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 2.24%/yr vs -27.53%/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 73.39% return, which is significantly higher than DRIP's -48.42% return.
WTIU
- 1D
- 0.31%
- 1M
- 0.80%
- 6M
- 55.84%
- YTD
- 73.39%
- 1Y
- 57.94%
- 3Y*
- 2.24%
- 5Y*
- —
- 10Y*
- —
DRIP
- 1D
- -0.65%
- 1M
- -2.28%
- 6M
- -45.20%
- YTD
- -48.42%
- 1Y
- -47.19%
- 3Y*
- -27.53%
- 5Y*
- -43.20%
- 10Y*
- -42.30%
WTIU vs. DRIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTIU MicroSectors Energy 3X Leveraged ETN | 73.39% | -17.13% | -29.63% | -28.45% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -48.42% | -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 | -0.92 |
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
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.
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.
| WTIU | DRIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.87 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.76 | +1.97 |
| Martin ratioReturn relative to average drawdown | 2.86 | -1.32 | +4.19 |
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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
| WTIU | DRIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.73% | -99.95% | +24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -48.11% | -62.18% | +14.07% |
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 | -38.54% | -99.94% | +61.40% |
Average DrawdownAverage peak-to-trough decline | -39.32% | -90.51% | +51.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.35% | 35.66% | -15.31% |
Volatility
WTIU vs. DRIP - Volatility Comparison
MicroSectors Energy 3X Leveraged ETN (WTIU) has a higher volatility of 23.20% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) at 16.32%. 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 | 23.20% | 16.32% | +6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 56.98% | 44.01% | +12.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.39% | 56.73% | +12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.92% | 68.02% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.92% | 95.90% | -24.98% |
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 3.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.44% | 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 (23.20%) compared to DRIP (16.32%). In terms of maximum drawdown, WTIU dropped -75.73% vs DRIP's -99.95%.
On 3-year performance, WTIU leads with 2.24% vs -27.53% for DRIP. On fees, WTIU is cheaper at 0.95% per year. On volatility, DRIP has been the lower-risk option at 16.32%. 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 2.24% return vs -27.53%. 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 3.44%, 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 (0.84 vs -0.83), 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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