Skip to content
etf.net

QLD vs WXET

ProShares Ultra QQQ

QLDANYSE Arca

Teucrium 2x Daily Wheat ETF

WXETCNYSE Arca

Overlap

Expense ratio

QLD −0.06pt a year

QLD0.89%WXET0.95%

Avg volume · 30D

QLD 214.3×the volume

QLD4.15MWXET19.3K

QLD vs WXET Performance

Oct 31, 2025 – Nov 2, 2026

+7.6%QLD−1.9%WXET

Oct 31, 2025 to Nov 2, 2026. QLD +7.6%. WXET −1.9%. Use the arrow keys to read each point.−20%20%40%60%Oct 2025May 2026Nov 2026
Expense ratio
QLD 0.89%, better
WXET 0.95%
Fund size
QLD $13.3B
WXET $6M
1Y total return
QLD +7.6%, better
WXET −1.9%
Yield (12M)
QLD 0.15%
WXET 2.04%, better
Holdings
QLD 113
WXET 3
Avg volume (30D)
QLD 4.15M sh, better
WXET 19.3K sh
NAV per share
QLD $82.56
WXET $16.51
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. WXET: Cost 51, Risk 45, Mission not scored, Tradability 51, Holdings not scored, Durability 41.
Pillar letters and Scores for QLD, WXET, with each pillar’s weight
PillarQLDWXET
Cost30% weightA72HigherC51
Mission25% weightA95Not scored
Risk15% weightB66HigherC45
Tradability15% weightA100HigherC51
Holdings10% weightA72Not scored
Durability5% weightA81HigherC41

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QLD and WXET are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and WXET 30th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 78
  2. Rank 2AUYGProShares Ultra FinancialsScore 73
  3. Rank 28CUVXYProShares Ultra VIX Short-Term Futures ETFScore 49
  4. Rank 30CWXETTeucrium 2x Daily Wheat ETFScore 48
  5. Rank 31CMQQQTradr 2X Long Innovation 100 Monthly ETFScore 47

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

WXETCTeucrium 2x Daily Wheat ETF

In short

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

WXET Wheat, doubled. WXET aims for twice the daily move of wheat futures inside a regular brokerage account: no futures broker, no K-1 at tax time. A daily-reset trading tool from the shop that built its name on grains.

Stated mandate

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

WXET The fund seeks, before fees and expenses, to deliver twice the daily price performance of wheat. It is designed for short-term trading and does not seek to meet its objective over periods longer than one day.

Why people hold it

  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.
  • WXET Leverage pointed at a farm commodity, not another tech index. The fund seeks twice the daily price move of wheat futures, a market driven by weather, harvests and geopolitics.teucrium.com
  • A 0.95% expense ratio comes in under the median for leveraged funds, and the exposure arrives in an ordinary brokerage account with no futures account to open.teucrium.com
  • Built as a 1940 Act fund, so tax season brings a Form 1099 instead of the Schedule K-1 that Teucrium's commodity-pool funds such as WEAT and CORN generate.teucrium.com
  • Teucrium has focused on agricultural commodities since 2010; WXET and a corn twin, launched together in December 2024, were its first leveraged funds.prweb.com

Worth knowing

  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.
  • WXET A one-day instrument by design. The leverage resets daily, so results over longer stretches can drift well away from 2x the wheat move, especially in choppy markets.teucrium.com
  • Small and thinly traded next to the big leveraged equity funds, so spreads and order size deserve attention before you hit the button.
  • Young fund, live since December 2024, so there is limited history showing how it behaves across a full grain cycle.

Full QLD profile⁠

Full WXET profile⁠

QLD vs WXET Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QLD vs WXET Cost

Overpaying WXET vs QLD

$997

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QLD 0.89%

    $16,872

  • WXET 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QLD 0.89%
  • WXET 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WXET $17,869QLD $16,872

Year by year

YearQLDWXETOverpaying
10$1,576$1,678$102
20$5,953$6,322$369
30$16,872$17,869$997

Expense ratio

  • 0.89%QLD, cheaper
  • 0.95%WXET
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

WXET 32nd cheapest of 95 funds

QLD vs WXET Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
QLD 0.15%
WXET 2.04%, better
Payout (12M)
QLD $0.12
WXET $0.34
Last payment
QLD $0.03
WXET $0.03
Ex-dividend
QLD Sep 23, 2026
WXET Oct 26, 2026
Paid on
QLD Sep 29, 2026
WXET Oct 27, 2026
Frequency
QLD Quarterly
WXET Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QLDQuarterly · 13 paymentsAll QLD payments⁠
One bar per payment. 13 payments from 2023 to 2026 YTD. Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$0.1020232026YTD
WXETMonthly · 23 paymentsAll WXET payments⁠
One bar per payment. 23 payments from 2023 to 2026 YTD. Dec 24, 2024 $0.03; Jan 27, 2025 $0.04; Feb 25, 2025 $0.06; Mar 25, 2025 $0.05; Apr 25, 2025 $0.07; May 28, 2025 $0.05; Jun 25, 2025 $0.04; Jul 25, 2025 $0.04; Aug 26, 2025 $0.04; Sep 25, 2025 $0.04; Oct 27, 2025 $0.03; Nov 25, 2025 $0.03; Dec 24, 2025 $0.03; Jan 26, 2026 $0.02; Feb 25, 2026 $0.02; Mar 25, 2026 $0.02; Apr 27, 2026 $0.02; May 27, 2026 $0.03; Jun 25, 2026 $0.03; Jul 27, 2026 $0.04; Aug 25, 2026 $0.03; Sep 25, 2026 $0.04; Oct 26, 2026 $0.03. Use the arrow keys to read each point.$0$0.1020232026YTD

QLD vs WXET Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%WXET 47.7%since Jan 2025
Return per unit of riskSharpe ratio, 3 years
QLD 1.04WXET −0.22since Jan 2025
Worst fallMax drawdown, 5 years
QLD −63.7%WXET −45.6%since Dec 2024
Market sensitivityBeta, 5 years
QLD 2.46WXET −0.13

QLD and WXET in the news

All news⁠

Popular comparisons

  • QLDAvsUYGA

    ProShares Ultra QQQ · ProShares Ultra Financials

    Expense ratio
    0.89% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WXETCvsUYGA

    Teucrium 2x Daily Wheat ETF · ProShares Ultra Financials

    Expense ratio
    0.95% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QLDAvsROMA

    ProShares Ultra QQQ · ProShares Ultra Technology

    Expense ratio
    0.89% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WXETCvsROMA

    Teucrium 2x Daily Wheat ETF · ProShares Ultra Technology

    Expense ratio
    0.95% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QLDAvsDDMB

    ProShares Ultra QQQ · ProShares Ultra Dow30

    Expense ratio
    0.89% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WXETCvsDDMB

    Teucrium 2x Daily Wheat ETF · ProShares Ultra Dow30

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.