WXET vs. COPZ

Last updated Jun 24, 2026

WXET (Teucrium 2x Daily Wheat ETF) and COPZ (Defiance Daily Target 2X Long Copper ETF) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while COPZ is a Copper fund actively managed by Defiance. Both are actively managed. At a correlation of -0.18, 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: -3.02%
• 1M: -17.97%
• YTD: 20.90%
• 6M: 15.80%
• 1Y: -16.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPZ

• 1D: -12.01%
• 1M: -13.49%
• 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	9.34%
COPZ Defiance Daily Target 2X Long Copper ETF	-28.95%

Correlation

The correlation between WXET and COPZ is -0.18, 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 18, 2026	-0.18

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: 6
WXET Sharpe Ratio Rank: 6
WXET Sortino Ratio Rank: 6
WXET Omega Ratio Rank: 7
WXET Calmar Ratio Rank: 4
WXET Martin Ratio Rank: 5

COPZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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	COPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	—	—
Sortino ratio: Return per unit of downside risk	-0.21	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.56	—	—
Martin ratio: Return relative to average drawdown	-0.90	—	—

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	-29.75%	—	—
Current Drawdown Current decline from peak	-37.50%	-41.30%	+3.80%
Average Drawdown Average peak-to-trough decline	-30.63%	-28.87%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.81%	—	—

Volatility

Volatility by Period

	WXET	COPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	48.74%	110.79%	-62.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.12%	110.79%	-62.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.12%	110.79%	-62.67%

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 2.08%, while COPZ has not paid dividends to shareholders.

Position	TTM	2025	2024
COPZ Defiance Daily Target 2X Long Copper ETF	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 COPZ in my portfolio?

WXET and COPZ have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WXET or COPZ?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WXET or COPZ?

WXET and COPZ have the same expense ratio: 0.95% per year.

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

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

What is the main difference between WXET and COPZ?

WXET is categorized as Leveraged Commodities, while COPZ is Copper. They also come from different issuers: Teucrium and Defiance.