WXET vs. COPZ

Last updated Apr 17, 2026

WXET (Teucrium 2x Daily Wheat ETF) and COPZ (Defiance Daily Target 2X Long Copper ETF) are both Leveraged Commodities funds. Both are actively managed. At -0.30, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

WXET vs. COPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Wheat ETF (WXET) and Defiance Daily Target 2X Long Copper ETF (COPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WXET

• 1D: 2.83%
• 1M: 2.19%
• YTD: 32.18%
• 6M: 26.37%
• 1Y: -12.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPZ

• 1D: 0.37%
• 1M: 16.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WXET vs. COPZ - Yearly Performance Comparison

	2026 (YTD)
WXET Teucrium 2x Daily Wheat ETF	14.96%
COPZ Defiance Daily Target 2X Long Copper ETF	-8.76%

Correlation

The correlation between WXET and COPZ is -0.30, 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 (All Time) Calculated using the full available price history since Feb 19, 2026	-0.30

Return for Risk

WXET vs. COPZ — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 4
WXET Sharpe Ratio Rank: 4
WXET Sortino Ratio Rank: 5
WXET Omega Ratio Rank: 5
WXET Calmar Ratio Rank: 4
WXET Martin Ratio Rank: 4

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. COPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and Defiance Daily Target 2X Long Copper ETF (COPZ). 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	COPZ	Difference
Sharpe ratio Return per unit of total volatility	-0.27	—	—
Sortino ratio Return per unit of downside risk	-0.10	—	—
Omega ratio Gain probability vs. loss probability	0.99	—	—
Calmar ratio Return relative to maximum drawdown	-0.34	—	—
Martin ratio Return relative to average drawdown	-0.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WXET	COPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	-0.40	+0.09

Drawdowns

WXET vs. COPZ - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, roughly equal to the maximum COPZ drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for WXET and COPZ.

Drawdown Indicators

	WXET	COPZ	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-49.79%	+1.48%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	—	—
Current Drawdown Current decline from peak	-31.67%	-24.46%	-7.21%
Average Drawdown Average peak-to-trough decline	-30.87%	-27.81%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.25%	—	—

Volatility

Volatility by Period

	WXET	COPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.34%	111.23%	-65.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.43%	111.23%	-65.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.43%	111.23%	-65.80%

WXET vs. COPZ - Expense Ratio Comparison

Both WXET and COPZ have an expense ratio of 0.95%.

Dividends

WXET vs. COPZ - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 2.22%, while COPZ has not paid dividends to shareholders.

	TTM	2025	2024
WXET Teucrium 2x Daily Wheat ETF	2.22%	3.57%	0.13%
COPZ Defiance Daily Target 2X Long Copper ETF	0.00%	0.00%	0.00%