WXET vs. DGP

Last updated Aug 2, 2026

WXET (Teucrium 2x Daily Wheat ETF) and DGP (DB Gold Double Long Exchange Traded Notes) are both Leveraged Commodities funds. WXET is actively managed, while DGP is passively managed. Over the past year, WXET returned 13.99% vs 28.29% for DGP. Their 0.05 correlation means their historical movements had little consistent relationship. WXET charges 0.95%/yr vs 0.75%/yr for DGP.

Performance

WXET vs. DGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Wheat ETF (WXET) and DB Gold Double Long Exchange Traded Notes (DGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WXET achieves a 36.38% return, which is significantly higher than DGP's -18.18% return.

WXET

• 1D: -7.53%
• 1M: 12.13%
• 6M: 20.77%
• YTD: 36.38%
• 1Y: 13.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -10.00%

DGP

• 1D: -2.82%
• 1M: -3.42%
• 6M: -34.21%
• YTD: -18.18%
• 1Y: 28.29%
• 3Y*: 48.17%
• 5Y*: 27.47%
• 10Y*: 16.04%
• ALL TIME*: 9.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGP DB Gold Double Long Exchange Traded Notes	$15.23M	$15.11M	$28.98M
WXET Teucrium 2x Daily Wheat ETF	$349.23K	$373.64K	$493.96K

WXET vs. DGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	36.38%	-37.99%	-0.40%
DGP DB Gold Double Long Exchange Traded Notes	-18.18%	141.40%	-2.97%

Correlation

The correlation between WXET and DGP is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.00
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.05

Return for Risk

WXET vs. DGP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WXET

WXET Risk / Return Rank: 18
WXET Sharpe Ratio Rank: 16
WXET Sortino Ratio Rank: 21
WXET Omega Ratio Rank: 19
WXET Calmar Ratio Rank: 17
WXET Martin Ratio Rank: 17

DGP

DGP Risk / Return Rank: 27
DGP Sharpe Ratio Rank: 26
DGP Sortino Ratio Rank: 29
DGP Omega Ratio Rank: 32
DGP Calmar Ratio Rank: 24
DGP Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WXET vs. DGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and DB Gold Double Long Exchange Traded Notes (DGP). 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	DGP	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.61	-0.40
Sortino ratio: Return per unit of downside risk	0.72	1.11	-0.39
Omega ratio: Gain probability vs. loss probability	1.08	1.15	-0.07
Calmar ratio: Return relative to maximum drawdown	0.36	0.71	-0.36
Martin ratio: Return relative to average drawdown	0.84	1.52	-0.68

WXET vs. DGP - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is 0.21, which is lower than the DGP Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of WXET and DGP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WXET vs. DGP - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for WXET and DGP.

Drawdown Indicators

	WXET	DGP	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-75.31%	+27.00%
Max Drawdown (1Y) Largest decline over 1 year	-30.76%	-47.59%	+16.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-47.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-51.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.24%	—
Current Drawdown Current decline from peak	-29.50%	-45.56%	+16.06%
Average Drawdown Average peak-to-trough decline	-30.49%	-41.10%	+10.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.29%	22.26%	-8.97%

Volatility

WXET vs. DGP - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 21.37% compared to DB Gold Double Long Exchange Traded Notes (DGP) at 12.46%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than DGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	DGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.37%	12.46%	+8.91%
Volatility (6M) Calculated over the trailing 6-month period	44.27%	47.60%	-3.33%
Volatility (1Y) Calculated over the trailing 1-year period	51.52%	55.74%	-4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.83%	39.73%	+10.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.83%	35.47%	+14.36%

WXET vs. DGP - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is higher than DGP's 0.75% expense ratio.

Dividends

WXET vs. DGP - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 1.74%, while DGP has not paid dividends to shareholders.

Position	TTM	2025	2024
DGP DB Gold Double Long Exchange Traded Notes	0.00%	0.00%	0.00%
WXET Teucrium 2x Daily Wheat ETF	1.74%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and DGP in my portfolio?

WXET and DGP have a correlation of -0.00, 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 DGP?

WXET has higher volatility (21.37%) compared to DGP (12.46%). In terms of maximum drawdown, WXET dropped -48.31% vs DGP's -75.31%.

Which ETF is better, WXET or DGP?

On 1-year performance, DGP leads with 28.29% vs 13.99% for WXET. On fees, DGP is cheaper at 0.75% per year. On volatility, DGP has been the lower-risk option at 12.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or DGP?

Over the 1-year period, DGP has performed better with a 28.29% return vs 13.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or DGP?

DGP is cheaper with a 0.75% expense ratio, compared with 0.95% for WXET.

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

WXET has the higher dividend yield at 1.74%, compared with 0.00% for DGP.

What is the main difference between WXET and DGP?

They also come from different issuers: Teucrium and Deutsche Bank. Their fees differ too: 0.95% for WXET and 0.75% for DGP.

Which has better risk-adjusted returns?

DGP currently has the higher Sharpe Ratio (0.61 vs 0.21), 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.