SPY vs WXET
State Street SPDR S&P 500 ETF Trust vs Teucrium 2x Daily Wheat ETF
Quick Verdict
SPY has a lower expense ratio. WXET delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | WXET | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.95% | |
| AUM | $821.1B | $7M | |
| Dividend Yield | 1.01% | 1.73% | |
| Holdings | 505 | 3 | |
| YTD Return | +14.24% | +50.36% | |
| 1Y Return | +21.71% | +31.90% | |
| 3Y Return (annualized) | +22.10% | - | |
| 5Y Return (annualized) | +13.21% | - | |
| Volatility (annualized) | 15.3% | 32.4% | |
| Max Drawdown | -56.5% | -48.3% | |
| Fund Family | State Street Investment Management | Teucrium | |
| Category | Equity | Commodity | |
| Inception | Jan 22, 1993 | Dec 12, 2024 |
SPY vs WXET Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Teucrium 2x Daily Wheat ETF (WXET) is a ETF from Teucrium. Over the past year SPY returned +21.71% while WXET returned +31.90%. Year to date, SPY is up 14.24% versus a gain of 50.36% for WXET.
Risk: Volatility and Drawdowns
WXET has been the more volatile fund, with annualized monthly volatility of 32.4% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -48.3% for WXET. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while WXET charges 0.95%. On a $10,000 position that is $9 vs $95 annually, a gap of $86 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.73% for WXET.
Frequently Asked Questions
Which is cheaper, SPY or WXET?
SPY has an expense ratio of 0.09% while WXET charges 0.95%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, SPY or WXET?
Over the past year SPY returned +21.71% vs +31.90% for WXET, so WXET leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.86% vs -4.37% for WXET. Past performance does not guarantee future results.
Which is riskier, SPY or WXET?
WXET has been the more volatile fund at 32.4% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs WXET -48.3%.
Should I hold both SPY and WXET?
SPY and WXET have a monthly-return correlation of -0.01, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or WXET?
SPY yields 1.01% while WXET yields 1.73%, so WXET currently pays the higher dividend yield.
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