WTID

UBS ETRACS - ProShares Daily 3x Inverse Crude ETN
*Unless otherwise stated, data provided by FactSet.

WTID Fund Description

WTID provides daily -3x inverse exposure to an index of WTI crude oil futures contracts.

WTID Factset Analytics Insight

Like most geared products, WTID is intended as a trading tool, not a buy-and-hold investment. The note provides -3x exposure to its index for a one-day period. The daily reset function means investors holding WTID for longer periods are exposed to the effects of compounding, and could see returns that vary greatly from -3x exposure. WTID’s Bloomberg index tracks oil futures contracts that are rolled every other month, striking a balance between spot-price sensitivity, turnover, and contango effects.As an ETN, WTID is backed by the credit of UBS, rather than futures and cash as in a commodity pool structure. Also, investors get a 1099 at tax time instead of a K-1. WTID is expensive to hold, but trading cost matters more for this tactical tool. Also consider Citigroup’s DWT, a direct competitor, or ProShare’s SCO, a -2x crude oil fund which uses a commodity pool structure. WTIU is WTID’s 3x long counterpart.

WTID Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/08/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
WTID -27.29% -43.68% -71.71% -49.59% -- -- --
WTID (NAV) -25.35% -43.98% -72.34% -49.00% -- -- --
Bloomberg WTI Crude Oil Subindex -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

WTID Summary Data

UBS
ETRACS
01/04/17
Exchange-Traded Note
1.85%
$3.52M
0.30%

WTID Portfolio Data

--
N/A

WTID Index Data

Single Asset
Single Asset
N/A

WTID Fund Structure

No
N/A
N/A / N/A
UBS AG (London Branch)
Low
High
-3
Daily

WTID Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

WTID Factset Analytics Block Liquidity

As of 11/11/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of WTID. WTID is rated a 5 out of 5.

WTID Tradability

97,444
$536.59K
71,853
$441.39K
0.30%
$0.02
-0.07%
5.33% / -8.31%
None
100.00%
50,000
1.44
0.13%
--
0
$4.93
5