WTIU vs. DRIP
WTIU (MicroSectors Energy 3X Leveraged ETN) and DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) are both Leveraged Equities funds - WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while DRIP tracks the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). Both are passively managed. Over the past 3 years, WTIU returned 5.93%/yr vs -30.92%/yr for DRIP. At a correlation of -0.92, they often move in opposite directions. WTIU charges 0.95%/yr vs 1.07%/yr for DRIP.
Performance
WTIU vs. DRIP - Performance Comparison
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Returns By Period
In the year-to-date period, WTIU achieves a 91.57% return, which is significantly higher than DRIP's -50.45% return.
WTIU
- 1D
- 4.02%
- 1M
- -7.74%
- YTD
- 91.57%
- 6M
- 66.33%
- 1Y
- 103.25%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
DRIP
- 1D
- -3.05%
- 1M
- 9.61%
- YTD
- -50.45%
- 6M
- -43.03%
- 1Y
- -56.10%
- 3Y*
- -30.92%
- 5Y*
- -41.62%
- 10Y*
- -42.95%
WTIU vs. DRIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTIU MicroSectors Energy 3X Leveraged ETN | 91.57% | -17.13% | -29.63% | -28.42% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -50.45% | -14.81% | 1.27% | -11.78% |
Correlation
The correlation between WTIU and DRIP is -0.93, 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 | -0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | -0.92 |
The correlation between WTIU and DRIP has been stable across timeframes, ranging from -0.93 to -0.92 - a consistent structural relationship.
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Return for Risk
WTIU vs. DRIP — Risk / Return Rank
WTIU
DRIP
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.
| WTIU | DRIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.83 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | -0.88 | +3.54 |
| Martin ratioReturn relative to average drawdown | 6.55 | -1.64 | +8.20 |
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
| WTIU | DRIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | -1.01 | +2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.42 | +0.32 |
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
| WTIU | DRIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.73% | -99.95% | +24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -39.11% | -63.84% | +24.73% |
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 DrawdownCurrent decline from peak | -32.10% | -99.94% | +67.84% |
Average DrawdownAverage peak-to-trough decline | -39.19% | -90.45% | +51.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.83% | 34.12% | -18.29% |
Volatility
WTIU vs. DRIP - Volatility Comparison
MicroSectors Energy 3X Leveraged ETN (WTIU) has a higher volatility of 27.06% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) at 19.66%. 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
| WTIU | DRIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.06% | 19.66% | +7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 54.98% | 43.05% | +11.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.51% | 55.64% | +11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.62% | 68.36% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.62% | 96.59% | -25.97% |
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 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.99% | 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 -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (27.06%) compared to DRIP (19.66%). In terms of maximum drawdown, WTIU dropped -75.73% vs DRIP's -99.95%.
On 3-year performance, WTIU leads with 5.93% vs -30.92% for DRIP. On fees, WTIU is cheaper at 0.95% per year. On volatility, DRIP has been the lower-risk option at 19.66%. 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 5.93% return vs -30.92%. 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 3.99%, 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 (1.54 vs -1.01), 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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