DZZ vs. WXET

Last updated Jun 4, 2026

DZZ (DB Gold Double Short Exchange Traded Notes) and WXET (Teucrium 2x Daily Wheat ETF) are both Leveraged Commodities funds. DZZ is passively managed, while WXET is actively managed. Over the past year, DZZ returned 11.20% vs -11.24% for WXET. At a 0.08 correlation, their price movements are largely independent. DZZ charges 0.75%/yr vs 0.95%/yr for WXET.

Performance

DZZ vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DB Gold Double Short Exchange Traded Notes (DZZ) 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, DZZ achieves a -48.31% return, which is significantly lower than WXET's 21.04% return.

DZZ

• 1D: 1.45%
• 1M: -16.65%
• YTD: -48.31%
• 6M: -41.62%
• 1Y: 11.20%
• 3Y*: -6.90%
• 5Y*: -4.82%
• 10Y*: -10.52%

WXET

• 1D: -5.28%
• 1M: -17.12%
• YTD: 21.04%
• 6M: 7.24%
• 1Y: -11.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DZZ vs. WXET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DZZ DB Gold Double Short Exchange Traded Notes	-48.31%	132.78%	-4.92%
WXET Teucrium 2x Daily Wheat ETF	21.04%	-37.99%	-0.40%

Correlation

The correlation between DZZ and WXET is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.08

Return for Risk

DZZ vs. WXET — Risk / Return Rank

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

DZZ

DZZ Risk / Return Rank: 19
DZZ Sharpe Ratio Rank: 9
DZZ Sortino Ratio Rank: 31
DZZ Omega Ratio Rank: 33
DZZ Calmar Ratio Rank: 10
DZZ Martin Ratio Rank: 10

WXET

WXET Risk / Return Rank: 7
WXET Sharpe Ratio Rank: 7
WXET Sortino Ratio Rank: 8
WXET Omega Ratio Rank: 8
WXET Calmar Ratio Rank: 6
WXET Martin Ratio Rank: 7

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.

DZZ vs. WXET - Risk-Adjusted Trends Comparison

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

	DZZ	WXET	Difference
Sharpe ratio Return per unit of total volatility	0.07	-0.23	+0.29
Sortino ratio Return per unit of downside risk	1.69	0.01	+1.67
Omega ratio Gain probability vs. loss probability	1.22	1.00	+0.22
Calmar ratio Return relative to maximum drawdown	0.14	-0.32	+0.46
Martin ratio Return relative to average drawdown	0.21	-0.48	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DZZ vs. WXET - Sharpe Ratio Comparison

The current DZZ Sharpe Ratio is 0.07, which is higher than the WXET Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of DZZ 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.

Sharpe Ratios by Period

	DZZ	WXET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	-0.23	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	-0.37	+0.14

Drawdowns

DZZ vs. WXET - Drawdown Comparison

The maximum DZZ drawdown since its inception was -96.64%, which is greater than WXET's maximum drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for DZZ and WXET.

Drawdown Indicators

	DZZ	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-96.64%	-48.31%	-48.33%
Max Drawdown (1Y) Largest decline over 1 year	-80.84%	-35.64%	-45.20%
Max Drawdown (3Y) Largest decline over 3 years	-80.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.84%	—	—
Current Drawdown Current decline from peak	-95.16%	-37.43%	-57.73%
Average Drawdown Average peak-to-trough decline	-82.30%	-30.50%	-51.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.19%	23.40%	+29.79%

Volatility

DZZ vs. WXET - Volatility Comparison

DB Gold Double Short Exchange Traded Notes (DZZ) has a higher volatility of 30.21% compared to Teucrium 2x Daily Wheat ETF (WXET) at 22.01%. This indicates that DZZ'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

	DZZ	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.21%	22.01%	+8.20%
Volatility (6M) Calculated over the trailing 6-month period	59.65%	39.70%	+19.95%
Volatility (1Y) Calculated over the trailing 1-year period	169.45%	50.13%	+119.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.63%	48.57%	+35.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.05%	48.57%	+15.48%

DZZ vs. WXET - Expense Ratio Comparison

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

Dividends

DZZ vs. WXET - Dividend Comparison

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

Position	TTM	2025	2024
DZZ DB Gold Double Short 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 DZZ and WXET in my portfolio?

DZZ and WXET have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DZZ or WXET?

DZZ has higher volatility (30.21%) compared to WXET (22.01%). In terms of maximum drawdown, DZZ dropped -96.64% vs WXET's -48.31%.

Which ETF is better, DZZ or WXET?

On 1-year performance, DZZ leads with 11.20% vs -11.24% for WXET. On fees, DZZ is cheaper at 0.75% per year. On volatility, WXET has been the lower-risk option at 22.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DZZ or WXET?

Over the 1-year period, DZZ has performed better with a 11.20% return vs -11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DZZ or WXET?

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

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

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

What is the main difference between DZZ and WXET?

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

Which has better risk-adjusted returns?

DZZ currently has the higher Sharpe Ratio (0.07 vs -0.23), 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.