WTID vs. USO
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and USO (United States Oil Fund LP) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 3 years, WTID returned -48.40%/yr vs 29.98%/yr for USO. At a correlation of -0.64, they often move in opposite directions. WTID charges 0.95%/yr vs 0.86%/yr for USO.
Performance
WTID vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -62.23% return, which is significantly lower than USO's 103.67% return.
WTID
- 1D
- -3.31%
- 1M
- -1.13%
- YTD
- -62.23%
- 6M
- -57.99%
- 1Y
- -72.92%
- 3Y*
- -48.40%
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- 2.62%
- 1M
- -4.57%
- YTD
- 103.67%
- 6M
- 99.35%
- 1Y
- 101.55%
- 3Y*
- 29.98%
- 5Y*
- 24.41%
- 10Y*
- 4.07%
WTID vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -62.23% | -44.50% | -7.93% | -17.12% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -3.43% |
Correlation
The correlation between WTID and USO is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | -0.64 |
The correlation between WTID and USO has been stable across timeframes, ranging from -0.67 to -0.63 - a consistent structural relationship.
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Return for Risk
WTID vs. USO — Risk / Return Rank
WTID
USO
WTID vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and United States Oil Fund LP (USO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| WTID | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.41 | ||
| Sortino ratioReturn per unit of downside risk | -5.13 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.38 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 5.01 | -5.94 |
| Martin ratioReturn relative to average drawdown | -1.55 | 9.42 | -10.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WTID | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.10 | 2.31 | -3.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | -0.18 | -0.43 |
Drawdowns
WTID vs. USO - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for WTID and USO.
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Drawdown Indicators
| WTID | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -98.19% | +7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -78.12% | -20.39% | -57.73% |
Max Drawdown (3Y)Largest decline over 3 years | -88.99% | -26.05% | -62.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -88.87% | -85.01% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -54.44% | -75.30% | +20.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.10% | 10.82% | +36.28% |
Volatility
WTID vs. USO - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 25.63% compared to United States Oil Fund LP (USO) at 14.87%. This indicates that WTID's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTID | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.63% | 14.87% | +10.76% |
Volatility (6M)Calculated over the trailing 6-month period | 53.59% | 38.23% | +15.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.54% | 44.20% | +22.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.34% | 36.06% | +34.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.34% | 39.00% | +31.34% |
WTID vs. USO - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
WTID vs. USO - Dividend Comparison
Neither WTID nor USO has paid dividends to shareholders.
Frequently Asked Questions
WTID and USO have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (25.63%) compared to USO (14.87%). In terms of maximum drawdown, WTID dropped -90.35% vs USO's -98.19%.
On 3-year performance, USO leads with 29.98% vs -48.40% for WTID. On fees, USO is cheaper at 0.86% per year. On volatility, USO has been the lower-risk option at 14.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USO has performed better with a 29.98% return vs -48.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USO is cheaper with a 0.86% expense ratio, compared with 0.95% for WTID.
WTID and USO have nearly identical dividend yields, around 0.00%.
WTID is categorized as Inverse Equities, while USO is Oil & Gas. WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: REX and USCF. Their fees differ too: 0.95% for WTID and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.31 vs -1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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