CPXR vs. WXET

Last updated Jun 23, 2026

CPXR (USCF Daily Target 2X Copper Index ETF) and WXET (Teucrium 2x Daily Wheat ETF) are both exchange-traded funds - CPXR is a Copper fund tracking the SummerHaven Copper Index, while WXET is a Leveraged Commodities fund actively managed by Teucrium. CPXR is passively managed, while WXET is actively managed. Over the past year, CPXR returned 33.95% vs -18.05% for WXET. At a 0.07 correlation, their price movements are largely independent. CPXR charges 1.20%/yr vs 0.95%/yr for WXET.

Performance

CPXR vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Daily Target 2X Copper Index ETF (CPXR) and Teucrium 2x Daily Wheat ETF (WXET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPXR achieves a 16.38% return, which is significantly lower than WXET's 24.67% return.

CPXR

• 1D: -0.73%
• 1M: -1.52%
• YTD: 16.38%
• 6M: 23.89%
• 1Y: 33.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WXET

• 1D: -2.09%
• 1M: -15.41%
• YTD: 24.67%
• 6M: 20.59%
• 1Y: -18.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXR vs. WXET - Yearly Performance Comparison

	2026 (YTD)	2025
CPXR USCF Daily Target 2X Copper Index ETF	16.38%	35.65%
WXET Teucrium 2x Daily Wheat ETF	24.67%	-39.69%

Correlation

The correlation between CPXR and WXET is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025	0.07

Return for Risk

CPXR vs. WXET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPXR

CPXR Risk / Return Rank: 19
CPXR Sharpe Ratio Rank: 16
CPXR Sortino Ratio Rank: 19
CPXR Omega Ratio Rank: 26
CPXR Calmar Ratio Rank: 17
CPXR Martin Ratio Rank: 15

WXET

WXET Risk / Return Rank: 5
WXET Sharpe Ratio Rank: 6
WXET Sortino Ratio Rank: 6
WXET Omega Ratio Rank: 6
WXET Calmar Ratio Rank: 4
WXET Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPXR vs. WXET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and Teucrium 2x Daily Wheat ETF (WXET). 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.

	CPXR	WXET	Difference
Sharpe ratio: Return per unit of total volatility	0.49	-0.37	+0.86
Sortino ratio: Return per unit of downside risk	1.05	-0.26	+1.31
Omega ratio: Gain probability vs. loss probability	1.17	0.97	+0.20
Calmar ratio: Return relative to maximum drawdown	0.71	-0.58	+1.29
Martin ratio: Return relative to average drawdown	1.31	-0.92	+2.22

CPXR vs. WXET - Sharpe Ratio Comparison

The current CPXR Sharpe Ratio is 0.49, which is higher than the WXET Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of CPXR and WXET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPXR vs. WXET - Drawdown Comparison

The maximum CPXR drawdown since its inception was -47.87%, roughly equal to the maximum WXET drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for CPXR and WXET.

Drawdown Indicators

	CPXR	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-48.31%	+0.44%
Max Drawdown (1Y) Largest decline over 1 year	-47.87%	-31.11%	-16.76%
Current Drawdown Current decline from peak	-9.18%	-35.55%	+26.37%
Average Drawdown Average peak-to-trough decline	-19.43%	-30.61%	+11.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.00%	22.67%	+3.33%

Volatility

CPXR vs. WXET - Volatility Comparison

USCF Daily Target 2X Copper Index ETF (CPXR) has a higher volatility of 16.01% compared to Teucrium 2x Daily Wheat ETF (WXET) at 11.99%. This indicates that CPXR's price experiences larger fluctuations and is considered to be riskier than WXET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPXR	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.01%	11.99%	+4.02%
Volatility (6M) Calculated over the trailing 6-month period	45.81%	39.71%	+6.10%
Volatility (1Y) Calculated over the trailing 1-year period	69.49%	48.75%	+20.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.18%	48.12%	+20.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.18%	48.12%	+20.06%

CPXR vs. WXET - Expense Ratio Comparison

CPXR has a 1.20% expense ratio, which is higher than WXET's 0.95% expense ratio.

Dividends

CPXR vs. WXET - Dividend Comparison

CPXR's dividend yield for the trailing twelve months is around 0.60%, less than WXET's 2.02% yield.

Position	TTM	2025	2024
CPXR USCF Daily Target 2X Copper Index ETF	0.60%	0.70%	0.00%
WXET Teucrium 2x Daily Wheat ETF	2.02%	3.57%	0.13%

Frequently Asked Questions

Can I hold both CPXR and WXET in my portfolio?

CPXR and WXET have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPXR or WXET?

CPXR has higher volatility (16.01%) compared to WXET (11.99%). In terms of maximum drawdown, CPXR dropped -47.87% vs WXET's -48.31%.

Which ETF is better, CPXR or WXET?

On 1-year performance, CPXR leads with 33.95% vs -18.05% for WXET. On fees, WXET is cheaper at 0.95% per year. On volatility, WXET has been the lower-risk option at 11.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPXR or WXET?

Over the 1-year period, CPXR has performed better with a 33.95% return vs -18.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPXR or WXET?

WXET is cheaper with a 0.95% expense ratio, compared with 1.20% for CPXR.

Which ETF pays a higher dividend yield, CPXR or WXET?

WXET has the higher dividend yield at 2.02%, compared with 0.60% for CPXR.

What is the main difference between CPXR and WXET?

CPXR is categorized as Copper, while WXET is Leveraged Commodities. They also come from different issuers: USCF and Teucrium. Their fees differ too: 1.20% for CPXR and 0.95% for WXET.

Which has better risk-adjusted returns?

CPXR currently has the higher Sharpe Ratio (0.49 vs -0.37), 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.