WXET vs. UGLD

Last updated Jul 15, 2026

WXET (Teucrium 2x Daily Wheat ETF) and UGLD (Direxion Daily Gold Bull 2X ETF) are both Leveraged Commodities funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. WXET charges 0.95%/yr vs 1.07%/yr for UGLD.

Performance

WXET vs. UGLD - Performance Comparison

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

Returns By Period

WXET

• 1D: 2.82%
• 1M: 16.24%
• 6M: 37.44%
• YTD: 39.83%
• 1Y: 6.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGLD

• 1D: -5.24%
• 1M: -11.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WXET vs. UGLD - Yearly Performance Comparison

	2026 (YTD)
WXET Teucrium 2x Daily Wheat ETF	3.04%
UGLD Direxion Daily Gold Bull 2X ETF	-20.62%

Correlation

The correlation between WXET and UGLD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.15

Return for Risk

WXET vs. UGLD — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 13
WXET Sharpe Ratio Rank: 12
WXET Sortino Ratio Rank: 14
WXET Omega Ratio Rank: 13
WXET Calmar Ratio Rank: 12
WXET Martin Ratio Rank: 11

UGLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. UGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and Direxion Daily Gold Bull 2X ETF (UGLD). 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	UGLD	Difference
Sharpe ratio: Return per unit of total volatility	0.13	—	—
Sortino ratio: Return per unit of downside risk	0.58	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.21	—	—
Martin ratio: Return relative to average drawdown	0.38	—	—

Drawdowns

WXET vs. UGLD - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, which is greater than UGLD's maximum drawdown of -24.38%. Use the drawdown chart below to compare losses from any high point for WXET and UGLD.

Drawdown Indicators

	WXET	UGLD	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-24.38%	-23.93%
Max Drawdown (1Y) Largest decline over 1 year	-30.76%	—	—
Current Drawdown Current decline from peak	-27.71%	-24.38%	-3.33%
Average Drawdown Average peak-to-trough decline	-30.79%	-14.81%	-15.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.77%	—	—

Volatility

Volatility by Period

	WXET	UGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	48.92%	54.54%	-5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.46%	54.54%	-6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.46%	54.54%	-6.08%

WXET vs. UGLD - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is lower than UGLD's 1.07% expense ratio.

Dividends

WXET vs. UGLD - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 1.73%, more than UGLD's 0.24% yield.

Position	TTM	2025	2024
UGLD Direxion Daily Gold Bull 2X ETF	0.24%	0.00%	0.00%
WXET Teucrium 2x Daily Wheat ETF	1.73%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and UGLD in my portfolio?

WXET and UGLD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WXET or UGLD?

On fees, WXET is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WXET or UGLD?

WXET is cheaper with a 0.95% expense ratio, compared with 1.07% for UGLD.

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

WXET has the higher dividend yield at 1.73%, compared with 0.24% for UGLD.

What is the main difference between WXET and UGLD?

They also come from different issuers: Teucrium and Direxion. Their fees differ too: 0.95% for WXET and 1.07% for UGLD.