WTIDMicroSectors Energy -3X Inverse Leveraged ETN
The notes are designed to reflect a 3x leveraged inverse exposure to the inverse performance of the index on a daily basis, before taking into account the negative effect of the Daily Investor Fee, any negative Daily Interest, and the Redemption Fee Amount, if applicable. However, due to daily resetting leverage, the returns on the notes over different periods of time can, and most likely will, differ significantly from three times the return on a direct short investment in the index.
BMO Capital Markets · Since 2023 (3 years)
0.95%
#4471 out of 5,332 ETFs
$6M
#4744 out of 5,332 ETFs
0.00%
3 years
#3028 out of 5,332 ETFs
Performance
1 Year
-76.9%
3 Years
-45.7%
5 Years
N/A
What's inside
Asset allocation
Sector breakdown
Top holdings
Risk profile
63.9%
High
-90.3%
Worst peak-to-trough loss
-0.60
Below average
-0.88
Moderate downside risk
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=leveraged + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05