CANE vs. WEAT

Last updated Jun 24, 2026

CANE (Teucrium Sugar Fund) and WEAT (Teucrium Wheat Fund) are both Agricultural Commodities funds from Teucrium - CANE tracks the Teucrium Sugar Fund Benchmark while WEAT tracks the Teucrium Wheat Fund Benchmark. Both are passively managed. Over the past 10 years, CANE returned -2.91%/yr vs -6.28%/yr for WEAT. At a 0.14 correlation, their price movements are largely independent. CANE charges 1.88%/yr vs 1.91%/yr for WEAT.

Performance

CANE vs. WEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Sugar Fund (CANE) 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, CANE achieves a -5.28% return, which is significantly lower than WEAT's 12.27% return. Over the past 10 years, CANE has outperformed WEAT with an annualized return of -2.91%, while WEAT has yielded a comparatively lower -6.28% annualized return.

CANE

• 1D: 0.54%
• 1M: -6.67%
• YTD: -5.28%
• 6M: -5.84%
• 1Y: -16.08%
• 3Y*: -12.00%
• 5Y*: 2.30%
• 10Y*: -2.91%

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)

CANE vs. WEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CANE Teucrium Sugar Fund	-5.28%	-14.65%	-7.79%	30.06%	3.59%	36.30%	-3.85%	-0.97%	-27.52%	-24.76%
WEAT Teucrium Wheat Fund	12.27%	-17.14%	-19.26%	-25.19%	7.98%	19.39%	5.81%	-1.35%	-1.17%	-12.79%

Correlation

The correlation between CANE and WEAT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011	0.14

The correlation between CANE and WEAT shifts across timeframes, from 0.08 (3 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CANE vs. WEAT — Risk / Return Rank

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

CANE

CANE Risk / Return Rank: 3
CANE Sharpe Ratio Rank: 3
CANE Sortino Ratio Rank: 3
CANE Omega Ratio Rank: 3
CANE Calmar Ratio Rank: 2
CANE Martin Ratio Rank: 2

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.

CANE vs. WEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) 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.

	CANE	WEAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.79	-0.22	-0.57
Sortino ratio: Return per unit of downside risk	-1.06	-0.18	-0.87
Omega ratio: Gain probability vs. loss probability	0.89	0.98	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.81	-0.34	-0.48
Martin ratio: Return relative to average drawdown	-1.28	-0.56	-0.72

CANE vs. WEAT - Sharpe Ratio Comparison

The current CANE Sharpe Ratio is -0.79, which is lower than the WEAT Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of CANE 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

CANE vs. WEAT - Drawdown Comparison

The maximum CANE drawdown since its inception was -81.30%, roughly equal to the maximum WEAT drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for CANE and WEAT.

Drawdown Indicators

	CANE	WEAT	Difference
Max Drawdown Largest peak-to-trough decline	-81.30%	-84.32%	+3.02%
Max Drawdown (1Y) Largest decline over 1 year	-19.82%	-14.31%	-5.51%
Max Drawdown (3Y) Largest decline over 3 years	-41.73%	-46.27%	+4.54%
Max Drawdown (5Y) Largest decline over 5 years	-41.73%	-67.83%	+26.10%
Max Drawdown (10Y) Largest decline over 10 years	-67.29%	-67.83%	+0.54%
Current Drawdown Current decline from peak	-64.88%	-82.31%	+17.43%
Average Drawdown Average peak-to-trough decline	-56.51%	-63.17%	+6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.58%	9.64%	+2.94%

Volatility

CANE vs. WEAT - Volatility Comparison

Teucrium Sugar Fund (CANE) and Teucrium Wheat Fund (WEAT) have volatilities of 4.97% and 4.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CANE	WEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	4.87%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	15.84%	18.17%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	22.00%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.98%	30.44%	-9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	26.78%	-5.08%

CANE vs. WEAT - Expense Ratio Comparison

CANE has a 1.88% expense ratio, which is lower than WEAT's 1.91% expense ratio.

Dividends

CANE vs. WEAT - Dividend Comparison

Neither CANE nor WEAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CANE and WEAT in my portfolio?

CANE and WEAT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CANE or WEAT?

CANE has higher volatility (4.97%) compared to WEAT (4.87%). In terms of maximum drawdown, CANE dropped -81.30% vs WEAT's -84.32%.

Which ETF is better, CANE or WEAT?

On 10-year performance, CANE leads with -2.91% vs -6.28% for WEAT. On fees, CANE is cheaper at 1.88% 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, CANE or WEAT?

Over the 10-year period, CANE has performed better with a -2.91% return vs -6.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CANE or WEAT?

CANE is cheaper with a 1.88% expense ratio, compared with 1.91% for WEAT.

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

CANE and WEAT have nearly identical dividend yields, around 0.00%.

What is the main difference between CANE and WEAT?

CANE tracks Teucrium Sugar Fund Benchmark, while WEAT tracks Teucrium Wheat Fund Benchmark. Their fees differ too: 1.88% for CANE and 1.91% for WEAT.

Which has better risk-adjusted returns?

WEAT currently has the higher Sharpe Ratio (-0.22 vs -0.79), 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.