WEAT.L vs. ^VVIX
WEAT.L (WisdomTree Wheat) is Agricultural Commodities fund tracking the Bloomberg Wheat, while ^VVIX (CBOE VIX Volatility Index) is an index. Over the past 10 years, WEAT.L returned -8.08%/yr vs 0.61%/yr for ^VVIX. At a correlation of -0.03, they often move in opposite directions.
Performance
WEAT.L vs. ^VVIX - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT.L achieves a 11.66% return, which is significantly higher than ^VVIX's -7.47% return. Over the past 10 years, WEAT.L has underperformed ^VVIX with an annualized return of -8.08%, while ^VVIX has yielded a comparatively higher 0.61% annualized return.
WEAT.L
- 1D
- -1.58%
- 1M
- -7.12%
- YTD
- 11.66%
- 6M
- 5.25%
- 1Y
- -2.03%
- 3Y*
- -11.71%
- 5Y*
- -11.44%
- 10Y*
- -8.08%
^VVIX
- 1D
- -4.51%
- 1M
- -9.98%
- YTD
- -7.47%
- 6M
- -6.06%
- 1Y
- -5.55%
- 3Y*
- -0.01%
- 5Y*
- -4.54%
- 10Y*
- 0.61%
WEAT.L vs. ^VVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT.L WisdomTree Wheat | 11.66% | -17.67% | -20.50% | -25.55% | -7.13% | 14.05% | 9.10% | 6.89% | 3.27% | -13.04% |
^VVIX CBOE VIX Volatility Index | -7.47% | -11.18% | 19.97% | 12.86% | -29.74% | -1.96% | 18.87% | 8.02% | -13.55% | 10.00% |
Correlation
The correlation between WEAT.L and ^VVIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2006 | -0.03 |
The correlation between WEAT.L and ^VVIX shifts across timeframes, from -0.03 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT.L vs. ^VVIX — Risk / Return Rank
WEAT.L
^VVIX
WEAT.L vs. ^VVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Wheat (WEAT.L) and CBOE VIX Volatility Index (^VVIX). 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.
| WEAT.L | ^VVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.14 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.17 | -0.24 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WEAT.L | ^VVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | -0.07 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.05 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | 0.01 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.01 | -0.30 |
Drawdowns
WEAT.L vs. ^VVIX - Drawdown Comparison
The maximum WEAT.L drawdown since its inception was -94.69%, which is greater than ^VVIX's maximum drawdown of -78.10%. Use the drawdown chart below to compare losses from any high point for WEAT.L and ^VVIX.
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Drawdown Indicators
| WEAT.L | ^VVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.69% | -78.10% | -16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -38.94% | +20.06% |
Max Drawdown (3Y)Largest decline over 3 years | -49.17% | -52.75% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -73.81% | -53.07% | -20.74% |
Max Drawdown (10Y)Largest decline over 10 years | -73.81% | -64.71% | -9.10% |
Current DrawdownCurrent decline from peak | -94.04% | -58.69% | -35.35% |
Average DrawdownAverage peak-to-trough decline | -77.33% | -43.41% | -33.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 23.20% | -11.26% |
Volatility
WEAT.L vs. ^VVIX - Volatility Comparison
The current volatility for WisdomTree Wheat (WEAT.L) is 10.97%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 12.53%. This indicates that WEAT.L experiences smaller price fluctuations and is considered to be less risky than ^VVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT.L | ^VVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 12.53% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 59.37% | -39.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 82.86% | -58.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.56% | 87.13% | -54.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 85.80% | -57.02% |
Frequently Asked Questions
WEAT.L and ^VVIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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