WXET vs. KOLD
WXET (Teucrium 2x Daily Wheat ETF) and KOLD (ProShares UltraShort Bloomberg Natural Gas) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while KOLD is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. WXET is actively managed, while KOLD is passively managed. Over the past year, WXET returned 13.99% vs -4.80% for KOLD. Their -0.14 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
WXET vs. KOLD - 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 KOLD's -16.81% return.
WXET
- 1D
- -7.53%
- 1M
- 12.13%
- 6M
- 20.77%
- YTD
- 36.38%
- 1Y
- 13.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.00%
KOLD
- 1D
- -1.11%
- 1M
- 25.17%
- 6M
- 116.05%
- YTD
- -16.81%
- 1Y
- -4.80%
- 3Y*
- -1.53%
- 5Y*
- -30.36%
- 10Y*
- -22.29%
- ALL TIME*
- -11.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $57.12M | $61.92M | $74.91M | |
| $349.23K | $373.64K | $493.96K |
WXET vs. KOLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WXET Teucrium 2x Daily Wheat ETF | 36.38% | -37.99% | -0.40% |
KOLD ProShares UltraShort Bloomberg Natural Gas | -16.81% | -17.48% | -24.95% |
Correlation
The correlation between WXET and KOLD is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
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. KOLD — Risk / Return Rank
WXET
KOLD
WXET vs. KOLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and ProShares UltraShort Bloomberg Natural Gas (KOLD). 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 | KOLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.07 | +0.43 |
| Martin ratioReturn relative to average drawdown | 0.84 | -0.12 | +0.97 |
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Drawdowns
WXET vs. KOLD - Drawdown Comparison
The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for WXET and KOLD.
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Drawdown Indicators
| WXET | KOLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -99.45% | +51.14% |
Max Drawdown (1Y)Largest decline over 1 year | -30.76% | -72.50% | +41.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.45% | — |
Current DrawdownCurrent decline from peak | -29.50% | -96.60% | +67.10% |
Average DrawdownAverage peak-to-trough decline | -30.49% | -69.77% | +39.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 40.92% | -27.63% |
Volatility
WXET vs. KOLD - Volatility Comparison
Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 21.37% compared to ProShares UltraShort Bloomberg Natural Gas (KOLD) at 17.96%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than KOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WXET | KOLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.37% | 17.96% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 44.27% | 71.96% | -27.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 110.38% | -58.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.83% | 118.81% | -68.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.83% | 101.60% | -51.77% |
WXET vs. KOLD - Expense Ratio Comparison
Both WXET and KOLD have an expense ratio of 0.95%.
Dividends
WXET vs. KOLD - Dividend Comparison
WXET's dividend yield for the trailing twelve months is around 1.74%, while KOLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KOLD ProShares UltraShort Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% |
WXET Teucrium 2x Daily Wheat ETF | 1.74% | 3.57% | 0.13% |
Frequently Asked Questions
WXET and KOLD have a correlation of -0.12, 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 KOLD (17.96%). In terms of maximum drawdown, WXET dropped -48.31% vs KOLD's -99.45%.
On 1-year performance, WXET leads with 13.99% vs -4.80% for KOLD. Both ETFs have the same 0.95% expense ratio. On volatility, KOLD has been the lower-risk option at 17.96%. 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 -4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WXET and KOLD have the same expense ratio: 0.95% per year.
WXET has the higher dividend yield at 1.74%, compared with 0.00% for KOLD.
WXET is categorized as Leveraged Commodities, while KOLD is Oil & Gas. They also come from different issuers: Teucrium and ProShares.
WXET currently has the higher Sharpe Ratio (0.21 vs -0.05), 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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