TAGS vs. WEAT
TAGS (Teucrium Agricultural Fund) and WEAT (Teucrium Wheat Fund) are both Agricultural Commodities funds from Teucrium - TAGS tracks the Teucrium TAGS Index while WEAT tracks the Teucrium Wheat Fund Benchmark. Both are passively managed. Over the past 10 years, TAGS returned -1.88%/yr vs -6.28%/yr for WEAT. At a 0.48 correlation, their price movements are largely independent. TAGS charges 0.21%/yr vs 1.91%/yr for WEAT.
Performance
TAGS vs. WEAT - Performance Comparison
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Returns By Period
In the year-to-date period, TAGS achieves a 3.23% return, which is significantly lower than WEAT's 12.27% return. Over the past 10 years, TAGS has outperformed WEAT with an annualized return of -1.88%, while WEAT has yielded a comparatively lower -6.28% annualized return.
TAGS
- 1D
- -0.50%
- 1M
- -6.52%
- YTD
- 3.23%
- 6M
- 2.30%
- 1Y
- -4.35%
- 3Y*
- -10.24%
- 5Y*
- -0.80%
- 10Y*
- -1.88%
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%
TAGS vs. WEAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAGS Teucrium Agricultural Fund | 3.23% | -8.76% | -14.57% | -6.11% | 16.25% | 27.05% | 8.19% | -4.53% | -7.10% | -13.94% |
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 TAGS and WEAT is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2012 | 0.48 |
Over the past year, TAGS and WEAT have become more correlated (0.81) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
TAGS vs. WEAT — Risk / Return Rank
TAGS
WEAT
TAGS vs. WEAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) 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.
| TAGS | WEAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.98 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.34 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.86 | -0.56 | -0.30 |
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Drawdowns
TAGS vs. WEAT - Drawdown Comparison
The maximum TAGS drawdown since its inception was -76.40%, smaller than the maximum WEAT drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for TAGS and WEAT.
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Drawdown Indicators
| TAGS | WEAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.40% | -84.32% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -14.31% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -32.73% | -46.27% | +13.54% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -67.83% | +30.23% |
Max Drawdown (10Y)Largest decline over 10 years | -44.72% | -67.83% | +23.11% |
Current DrawdownCurrent decline from peak | -64.67% | -82.31% | +17.64% |
Average DrawdownAverage peak-to-trough decline | -57.24% | -63.17% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 9.64% | -4.40% |
Volatility
TAGS vs. WEAT - Volatility Comparison
The current volatility for Teucrium Agricultural Fund (TAGS) is 3.29%, while Teucrium Wheat Fund (WEAT) has a volatility of 4.87%. This indicates that TAGS 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.
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Volatility by Period
| TAGS | WEAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 4.87% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 18.17% | -7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 22.00% | -9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 30.44% | -14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 26.78% | -8.78% |
TAGS vs. WEAT - Expense Ratio Comparison
TAGS has a 0.21% expense ratio, which is lower than WEAT's 1.91% expense ratio.
Dividends
TAGS vs. WEAT - Dividend Comparison
Neither TAGS nor WEAT has paid dividends to shareholders.
Frequently Asked Questions
TAGS and WEAT have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (4.87%) compared to TAGS (3.29%). In terms of maximum drawdown, TAGS dropped -76.40% vs WEAT's -84.32%.
On 10-year performance, TAGS leads with -1.88% vs -6.28% for WEAT. On fees, TAGS is cheaper at 0.21% per year. On volatility, TAGS has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TAGS has performed better with a -1.88% return vs -6.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAGS is cheaper with a 0.21% expense ratio, compared with 1.91% for WEAT.
TAGS and WEAT have nearly identical dividend yields, around 0.00%.
TAGS tracks Teucrium TAGS Index, while WEAT tracks Teucrium Wheat Fund Benchmark. Their fees differ too: 0.21% for TAGS and 1.91% for WEAT.
WEAT currently has the higher Sharpe Ratio (-0.22 vs -0.35), 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.
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