WTIU vs. OILU

Last updated Jun 4, 2026

WTIU (MicroSectors Energy 3X Leveraged ETN) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - WTIU is a Leveraged Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while OILU is a Leveraged Commodities fund managed by BMO. Over the past 3 years, WTIU returned 5.93%/yr vs 10.60%/yr for OILU. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.95% expense ratio.

Performance

WTIU vs. OILU - Performance Comparison

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

Returns By Period

In the year-to-date period, WTIU achieves a 91.57% return, which is significantly lower than OILU's 96.53% return.

WTIU

• 1D: 4.02%
• 1M: -7.74%
• YTD: 91.57%
• 6M: 66.33%
• 1Y: 103.25%
• 3Y*: 5.93%
• 5Y*: —
• 10Y*: —

OILU

• 1D: 3.64%
• 1M: -10.84%
• YTD: 96.53%
• 6M: 77.49%
• 1Y: 115.83%
• 3Y*: 10.60%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTIU vs. OILU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WTIU MicroSectors Energy 3X Leveraged ETN	91.57%	-17.13%	-29.63%	-28.42%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	96.53%	-16.50%	-21.65%	-29.40%

Correlation

The correlation between WTIU and OILU is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023	0.98

The correlation between WTIU and OILU has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

WTIU vs. OILU - Sectors Allocation Comparison

Sectors	WTIU	OILU
Energy	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

WTIU vs. OILU — Risk / Return Rank

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

WTIU

WTIU Risk / Return Rank: 43
WTIU Sharpe Ratio Rank: 43
WTIU Sortino Ratio Rank: 38
WTIU Omega Ratio Rank: 37
WTIU Calmar Ratio Rank: 54
WTIU Martin Ratio Rank: 41

OILU

OILU Risk / Return Rank: 52
OILU Sharpe Ratio Rank: 54
OILU Sortino Ratio Rank: 45
OILU Omega Ratio Rank: 42
OILU Calmar Ratio Rank: 69
OILU Martin Ratio Rank: 51

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. OILU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy 3X Leveraged ETN (WTIU) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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	OILU	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.87	-0.33
Sortino ratio: Return per unit of downside risk	2.00	2.25	-0.25
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	2.65	3.48	-0.82
Martin ratio: Return relative to average drawdown	6.55	8.74	-2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTIU vs. OILU - Sharpe Ratio Comparison

The current WTIU Sharpe Ratio is 1.54, which is comparable to the OILU Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of WTIU and OILU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WTIU	OILU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.87	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.17	-0.26

Drawdowns

WTIU vs. OILU - Drawdown Comparison

The maximum WTIU drawdown since its inception was -75.73%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for WTIU and OILU.

Drawdown Indicators

	WTIU	OILU	Difference
Max Drawdown Largest peak-to-trough decline	-75.73%	-81.00%	+5.27%
Max Drawdown (1Y) Largest decline over 1 year	-39.11%	-33.51%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	-75.73%	-69.09%	-6.64%
Current Drawdown Current decline from peak	-32.10%	-47.14%	+15.04%
Average Drawdown Average peak-to-trough decline	-39.19%	-50.59%	+11.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.83%	13.32%	+2.51%

Volatility

WTIU vs. OILU - Volatility Comparison

MicroSectors Energy 3X Leveraged ETN (WTIU) has a higher volatility of 27.06% compared to MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) at 25.14%. This indicates that WTIU's price experiences larger fluctuations and is considered to be riskier than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTIU	OILU	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.06%	25.14%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	54.98%	49.94%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	67.51%	62.23%	+5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.62%	81.16%	-10.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.62%	81.16%	-10.54%

WTIU vs. OILU - Expense Ratio Comparison

Both WTIU and OILU have an expense ratio of 0.95%.

Dividends

WTIU vs. OILU - Dividend Comparison

Neither WTIU nor OILU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WTIU and OILU in my portfolio?

With a correlation of 0.97, WTIU and OILU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WTIU or OILU?

WTIU has higher volatility (27.06%) compared to OILU (25.14%). In terms of maximum drawdown, WTIU dropped -75.73% vs OILU's -81.00%.

Which ETF is better, WTIU or OILU?

On 3-year performance, OILU leads with 10.60% vs 5.93% for WTIU. Both ETFs have the same 0.95% expense ratio. On volatility, OILU has been the lower-risk option at 25.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTIU or OILU?

Over the 3-year period, OILU has performed better with a 10.60% return vs 5.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTIU or OILU?

WTIU and OILU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, WTIU or OILU?

WTIU and OILU have nearly identical dividend yields, around 0.00%.

What is the main difference between WTIU and OILU?

WTIU is categorized as Leveraged Equities, while OILU is Leveraged Commodities. They also come from different issuers: REX and BMO.

Which has better risk-adjusted returns?

OILU currently has the higher Sharpe Ratio (1.87 vs 1.54), 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.