WXET vs. HYGW
WXET (Teucrium 2x Daily Wheat ETF) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while HYGW is a High Yield Bonds fund tracking the Cboe HYG BuyWrite Index. WXET is actively managed, while HYGW is passively managed. Over the past year, WXET returned -16.72% vs 6.59% for HYGW. At a correlation of -0.14, they often move in opposite directions. WXET charges 0.95%/yr vs 0.69%/yr for HYGW.
Performance
WXET vs. HYGW - Performance Comparison
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Returns By Period
In the year-to-date period, WXET achieves a 20.90% return, which is significantly higher than HYGW's 2.25% return.
WXET
- 1D
- -3.02%
- 1M
- -17.97%
- YTD
- 20.90%
- 6M
- 15.80%
- 1Y
- -16.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGW
- 1D
- 0.00%
- 1M
- 0.82%
- YTD
- 2.25%
- 6M
- 2.52%
- 1Y
- 6.59%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
WXET vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WXET Teucrium 2x Daily Wheat ETF | 20.90% | -37.99% | -0.40% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 2.25% | 6.19% | -0.73% |
Correlation
The correlation between WXET and HYGW is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.14 |
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Return for Risk
WXET vs. HYGW — Risk / Return Rank
WXET
HYGW
WXET vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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 | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.49 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 3.64 | -4.20 |
| Martin ratioReturn relative to average drawdown | -0.90 | 16.58 | -17.48 |
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Drawdowns
WXET vs. HYGW - Drawdown Comparison
The maximum WXET drawdown since its inception was -48.31%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for WXET and HYGW.
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Drawdown Indicators
| WXET | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -5.49% | -42.82% |
Max Drawdown (1Y)Largest decline over 1 year | -29.75% | -1.82% | -27.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.66% | — |
Current DrawdownCurrent decline from peak | -37.50% | 0.00% | -37.50% |
Average DrawdownAverage peak-to-trough decline | -30.63% | -0.60% | -30.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.81% | 0.40% | +19.41% |
Volatility
WXET vs. HYGW - Volatility Comparison
Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 11.84% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.77%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WXET | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.84% | 0.77% | +11.07% |
Volatility (6M)Calculated over the trailing 6-month period | 39.84% | 2.23% | +37.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.74% | 2.86% | +45.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.12% | 4.66% | +43.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.12% | 4.66% | +43.46% |
WXET vs. HYGW - Expense Ratio Comparison
WXET has a 0.95% expense ratio, which is higher than HYGW's 0.69% expense ratio.
Dividends
WXET vs. HYGW - Dividend Comparison
WXET's dividend yield for the trailing twelve months is around 2.08%, less than HYGW's 11.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 11.50% | 12.53% | 12.30% | 15.98% | 8.71% |
WXET Teucrium 2x Daily Wheat ETF | 2.08% | 3.57% | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
WXET and HYGW have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WXET has higher volatility (11.84%) compared to HYGW (0.77%). In terms of maximum drawdown, WXET dropped -48.31% vs HYGW's -5.49%.
On 1-year performance, HYGW leads with 6.59% vs -16.72% for WXET. On fees, HYGW is cheaper at 0.69% per year. On volatility, HYGW has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGW has performed better with a 6.59% return vs -16.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYGW is cheaper with a 0.69% expense ratio, compared with 0.95% for WXET.
HYGW has the higher dividend yield at 11.50%, compared with 2.08% for WXET.
WXET is categorized as Leveraged Commodities, while HYGW is High Yield Bonds. They also come from different issuers: Teucrium and iShares. Their fees differ too: 0.95% for WXET and 0.69% for HYGW.
HYGW currently has the higher Sharpe Ratio (2.31 vs -0.35), 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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