WTIU vs. TSMG

Last updated Apr 2, 2026

Compare and contrast key facts about MicroSectors Energy 3X Leveraged ETN (WTIU) and Leverage Shares 2X Long TSM Daily ETF (TSMG).

WTIU and TSMG 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 that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. TSMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025.

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.

WTIU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
WTIU MicroSectors Energy 3X Leveraged ETN	113.23%	-30.87%
TSMG Leverage Shares 2X Long TSM Daily ETF	18.85%	76.34%

Returns By Period

In the year-to-date period, WTIU achieves a 113.23% return, which is significantly higher than TSMG's 18.85% return.

WTIU

• 1D: -11.84%
• 1M: 17.12%
• YTD: 113.23%
• 6M: 89.84%
• 1Y: 46.84%
• 3Y*: 2.42%
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 2.29%
• 1M: -16.16%
• YTD: 18.85%
• 6M: 24.81%
• 1Y: 225.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTIU vs. TSMG - Expense Ratio Comparison

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

WTIU

MicroSectors Energy 3X Leveraged ETN

TSMG

Leverage Shares 2X Long TSM Daily ETF

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: 34
WTIU Sharpe Ratio Rank: 29
WTIU Sortino Ratio Rank: 42
WTIU Omega Ratio Rank: 43
WTIU Calmar Ratio Rank: 35
WTIU Martin Ratio Rank: 23

TSMG

TSMG Risk / Return Rank: 95
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 94
TSMG Omega Ratio Rank: 89
TSMG Calmar Ratio Rank: 98
TSMG Martin Ratio Rank: 97

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.

	WTIU	TSMG	Difference
Sharpe ratio Return per unit of total volatility	0.58	2.94	-2.37
Sortino ratio Return per unit of downside risk	1.22	3.06	-1.84
Omega ratio Gain probability vs. loss probability	1.18	1.39	-0.21
Calmar ratio Return relative to maximum drawdown	0.92	6.67	-5.75
Martin ratio Return relative to average drawdown	1.71	20.63	-18.93
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. TSMG - Sharpe Ratio Comparison

The current WTIU Sharpe Ratio is 0.58, which is lower than the TSMG Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of WTIU and TSMG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WTIU	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	2.94	-2.37
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	1.04	-1.10

Correlation

The correlation between WTIU and TSMG is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 9.66%.

	TTM	2025
WTIU MicroSectors Energy 3X Leveraged ETN	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	9.66%	11.48%

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	-53.11%	-35.29%	-17.82%
Current Drawdown Current decline from peak	-24.42%	-24.61%	+0.19%
Average Drawdown Average peak-to-trough decline	-39.49%	-18.24%	-21.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.53%	11.41%	+17.12%

Volatility

WTIU vs. TSMG - Volatility Comparison

The current volatility for MicroSectors Energy 3X Leveraged ETN (WTIU) is 22.50%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 28.00%. 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	22.50%	28.00%	-5.50%
Volatility (6M) Calculated over the trailing 6-month period	46.56%	54.68%	-8.12%
Volatility (1Y) Calculated over the trailing 1-year period	81.69%	77.04%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.54%	81.23%	-11.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.54%	81.23%	-11.69%