WXET vs. GLDW

Last updated Jul 17, 2026

WXET (Teucrium 2x Daily Wheat ETF) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while GLDW is a Derivative Income fund actively managed by State Street. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. WXET charges 0.95%/yr vs 0.99%/yr for GLDW.

Performance

WXET vs. GLDW - Performance Comparison

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

Returns By Period

In the year-to-date period, WXET achieves a 53.02% return, which is significantly higher than GLDW's -12.10% return.

WXET

• 1D: -1.20%
• 1M: 23.90%
• 6M: 50.80%
• YTD: 53.02%
• 1Y: 16.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDW

• 1D: -2.26%
• 1M: -10.14%
• 6M: -18.75%
• YTD: -12.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WXET vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
WXET Teucrium 2x Daily Wheat ETF	53.02%	-14.97%
GLDW Roundhill Gold WeeklyPay ETF	-12.10%	9.36%

Correlation

The correlation between WXET and GLDW is -0.01, 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 (All Time) Calculated using the full available price history since Oct 30, 2025	-0.01

Return for Risk

WXET vs. GLDW — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 17
WXET Sharpe Ratio Rank: 15
WXET Sortino Ratio Rank: 19
WXET Omega Ratio Rank: 18
WXET Calmar Ratio Rank: 17
WXET Martin Ratio Rank: 15

GLDW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and Roundhill Gold WeeklyPay ETF (GLDW). 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	GLDW	Difference
Sharpe ratio: Return per unit of total volatility	0.33	—	—
Sortino ratio: Return per unit of downside risk	0.88	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.53	—	—
Martin ratio: Return relative to average drawdown	0.97	—	—

Drawdowns

WXET vs. GLDW - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, which is greater than GLDW's maximum drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for WXET and GLDW.

Drawdown Indicators

	WXET	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-32.55%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-30.76%	—	—
Current Drawdown Current decline from peak	-20.90%	-32.55%	+11.65%
Average Drawdown Average peak-to-trough decline	-30.74%	-12.16%	-18.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.78%	—	—

Volatility

Volatility by Period

	WXET	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.06%	36.47%	+13.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.10%	36.47%	+12.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.10%	36.47%	+12.63%

WXET vs. GLDW - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is lower than GLDW's 0.99% expense ratio.

Dividends

WXET vs. GLDW - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 1.58%, less than GLDW's 26.12% yield.

Position	TTM	2025	2024
GLDW Roundhill Gold WeeklyPay ETF	26.12%	3.75%	0.00%
WXET Teucrium 2x Daily Wheat ETF	1.58%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and GLDW in my portfolio?

WXET and GLDW have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WXET or GLDW?

On fees, WXET is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WXET or GLDW?

WXET is cheaper with a 0.95% expense ratio, compared with 0.99% for GLDW.

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

GLDW has the higher dividend yield at 26.12%, compared with 1.58% for WXET.

What is the main difference between WXET and GLDW?

WXET is categorized as Leveraged Commodities, while GLDW is Derivative Income. They also come from different issuers: Teucrium and State Street. Their fees differ too: 0.95% for WXET and 0.99% for GLDW.