DGP vs. WXET

Last updated Jun 24, 2026

DGP (DB Gold Double Long Exchange Traded Notes) and WXET (Teucrium 2x Daily Wheat ETF) are both Leveraged Commodities funds. DGP is passively managed, while WXET is actively managed. Over the past year, DGP returned 32.14% vs -16.72% for WXET. At a 0.02 correlation, their price movements are largely independent. DGP charges 0.75%/yr vs 0.95%/yr for WXET.

Performance

DGP vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DB Gold Double Long Exchange Traded Notes (DGP) 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, DGP achieves a -14.58% return, which is significantly lower than WXET's 20.90% return.

DGP

• 1D: -3.65%
• 1M: -17.84%
• YTD: -14.58%
• 6M: -21.57%
• 1Y: 32.14%
• 3Y*: 49.95%
• 5Y*: 29.64%
• 10Y*: 17.25%

WXET

• 1D: -3.02%
• 1M: -17.97%
• YTD: 20.90%
• 6M: 15.80%
• 1Y: -16.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGP vs. WXET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DGP DB Gold Double Long Exchange Traded Notes	-14.58%	141.40%	-2.97%
WXET Teucrium 2x Daily Wheat ETF	20.90%	-37.99%	-0.40%

Correlation

The correlation between DGP and WXET is -0.03, 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	-0.03
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.02

Return for Risk

DGP vs. WXET — Risk / Return Rank

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

DGP

DGP Risk / Return Rank: 19
DGP Sharpe Ratio Rank: 18
DGP Sortino Ratio Rank: 20
DGP Omega Ratio Rank: 22
DGP Calmar Ratio Rank: 18
DGP Martin Ratio Rank: 18

WXET

WXET Risk / Return Rank: 6
WXET Sharpe Ratio Rank: 6
WXET Sortino Ratio Rank: 6
WXET Omega Ratio Rank: 7
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.

DGP vs. WXET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) 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.

	DGP	WXET	Difference
Sharpe ratio: Return per unit of total volatility	0.59	-0.35	+0.94
Sortino ratio: Return per unit of downside risk	1.09	-0.21	+1.30
Omega ratio: Gain probability vs. loss probability	1.15	0.98	+0.17
Calmar ratio: Return relative to maximum drawdown	0.73	-0.56	+1.30
Martin ratio: Return relative to average drawdown	1.93	-0.90	+2.83

DGP vs. WXET - Sharpe Ratio Comparison

The current DGP Sharpe Ratio is 0.59, which is higher than the WXET Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of DGP 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

DGP vs. WXET - Drawdown Comparison

The maximum DGP drawdown since its inception was -75.31%, which is greater than WXET's maximum drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for DGP and WXET.

Drawdown Indicators

	DGP	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-75.31%	-48.31%	-27.00%
Max Drawdown (1Y) Largest decline over 1 year	-43.98%	-29.75%	-14.23%
Max Drawdown (3Y) Largest decline over 3 years	-43.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.24%	—	—
Current Drawdown Current decline from peak	-43.16%	-37.50%	-5.66%
Average Drawdown Average peak-to-trough decline	-41.08%	-30.63%	-10.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.71%	19.81%	-3.10%

Volatility

DGP vs. WXET - Volatility Comparison

DB Gold Double Long Exchange Traded Notes (DGP) has a higher volatility of 17.11% compared to Teucrium 2x Daily Wheat ETF (WXET) at 11.84%. This indicates that DGP'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

	DGP	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.11%	11.84%	+5.27%
Volatility (6M) Calculated over the trailing 6-month period	48.95%	39.84%	+9.11%
Volatility (1Y) Calculated over the trailing 1-year period	54.67%	48.74%	+5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.27%	48.12%	-8.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.31%	48.12%	-12.81%

DGP vs. WXET - Expense Ratio Comparison

DGP has a 0.75% expense ratio, which is lower than WXET's 0.95% expense ratio.

Dividends

DGP vs. WXET - Dividend Comparison

DGP has not paid dividends to shareholders, while WXET's dividend yield for the trailing twelve months is around 2.08%.

Position	TTM	2025	2024
DGP DB Gold Double Long Exchange Traded Notes	0.00%	0.00%	0.00%
WXET Teucrium 2x Daily Wheat ETF	2.08%	3.57%	0.13%

Frequently Asked Questions

Can I hold both DGP and WXET in my portfolio?

DGP and WXET have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGP or WXET?

DGP has higher volatility (17.11%) compared to WXET (11.84%). In terms of maximum drawdown, DGP dropped -75.31% vs WXET's -48.31%.

Which ETF is better, DGP or WXET?

On 1-year performance, DGP leads with 32.14% vs -16.72% for WXET. On fees, DGP is cheaper at 0.75% per year. On volatility, WXET has been the lower-risk option at 11.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGP or WXET?

Over the 1-year period, DGP has performed better with a 32.14% return vs -16.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGP or WXET?

DGP is cheaper with a 0.75% expense ratio, compared with 0.95% for WXET.

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

WXET has the higher dividend yield at 2.08%, compared with 0.00% for DGP.

What is the main difference between DGP and WXET?

They also come from different issuers: Deutsche Bank and Teucrium. Their fees differ too: 0.75% for DGP and 0.95% for WXET.

Which has better risk-adjusted returns?

DGP currently has the higher Sharpe Ratio (0.59 vs -0.35), 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.