WXET vs. WEAT

Last updated Jun 24, 2026

WXET (Teucrium 2x Daily Wheat ETF) and WEAT (Teucrium Wheat Fund) are both exchange-traded funds - WXET is a Leveraged Commodities fund actively managed by Teucrium, while WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark. WXET is actively managed, while WEAT is passively managed. Over the past year, WXET returned -16.72% vs -4.80% for WEAT. With a 0.97 correlation, they move nearly in lockstep. WXET charges 0.95%/yr vs 1.91%/yr for WEAT.

Performance

WXET vs. WEAT - Performance Comparison

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

Returns By Period

In the year-to-date period, WXET achieves a 20.90% return, which is significantly higher than WEAT's 12.27% return.

WXET

• 1D: -3.02%
• 1M: -17.97%
• YTD: 20.90%
• 6M: 15.80%
• 1Y: -16.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WEAT

• 1D: -1.45%
• 1M: -8.68%
• YTD: 12.27%
• 6M: 10.61%
• 1Y: -4.80%
• 3Y*: -14.72%
• 5Y*: -7.07%
• 10Y*: -6.28%

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

WXET vs. WEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WXET Teucrium 2x Daily Wheat ETF	20.90%	-37.99%	-0.40%
WEAT Teucrium Wheat Fund	12.27%	-17.14%	-0.82%

Correlation

The correlation between WXET and WEAT is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.97

The correlation between WXET and WEAT has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

WXET vs. WEAT — Risk / Return Rank

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

WXET

WXET Risk / Return Rank: 6
WXET Sharpe Ratio Rank: 6
WXET Sortino Ratio Rank: 6
WXET Omega Ratio Rank: 7
WXET Calmar Ratio Rank: 4
WXET Martin Ratio Rank: 5

WEAT

WEAT Risk / Return Rank: 6
WEAT Sharpe Ratio Rank: 7
WEAT Sortino Ratio Rank: 6
WEAT Omega Ratio Rank: 6
WEAT Calmar Ratio Rank: 6
WEAT Martin Ratio Rank: 6

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. WEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Wheat ETF (WXET) and Teucrium Wheat Fund (WEAT). 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	WEAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	-0.22	-0.13
Sortino ratio: Return per unit of downside risk	-0.21	-0.18	-0.03
Omega ratio: Gain probability vs. loss probability	0.98	0.98	0.00
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.34	-0.23
Martin ratio: Return relative to average drawdown	-0.90	-0.56	-0.35

WXET vs. WEAT - Sharpe Ratio Comparison

The current WXET Sharpe Ratio is -0.35, which is lower than the WEAT Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of WXET and WEAT, 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. WEAT - Drawdown Comparison

The maximum WXET drawdown since its inception was -48.31%, smaller than the maximum WEAT drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for WXET and WEAT.

Drawdown Indicators

	WXET	WEAT	Difference
Max Drawdown Largest peak-to-trough decline	-48.31%	-84.32%	+36.01%
Max Drawdown (1Y) Largest decline over 1 year	-29.75%	-14.31%	-15.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-46.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.83%	—
Current Drawdown Current decline from peak	-37.50%	-82.31%	+44.81%
Average Drawdown Average peak-to-trough decline	-30.63%	-63.17%	+32.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.81%	9.64%	+10.17%

Volatility

WXET vs. WEAT - Volatility Comparison

Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 11.84% compared to Teucrium Wheat Fund (WEAT) at 4.87%. This indicates that WXET's price experiences larger fluctuations and is considered to be riskier than WEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WXET	WEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.84%	4.87%	+6.97%
Volatility (6M) Calculated over the trailing 6-month period	39.84%	18.17%	+21.67%
Volatility (1Y) Calculated over the trailing 1-year period	48.74%	22.00%	+26.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.12%	30.44%	+17.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.12%	26.78%	+21.34%

WXET vs. WEAT - Expense Ratio Comparison

WXET has a 0.95% expense ratio, which is lower than WEAT's 1.91% expense ratio.

Dividends

WXET vs. WEAT - Dividend Comparison

WXET's dividend yield for the trailing twelve months is around 2.08%, while WEAT has not paid dividends to shareholders.

Position	TTM	2025	2024
WEAT Teucrium Wheat Fund	0.00%	0.00%	0.00%
WXET Teucrium 2x Daily Wheat ETF	2.08%	3.57%	0.13%

Frequently Asked Questions

Can I hold both WXET and WEAT in my portfolio?

With a correlation of 0.98, WXET and WEAT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WXET or WEAT?

WXET has higher volatility (11.84%) compared to WEAT (4.87%). In terms of maximum drawdown, WXET dropped -48.31% vs WEAT's -84.32%.

Which ETF is better, WXET or WEAT?

On 1-year performance, WEAT leads with -4.80% vs -16.72% for WXET. On fees, WXET is cheaper at 0.95% per year. On volatility, WEAT has been the lower-risk option at 4.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WXET or WEAT?

Over the 1-year period, WEAT has performed better with a -4.80% return vs -16.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WXET or WEAT?

WXET is cheaper with a 0.95% expense ratio, compared with 1.91% for WEAT.

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

WXET has the higher dividend yield at 2.08%, compared with 0.00% for WEAT.

What is the main difference between WXET and WEAT?

WXET is categorized as Leveraged Commodities, while WEAT is Agricultural Commodities. Their fees differ too: 0.95% for WXET and 1.91% for WEAT.

Which has better risk-adjusted returns?

WEAT currently has the higher Sharpe Ratio (-0.22 vs -0.35), 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.