UPLT vs. WXET

Last updated Jul 21, 2026

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 0.10 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

UPLT vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Platinum K-1 Free ETF (UPLT) and Teucrium 2x Daily Wheat ETF (WXET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPLT

• 1D: -0.82%
• 1M: -14.41%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WXET

• 1D: -3.23%
• 1M: 19.60%
• 6M: 45.56%
• YTD: 52.30%
• 1Y: 13.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UPLT vs. WXET - Yearly Performance Comparison

	2026 (YTD)
UPLT ProShares Ultra Platinum K-1 Free ETF	-46.83%
WXET Teucrium 2x Daily Wheat ETF	16.69%

Correlation

The correlation between UPLT and WXET is 0.10, 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	0.10

Return for Risk

UPLT vs. WXET — Risk / Return Rank

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

UPLT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WXET

WXET Risk / Return Rank: 17
WXET Sharpe Ratio Rank: 15
WXET Sortino Ratio Rank: 20
WXET Omega Ratio Rank: 18
WXET Calmar Ratio Rank: 17
WXET Martin Ratio Rank: 16

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.

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 ratio: Return per unit of total volatility	—	0.28	—
Sortino ratio: Return per unit of downside risk	—	0.82	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.46	—
Martin ratio: Return relative to average drawdown	—	0.83	—

Drawdowns

UPLT vs. WXET - Drawdown Comparison

The maximum UPLT drawdown since its inception was -49.98%, 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.

Drawdown Indicators

	UPLT	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-49.98%	-48.31%	-1.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.76%	—
Current Drawdown Current decline from peak	-48.80%	-21.27%	-27.53%
Average Drawdown Average peak-to-trough decline	-27.83%	-30.68%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.78%	—

Volatility

Volatility by Period

	UPLT	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	78.62%	50.04%	+28.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.62%	49.10%	+29.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.62%	49.10%	+29.52%

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 1.58% 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	1.58%	3.57%	0.13%

Frequently Asked Questions

Can I hold both UPLT and WXET in my portfolio?

UPLT and WXET have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPLT or WXET?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPLT or WXET?

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

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

WXET has the higher dividend yield at 1.58%, compared with 0.29% for UPLT.

What is the main difference between UPLT and WXET?

They also come from different issuers: ProShares and Teucrium.