WXET vs. WEAT
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 -12.17% vs -4.00% 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
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Returns By Period
In the year-to-date period, WXET achieves a 32.18% return, which is significantly higher than WEAT's 14.17% return.
WXET
- 1D
- 2.83%
- 1M
- 2.19%
- YTD
- 32.18%
- 6M
- 26.37%
- 1Y
- -12.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEAT
- 1D
- 1.20%
- 1M
- 0.84%
- YTD
- 14.17%
- 6M
- 12.59%
- 1Y
- -4.00%
- 3Y*
- -13.56%
- 5Y*
- -6.47%
- 10Y*
- -6.62%
WXET vs. WEAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WXET Teucrium 2x Daily Wheat ETF | 32.18% | -37.99% | -0.40% |
WEAT Teucrium Wheat Fund | 14.17% | -17.14% | 0.00% |
Correlation
The correlation between WXET and WEAT is 0.97 — 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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024 | 0.97 |
The correlation between WXET and WEAT has been stable across timeframes, ranging from 0.97 to 0.97 — a consistent structural relationship.
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Return for Risk
WXET vs. WEAT — Risk / Return Rank
WXET
WEAT
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.
| WXET | WEAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.27 | -0.20 | -0.07 |
Sortino ratioReturn per unit of downside risk | -0.10 | -0.15 | +0.06 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.98 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.26 | -0.08 |
Martin ratioReturn relative to average drawdown | -0.52 | -0.41 | -0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WXET | WEAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | -0.20 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | -0.41 | +0.10 |
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.
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Drawdown Indicators
| WXET | WEAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -84.32% | +36.01% |
Max Drawdown (1Y)Largest decline over 1 year | -35.64% | -17.85% | -17.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.83% | — |
Current DrawdownCurrent decline from peak | -31.67% | -82.01% | +50.34% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -62.96% | +32.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.25% | 11.28% | +11.97% |
Volatility
WXET vs. WEAT - Volatility Comparison
Teucrium 2x Daily Wheat ETF (WXET) has a higher volatility of 15.43% compared to Teucrium Wheat Fund (WEAT) at 6.78%. 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.
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Volatility by Period
| WXET | WEAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.43% | 6.78% | +8.65% |
Volatility (6M)Calculated over the trailing 6-month period | 33.88% | 15.30% | +18.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.34% | 20.29% | +25.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.43% | 30.49% | +14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.43% | 26.74% | +18.69% |
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 2.22%, while WEAT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
WXET Teucrium 2x Daily Wheat ETF | 2.22% | 3.57% | 0.13% |
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% |