WXET vs. COPZ
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. Their -0.07 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
WXET vs. COPZ - Performance Comparison
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Returns By Period
WXET
- 1D
- -7.53%
- 1M
- 12.13%
- 6M
- 20.77%
- YTD
- 36.38%
- 1Y
- 13.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.00%
COPZ
- 1D
- -1.83%
- 1M
- 4.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $216.59K | $238.58K | $612.59K | |
| $349.23K | $373.64K | $493.96K |
WXET vs. COPZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WXET Teucrium 2x Daily Wheat ETF | 23.34% |
COPZ Defiance Daily Target 2X Long Copper ETF | -33.13% |
Correlation
The correlation between WXET and COPZ is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026 | -0.07 |
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Return for Risk
WXET vs. COPZ — Risk / Return Rank
WXET
COPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | — | — |
| Martin ratioReturn relative to average drawdown | 0.84 | — | — |
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Drawdowns
WXET vs. COPZ - Drawdown Comparison
The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum COPZ drawdown of -51.59%. Use the drawdown chart below to compare losses from any high point for WXET and COPZ.
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Drawdown Indicators
| WXET | COPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -51.59% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -30.76% | — | — |
Current DrawdownCurrent decline from peak | -29.50% | -44.74% | +15.24% |
Average DrawdownAverage peak-to-trough decline | -30.49% | -33.10% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | — | — |
Volatility
WXET vs. COPZ - Volatility Comparison
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Volatility by Period
| WXET | COPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 106.63% | -55.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.83% | 106.63% | -56.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.83% | 106.63% | -56.80% |
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 1.74%, 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 | 1.74% | 3.57% | 0.13% |
Frequently Asked Questions
WXET and COPZ have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WXET and COPZ have the same expense ratio: 0.95% per year.
WXET has the higher dividend yield at 1.74%, compared with 0.00% for COPZ.
WXET is categorized as Leveraged Commodities, while COPZ is Copper. They also come from different issuers: Teucrium and Defiance.
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