WXET vs. TAGS

Last updated Jul 17, 2026

WXET (Teucrium 2x Daily Wheat ETF) and TAGS (Teucrium Agricultural Fund) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while TAGS is a Agricultural Commodities fund tracking the Teucrium TAGS Index. WXET is actively managed, while TAGS is passively managed. Over the past year, WXET returned 16.30% vs 3.55% for TAGS. A 0.76 correlation means they provide meaningful diversification when combined. WXET charges 0.95%/yr vs 0.21%/yr for TAGS.

Performance

WXET vs. TAGS - Performance Comparison

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

Returns By Period

In the year-to-date period, WXET achieves a 53.02% return, which is significantly higher than TAGS's 9.27% return.

WXET

• 1D: -1.20%
• 1M: 23.90%
• 6M: 50.80%
• YTD: 53.02%
• 1Y: 16.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAGS

• 1D: -1.10%
• 1M: 5.02%
• 6M: 11.02%
• YTD: 9.27%
• 1Y: 3.55%
• 3Y*: -6.91%
• 5Y*: -0.49%
• 10Y*: -1.04%

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

WXET vs. TAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	53.02%	-37.99%	-0.40%
TAGS Teucrium Agricultural Fund	9.27%	-8.76%	-1.32%

Correlation

The correlation between WXET and TAGS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.76

The correlation between WXET and TAGS has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

Return for Risk

WXET vs. TAGS — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 17
WXET Sharpe Ratio Rank: 15
WXET Sortino Ratio Rank: 19
WXET Omega Ratio Rank: 18
WXET Calmar Ratio Rank: 17
WXET Martin Ratio Rank: 15

TAGS

TAGS Risk / Return Rank: 14
TAGS Sharpe Ratio Rank: 14
TAGS Sortino Ratio Rank: 13
TAGS Omega Ratio Rank: 13
TAGS Calmar Ratio Rank: 14
TAGS Martin Ratio Rank: 14

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. TAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and Teucrium Agricultural Fund (TAGS). 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	TAGS	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.28	+0.05
Sortino ratio: Return per unit of downside risk	0.88	0.51	+0.38
Omega ratio: Gain probability vs. loss probability	1.10	1.06	+0.04
Calmar ratio: Return relative to maximum drawdown	0.53	0.37	+0.16
Martin ratio: Return relative to average drawdown	0.97	0.75	+0.22

WXET vs. TAGS - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is 0.33, which is comparable to the TAGS Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of WXET and TAGS, 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. TAGS - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum TAGS drawdown of -76.40%. Use the drawdown chart below to compare losses from any high point for WXET and TAGS.

Drawdown Indicators

	WXET	TAGS	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-76.40%	+28.09%
Max Drawdown (1Y) Largest decline over 1 year	-30.76%	-9.65%	-21.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-32.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.51%	—
Current Drawdown Current decline from peak	-20.90%	-62.61%	+41.71%
Average Drawdown Average peak-to-trough decline	-30.74%	-57.26%	+26.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.78%	4.74%	+12.04%

Volatility

WXET vs. TAGS - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 18.12% compared to Teucrium Agricultural Fund (TAGS) at 4.71%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than TAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	TAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.12%	4.71%	+13.41%
Volatility (6M) Calculated over the trailing 6-month period	42.61%	10.73%	+31.88%
Volatility (1Y) Calculated over the trailing 1-year period	50.06%	12.86%	+37.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.10%	16.11%	+32.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.10%	18.00%	+31.10%

WXET vs. TAGS - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is higher than TAGS's 0.21% expense ratio.

Dividends

WXET vs. TAGS - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 1.58%, while TAGS has not paid dividends to shareholders.

Position	TTM	2025	2024
TAGS Teucrium Agricultural Fund	0.00%	0.00%	0.00%
WXET Teucrium 2x Daily Wheat ETF	1.58%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and TAGS in my portfolio?

WXET and TAGS have a correlation of 0.82, 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 TAGS?

WXET has higher volatility (18.12%) compared to TAGS (4.71%). In terms of maximum drawdown, WXET dropped -48.31% vs TAGS's -76.40%.

Which ETF is better, WXET or TAGS?

On 1-year performance, WXET leads with 16.30% vs 3.55% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, TAGS has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or TAGS?

Over the 1-year period, WXET has performed better with a 16.30% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or TAGS?

TAGS is cheaper with a 0.21% expense ratio, compared with 0.95% for WXET.

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

WXET has the higher dividend yield at 1.58%, compared with 0.00% for TAGS.

What is the main difference between WXET and TAGS?

WXET is categorized as Leveraged Commodities, while TAGS is Agricultural Commodities. Their fees differ too: 0.95% for WXET and 0.21% for TAGS.

Which has better risk-adjusted returns?

WXET currently has the higher Sharpe Ratio (0.33 vs 0.28), 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.