WXET vs. DZZ

Last updated Apr 17, 2026

WXET (Teucrium 2x Daily Wheat ETF) and DZZ (DB Gold Double Short Exchange Traded Notes) are both Leveraged Commodities funds. WXET is actively managed, while DZZ is passively managed. Over the past year, WXET returned -12.17% vs 49.67% for DZZ. At 0.04, their price movements are largely independent. WXET charges 0.95%/yr vs 0.75%/yr for DZZ.

Performance

WXET vs. DZZ - 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 Short Exchange Traded Notes (DZZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WXET achieves a 32.18% return, which is significantly higher than DZZ's -32.16% return.

WXET

• 1D: 2.83%
• 1M: 2.19%
• YTD: 32.18%
• 6M: 26.37%
• 1Y: -12.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DZZ

• 1D: -1.14%
• 1M: -1.33%
• YTD: -32.16%
• 6M: 73.53%
• 1Y: 49.67%
• 3Y*: 4.01%
• 5Y*: -2.36%
• 10Y*: -8.39%

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

WXET vs. DZZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	32.18%	-37.99%	-0.40%
DZZ DB Gold Double Short Exchange Traded Notes	-32.16%	132.78%	-4.92%

Correlation

The correlation between WXET and DZZ 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 Dec 16, 2024	0.04

Return for Risk

WXET vs. DZZ — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 4
WXET Sharpe Ratio Rank: 4
WXET Sortino Ratio Rank: 5
WXET Omega Ratio Rank: 5
WXET Calmar Ratio Rank: 4
WXET Martin Ratio Rank: 4

DZZ

DZZ Risk / Return Rank: 20
DZZ Sharpe Ratio Rank: 10
DZZ Sortino Ratio Rank: 34
DZZ Omega Ratio Rank: 34
DZZ Calmar Ratio Rank: 13
DZZ Martin Ratio Rank: 11

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. DZZ - 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 Short Exchange Traded Notes (DZZ). 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	DZZ	Difference
Sharpe ratio Return per unit of total volatility	-0.27	0.30	-0.57
Sortino ratio Return per unit of downside risk	-0.10	2.23	-2.33
Omega ratio Gain probability vs. loss probability	0.99	1.29	-0.30
Calmar ratio Return relative to maximum drawdown	-0.34	0.62	-0.96
Martin ratio Return relative to average drawdown	-0.52	1.01	-1.53
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. DZZ - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.27, which is lower than the DZZ Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of WXET and DZZ, 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	DZZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	0.30	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	-0.21	-0.10

Drawdowns

WXET vs. DZZ - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum DZZ drawdown of -96.64%. Use the drawdown chart below to compare losses from any high point for WXET and DZZ.

Drawdown Indicators

	WXET	DZZ	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-96.64%	+48.33%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-74.95%	+39.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-74.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.59%	—
Current Drawdown Current decline from peak	-31.67%	-93.65%	+61.98%
Average Drawdown Average peak-to-trough decline	-30.87%	-82.21%	+51.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.25%	45.86%	-22.61%

Volatility

WXET vs. DZZ - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 15.43% compared to DB Gold Double Short Exchange Traded Notes (DZZ) at 12.56%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than DZZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	DZZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.43%	12.56%	+2.87%
Volatility (6M) Calculated over the trailing 6-month period	33.88%	126.06%	-92.18%
Volatility (1Y) Calculated over the trailing 1-year period	45.34%	167.97%	-122.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.43%	82.52%	-37.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.43%	63.36%	-17.93%

WXET vs. DZZ - Expense Ratio Comparison

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

Dividends

WXET vs. DZZ - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 2.22%, while DZZ has not paid dividends to shareholders.

	TTM	2025	2024
WXET Teucrium 2x Daily Wheat ETF	2.22%	3.57%	0.13%
DZZ DB Gold Double Short Exchange Traded Notes	0.00%	0.00%	0.00%