WTIU vs. TSMG

Last updated Jun 24, 2026

WTIU (MicroSectors Energy 3X Leveraged ETN) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. WTIU is passively managed, while TSMG is actively managed. Over the past year, WTIU returned 40.86% vs 241.80% for TSMG. At a correlation of -0.00, they often move in opposite directions. WTIU charges 0.95%/yr vs 0.75%/yr for TSMG.

Performance

WTIU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy 3X Leveraged ETN (WTIU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTIU achieves a 48.25% return, which is significantly lower than TSMG's 80.39% return.

WTIU

• 1D: 1.81%
• 1M: -23.04%
• YTD: 48.25%
• 6M: 48.93%
• 1Y: 40.86%
• 3Y*: 0.71%
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -13.49%
• 1M: 12.90%
• YTD: 80.39%
• 6M: 88.25%
• 1Y: 241.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTIU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
WTIU MicroSectors Energy 3X Leveraged ETN	48.25%	-29.83%
TSMG Leverage Shares 2X Long TSM Daily ETF	80.39%	71.03%

Correlation

The correlation between WTIU and TSMG is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	-0.00

The correlation between WTIU and TSMG shifts across timeframes, from -0.16 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WTIU vs. TSMG — Risk / Return Rank

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

WTIU

WTIU Risk / Return Rank: 20
WTIU Sharpe Ratio Rank: 18
WTIU Sortino Ratio Rank: 22
WTIU Omega Ratio Rank: 21
WTIU Calmar Ratio Rank: 20
WTIU Martin Ratio Rank: 20

TSMG

TSMG Risk / Return Rank: 85
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 75
TSMG Omega Ratio Rank: 70
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

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. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy 3X Leveraged ETN (WTIU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	0.60	3.17	-2.57
Sortino ratio: Return per unit of downside risk	1.19	3.15	-1.97
Omega ratio: Gain probability vs. loss probability	1.14	1.39	-0.24
Calmar ratio: Return relative to maximum drawdown	0.87	6.90	-6.03
Martin ratio: Return relative to average drawdown	2.30	22.04	-19.74

WTIU vs. TSMG - Sharpe Ratio Comparison

The current WTIU Sharpe Ratio is 0.60, which is lower than the TSMG Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of WTIU and TSMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WTIU vs. TSMG - Drawdown Comparison

The maximum WTIU drawdown since its inception was -75.73%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for WTIU and TSMG.

Drawdown Indicators

	WTIU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-75.73%	-63.67%	-12.06%
Max Drawdown (1Y) Largest decline over 1 year	-47.07%	-35.29%	-11.78%
Max Drawdown (3Y) Largest decline over 3 years	-75.73%	—	—
Current Drawdown Current decline from peak	-47.45%	-13.49%	-33.96%
Average Drawdown Average peak-to-trough decline	-39.19%	-16.65%	-22.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.80%	11.03%	+6.77%

Volatility

WTIU vs. TSMG - Volatility Comparison

The current volatility for MicroSectors Energy 3X Leveraged ETN (WTIU) is 23.51%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 33.00%. This indicates that WTIU experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTIU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.51%	33.00%	-9.49%
Volatility (6M) Calculated over the trailing 6-month period	56.01%	60.76%	-4.75%
Volatility (1Y) Calculated over the trailing 1-year period	68.81%	76.78%	-7.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.79%	83.21%	-12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.79%	83.21%	-12.42%

WTIU vs. TSMG - Expense Ratio Comparison

WTIU has a 0.95% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

WTIU vs. TSMG - Dividend Comparison

WTIU has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 6.37%.

Position	TTM	2025
TSMG Leverage Shares 2X Long TSM Daily ETF	6.37%	11.48%
WTIU MicroSectors Energy 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTIU and TSMG in my portfolio?

WTIU and TSMG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTIU or TSMG?

TSMG has higher volatility (33.00%) compared to WTIU (23.51%). In terms of maximum drawdown, WTIU dropped -75.73% vs TSMG's -63.67%.

Which ETF is better, WTIU or TSMG?

On 1-year performance, TSMG leads with 241.80% vs 40.86% for WTIU. On fees, TSMG is cheaper at 0.75% per year. On volatility, WTIU has been the lower-risk option at 23.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTIU or TSMG?

Over the 1-year period, TSMG has performed better with a 241.80% return vs 40.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTIU or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 0.95% for WTIU.

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

TSMG has the higher dividend yield at 6.37%, compared with 0.00% for WTIU.

What is the main difference between WTIU and TSMG?

They also come from different issuers: REX and Leverage Shares. Their fees differ too: 0.95% for WTIU and 0.75% for TSMG.

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (3.17 vs 0.60), 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.