WXET vs. CPXR

Last updated Jun 4, 2026

WXET (Teucrium 2x Daily Wheat ETF) and CPXR (USCF Daily Target 2X Copper Index ETF) are both Leveraged Commodities funds. WXET is actively managed, while CPXR is passively managed. Over the past year, WXET returned -11.24% vs 37.97% for CPXR. At a 0.08 correlation, their price movements are largely independent. WXET charges 0.95%/yr vs 1.20%/yr for CPXR.

Performance

WXET vs. CPXR - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with WXET having a 21.04% return and CPXR slightly higher at 21.61%.

WXET

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

CPXR

• 1D: -5.10%
• 1M: 21.98%
• YTD: 21.61%
• 6M: 34.31%
• 1Y: 37.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WXET vs. CPXR - Yearly Performance Comparison

	2026 (YTD)	2025
WXET Teucrium 2x Daily Wheat ETF	21.04%	-38.55%
CPXR USCF Daily Target 2X Copper Index ETF	21.61%	36.03%

Correlation

The correlation between WXET and CPXR is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.08

Return for Risk

WXET vs. CPXR — 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

CPXR

CPXR Risk / Return Rank: 20
CPXR Sharpe Ratio Rank: 18
CPXR Sortino Ratio Rank: 21
CPXR Omega Ratio Rank: 27
CPXR Calmar Ratio Rank: 19
CPXR Martin Ratio Rank: 16

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. CPXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and USCF Daily Target 2X Copper Index ETF (CPXR). 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	CPXR	Difference
Sharpe ratio Return per unit of total volatility	-0.23	0.55	-0.78
Sortino ratio Return per unit of downside risk	0.01	1.11	-1.09
Omega ratio Gain probability vs. loss probability	1.00	1.18	-0.18
Calmar ratio Return relative to maximum drawdown	-0.32	0.80	-1.11
Martin ratio Return relative to average drawdown	-0.48	1.47	-1.95
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. CPXR - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.23, which is lower than the CPXR Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of WXET and CPXR, 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	CPXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	0.55	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	-0.37	0.66	-1.03

Drawdowns

WXET vs. CPXR - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, roughly equal to the maximum CPXR drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for WXET and CPXR.

Drawdown Indicators

	WXET	CPXR	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-47.87%	-0.44%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-47.87%	+12.23%
Current Drawdown Current decline from peak	-37.43%	-5.10%	-32.33%
Average Drawdown Average peak-to-trough decline	-30.50%	-19.88%	-10.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.40%	25.94%	-2.54%

Volatility

WXET vs. CPXR - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 22.01% compared to USCF Daily Target 2X Copper Index ETF (CPXR) at 18.75%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than CPXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	CPXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.01%	18.75%	+3.26%
Volatility (6M) Calculated over the trailing 6-month period	39.70%	45.26%	-5.56%
Volatility (1Y) Calculated over the trailing 1-year period	50.13%	68.77%	-18.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.57%	68.61%	-20.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.57%	68.61%	-20.04%

WXET vs. CPXR - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is lower than CPXR's 1.20% expense ratio.

Dividends

WXET vs. CPXR - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 2.08%, more than CPXR's 0.58% yield.

Position	TTM	2025	2024
CPXR USCF Daily Target 2X Copper Index ETF	0.58%	0.70%	0.00%
WXET Teucrium 2x Daily Wheat ETF	2.08%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and CPXR in my portfolio?

WXET and CPXR have a correlation of 0.05, 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 CPXR?

WXET has higher volatility (22.01%) compared to CPXR (18.75%). In terms of maximum drawdown, WXET dropped -48.31% vs CPXR's -47.87%.

Which ETF is better, WXET or CPXR?

On 1-year performance, CPXR leads with 37.97% vs -11.24% for WXET. On fees, WXET is cheaper at 0.95% per year. On volatility, CPXR has been the lower-risk option at 18.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or CPXR?

Over the 1-year period, CPXR has performed better with a 37.97% 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 CPXR?

WXET is cheaper with a 0.95% expense ratio, compared with 1.20% for CPXR.

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

WXET has the higher dividend yield at 2.08%, compared with 0.58% for CPXR.

What is the main difference between WXET and CPXR?

They also come from different issuers: Teucrium and USCF. Their fees differ too: 0.95% for WXET and 1.20% for CPXR.

Which has better risk-adjusted returns?

CPXR currently has the higher Sharpe Ratio (0.55 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.