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Upturn AI SWOT - About
UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID)
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Upturn Advisory Summary
07/01/2025: WTID (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -75.12% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/01/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 6.11 - 29.03 | Updated Date 06/29/2025 |
52 Weeks Range 6.11 - 29.03 | Updated Date 06/29/2025 |
Upturn AI SWOT
UBS ETRACS - ProShares Daily 3x Inverse Crude ETN
ETF Overview
Overview
The UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (ticker: WTID) is an Exchange Traded Note designed to deliver three times the inverse (opposite) of the daily performance of the Bloomberg WTI Crude Oil Subindex. It provides leveraged exposure to the inverse movement of crude oil prices, primarily targeting short-term traders seeking to profit from anticipated declines in oil prices.
Reputation and Reliability
UBS has a strong global reputation, but ETNs carry credit risk linked to the issuer. Investors need to consider UBS's creditworthiness.
Management Expertise
ProShares is a well-known provider of leveraged and inverse ETFs/ETNs. They have expertise in managing complex investment products.
Investment Objective
Goal
To provide three times the inverse (opposite) of the daily performance of the Bloomberg WTI Crude Oil Subindex.
Investment Approach and Strategy
Strategy: Tracks the Bloomberg WTI Crude Oil Subindex with a 3x inverse daily leverage.
Composition The ETN does not hold physical assets, but rather a promise from UBS to pay out returns linked to the index's performance, adjusted for fees and leverage.
Market Position
Market Share: WTID's market share is relatively small compared to broader crude oil ETFs due to its leveraged and inverse nature.
Total Net Assets (AUM): 17.57
Competitors
Key Competitors
- ProShares UltraShort Bloomberg Crude Oil (SCO)
- MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU)
- Direxion Daily Energy Bear 3X Shares (ERY)
Competitive Landscape
The competitive landscape is characterized by a few main players offering leveraged and inverse exposure to crude oil. WTID faces competition from other leveraged crude oil ETNs and ETFs. WTID's advantage lies in its specific 3x inverse exposure to the Bloomberg WTI Crude Oil Subindex, while a disadvantage is the inherent risk and complexity of leveraged ETNs and counterparty risk.
Financial Performance
Historical Performance: Historical performance is highly volatile and depends on the daily movements of crude oil. Due to the 3x leverage and daily reset, long-term performance can significantly deviate from the index's long-term performance.
Benchmark Comparison: A direct comparison to the benchmark index is complex due to the leverage and daily reset. Should be evaluated based on daily returns vs. 3x inverse of the Bloomberg WTI Crude Oil Subindex
Expense Ratio: 1.25
Liquidity
Average Trading Volume
Average trading volume varies, reflecting investor interest in short-term crude oil price movements.
Bid-Ask Spread
The bid-ask spread can be wider compared to more liquid ETFs, especially during volatile market conditions.
Market Dynamics
Market Environment Factors
Economic indicators, global oil supply and demand dynamics, geopolitical events, and inventory levels significantly impact WTID's performance.
Growth Trajectory
The ETN's growth is entirely dependent on investor appetite for short-term inverse leveraged crude oil exposure.
Moat and Competitive Advantages
Competitive Edge
WTID's advantage lies in providing a specific 3x inverse leveraged exposure to crude oil, catering to investors seeking short-term profit from anticipated price declines. However, it lacks a sustainable moat due to the ease of replication and inherent risks. The high leverage increases potential gains but also amplifies losses, making it unsuitable for long-term investors. The daily reset mechanism can cause significant value erosion over time if the investor's directional bet is incorrect.
Risk Analysis
Volatility
WTID is highly volatile due to the leveraged nature of the investment and the inherent volatility of crude oil prices.
Market Risk
Specific risks include fluctuations in crude oil prices, counterparty risk (UBS's creditworthiness), and the impact of daily compounding on long-term returns.
Investor Profile
Ideal Investor Profile
Suitable for sophisticated, short-term traders with a high-risk tolerance who have a strong conviction that crude oil prices will decline in the very near term.
Market Risk
Best suited for active traders seeking short-term leveraged exposure to the inverse movement of crude oil prices. Not for long-term investors.
Summary
UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID) is a leveraged ETN designed for short-term traders who believe crude oil prices will decline. It provides 3x inverse exposure to the Bloomberg WTI Crude Oil Subindex. Due to the daily reset and leverage, it is unsuitable for long-term investment. Investors should carefully consider the risks, including high volatility and counterparty risk, before investing in WTID.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares
- UBS
- Bloomberg
- Morningstar
- ETFdb.com
Disclaimers:
This data is for informational purposes only and should not be considered investment advice. Investment decisions should be based on your own research and risk tolerance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About UBS ETRACS - ProShares Daily 3x Inverse Crude ETN
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.