GLCR vs. WXET
GLCR (GlacierShares Nasdaq Iceland ETF) and WXET (Teucrium 2x Daily Wheat ETF) are both exchange-traded funds - GLCR is a Europe Equities fund tracking the MarketVector Iceland Global Total Return Net Index, while WXET is a Leveraged Commodities fund actively managed by Teucrium. GLCR is passively managed, while WXET is actively managed. Over the past year, GLCR returned -2.26% vs 13.99% for WXET. Their -0.04 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
GLCR vs. WXET - Performance Comparison
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Returns By Period
In the year-to-date period, GLCR achieves a -7.56% return, which is significantly lower than WXET's 36.38% return.
GLCR
- 1D
- 0.66%
- 1M
- 4.47%
- 6M
- -13.43%
- YTD
- -7.56%
- 1Y
- -2.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.63%
WXET
- 1D
- -7.53%
- 1M
- 12.13%
- 6M
- 20.77%
- YTD
- 36.38%
- 1Y
- 13.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.24K | $7.31K | $15.41K | |
| $349.23K | $373.64K | $493.96K |
GLCR vs. WXET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLCR GlacierShares Nasdaq Iceland ETF | -7.56% | 7.26% |
WXET Teucrium 2x Daily Wheat ETF | 36.38% | -30.70% |
Correlation
The correlation between GLCR and WXET is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.04 |
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Return for Risk
GLCR vs. WXET — Risk / Return Rank
GLCR
WXET
GLCR vs. WXET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GlacierShares Nasdaq Iceland ETF (GLCR) 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.
| GLCR | WXET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.36 | -0.47 |
| Martin ratioReturn relative to average drawdown | -0.24 | 0.84 | -1.08 |
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Drawdowns
GLCR vs. WXET - Drawdown Comparison
The maximum GLCR drawdown since its inception was -19.29%, smaller than the maximum WXET drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for GLCR and WXET.
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Drawdown Indicators
| GLCR | WXET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.29% | -48.31% | +29.02% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -30.76% | +11.47% |
Current DrawdownCurrent decline from peak | -14.07% | -29.50% | +15.43% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -30.49% | +24.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 13.29% | -4.08% |
Volatility
GLCR vs. WXET - Volatility Comparison
The current volatility for GlacierShares Nasdaq Iceland ETF (GLCR) is 2.80%, while Teucrium 2x Daily Wheat ETF (WXET) has a volatility of 21.37%. This indicates that GLCR experiences smaller price fluctuations and is considered to be less risky than WXET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLCR | WXET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 21.37% | -18.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 44.27% | -31.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 51.52% | -34.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 49.83% | -31.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 49.83% | -31.77% |
GLCR vs. WXET - Expense Ratio Comparison
Both GLCR and WXET have an expense ratio of 0.95%.
Dividends
GLCR vs. WXET - Dividend Comparison
GLCR's dividend yield for the trailing twelve months is around 1.05%, less than WXET's 1.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLCR GlacierShares Nasdaq Iceland ETF | 1.05% | 0.97% | 0.00% |
WXET Teucrium 2x Daily Wheat ETF | 1.74% | 3.57% | 0.13% |
Frequently Asked Questions
GLCR 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.
WXET has higher volatility (21.37%) compared to GLCR (2.80%). In terms of maximum drawdown, GLCR dropped -19.29% vs WXET's -48.31%.
On 1-year performance, WXET leads with 13.99% vs -2.26% for GLCR. Both ETFs have the same 0.95% expense ratio. On volatility, GLCR has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WXET has performed better with a 13.99% return vs -2.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLCR and WXET have the same expense ratio: 0.95% per year.
WXET has the higher dividend yield at 1.74%, compared with 1.05% for GLCR.
GLCR is categorized as Europe Equities, while WXET is Leveraged Commodities.
WXET currently has the higher Sharpe Ratio (0.21 vs -0.13), 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.
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