WXET vs. GLCR
WXET (Teucrium 2x Daily Wheat ETF) and GLCR (GlacierShares Nasdaq Iceland ETF) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while GLCR is a Europe Equities fund tracking the MarketVector Iceland Global Total Return Net Index. WXET is actively managed, while GLCR is passively managed. Over the past year, WXET returned 13.99% vs -2.26% for GLCR. Their -0.04 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
WXET vs. GLCR - Performance Comparison
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Returns By Period
In the year-to-date period, WXET achieves a 36.38% return, which is significantly higher than GLCR's -7.56% return.
WXET
- 1D
- -7.53%
- 1M
- 12.13%
- 6M
- 20.77%
- YTD
- 36.38%
- 1Y
- 13.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.00%
GLCR
- 1D
- 0.66%
- 1M
- 4.47%
- 6M
- -13.43%
- YTD
- -7.56%
- 1Y
- -2.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.24K | $7.31K | $15.41K | |
| $349.23K | $373.64K | $493.96K |
WXET vs. GLCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WXET Teucrium 2x Daily Wheat ETF | 36.38% | -30.70% |
GLCR GlacierShares Nasdaq Iceland ETF | -7.56% | 7.26% |
Correlation
The correlation between WXET and GLCR is -0.06, 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. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.04 |
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Return for Risk
WXET vs. GLCR — Risk / Return Rank
WXET
GLCR
WXET vs. GLCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and GlacierShares Nasdaq Iceland ETF (GLCR). 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 | GLCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.99 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.11 | +0.47 |
| Martin ratioReturn relative to average drawdown | 0.84 | -0.24 | +1.08 |
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Drawdowns
WXET vs. GLCR - Drawdown Comparison
The maximum WXET drawdown since its inception was -48.31%, which is greater than GLCR's maximum drawdown of -19.29%. Use the drawdown chart below to compare losses from any high point for WXET and GLCR.
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Drawdown Indicators
| WXET | GLCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -19.29% | -29.02% |
Max Drawdown (1Y)Largest decline over 1 year | -30.76% | -19.29% | -11.47% |
Current DrawdownCurrent decline from peak | -29.50% | -14.07% | -15.43% |
Average DrawdownAverage peak-to-trough decline | -30.49% | -6.15% | -24.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 9.21% | +4.08% |
Volatility
WXET vs. GLCR - Volatility Comparison
Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 21.37% compared to GlacierShares Nasdaq Iceland ETF (GLCR) at 2.80%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than GLCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WXET | GLCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.37% | 2.80% | +18.57% |
Volatility (6M)Calculated over the trailing 6-month period | 44.27% | 13.20% | +31.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 16.74% | +34.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.83% | 18.06% | +31.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.83% | 18.06% | +31.77% |
WXET vs. GLCR - Expense Ratio Comparison
Both WXET and GLCR have an expense ratio of 0.95%.
Dividends
WXET vs. GLCR - Dividend Comparison
WXET's dividend yield for the trailing twelve months is around 1.74%, more than GLCR's 1.05% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLCR GlacierShares Nasdaq Iceland ETF | 1.05% | 0.97% | 0.00% |
WXET Teucrium 2x Daily Wheat ETF | 1.74% | 3.57% | 0.13% |
Frequently Asked Questions
WXET and GLCR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WXET has higher volatility (21.37%) compared to GLCR (2.80%). In terms of maximum drawdown, WXET dropped -48.31% vs GLCR's -19.29%.
On 1-year performance, WXET leads with 13.99% vs -2.26% for GLCR. Both ETFs have the same 0.95% expense ratio. On volatility, GLCR has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WXET has performed better with a 13.99% return vs -2.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WXET and GLCR have the same expense ratio: 0.95% per year.
WXET has the higher dividend yield at 1.74%, compared with 1.05% for GLCR.
WXET is categorized as Leveraged Commodities, while GLCR is Europe Equities.
WXET currently has the higher Sharpe Ratio (0.21 vs -0.13), 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.
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