OILU vs. WXET

Last updated Jun 24, 2026

OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and WXET (Teucrium 2x Daily Wheat ETF) are both Leveraged Commodities funds. Over the past year, OILU returned 54.07% vs -16.72% for WXET. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

OILU vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) 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, OILU achieves a 53.67% return, which is significantly higher than WXET's 20.90% return.

OILU

• 1D: 1.46%
• 1M: -25.16%
• YTD: 53.67%
• 6M: 54.81%
• 1Y: 54.07%
• 3Y*: 4.85%
• 5Y*: —
• 10Y*: —

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)

OILU vs. WXET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	53.67%	-16.50%	-10.60%
WXET Teucrium 2x Daily Wheat ETF	20.90%	-37.99%	-0.40%

Correlation

The correlation between OILU and WXET is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.16

Return for Risk

OILU vs. WXET — Risk / Return Rank

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

OILU

OILU Risk / Return Rank: 26
OILU Sharpe Ratio Rank: 25
OILU Sortino Ratio Rank: 27
OILU Omega Ratio Rank: 25
OILU Calmar Ratio Rank: 26
OILU Martin Ratio Rank: 27

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.

OILU vs. WXET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) 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.

	OILU	WXET	Difference
Sharpe ratio: Return per unit of total volatility	0.86	-0.35	+1.21
Sortino ratio: Return per unit of downside risk	1.42	-0.21	+1.63
Omega ratio: Gain probability vs. loss probability	1.17	0.98	+0.19
Calmar ratio: Return relative to maximum drawdown	1.24	-0.56	+1.81
Martin ratio: Return relative to average drawdown	3.58	-0.90	+4.48

OILU vs. WXET - Sharpe Ratio Comparison

The current OILU Sharpe Ratio is 0.86, which is higher than the WXET Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of OILU 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

OILU vs. WXET - Drawdown Comparison

The maximum OILU drawdown since its inception was -81.00%, which is greater than WXET's maximum drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for OILU and WXET.

Drawdown Indicators

	OILU	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-81.00%	-48.31%	-32.69%
Max Drawdown (1Y) Largest decline over 1 year	-43.74%	-29.75%	-13.99%
Max Drawdown (3Y) Largest decline over 3 years	-69.09%	—	—
Current Drawdown Current decline from peak	-58.67%	-37.50%	-21.17%
Average Drawdown Average peak-to-trough decline	-50.58%	-30.63%	-19.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.16%	19.81%	-4.65%

Volatility

OILU vs. WXET - Volatility Comparison

MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 21.87% compared to Teucrium 2x Daily Wheat ETF (WXET) at 11.84%. This indicates that OILU'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

	OILU	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.87%	11.84%	+10.03%
Volatility (6M) Calculated over the trailing 6-month period	50.75%	39.84%	+10.91%
Volatility (1Y) Calculated over the trailing 1-year period	63.57%	48.74%	+14.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.10%	48.12%	+32.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.10%	48.12%	+32.98%

OILU vs. WXET - Expense Ratio Comparison

Both OILU and WXET have an expense ratio of 0.95%.

Dividends

OILU vs. WXET - Dividend Comparison

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

Position	TTM	2025	2024
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	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 OILU and WXET in my portfolio?

OILU and WXET have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILU or WXET?

OILU has higher volatility (21.87%) compared to WXET (11.84%). In terms of maximum drawdown, OILU dropped -81.00% vs WXET's -48.31%.

Which ETF is better, OILU or WXET?

On 1-year performance, OILU leads with 54.07% vs -16.72% for WXET. Both ETFs have the same 0.95% expense ratio. 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, OILU or WXET?

Over the 1-year period, OILU has performed better with a 54.07% return vs -16.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILU or WXET?

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

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

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

What is the main difference between OILU and WXET?

They also come from different issuers: BMO and Teucrium.

Which has better risk-adjusted returns?

OILU currently has the higher Sharpe Ratio (0.86 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.