WXET vs. SCO

Last updated Apr 17, 2026

WXET (Teucrium 2x Daily Wheat ETF) and SCO (ProShares UltraShort Bloomberg Crude Oil) are both Leveraged Commodities funds. WXET is actively managed, while SCO is passively managed. Over the past year, WXET returned -12.17% vs -62.52% for SCO. At -0.14, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

WXET vs. SCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Wheat ETF (WXET) and ProShares UltraShort Bloomberg Crude Oil (SCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WXET achieves a 32.18% return, which is significantly higher than SCO's -60.63% return.

WXET

• 1D: 2.83%
• 1M: 2.19%
• YTD: 32.18%
• 6M: 26.37%
• 1Y: -12.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCO

• 1D: -1.03%
• 1M: -7.43%
• YTD: -60.63%
• 6M: -61.07%
• 1Y: -62.52%
• 3Y*: -29.80%
• 5Y*: -42.61%
• 10Y*: -39.34%

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

WXET vs. SCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	32.18%	-37.99%	-0.40%
SCO ProShares UltraShort Bloomberg Crude Oil	-60.63%	15.90%	-1.91%

Correlation

The correlation between WXET and SCO is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	-0.14

Return for Risk

WXET vs. SCO — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 4
WXET Sharpe Ratio Rank: 4
WXET Sortino Ratio Rank: 5
WXET Omega Ratio Rank: 5
WXET Calmar Ratio Rank: 4
WXET Martin Ratio Rank: 4

SCO

SCO Risk / Return Rank: 1
SCO Sharpe Ratio Rank: 1
SCO Sortino Ratio Rank: 1
SCO Omega Ratio Rank: 1
SCO Calmar Ratio Rank: 1
SCO Martin Ratio Rank: 0

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. SCO - 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 Crude Oil (SCO). 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.

	WXET	SCO	Difference
Sharpe ratio Return per unit of total volatility	-0.27	-1.17	+0.90
Sortino ratio Return per unit of downside risk	-0.10	-2.10	+2.01
Omega ratio Gain probability vs. loss probability	0.99	0.77	+0.22
Calmar ratio Return relative to maximum drawdown	-0.34	-0.95	+0.60
Martin ratio Return relative to average drawdown	-0.52	-2.06	+1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WXET vs. SCO - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.27, which is higher than the SCO Sharpe Ratio of -1.17. The chart below compares the historical Sharpe Ratios of WXET and SCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WXET	SCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	-1.17	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	-0.37	+0.06

Drawdowns

WXET vs. SCO - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum SCO drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for WXET and SCO.

Drawdown Indicators

	WXET	SCO	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-99.74%	+51.43%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-66.72%	+31.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-94.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.36%	—
Current Drawdown Current decline from peak	-31.67%	-99.74%	+68.07%
Average Drawdown Average peak-to-trough decline	-30.87%	-85.06%	+54.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.25%	30.65%	-7.40%

Volatility

WXET vs. SCO - Volatility Comparison

The current volatility for Teucrium 2x Daily Wheat ETF (WXET) is 15.43%, while ProShares UltraShort Bloomberg Crude Oil (SCO) has a volatility of 20.62%. This indicates that WXET experiences smaller price fluctuations and is considered to be less risky than SCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	SCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.43%	20.62%	-5.19%
Volatility (6M) Calculated over the trailing 6-month period	33.88%	40.00%	-6.12%
Volatility (1Y) Calculated over the trailing 1-year period	45.34%	53.59%	-8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.43%	59.08%	-13.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.43%	71.74%	-26.31%

WXET vs. SCO - Expense Ratio Comparison

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

Dividends

WXET vs. SCO - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 2.22%, while SCO has not paid dividends to shareholders.

	TTM	2025	2024
WXET Teucrium 2x Daily Wheat ETF	2.22%	3.57%	0.13%
SCO ProShares UltraShort Bloomberg Crude Oil	0.00%	0.00%	0.00%