WTIU vs. OILU
Compare and contrast key facts about MicroSectors Energy 3X Leveraged ETN (WTIU) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).
WTIU and OILU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTIU is a passively managed fund by REX Microsectors that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. OILU is managed by BMO Financial Group. It was launched on Mar 24, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WTIU or OILU.
Correlation
The correlation between WTIU and OILU is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WTIU vs. OILU - Performance Comparison
Key characteristics
WTIU:
-0.67
OILU:
-0.56
WTIU:
-0.74
OILU:
-0.52
WTIU:
0.91
OILU:
0.94
WTIU:
-0.63
OILU:
-0.43
WTIU:
-1.23
OILU:
-1.15
WTIU:
31.69%
OILU:
26.73%
WTIU:
57.91%
OILU:
54.79%
WTIU:
-61.53%
OILU:
-71.54%
WTIU:
-61.53%
OILU:
-70.83%
Returns By Period
In the year-to-date period, WTIU achieves a -36.71% return, which is significantly lower than OILU's -29.03% return.
WTIU
-36.71%
-37.19%
-42.41%
-39.85%
N/A
N/A
OILU
-29.03%
-34.61%
-33.48%
-31.52%
N/A
N/A
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WTIU vs. OILU - Expense Ratio Comparison
Both WTIU and OILU have an expense ratio of 0.95%.
Risk-Adjusted Performance
WTIU vs. OILU - Risk-Adjusted Performance 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.
Dividends
WTIU vs. OILU - Dividend Comparison
Neither WTIU nor OILU has paid dividends to shareholders.
Drawdowns
WTIU vs. OILU - Drawdown Comparison
The maximum WTIU drawdown since its inception was -61.53%, smaller than the maximum OILU drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for WTIU and OILU. For additional features, visit the drawdowns tool.
Volatility
WTIU vs. OILU - Volatility Comparison
MicroSectors Energy 3X Leveraged ETN (WTIU) has a higher volatility of 20.67% compared to MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) at 15.50%. 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.