WXET vs. IBRN
WXET (Teucrium 2x Daily Wheat ETF) and IBRN (iShares Neuroscience and Healthcare ETF) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while IBRN is a Health & Biotech Equities fund tracking the NYSE FactSet Global Neuro Biopharma and MedTech Index. WXET is actively managed, while IBRN is passively managed. Over the past year, WXET returned 2.11% vs 69.86% for IBRN. At a correlation of -0.08, they often move in opposite directions. WXET charges 0.95%/yr vs 0.47%/yr for IBRN.
Performance
WXET vs. IBRN - Performance Comparison
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Returns By Period
In the year-to-date period, WXET achieves a 36.00% return, which is significantly higher than IBRN's 18.23% return.
WXET
- 1D
- -1.68%
- 1M
- 13.05%
- 6M
- 32.83%
- YTD
- 36.00%
- 1Y
- 2.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBRN
- 1D
- -2.16%
- 1M
- 9.69%
- 6M
- 19.74%
- YTD
- 18.23%
- 1Y
- 69.86%
- 3Y*
- 16.48%
- 5Y*
- —
- 10Y*
- —
WXET vs. IBRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WXET Teucrium 2x Daily Wheat ETF | 36.00% | -37.99% | -0.40% |
IBRN iShares Neuroscience and Healthcare ETF | 18.23% | 28.49% | -1.54% |
Correlation
The correlation between WXET and IBRN is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.08 |
The correlation between WXET and IBRN shifts across timeframes, from -0.20 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WXET vs. IBRN — Risk / Return Rank
WXET
IBRN
WXET vs. IBRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and iShares Neuroscience and Healthcare ETF (IBRN). 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 | IBRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.43 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 7.98 | -7.91 |
| Martin ratioReturn relative to average drawdown | 0.13 | 22.47 | -22.35 |
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Drawdowns
WXET vs. IBRN - Drawdown Comparison
The maximum WXET drawdown since its inception was -48.31%, which is greater than IBRN's maximum drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for WXET and IBRN.
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Drawdown Indicators
| WXET | IBRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -35.38% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -30.76% | -8.80% | -21.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.38% | — |
Current DrawdownCurrent decline from peak | -29.70% | -5.16% | -24.54% |
Average DrawdownAverage peak-to-trough decline | -30.80% | -9.63% | -21.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.75% | 3.12% | +13.63% |
Volatility
WXET vs. IBRN - Volatility Comparison
Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 15.22% compared to iShares Neuroscience and Healthcare ETF (IBRN) at 6.66%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than IBRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WXET | IBRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.22% | 6.66% | +8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 41.40% | 19.29% | +22.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.94% | 25.51% | +23.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.47% | 25.34% | +23.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.47% | 25.34% | +23.13% |
WXET vs. IBRN - Expense Ratio Comparison
WXET has a 0.95% expense ratio, which is higher than IBRN's 0.47% expense ratio.
Dividends
WXET vs. IBRN - Dividend Comparison
WXET's dividend yield for the trailing twelve months is around 1.77%, more than IBRN's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 0.84% | 0.99% | 0.40% | 0.06% |
WXET Teucrium 2x Daily Wheat ETF | 1.77% | 3.57% | 0.13% | 0.00% |
Frequently Asked Questions
WXET and IBRN have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WXET has higher volatility (15.22%) compared to IBRN (6.66%). In terms of maximum drawdown, WXET dropped -48.31% vs IBRN's -35.38%.
On 1-year performance, IBRN leads with 69.86% vs 2.11% for WXET. On fees, IBRN is cheaper at 0.47% per year. On volatility, IBRN has been the lower-risk option at 6.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBRN has performed better with a 69.86% return vs 2.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBRN is cheaper with a 0.47% expense ratio, compared with 0.95% for WXET.
WXET has the higher dividend yield at 1.77%, compared with 0.84% for IBRN.
WXET is categorized as Leveraged Commodities, while IBRN is Health & Biotech Equities. They also come from different issuers: Teucrium and iShares. Their fees differ too: 0.95% for WXET and 0.47% for IBRN.
IBRN currently has the higher Sharpe Ratio (2.76 vs 0.04), 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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