WXET vs. BOIL

Last updated Jul 14, 2026

WXET (Teucrium 2x Daily Wheat ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. WXET is actively managed, while BOIL is passively managed. Over the past year, WXET returned 2.11% vs -74.93% for BOIL. At a 0.13 correlation, their price movements are largely independent. WXET charges 0.95%/yr vs 1.31%/yr for BOIL.

Performance

WXET vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Wheat ETF (WXET) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WXET achieves a 36.00% return, which is significantly higher than BOIL's -52.27% return.

WXET

• 1D: -1.68%
• 1M: 13.05%
• 6M: 32.83%
• YTD: 36.00%
• 1Y: 2.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOIL

• 1D: -3.62%
• 1M: -18.31%
• 6M: -39.28%
• YTD: -52.27%
• 1Y: -74.93%
• 3Y*: -66.40%
• 5Y*: -68.59%
• 10Y*: -58.74%

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

WXET vs. BOIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	36.00%	-37.99%	-0.40%
BOIL ProShares Ultra Bloomberg Natural Gas	-52.27%	-58.98%	22.20%

Correlation

The correlation between WXET and BOIL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.13

Return for Risk

WXET vs. BOIL — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 11
WXET Sharpe Ratio Rank: 10
WXET Sortino Ratio Rank: 12
WXET Omega Ratio Rank: 12
WXET Calmar Ratio Rank: 10
WXET Martin Ratio Rank: 10

BOIL

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

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. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.

	WXET	BOIL	Difference
Sharpe ratio: Return per unit of total volatility	0.04	-0.67	+0.71
Sortino ratio: Return per unit of downside risk	0.45	-0.84	+1.29
Omega ratio: Gain probability vs. loss probability	1.05	0.89	+0.16
Calmar ratio: Return relative to maximum drawdown	0.07	-0.96	+1.03
Martin ratio: Return relative to average drawdown	0.13	-1.36	+1.49

WXET vs. BOIL - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is 0.04, which is higher than the BOIL Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of WXET and BOIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WXET vs. BOIL - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for WXET and BOIL.

Drawdown Indicators

	WXET	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-100.00%	+51.69%
Max Drawdown (1Y) Largest decline over 1 year	-30.76%	-77.83%	+47.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.92%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.99%	—
Current Drawdown Current decline from peak	-29.70%	-100.00%	+70.30%
Average Drawdown Average peak-to-trough decline	-30.80%	-93.61%	+62.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.75%	54.90%	-38.15%

Volatility

WXET vs. BOIL - Volatility Comparison

The current volatility for Teucrium 2x Daily Wheat ETF (WXET) is 15.22%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 20.38%. This indicates that WXET experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.22%	20.38%	-5.16%
Volatility (6M) Calculated over the trailing 6-month period	41.40%	102.24%	-60.84%
Volatility (1Y) Calculated over the trailing 1-year period	48.94%	112.18%	-63.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.47%	119.02%	-70.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.47%	101.76%	-53.29%

WXET vs. BOIL - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.

Dividends

WXET vs. BOIL - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 1.77%, while BOIL has not paid dividends to shareholders.

Position	TTM	2025	2024
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%	0.00%
WXET Teucrium 2x Daily Wheat ETF	1.77%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and BOIL in my portfolio?

WXET and BOIL have a correlation of 0.12, 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 BOIL?

BOIL has higher volatility (20.38%) compared to WXET (15.22%). In terms of maximum drawdown, WXET dropped -48.31% vs BOIL's -100.00%.

Which ETF is better, WXET or BOIL?

On 1-year performance, WXET leads with 2.11% vs -74.93% for BOIL. On fees, WXET is cheaper at 0.95% per year. On volatility, WXET has been the lower-risk option at 15.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or BOIL?

Over the 1-year period, WXET has performed better with a 2.11% return vs -74.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or BOIL?

WXET is cheaper with a 0.95% expense ratio, compared with 1.31% for BOIL.

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

WXET has the higher dividend yield at 1.77%, compared with 0.00% for BOIL.

What is the main difference between WXET and BOIL?

WXET is categorized as Leveraged Commodities, while BOIL is Oil & Gas. They also come from different issuers: Teucrium and ProShares. Their fees differ too: 0.95% for WXET and 1.31% for BOIL.

Which has better risk-adjusted returns?

WXET currently has the higher Sharpe Ratio (0.04 vs -0.67), 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.