WXET vs. APRP

Last updated Jun 4, 2026

WXET (Teucrium 2x Daily Wheat ETF) and APRP (PGIM US Large-Cap Buffer 12 ETF - April) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while APRP is a Options Trading fund actively managed by PGIM. Both are actively managed. Over the past year, WXET returned -11.24% vs 17.90% for APRP. At a correlation of -0.06, they often move in opposite directions. WXET charges 0.95%/yr vs 0.50%/yr for APRP.

Performance

WXET vs. APRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Wheat ETF (WXET) and PGIM US Large-Cap Buffer 12 ETF - April (APRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WXET achieves a 21.04% return, which is significantly higher than APRP's 9.34% return.

WXET

• 1D: -5.28%
• 1M: -17.12%
• YTD: 21.04%
• 6M: 7.24%
• 1Y: -11.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRP

• 1D: -0.19%
• 1M: 1.87%
• YTD: 9.34%
• 6M: 10.32%
• 1Y: 17.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WXET vs. APRP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	21.04%	-37.99%	-0.40%
APRP PGIM US Large-Cap Buffer 12 ETF - April	9.34%	7.80%	-1.27%

Correlation

The correlation between WXET and APRP is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	-0.06

The correlation between WXET and APRP shifts across timeframes, from -0.20 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WXET vs. APRP — Risk / Return Rank

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

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

APRP

APRP Risk / Return Rank: 98
APRP Sharpe Ratio Rank: 96
APRP Sortino Ratio Rank: 98
APRP Omega Ratio Rank: 98
APRP Calmar Ratio Rank: 98
APRP Martin Ratio Rank: 98

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.

WXET vs. APRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and PGIM US Large-Cap Buffer 12 ETF - April (APRP). 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.

	WXET	APRP	Difference
Sharpe ratio Return per unit of total volatility	-0.23	4.15	-4.38
Sortino ratio Return per unit of downside risk	0.01	7.11	-7.09
Omega ratio Gain probability vs. loss probability	1.00	2.04	-1.04
Calmar ratio Return relative to maximum drawdown	-0.32	16.51	-16.83
Martin ratio Return relative to average drawdown	-0.48	73.52	-74.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WXET vs. APRP - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.23, which is lower than the APRP Sharpe Ratio of 4.15. The chart below compares the historical Sharpe Ratios of WXET and APRP, 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

	WXET	APRP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	4.15	-4.38
Sharpe Ratio (All Time) Calculated using the full available price history	-0.37	1.36	-1.73

Drawdowns

WXET vs. APRP - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, which is greater than APRP's maximum drawdown of -13.66%. Use the drawdown chart below to compare losses from any high point for WXET and APRP.

Drawdown Indicators

	WXET	APRP	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-13.66%	-34.65%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-1.09%	-34.55%
Current Drawdown Current decline from peak	-37.43%	-0.19%	-37.24%
Average Drawdown Average peak-to-trough decline	-30.50%	-1.23%	-29.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.40%	0.24%	+23.16%

Volatility

WXET vs. APRP - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 22.01% compared to PGIM US Large-Cap Buffer 12 ETF - April (APRP) at 1.16%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than APRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	APRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.01%	1.16%	+20.85%
Volatility (6M) Calculated over the trailing 6-month period	39.70%	3.37%	+36.33%
Volatility (1Y) Calculated over the trailing 1-year period	50.13%	4.33%	+45.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.57%	9.49%	+39.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.57%	9.49%	+39.08%

WXET vs. APRP - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is higher than APRP's 0.50% expense ratio.

Dividends

WXET vs. APRP - Dividend Comparison

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

Position	TTM	2025	2024
APRP PGIM US Large-Cap Buffer 12 ETF - April	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 WXET and APRP in my portfolio?

WXET and APRP have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WXET or APRP?

WXET has higher volatility (22.01%) compared to APRP (1.16%). In terms of maximum drawdown, WXET dropped -48.31% vs APRP's -13.66%.

Which ETF is better, WXET or APRP?

On 1-year performance, APRP leads with 17.90% vs -11.24% for WXET. On fees, APRP is cheaper at 0.50% per year. On volatility, APRP has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or APRP?

Over the 1-year period, APRP has performed better with a 17.90% return vs -11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or APRP?

APRP is cheaper with a 0.50% expense ratio, compared with 0.95% for WXET.

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

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

What is the main difference between WXET and APRP?

WXET is categorized as Leveraged Commodities, while APRP is Options Trading. They also come from different issuers: Teucrium and PGIM. Their fees differ too: 0.95% for WXET and 0.50% for APRP.

Which has better risk-adjusted returns?

APRP currently has the higher Sharpe Ratio (4.15 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.