WEAT vs. WXET

Last updated Jun 4, 2026

WEAT (Teucrium Wheat Fund) and WXET (Teucrium 2x Daily Wheat ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while WXET is a Leveraged Commodities fund actively managed by Teucrium. WEAT is passively managed, while WXET is actively managed. Over the past year, WEAT returned -0.35% vs -11.24% for WXET. With a 0.98 correlation, they move nearly in lockstep. WEAT charges 1.91%/yr vs 0.95%/yr for WXET.

Performance

WEAT vs. WXET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Wheat Fund (WEAT) 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, WEAT achieves a 13.52% return, which is significantly lower than WXET's 21.04% return.

WEAT

• 1D: -2.07%
• 1M: -6.32%
• YTD: 13.52%
• 6M: 8.73%
• 1Y: -0.35%
• 3Y*: -10.48%
• 5Y*: -7.95%
• 10Y*: -6.84%

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)

WEAT vs. WXET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEAT Teucrium Wheat Fund	13.52%	-17.14%	0.00%
WXET Teucrium 2x Daily Wheat ETF	21.04%	-37.99%	-0.40%

Correlation

The correlation between WEAT and WXET is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.98

The correlation between WEAT and WXET has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

WEAT vs. WXET — 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: 9
WEAT Sortino Ratio Rank: 8
WEAT Omega Ratio Rank: 8
WEAT Calmar Ratio Rank: 8
WEAT Martin Ratio Rank: 8

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.

WEAT vs. WXET - Risk-Adjusted Trends Comparison

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

	WEAT	WXET	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	-0.23	+0.21
Sortino ratio: Return per unit of downside risk	0.15	0.01	+0.14
Omega ratio: Gain probability vs. loss probability	1.02	1.00	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.02	-0.32	+0.30
Martin ratio: Return relative to average drawdown	-0.03	-0.48	+0.45
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. WXET - Sharpe Ratio Comparison

The current WEAT Sharpe Ratio is -0.02, which is higher than the WXET Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of WEAT 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

	WEAT	WXET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	-0.23	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.37	-0.04

Drawdowns

WEAT vs. WXET - Drawdown Comparison

The maximum WEAT drawdown since its inception was -84.32%, which is greater than WXET's maximum drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for WEAT and WXET.

Drawdown Indicators

	WEAT	WXET	Difference
Max Drawdown Largest peak-to-trough decline	-84.32%	-48.31%	-36.01%
Max Drawdown (1Y) Largest decline over 1 year	-17.85%	-35.64%	+17.79%
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	-82.12%	-37.43%	-44.69%
Average Drawdown Average peak-to-trough decline	-63.12%	-30.50%	-32.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.29%	23.40%	-12.11%

Volatility

WEAT vs. WXET - Volatility Comparison

The current volatility for Teucrium Wheat Fund (WEAT) is 10.00%, while Teucrium 2x Daily Wheat ETF (WXET) has a volatility of 22.01%. This indicates that WEAT 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

	WEAT	WXET	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.00%	22.01%	-12.01%
Volatility (6M) Calculated over the trailing 6-month period	18.05%	39.70%	-21.65%
Volatility (1Y) Calculated over the trailing 1-year period	22.62%	50.13%	-27.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.51%	48.57%	-18.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.80%	48.57%	-21.77%

WEAT vs. WXET - Expense Ratio Comparison

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

Dividends

WEAT vs. WXET - Dividend Comparison

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

Position	TTM	2025	2024
WEAT Teucrium Wheat 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 WEAT and WXET in my portfolio?

With a correlation of 0.98, WEAT and WXET move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WEAT or WXET?

WXET has higher volatility (22.01%) compared to WEAT (10.00%). In terms of maximum drawdown, WEAT dropped -84.32% vs WXET's -48.31%.

Which ETF is better, WEAT or WXET?

On 1-year performance, WEAT leads with -0.35% vs -11.24% for WXET. On fees, WXET is cheaper at 0.95% per year. On volatility, WEAT has been the lower-risk option at 10.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEAT or WXET?

Over the 1-year period, WEAT has performed better with a -0.35% return vs -11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEAT or WXET?

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

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

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

What is the main difference between WEAT and WXET?

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

Which has better risk-adjusted returns?

WEAT currently has the higher Sharpe Ratio (-0.02 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.