WTIU vs. EWV
WTIU (MicroSectors Energy 3X Leveraged ETN) and EWV (ProShares UltraShort MSCI Japan) are both Leveraged Equities funds - WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while EWV tracks the MSCI Japan Index (-200%). Both are passively managed. Over the past 3 years, WTIU returned 5.93%/yr vs -28.45%/yr for EWV. At a correlation of -0.13, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
WTIU vs. EWV - 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 EWV's -27.97% return.
WTIU
- 1D
- 4.02%
- 1M
- -7.74%
- YTD
- 91.57%
- 6M
- 66.33%
- 1Y
- 103.25%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
EWV
- 1D
- -0.28%
- 1M
- -12.11%
- YTD
- -27.97%
- 6M
- -29.61%
- 1Y
- -43.86%
- 3Y*
- -28.45%
- 5Y*
- -17.58%
- 10Y*
- -20.24%
WTIU vs. EWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTIU MicroSectors Energy 3X Leveraged ETN | 91.57% | -17.13% | -29.63% | -28.42% |
EWV ProShares UltraShort MSCI Japan | -27.97% | -37.70% | -11.06% | -21.02% |
Correlation
The correlation between WTIU and EWV is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | -0.13 |
The correlation between WTIU and EWV shifts across timeframes, from -0.13 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WTIU vs. EWV — Risk / Return Rank
WTIU
EWV
WTIU vs. EWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy 3X Leveraged ETN (WTIU) and ProShares UltraShort MSCI Japan (EWV). 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 | EWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.80 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | -0.94 | +3.59 |
| Martin ratioReturn relative to average drawdown | 6.55 | -1.51 | +8.06 |
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 | EWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | -1.11 | +2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.47 | +0.37 |
Drawdowns
WTIU vs. EWV - Drawdown Comparison
The maximum WTIU drawdown since its inception was -75.73%, smaller than the maximum EWV drawdown of -99.13%. Use the drawdown chart below to compare losses from any high point for WTIU and EWV.
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Drawdown Indicators
| WTIU | EWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.73% | -99.13% | +23.40% |
Max Drawdown (1Y)Largest decline over 1 year | -39.11% | -46.88% | +7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -75.73% | -68.67% | -7.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.10% | — |
Current DrawdownCurrent decline from peak | -32.10% | -99.13% | +67.03% |
Average DrawdownAverage peak-to-trough decline | -39.19% | -84.28% | +45.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.83% | 29.05% | -13.22% |
Volatility
WTIU vs. EWV - Volatility Comparison
MicroSectors Energy 3X Leveraged ETN (WTIU) has a higher volatility of 27.06% compared to ProShares UltraShort MSCI Japan (EWV) at 9.11%. This indicates that WTIU's price experiences larger fluctuations and is considered to be riskier than EWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTIU | EWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.06% | 9.11% | +17.95% |
Volatility (6M)Calculated over the trailing 6-month period | 54.98% | 31.22% | +23.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.51% | 39.88% | +27.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.62% | 36.62% | +34.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.62% | 34.95% | +35.67% |
WTIU vs. EWV - Expense Ratio Comparison
Both WTIU and EWV have an expense ratio of 0.95%.
Dividends
WTIU vs. EWV - Dividend Comparison
WTIU has not paid dividends to shareholders, while EWV's dividend yield for the trailing twelve months is around 4.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EWV ProShares UltraShort MSCI Japan | 4.98% | 3.63% | 3.39% | 3.42% | 0.65% | 0.00% | 0.00% | 0.33% | 0.00% |
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 EWV have a correlation of 0.09, 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 EWV (9.11%). In terms of maximum drawdown, WTIU dropped -75.73% vs EWV's -99.13%.
On 3-year performance, WTIU leads with 5.93% vs -28.45% for EWV. Both ETFs have the same 0.95% expense ratio. On volatility, EWV has been the lower-risk option at 9.11%. 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 -28.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTIU and EWV have the same expense ratio: 0.95% per year.
EWV has the higher dividend yield at 4.98%, compared with 0.00% for WTIU.
WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while EWV tracks MSCI Japan Index (-200%). They also come from different issuers: REX and ProShares.
WTIU currently has the higher Sharpe Ratio (1.54 vs -1.11), 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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