WEAT vs. CXRN

Last updated Jun 5, 2026

WEAT (Teucrium Wheat Fund) and CXRN (Teucrium 2x Daily Corn ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while CXRN is a Leveraged Commodities fund actively managed by Teucrium. WEAT is passively managed, while CXRN is actively managed. Over the past year, WEAT returned -2.52% vs -25.61% for CXRN. A 0.63 correlation means they provide meaningful diversification when combined. WEAT charges 1.91%/yr vs 0.95%/yr for CXRN.

Performance

WEAT vs. CXRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Wheat Fund (WEAT) and Teucrium 2x Daily Corn ETF (CXRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEAT achieves a 12.52% return, which is significantly higher than CXRN's -16.09% return.

WEAT

• 1D: -0.88%
• 1M: -5.39%
• YTD: 12.52%
• 6M: 7.67%
• 1Y: -2.52%
• 3Y*: -10.84%
• 5Y*: -8.11%
• 10Y*: -7.13%

CXRN

• 1D: -3.08%
• 1M: -22.43%
• YTD: -16.09%
• 6M: -18.12%
• 1Y: -25.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEAT vs. CXRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEAT Teucrium Wheat Fund	12.52%	-17.14%	0.00%
CXRN Teucrium 2x Daily Corn ETF	-16.09%	-25.68%	7.40%

Correlation

The correlation between WEAT and CXRN is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.63

The correlation between WEAT and CXRN has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.

Return for Risk

WEAT vs. CXRN — Risk / Return Rank

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

WEAT

WEAT Risk / Return Rank: 8
WEAT Sharpe Ratio Rank: 8
WEAT Sortino Ratio Rank: 8
WEAT Omega Ratio Rank: 8
WEAT Calmar Ratio Rank: 8
WEAT Martin Ratio Rank: 8

CXRN

CXRN Risk / Return Rank: 2
CXRN Sharpe Ratio Rank: 3
CXRN Sortino Ratio Rank: 4
CXRN Omega Ratio Rank: 4
CXRN Calmar Ratio Rank: 1
CXRN Martin Ratio Rank: 0

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.

WEAT vs. CXRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Teucrium 2x Daily Corn ETF (CXRN). 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.

	WEAT	CXRN	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	-0.71	+0.59
Sortino ratio: Return per unit of downside risk	-0.00	-0.83	+0.83
Omega ratio: Gain probability vs. loss probability	1.00	0.90	+0.10
Calmar ratio: Return relative to maximum drawdown	-0.14	-0.96	+0.82
Martin ratio: Return relative to average drawdown	-0.22	-1.82	+1.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEAT vs. CXRN - Sharpe Ratio Comparison

The current WEAT Sharpe Ratio is -0.11, which is higher than the CXRN Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of WEAT and CXRN, 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

	WEAT	CXRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	-0.71	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.65	+0.24

Drawdowns

WEAT vs. CXRN - Drawdown Comparison

The maximum WEAT drawdown since its inception was -84.32%, which is greater than CXRN's maximum drawdown of -47.82%. Use the drawdown chart below to compare losses from any high point for WEAT and CXRN.

Drawdown Indicators

	WEAT	CXRN	Difference
Max Drawdown Largest peak-to-trough decline	-84.32%	-47.82%	-36.50%
Max Drawdown (1Y) Largest decline over 1 year	-17.85%	-26.83%	+8.98%
Max Drawdown (3Y) Largest decline over 3 years	-46.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.83%	—	—
Current Drawdown Current decline from peak	-82.27%	-47.82%	-34.45%
Average Drawdown Average peak-to-trough decline	-63.13%	-30.13%	-33.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.32%	14.07%	-2.75%

Volatility

WEAT vs. CXRN - Volatility Comparison

The current volatility for Teucrium Wheat Fund (WEAT) is 9.88%, while Teucrium 2x Daily Corn ETF (CXRN) has a volatility of 15.47%. This indicates that WEAT experiences smaller price fluctuations and is considered to be less risky than CXRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEAT	CXRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.88%	15.47%	-5.59%
Volatility (6M) Calculated over the trailing 6-month period	18.06%	26.83%	-8.77%
Volatility (1Y) Calculated over the trailing 1-year period	22.64%	36.45%	-13.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.50%	36.94%	-6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.80%	36.94%	-10.14%

WEAT vs. CXRN - Expense Ratio Comparison

WEAT has a 1.91% expense ratio, which is higher than CXRN's 0.95% expense ratio.

Dividends

WEAT vs. CXRN - Dividend Comparison

WEAT has not paid dividends to shareholders, while CXRN's dividend yield for the trailing twelve months is around 2.69%.

Position	TTM	2025	2024
CXRN Teucrium 2x Daily Corn ETF	2.69%	3.30%	0.13%
WEAT Teucrium Wheat Fund	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEAT and CXRN in my portfolio?

WEAT and CXRN have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEAT or CXRN?

CXRN has higher volatility (15.47%) compared to WEAT (9.88%). In terms of maximum drawdown, WEAT dropped -84.32% vs CXRN's -47.82%.

Which ETF is better, WEAT or CXRN?

On 1-year performance, WEAT leads with -2.52% vs -25.61% for CXRN. On fees, CXRN is cheaper at 0.95% per year. On volatility, WEAT has been the lower-risk option at 9.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEAT or CXRN?

Over the 1-year period, WEAT has performed better with a -2.52% return vs -25.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEAT or CXRN?

CXRN is cheaper with a 0.95% expense ratio, compared with 1.91% for WEAT.

Which ETF pays a higher dividend yield, WEAT or CXRN?

CXRN has the higher dividend yield at 2.69%, compared with 0.00% for WEAT.

What is the main difference between WEAT and CXRN?

WEAT is categorized as Agricultural Commodities, while CXRN is Leveraged Commodities. Their fees differ too: 1.91% for WEAT and 0.95% for CXRN.

Which has better risk-adjusted returns?

WEAT currently has the higher Sharpe Ratio (-0.11 vs -0.70), 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.