GLCR vs. WXET

Last updated Jun 4, 2026

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 -7.32% vs -11.24% for WXET. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

GLCR vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GlacierShares Nasdaq Iceland ETF (GLCR) 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, GLCR achieves a -10.49% return, which is significantly lower than WXET's 21.04% return.

GLCR

• 1D: -0.67%
• 1M: -9.07%
• YTD: -10.49%
• 6M: -3.88%
• 1Y: -7.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

GLCR vs. WXET - Yearly Performance Comparison

	2026 (YTD)	2025
GLCR GlacierShares Nasdaq Iceland ETF	-10.49%	8.04%
WXET Teucrium 2x Daily Wheat ETF	21.04%	-29.62%

Correlation

The correlation between GLCR and WXET is -0.07, 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	-0.07
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	-0.05

Return for Risk

GLCR vs. WXET — Risk / Return Rank

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

GLCR

GLCR Risk / Return Rank: 5
GLCR Sharpe Ratio Rank: 5
GLCR Sortino Ratio Rank: 5
GLCR Omega Ratio Rank: 5
GLCR Calmar Ratio Rank: 5
GLCR Martin Ratio Rank: 3

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.

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.

	GLCR	WXET	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	-0.23	-0.22
Sortino ratio: Return per unit of downside risk	-0.50	0.01	-0.51
Omega ratio: Gain probability vs. loss probability	0.94	1.00	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.44	-0.32	-0.12
Martin ratio: Return relative to average drawdown	-1.22	-0.48	-0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLCR vs. WXET - Sharpe Ratio Comparison

The current GLCR Sharpe Ratio is -0.45, which is lower than the WXET Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of GLCR 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

	GLCR	WXET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	-0.23	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	-0.37	+0.22

Drawdowns

GLCR vs. WXET - Drawdown Comparison

The maximum GLCR drawdown since its inception was -16.79%, 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.

Drawdown Indicators

	GLCR	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-16.79%	-48.31%	+31.52%
Max Drawdown (1Y) Largest decline over 1 year	-16.79%	-35.64%	+18.85%
Current Drawdown Current decline from peak	-16.79%	-37.43%	+20.64%
Average Drawdown Average peak-to-trough decline	-4.54%	-30.50%	+25.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	23.40%	-17.38%

Volatility

GLCR vs. WXET - Volatility Comparison

The current volatility for GlacierShares Nasdaq Iceland ETF (GLCR) is 7.93%, while Teucrium 2x Daily Wheat ETF (WXET) has a volatility of 22.01%. 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.

Volatility by Period

	GLCR	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	22.01%	-14.08%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	39.70%	-26.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	50.13%	-33.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	48.57%	-29.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	48.57%	-29.95%

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 1.08%, less than WXET's 2.08% yield.

Position	TTM	2025	2024
GLCR GlacierShares Nasdaq Iceland ETF	1.08%	0.97%	0.00%
WXET Teucrium 2x Daily Wheat ETF	2.08%	3.57%	0.13%

Frequently Asked Questions

Can I hold both GLCR and WXET in my portfolio?

GLCR and WXET have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLCR or WXET?

WXET has higher volatility (22.01%) compared to GLCR (7.93%). In terms of maximum drawdown, GLCR dropped -16.79% vs WXET's -48.31%.

Which ETF is better, GLCR or WXET?

On 1-year performance, GLCR leads with -7.32% vs -11.24% for WXET. Both ETFs have the same 0.95% expense ratio. On volatility, GLCR has been the lower-risk option at 7.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLCR or WXET?

Over the 1-year period, GLCR has performed better with a -7.32% return vs -11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLCR or WXET?

GLCR and WXET have the same expense ratio: 0.95% per year.

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

WXET has the higher dividend yield at 2.08%, compared with 1.08% for GLCR.

What is the main difference between GLCR and WXET?

GLCR is categorized as Europe Equities, while WXET is Leveraged Commodities.

Which has better risk-adjusted returns?

WXET currently has the higher Sharpe Ratio (-0.23 vs -0.45), 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.