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WTIU vs. DRIP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

WTIU vs. DRIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy 3X Leveraged ETN (WTIU) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WTIU achieves a 48.25% return, which is significantly higher than DRIP's -41.20% return.


WTIU

1D
1.81%
1M
-23.04%
YTD
48.25%
6M
48.93%
1Y
40.86%
3Y*
0.71%
5Y*
10Y*

DRIP

1D
-0.94%
1M
18.92%
YTD
-41.20%
6M
-40.68%
1Y
-42.23%
3Y*
-27.26%
5Y*
-38.71%
10Y*
-42.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WTIU vs. DRIP - Yearly Performance Comparison


2026 (YTD)202520242023
WTIU
MicroSectors Energy 3X Leveraged ETN
48.25%-17.13%-29.63%-28.45%
DRIP
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares
-41.20%-14.81%1.27%-8.77%

Correlation

The correlation between WTIU and DRIP is -0.94, 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

-0.94

Correlation (3Y)
Calculated over the trailing 3-year period

-0.93

Correlation (All Time)
Calculated using the full available price history since Feb 15, 2023

-0.92

The correlation between WTIU and DRIP has been stable across timeframes, ranging from -0.94 to -0.92 - a consistent structural relationship.

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Return for Risk

WTIU vs. DRIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTIU
WTIU Risk / Return Rank: 2020
Overall Rank
WTIU Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
WTIU Sortino Ratio Rank: 2222
Sortino Ratio Rank
WTIU Omega Ratio Rank: 2121
Omega Ratio Rank
WTIU Calmar Ratio Rank: 2020
Calmar Ratio Rank
WTIU Martin Ratio Rank: 2020
Martin Ratio Rank

DRIP
DRIP Risk / Return Rank: 33
Overall Rank
DRIP Sharpe Ratio Rank: 33
Sharpe Ratio Rank
DRIP Sortino Ratio Rank: 33
Sortino Ratio Rank
DRIP Omega Ratio Rank: 44
Omega Ratio Rank
DRIP Calmar Ratio Rank: 33
Calmar Ratio Rank
DRIP Martin Ratio Rank: 33
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTIU vs. DRIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy 3X Leveraged ETN (WTIU) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


WTIUDRIPDifference
Sharpe ratioReturn per unit of total volatility

+1.35

Sortino ratioReturn per unit of downside risk

+2.20

Omega ratioGain probability vs. loss probability

1.14

0.90

+0.25

Calmar ratioReturn relative to maximum drawdown

0.87

-0.68

+1.55

Martin ratioReturn relative to average drawdown

2.30

-1.25

+3.56

WTIU vs. DRIP - Sharpe Ratio Comparison

The current WTIU Sharpe Ratio is 0.60, which is higher than the DRIP Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of WTIU and DRIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

WTIU vs. DRIP - Drawdown Comparison

The maximum WTIU drawdown since its inception was -75.73%, smaller than the maximum DRIP drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for WTIU and DRIP.


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Drawdown Indicators


WTIUDRIPDifference

Max Drawdown

Largest peak-to-trough decline

-75.73%

-99.95%

+24.22%

Max Drawdown (1Y)

Largest decline over 1 year

-47.07%

-62.18%

+15.11%

Max Drawdown (3Y)

Largest decline over 3 years

-75.73%

-76.02%

+0.29%

Max Drawdown (5Y)

Largest decline over 5 years

-96.24%

Max Drawdown (10Y)

Largest decline over 10 years

-99.92%

Current Drawdown

Current decline from peak

-47.45%

-99.93%

+52.48%

Average Drawdown

Average peak-to-trough decline

-39.19%

-90.46%

+51.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.80%

33.75%

-15.95%

Volatility

WTIU vs. DRIP - Volatility Comparison

MicroSectors Energy 3X Leveraged ETN (WTIU) has a higher volatility of 23.51% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) at 18.04%. This indicates that WTIU's price experiences larger fluctuations and is considered to be riskier than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


WTIUDRIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.51%

18.04%

+5.47%

Volatility (6M)

Calculated over the trailing 6-month period

56.01%

43.68%

+12.33%

Volatility (1Y)

Calculated over the trailing 1-year period

68.81%

56.75%

+12.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

70.79%

68.37%

+2.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

70.79%

96.33%

-25.54%

WTIU vs. DRIP - Expense Ratio Comparison

WTIU has a 0.95% expense ratio, which is lower than DRIP's 1.07% expense ratio.


Dividends

WTIU vs. DRIP - Dividend Comparison

WTIU has not paid dividends to shareholders, while DRIP's dividend yield for the trailing twelve months is around 3.36%.


PositionTTM20252024202320222021202020192018
DRIP
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares
3.36%2.86%4.38%5.09%0.00%0.00%0.01%0.96%0.58%
WTIU
MicroSectors Energy 3X Leveraged ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


WTIU and DRIP have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WTIU has higher volatility (23.51%) compared to DRIP (18.04%). In terms of maximum drawdown, WTIU dropped -75.73% vs DRIP's -99.95%.

On 3-year performance, WTIU leads with 0.71% vs -27.26% for DRIP. On fees, WTIU is cheaper at 0.95% per year. On volatility, DRIP has been the lower-risk option at 18.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, WTIU has performed better with a 0.71% return vs -27.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

WTIU is cheaper with a 0.95% expense ratio, compared with 1.07% for DRIP.

DRIP has the higher dividend yield at 3.36%, compared with 0.00% for WTIU.

WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%). They also come from different issuers: REX and Direxion. Their fees differ too: 0.95% for WTIU and 1.07% for DRIP.

WTIU currently has the higher Sharpe Ratio (0.60 vs -0.75), 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.

Portfolio Optimizer

Find the right allocation for WTIU and DRIP

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