WXET vs. OILU

Last updated Jun 26, 2026

WXET (Teucrium 2x Daily Wheat ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both Leveraged Commodities funds. Over the past year, WXET returned -7.86% vs 57.38% for OILU. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

WXET vs. OILU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Wheat ETF (WXET) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WXET achieves a 22.19% return, which is significantly lower than OILU's 48.15% return.

WXET

• 1D: 1.84%
• 1M: -14.00%
• YTD: 22.19%
• 6M: 14.72%
• 1Y: -7.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILU

• 1D: 2.71%
• 1M: -21.67%
• YTD: 48.15%
• 6M: 51.44%
• 1Y: 57.38%
• 3Y*: 1.92%
• 5Y*: —
• 10Y*: —

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

WXET vs. OILU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	22.19%	-37.99%	-0.40%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	48.15%	-16.50%	-10.60%

Correlation

The correlation between WXET and OILU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.16

Return for Risk

WXET vs. OILU — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 8
WXET Sharpe Ratio Rank: 8
WXET Sortino Ratio Rank: 8
WXET Omega Ratio Rank: 8
WXET Calmar Ratio Rank: 7
WXET Martin Ratio Rank: 7

OILU

OILU Risk / Return Rank: 28
OILU Sharpe Ratio Rank: 28
OILU Sortino Ratio Rank: 29
OILU Omega Ratio Rank: 28
OILU Calmar Ratio Rank: 29
OILU Martin Ratio Rank: 29

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. OILU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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	OILU	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	0.91	-1.08
Sortino ratio: Return per unit of downside risk	0.10	1.46	-1.36
Omega ratio: Gain probability vs. loss probability	1.01	1.18	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.27	1.31	-1.58
Martin ratio: Return relative to average drawdown	-0.42	3.68	-4.10

WXET vs. OILU - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.16, which is lower than the OILU Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of WXET and OILU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WXET vs. OILU - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for WXET and OILU.

Drawdown Indicators

	WXET	OILU	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-81.00%	+32.69%
Max Drawdown (1Y) Largest decline over 1 year	-29.75%	-44.03%	+14.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-69.09%	—
Current Drawdown Current decline from peak	-36.84%	-60.15%	+23.31%
Average Drawdown Average peak-to-trough decline	-30.67%	-50.60%	+19.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.71%	15.63%	+3.08%

Volatility

WXET vs. OILU - Volatility Comparison

The current volatility for Teucrium 2x Daily Wheat ETF (WXET) is 11.79%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 21.50%. This indicates that WXET experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	OILU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.79%	21.50%	-9.71%
Volatility (6M) Calculated over the trailing 6-month period	39.84%	51.20%	-11.36%
Volatility (1Y) Calculated over the trailing 1-year period	48.20%	63.26%	-15.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.02%	81.09%	-33.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.02%	81.09%	-33.07%

WXET vs. OILU - Expense Ratio Comparison

Both WXET and OILU have an expense ratio of 0.95%.

Dividends

WXET vs. OILU - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 1.97%, while OILU has not paid dividends to shareholders.

Position	TTM	2025	2024
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	0.00%	0.00%	0.00%
WXET Teucrium 2x Daily Wheat ETF	1.97%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and OILU in my portfolio?

WXET and OILU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WXET or OILU?

OILU has higher volatility (21.50%) compared to WXET (11.79%). In terms of maximum drawdown, WXET dropped -48.31% vs OILU's -81.00%.

Which ETF is better, WXET or OILU?

On 1-year performance, OILU leads with 57.38% vs -7.86% for WXET. Both ETFs have the same 0.95% expense ratio. On volatility, WXET has been the lower-risk option at 11.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or OILU?

Over the 1-year period, OILU has performed better with a 57.38% return vs -7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or OILU?

WXET and OILU have the same expense ratio: 0.95% per year.

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

WXET has the higher dividend yield at 1.97%, compared with 0.00% for OILU.

What is the main difference between WXET and OILU?

They also come from different issuers: Teucrium and BMO.

Which has better risk-adjusted returns?

OILU currently has the higher Sharpe Ratio (0.91 vs -0.16), 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.