WTIU vs. VTEB
WTIU (MicroSectors Energy 3X Leveraged ETN) and VTEB (Vanguard Tax-Exempt Bond ETF) are both exchange-traded funds - WTIU is a Leveraged Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 3 years, WTIU returned 0.02%/yr vs 2.92%/yr for VTEB. Their -0.12 correlation means they have often moved in opposite directions in the past. WTIU charges 0.95%/yr vs 0.03%/yr for VTEB.
Performance
WTIU vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, WTIU achieves a 104.80% return, which is significantly higher than VTEB's 0.31% return.
WTIU
- 1D
- 3.15%
- 1M
- 45.95%
- 6M
- 51.31%
- YTD
- 104.80%
- 1Y
- 114.64%
- 3Y*
- 0.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.45%
VTEB
- 1D
- -0.10%
- 1M
- -1.84%
- 6M
- -0.23%
- YTD
- 0.31%
- 1Y
- 4.77%
- 3Y*
- 2.92%
- 5Y*
- 0.53%
- 10Y*
- 1.88%
- ALL TIME*
- 2.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $377.87M | $352.76M | $360.69M | |
| $1.32M | $870.89K | $849.27K |
WTIU vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTIU MicroSectors Energy 3X Leveraged ETN | 104.80% | -17.13% | -29.63% | -28.45% |
VTEB Vanguard Tax-Exempt Bond ETF | 0.31% | 3.72% | 1.31% | 4.07% |
Correlation
The correlation between WTIU and VTEB is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023 | -0.12 |
Over the past year, the inverse relationship between WTIU and VTEB has strengthened: their correlation has moved from -0.12 to -0.35, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
WTIU vs. VTEB — Risk / Return Rank
WTIU
VTEB
WTIU vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy 3X Leveraged ETN (WTIU) and Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.00 | +0.09 |
| Martin ratioReturn relative to average drawdown | 4.79 | 6.62 | -1.83 |
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Drawdowns
WTIU vs. VTEB - Drawdown Comparison
The maximum WTIU drawdown since its inception was -75.73%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for WTIU and VTEB.
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Drawdown Indicators
| WTIU | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.73% | -17.00% | -58.73% |
Max Drawdown (1Y)Largest decline over 1 year | -48.11% | -2.71% | -45.40% |
Max Drawdown (3Y)Largest decline over 3 years | -75.73% | -4.76% | -70.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -27.41% | -1.86% | -25.55% |
Average DrawdownAverage peak-to-trough decline | -39.21% | -2.30% | -36.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.07% | 0.82% | +20.25% |
Volatility
WTIU vs. VTEB - Volatility Comparison
MicroSectors Energy 3X Leveraged ETN (WTIU) has a higher volatility of 21.18% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 0.88%. This indicates that WTIU's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTIU | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.18% | 0.88% | +20.30% |
Volatility (6M)Calculated over the trailing 6-month period | 57.82% | 2.22% | +55.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.90% | 2.79% | +67.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.86% | 3.92% | +66.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.86% | 5.25% | +65.61% |
WTIU vs. VTEB - Expense Ratio Comparison
WTIU has a 0.95% expense ratio, which is higher than VTEB's 0.03% expense ratio.
Dividends
WTIU vs. VTEB - Dividend Comparison
WTIU has not paid dividends to shareholders, while VTEB's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEB Vanguard Tax-Exempt Bond ETF | 3.14% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
WTIU MicroSectors Energy 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTIU and VTEB have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (21.18%) compared to VTEB (0.88%). In terms of maximum drawdown, WTIU dropped -75.73% vs VTEB's -17.00%.
On 3-year performance, VTEB leads with 2.92% vs 0.02% for WTIU. On fees, VTEB is cheaper at 0.03% per year. On volatility, VTEB has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTEB has performed better with a 2.92% return vs 0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.95% for WTIU.
VTEB has the higher dividend yield at 3.14%, compared with 0.00% for WTIU.
WTIU is categorized as Leveraged Equities, while VTEB is Municipal Bonds. WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: REX and Vanguard. Their fees differ too: 0.95% for WTIU and 0.03% for VTEB.
VTEB currently has the higher Sharpe Ratio (1.95 vs 1.44), 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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