SOYB vs. WXET

Last updated Jun 4, 2026

SOYB (Teucrium Soybean Fund) and WXET (Teucrium 2x Daily Wheat ETF) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while WXET is a Leveraged Commodities fund actively managed by Teucrium. SOYB is passively managed, while WXET is actively managed. Over the past year, SOYB returned 14.47% vs -11.24% for WXET. At a 0.48 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.95%/yr for WXET.

Performance

SOYB vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Soybean Fund (SOYB) 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, SOYB achieves a 12.90% return, which is significantly lower than WXET's 21.04% return.

SOYB

• 1D: -1.00%
• 1M: -2.14%
• YTD: 12.90%
• 6M: 6.01%
• 1Y: 14.47%
• 3Y*: -0.07%
• 5Y*: 0.26%
• 10Y*: 1.86%

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)

SOYB vs. WXET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOYB Teucrium Soybean Fund	12.90%	1.77%	1.87%
WXET Teucrium 2x Daily Wheat ETF	21.04%	-37.99%	-0.40%

Correlation

The correlation between SOYB and WXET is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.48

The correlation between SOYB and WXET has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

Return for Risk

SOYB vs. WXET — Risk / Return Rank

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

SOYB

SOYB Risk / Return Rank: 30
SOYB Sharpe Ratio Rank: 30
SOYB Sortino Ratio Rank: 30
SOYB Omega Ratio Rank: 29
SOYB Calmar Ratio Rank: 33
SOYB Martin Ratio Rank: 28

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.

SOYB vs. WXET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) 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.

	SOYB	WXET	Difference
Sharpe ratio: Return per unit of total volatility	1.11	-0.23	+1.34
Sortino ratio: Return per unit of downside risk	1.65	0.01	+1.63
Omega ratio: Gain probability vs. loss probability	1.20	1.00	+0.20
Calmar ratio: Return relative to maximum drawdown	1.65	-0.32	+1.97
Martin ratio: Return relative to average drawdown	4.06	-0.48	+4.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOYB vs. WXET - Sharpe Ratio Comparison

The current SOYB Sharpe Ratio is 1.11, which is higher than the WXET Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of SOYB 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

	SOYB	WXET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	-0.23	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.37	+0.38

Drawdowns

SOYB vs. WXET - Drawdown Comparison

The maximum SOYB drawdown since its inception was -53.76%, which is greater than WXET's maximum drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for SOYB and WXET.

Drawdown Indicators

	SOYB	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-53.76%	-48.31%	-5.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-35.64%	+26.86%
Max Drawdown (3Y) Largest decline over 3 years	-31.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.28%	—	—
Current Drawdown Current decline from peak	-15.80%	-37.43%	+21.63%
Average Drawdown Average peak-to-trough decline	-25.76%	-30.50%	+4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	23.40%	-19.83%

Volatility

SOYB vs. WXET - Volatility Comparison

The current volatility for Teucrium Soybean Fund (SOYB) is 4.05%, while Teucrium 2x Daily Wheat ETF (WXET) has a volatility of 22.01%. This indicates that SOYB 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

	SOYB	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	22.01%	-17.96%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	39.70%	-30.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	50.13%	-37.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	48.57%	-30.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	48.57%	-31.59%

SOYB vs. WXET - Expense Ratio Comparison

SOYB has a 1.88% expense ratio, which is higher than WXET's 0.95% expense ratio.

Dividends

SOYB vs. WXET - Dividend Comparison

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

Position	TTM	2025	2024
SOYB Teucrium Soybean Fund	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 SOYB and WXET in my portfolio?

SOYB and WXET have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOYB or WXET?

WXET has higher volatility (22.01%) compared to SOYB (4.05%). In terms of maximum drawdown, SOYB dropped -53.76% vs WXET's -48.31%.

Which ETF is better, SOYB or WXET?

On 1-year performance, SOYB leads with 14.47% vs -11.24% for WXET. On fees, WXET is cheaper at 0.95% per year. On volatility, SOYB has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOYB or WXET?

Over the 1-year period, SOYB has performed better with a 14.47% return vs -11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOYB or WXET?

WXET is cheaper with a 0.95% expense ratio, compared with 1.88% for SOYB.

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

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

What is the main difference between SOYB and WXET?

SOYB is categorized as Agricultural Commodities, while WXET is Leveraged Commodities. Their fees differ too: 1.88% for SOYB and 0.95% for WXET.

Which has better risk-adjusted returns?

SOYB currently has the higher Sharpe Ratio (1.11 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.