KOLD vs. WXET
KOLD (ProShares UltraShort Bloomberg Natural Gas) and WXET (Teucrium 2x Daily Wheat ETF) are both exchange-traded funds - KOLD is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex, while WXET is a Leveraged Commodities fund actively managed by Teucrium. KOLD is passively managed, while WXET is actively managed. Over the past year, KOLD returned -4.80% vs 13.99% for WXET. Their -0.14 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
KOLD vs. WXET - Performance Comparison
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Returns By Period
In the year-to-date period, KOLD achieves a -16.81% return, which is significantly lower than WXET's 36.38% return.
KOLD
- 1D
- -1.11%
- 1M
- 25.17%
- 6M
- 116.05%
- YTD
- -16.81%
- 1Y
- -4.80%
- 3Y*
- -1.53%
- 5Y*
- -30.36%
- 10Y*
- -22.29%
- ALL TIME*
- -11.66%
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) |
|---|---|---|---|
| $57.12M | $61.92M | $74.91M | |
| $349.23K | $373.64K | $493.96K |
KOLD vs. WXET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KOLD ProShares UltraShort Bloomberg Natural Gas | -16.81% | -17.48% | -24.95% |
WXET Teucrium 2x Daily Wheat ETF | 36.38% | -37.99% | -0.40% |
Correlation
The correlation between KOLD and WXET is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.14 |
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Return for Risk
KOLD vs. WXET — Risk / Return Rank
KOLD
WXET
KOLD vs. WXET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) 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.
| KOLD | WXET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.36 | -0.43 |
| Martin ratioReturn relative to average drawdown | -0.12 | 0.84 | -0.97 |
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Drawdowns
KOLD vs. WXET - Drawdown Comparison
The maximum KOLD drawdown since its inception was -99.45%, which is greater than WXET's maximum drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for KOLD and WXET.
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Drawdown Indicators
| KOLD | WXET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.45% | -48.31% | -51.14% |
Max Drawdown (1Y)Largest decline over 1 year | -72.50% | -30.76% | -41.74% |
Max Drawdown (3Y)Largest decline over 3 years | -84.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.45% | — | — |
Current DrawdownCurrent decline from peak | -96.60% | -29.50% | -67.10% |
Average DrawdownAverage peak-to-trough decline | -69.77% | -30.49% | -39.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.92% | 13.29% | +27.63% |
Volatility
KOLD vs. WXET - Volatility Comparison
The current volatility for ProShares UltraShort Bloomberg Natural Gas (KOLD) is 17.96%, while Teucrium 2x Daily Wheat ETF (WXET) has a volatility of 21.37%. This indicates that KOLD 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
| KOLD | WXET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.96% | 21.37% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 71.96% | 44.27% | +27.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.38% | 51.52% | +58.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.81% | 49.83% | +68.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.60% | 49.83% | +51.77% |
KOLD vs. WXET - Expense Ratio Comparison
Both KOLD and WXET have an expense ratio of 0.95%.
Dividends
KOLD vs. WXET - Dividend Comparison
KOLD has not paid dividends to shareholders, while WXET's dividend yield for the trailing twelve months is around 1.74%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KOLD ProShares UltraShort Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% |
WXET Teucrium 2x Daily Wheat ETF | 1.74% | 3.57% | 0.13% |
Frequently Asked Questions
KOLD and WXET have a correlation of -0.12, 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 KOLD (17.96%). In terms of maximum drawdown, KOLD dropped -99.45% vs WXET's -48.31%.
On 1-year performance, WXET leads with 13.99% vs -4.80% for KOLD. Both ETFs have the same 0.95% expense ratio. On volatility, KOLD has been the lower-risk option at 17.96%. 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 -4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KOLD and WXET have the same expense ratio: 0.95% per year.
WXET has the higher dividend yield at 1.74%, compared with 0.00% for KOLD.
KOLD is categorized as Oil & Gas, while WXET is Leveraged Commodities. They also come from different issuers: ProShares and Teucrium.
WXET currently has the higher Sharpe Ratio (0.21 vs -0.05), 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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