SOYB vs. WEAT
Compare and contrast key facts about Teucrium Soybean Fund (SOYB) and Teucrium Wheat Fund (WEAT).
SOYB and WEAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOYB is a passively managed fund by Teucrium that tracks the performance of the Teucrium Soybean Fund Benchmark. It was launched on Sep 19, 2011. WEAT is a passively managed fund by Teucrium that tracks the performance of the Teucrium Wheat Fund Benchmark. It was launched on Sep 19, 2011. Both SOYB and WEAT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOYB or WEAT.
Key characteristics
| SOYB | WEAT | |
|---|---|---|
| YTD Return | -21.18% | -19.60% |
| 1Y Return | -26.20% | -15.49% |
| 3Y Return (Ann) | -0.99% | -15.69% |
| 5Y Return (Ann) | 6.60% | -2.11% |
| 10Y Return (Ann) | 0.03% | -8.83% |
| Sharpe Ratio | -1.70 | -0.71 |
| Sortino Ratio | -2.49 | -0.93 |
| Omega Ratio | 0.74 | 0.90 |
| Calmar Ratio | -0.94 | -0.20 |
| Martin Ratio | -1.53 | -1.14 |
| Ulcer Index | 17.20% | 14.56% |
| Daily Std Dev | 15.47% | 23.59% |
| Max Drawdown | -53.76% | -81.34% |
| Current Drawdown | -27.36% | -81.07% |
Correlation
The correlation between SOYB and WEAT is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SOYB vs. WEAT - Performance Comparison
In the year-to-date period, SOYB achieves a -21.18% return, which is significantly lower than WEAT's -19.60% return. Over the past 10 years, SOYB has outperformed WEAT with an annualized return of 0.03%, while WEAT has yielded a comparatively lower -8.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOYB vs. WEAT - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is lower than WEAT's 1.91% expense ratio.
Risk-Adjusted Performance
SOYB vs. WEAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) 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.
Dividends
SOYB vs. WEAT - Dividend Comparison
Neither SOYB nor WEAT has paid dividends to shareholders.
Drawdowns
SOYB vs. WEAT - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, smaller than the maximum WEAT drawdown of -81.34%. Use the drawdown chart below to compare losses from any high point for SOYB and WEAT. For additional features, visit the drawdowns tool.
Volatility
SOYB vs. WEAT - Volatility Comparison
The current volatility for Teucrium Soybean Fund (SOYB) is 3.96%, while Teucrium Wheat Fund (WEAT) has a volatility of 4.96%. This indicates that SOYB experiences smaller price fluctuations and is considered to be less risky than WEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.