UPLT vs. WXET
UPLT (ProShares Ultra Platinum K-1 Free ETF) and WXET (Teucrium 2x Daily Wheat ETF) are both Leveraged Commodities funds. Both are actively managed. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
UPLT vs. WXET - Performance Comparison
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Returns By Period
UPLT
- 1D
- -5.97%
- 1M
- -34.63%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WXET
- 1D
- -3.58%
- 1M
- -13.84%
- YTD
- 12.98%
- 6M
- 10.26%
- 1Y
- -13.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPLT vs. WXET - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UPLT ProShares Ultra Platinum K-1 Free ETF | -46.55% |
WXET Teucrium 2x Daily Wheat ETF | -13.44% |
Correlation
The correlation between UPLT and WXET is -0.06, 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 (All Time) Calculated using the full available price history since Apr 21, 2026 | -0.06 |
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Return for Risk
UPLT vs. WXET — Risk / Return Rank
UPLT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WXET
UPLT vs. WXET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Platinum K-1 Free ETF (UPLT) 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.
| UPLT | WXET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.99 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.45 | — |
| Martin ratioReturn relative to average drawdown | — | -0.73 | — |
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Drawdowns
UPLT vs. WXET - Drawdown Comparison
The maximum UPLT drawdown since its inception was -48.98%, roughly equal to the maximum WXET drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for UPLT and WXET.
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Drawdown Indicators
| UPLT | WXET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -48.31% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -30.76% | — |
Current DrawdownCurrent decline from peak | -48.53% | -41.60% | -6.93% |
Average DrawdownAverage peak-to-trough decline | -22.26% | -30.72% | +8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.89% | — |
Volatility
UPLT vs. WXET - Volatility Comparison
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Volatility by Period
| UPLT | WXET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 40.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 82.73% | 48.43% | +34.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.73% | 48.09% | +34.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.73% | 48.09% | +34.64% |
UPLT vs. WXET - Expense Ratio Comparison
Both UPLT and WXET have an expense ratio of 0.95%.
Dividends
UPLT vs. WXET - Dividend Comparison
UPLT's dividend yield for the trailing twelve months is around 0.29%, less than WXET's 2.14% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
UPLT ProShares Ultra Platinum K-1 Free ETF | 0.29% | 0.00% | 0.00% |
WXET Teucrium 2x Daily Wheat ETF | 2.14% | 3.57% | 0.13% |
Frequently Asked Questions
UPLT 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.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UPLT and WXET have the same expense ratio: 0.95% per year.
WXET has the higher dividend yield at 2.14%, compared with 0.29% for UPLT.
They also come from different issuers: ProShares and Teucrium.
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