WXET vs. SOYB

Last updated Jun 3, 2026

WXET (Teucrium 2x Daily Wheat ETF) and SOYB (Teucrium Soybean Fund) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. WXET is actively managed, while SOYB is passively managed. Over the past year, WXET returned -7.52% vs 14.47% for SOYB. At a 0.48 correlation, their price movements are largely independent. WXET charges 0.95%/yr vs 1.88%/yr for SOYB.

Performance

WXET vs. SOYB - Performance Comparison

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

Returns By Period

In the year-to-date period, WXET achieves a 27.79% return, which is significantly higher than SOYB's 12.90% return.

WXET

• 1D: -1.97%
• 1M: -11.55%
• YTD: 27.79%
• 6M: 12.24%
• 1Y: -7.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOYB

• 1D: -1.00%
• 1M: -2.14%
• YTD: 12.90%
• 6M: 6.01%
• 1Y: 14.47%
• 3Y*: -0.07%
• 5Y*: 0.26%
• 10Y*: 1.86%

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

WXET vs. SOYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	27.79%	-37.99%	-0.40%
SOYB Teucrium Soybean Fund	12.90%	1.77%	1.87%

Correlation

The correlation between WXET and SOYB is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.48

The correlation between WXET and SOYB has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

Return for Risk

WXET vs. SOYB — 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: 7
WXET Sortino Ratio Rank: 8
WXET Omega Ratio Rank: 8
WXET Calmar Ratio Rank: 7
WXET Martin Ratio Rank: 8

SOYB

SOYB Risk / Return Rank: 30
SOYB Sharpe Ratio Rank: 30
SOYB Sortino Ratio Rank: 30
SOYB Omega Ratio Rank: 29
SOYB Calmar Ratio Rank: 33
SOYB Martin Ratio Rank: 28

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. SOYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and Teucrium Soybean Fund (SOYB). 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	SOYB	Difference
Sharpe ratio Return per unit of total volatility	-0.15	1.11	-1.26
Sortino ratio Return per unit of downside risk	0.14	1.65	-1.51
Omega ratio Gain probability vs. loss probability	1.01	1.20	-0.19
Calmar ratio Return relative to maximum drawdown	-0.16	1.65	-1.81
Martin ratio Return relative to average drawdown	-0.24	4.06	-4.30
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. SOYB - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.15, which is lower than the SOYB Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of WXET and SOYB, 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	SOYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	1.11	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.00	-0.31

Drawdowns

WXET vs. SOYB - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum SOYB drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for WXET and SOYB.

Drawdown Indicators

	WXET	SOYB	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-53.76%	+5.45%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-8.78%	-26.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.28%	—
Current Drawdown Current decline from peak	-33.94%	-15.80%	-18.14%
Average Drawdown Average peak-to-trough decline	-30.48%	-25.76%	-4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.34%	3.57%	+19.77%

Volatility

WXET vs. SOYB - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 21.55% compared to Teucrium Soybean Fund (SOYB) at 4.05%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than SOYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	SOYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.55%	4.05%	+17.50%
Volatility (6M) Calculated over the trailing 6-month period	39.33%	8.94%	+30.39%
Volatility (1Y) Calculated over the trailing 1-year period	49.90%	13.06%	+36.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.44%	18.00%	+30.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.44%	16.98%	+31.46%

WXET vs. SOYB - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is lower than SOYB's 1.88% expense ratio.

Dividends

WXET vs. SOYB - Dividend Comparison

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

Position	TTM	2025	2024
SOYB Teucrium Soybean Fund	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 SOYB in my portfolio?

WXET and SOYB have a correlation of 0.54, 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 SOYB?

WXET has higher volatility (21.55%) compared to SOYB (4.05%). In terms of maximum drawdown, WXET dropped -48.31% vs SOYB's -53.76%.

Which ETF is better, WXET or SOYB?

On 1-year performance, SOYB leads with 14.47% vs -7.52% for WXET. On fees, WXET is cheaper at 0.95% per year. On volatility, SOYB has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or SOYB?

Over the 1-year period, SOYB has performed better with a 14.47% return vs -7.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or SOYB?

WXET is cheaper with a 0.95% expense ratio, compared with 1.88% for SOYB.

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

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

What is the main difference between WXET and SOYB?

WXET is categorized as Leveraged Commodities, while SOYB is Agricultural Commodities. Their fees differ too: 0.95% for WXET and 1.88% for SOYB.

Which has better risk-adjusted returns?

SOYB currently has the higher Sharpe Ratio (1.11 vs -0.15), 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.