SOYB vs. WEAT

Last updated Jun 23, 2026

SOYB (Teucrium Soybean Fund) and WEAT (Teucrium Wheat Fund) are both Agricultural Commodities funds from Teucrium - SOYB tracks the Teucrium Soybean Fund Benchmark while WEAT tracks the Teucrium Wheat Fund Benchmark. Both are passively managed. Over the past 10 years, SOYB returned 1.80%/yr vs -6.15%/yr for WEAT. At a 0.40 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 1.91%/yr for WEAT.

Performance

SOYB vs. WEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Soybean Fund (SOYB) 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, SOYB achieves a 11.34% return, which is significantly lower than WEAT's 13.92% return. Over the past 10 years, SOYB has outperformed WEAT with an annualized return of 1.80%, while WEAT has yielded a comparatively lower -6.15% annualized return.

SOYB

• 1D: 0.29%
• 1M: -2.87%
• YTD: 11.34%
• 6M: 9.94%
• 1Y: 8.71%
• 3Y*: -3.47%
• 5Y*: 1.75%
• 10Y*: 1.80%

WEAT

• 1D: -0.83%
• 1M: -7.33%
• YTD: 13.92%
• 6M: 12.62%
• 1Y: -5.21%
• 3Y*: -14.30%
• 5Y*: -7.11%
• 10Y*: -6.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOYB vs. WEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOYB Teucrium Soybean Fund	11.34%	1.77%	-20.48%	-5.23%	25.27%	16.85%	22.99%	-2.16%	-9.51%	-6.38%
WEAT Teucrium Wheat Fund	13.92%	-17.14%	-19.26%	-25.19%	7.98%	19.39%	5.81%	-1.35%	-1.17%	-12.79%

Correlation

The correlation between SOYB and WEAT is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011	0.40

The correlation between SOYB and WEAT shifts across timeframes, from 0.39 (10 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SOYB vs. WEAT — Risk / Return Rank

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

SOYB

SOYB Risk / Return Rank: 20
SOYB Sharpe Ratio Rank: 20
SOYB Sortino Ratio Rank: 19
SOYB Omega Ratio Rank: 19
SOYB Calmar Ratio Rank: 22
SOYB Martin Ratio Rank: 22

WEAT

WEAT Risk / Return Rank: 6
WEAT Sharpe Ratio Rank: 6
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.

SOYB vs. WEAT - Risk-Adjusted Trends 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.

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.

	SOYB	WEAT	Difference
Sharpe ratio: Return per unit of total volatility	0.68	-0.24	+0.92
Sortino ratio: Return per unit of downside risk	1.03	-0.21	+1.24
Omega ratio: Gain probability vs. loss probability	1.13	0.98	+0.15
Calmar ratio: Return relative to maximum drawdown	1.00	-0.34	+1.33
Martin ratio: Return relative to average drawdown	2.56	-0.54	+3.10

SOYB vs. WEAT - Sharpe Ratio Comparison

The current SOYB Sharpe Ratio is 0.68, which is higher than the WEAT Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of SOYB 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

SOYB vs. WEAT - Drawdown Comparison

The maximum SOYB drawdown since its inception was -53.76%, smaller than the maximum WEAT drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for SOYB and WEAT.

Drawdown Indicators

	SOYB	WEAT	Difference
Max Drawdown Largest peak-to-trough decline	-53.76%	-84.32%	+30.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-15.58%	+6.80%
Max Drawdown (3Y) Largest decline over 3 years	-31.01%	-46.27%	+15.26%
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	-67.83%	+36.82%
Max Drawdown (10Y) Largest decline over 10 years	-37.49%	-67.83%	+30.34%
Current Drawdown Current decline from peak	-16.96%	-82.05%	+65.09%
Average Drawdown Average peak-to-trough decline	-25.73%	-63.17%	+37.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	10.96%	-7.45%

Volatility

SOYB vs. WEAT - Volatility Comparison

The current volatility for Teucrium Soybean Fund (SOYB) is 3.09%, while Teucrium Wheat Fund (WEAT) has a volatility of 4.91%. 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.

Volatility by Period

	SOYB	WEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	4.91%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	18.10%	-9.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.90%	22.00%	-9.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	30.44%	-12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	26.78%	-9.85%

SOYB vs. WEAT - Expense Ratio Comparison

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

Dividends

SOYB vs. WEAT - Dividend Comparison

Neither SOYB nor WEAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SOYB and WEAT in my portfolio?

SOYB and WEAT have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOYB or WEAT?

WEAT has higher volatility (4.91%) compared to SOYB (3.09%). In terms of maximum drawdown, SOYB dropped -53.76% vs WEAT's -84.32%.

Which ETF is better, SOYB or WEAT?

On 10-year performance, SOYB leads with 1.80% vs -6.15% for WEAT. On fees, SOYB is cheaper at 1.88% per year. On volatility, SOYB has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOYB or WEAT?

Over the 10-year period, SOYB has performed better with a 1.80% return vs -6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOYB or WEAT?

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

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

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

What is the main difference between SOYB and WEAT?

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

Which has better risk-adjusted returns?

SOYB currently has the higher Sharpe Ratio (0.68 vs -0.24), 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.