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WTID — UBS ETRACS - ProShares Daily 3x Inverse Crude ETN

UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID)

WTID pays a 0.00% distribution rate, on a 0.95% expense ratio. Total return is -88.4% over the past 3.5 years, 184.5 points behind SPY at 96.1%. Its deepest 1-year drawdown was 77.7%.

WTID is a leveraged exchange-traded note that seeks to deliver three times the inverse daily performance of crude oil prices, making it a bearish bet on oil through a commodity derivatives strategy. The product carries a 0.95% expense ratio, does not make distributions, and is structured as an ETN rather than a traditional fund, which introduces issuer credit risk and potential tracking differences. This product appeals to sophisticated traders and hedgers seeking short-term tactical exposure to declining oil prices rather than income-focused investors, and is best suited for those with experience in leveraged and inverse instruments given the compounding effects and daily reset mechanism.

WTID key facts

Issuer
UBS Asset Management
Asset type
ETN
Asset class
Commodity
Expense ratio
0.95%
Distribution rate
0.00%
Last close
$3.18
AUM
$5,147,250
Average volume
2290787.0
Beta
0.11
P/E ratio
16.7732