WXET vs. CXRN

Last updated Jun 3, 2026

WXET (Teucrium 2x Daily Wheat ETF) and CXRN (Teucrium 2x Daily Corn ETF) are both Leveraged Commodities funds from Teucrium. Both are actively managed. Over the past year, WXET returned -7.52% vs -19.92% for CXRN. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

WXET vs. CXRN - Performance Comparison

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

Returns By Period

In the year-to-date period, WXET achieves a 27.79% return, which is significantly higher than CXRN's -9.43% return.

WXET

• 1D: -1.97%
• 1M: -11.55%
• YTD: 27.79%
• 6M: 12.24%
• 1Y: -7.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CXRN

• 1D: -2.14%
• 1M: -16.28%
• YTD: -9.43%
• 6M: -12.86%
• 1Y: -19.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WXET vs. CXRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	27.79%	-37.99%	-0.40%
CXRN Teucrium 2x Daily Corn ETF	-9.43%	-25.68%	7.40%

Correlation

The correlation between WXET and CXRN is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.65

The correlation between WXET and CXRN has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

Return for Risk

WXET vs. CXRN — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 8
WXET Sharpe Ratio Rank: 7
WXET Sortino Ratio Rank: 8
WXET Omega Ratio Rank: 8
WXET Calmar Ratio Rank: 7
WXET Martin Ratio Rank: 8

CXRN

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

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. CXRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and Teucrium 2x Daily Corn ETF (CXRN). 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	CXRN	Difference
Sharpe ratio Return per unit of total volatility	-0.15	-0.55	+0.40
Sortino ratio Return per unit of downside risk	0.14	-0.58	+0.72
Omega ratio Gain probability vs. loss probability	1.01	0.93	+0.08
Calmar ratio Return relative to maximum drawdown	-0.16	-0.86	+0.70
Martin ratio Return relative to average drawdown	-0.24	-1.56	+1.33
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. CXRN - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.15, which is higher than the CXRN Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of WXET and CXRN, 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	CXRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	-0.55	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	-0.55	+0.23

Drawdowns

WXET vs. CXRN - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, roughly equal to the maximum CXRN drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for WXET and CXRN.

Drawdown Indicators

	WXET	CXRN	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-46.71%	-1.60%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-25.27%	-10.37%
Current Drawdown Current decline from peak	-33.94%	-43.68%	+9.74%
Average Drawdown Average peak-to-trough decline	-30.48%	-30.04%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.34%	13.89%	+9.45%

Volatility

WXET vs. CXRN - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 21.55% compared to Teucrium 2x Daily Corn ETF (CXRN) at 15.34%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than CXRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	CXRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.55%	15.34%	+6.21%
Volatility (6M) Calculated over the trailing 6-month period	39.33%	26.41%	+12.92%
Volatility (1Y) Calculated over the trailing 1-year period	49.90%	36.13%	+13.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.44%	36.78%	+11.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.44%	36.78%	+11.66%

WXET vs. CXRN - Expense Ratio Comparison

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

Dividends

WXET vs. CXRN - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 1.97%, less than CXRN's 2.49% yield.

Position	TTM	2025	2024
CXRN Teucrium 2x Daily Corn ETF	2.49%	3.30%	0.13%
WXET Teucrium 2x Daily Wheat ETF	1.97%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and CXRN in my portfolio?

WXET and CXRN have a correlation of 0.69, 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 CXRN?

WXET has higher volatility (21.55%) compared to CXRN (15.34%). In terms of maximum drawdown, WXET dropped -48.31% vs CXRN's -46.71%.

Which ETF is better, WXET or CXRN?

On 1-year performance, WXET leads with -7.52% vs -19.92% for CXRN. Both ETFs have the same 0.95% expense ratio. On volatility, CXRN has been the lower-risk option at 15.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or CXRN?

Over the 1-year period, WXET has performed better with a -7.52% return vs -19.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or CXRN?

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

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

CXRN has the higher dividend yield at 2.49%, compared with 1.97% for WXET.

Which has better risk-adjusted returns?

WXET currently has the higher Sharpe Ratio (-0.15 vs -0.55), 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.