WEAT.L vs. ^VVIX

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Wheat (WEAT.L) and CBOE VIX Volatility Index (^VVIX).

WEAT.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Wheat. It was launched on Sep 22, 2006.

Performance

WEAT.L vs. ^VVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Wheat (WEAT.L) and CBOE VIX Volatility Index (^VVIX). The values are adjusted to include any dividend payments, if applicable.

WEAT.L vs. ^VVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEAT.L WisdomTree Wheat	21.12%	-17.67%	-20.50%	-25.55%	-7.13%	14.05%	9.10%	6.89%	3.27%	-13.04%
^VVIX CBOE VIX Volatility Index	25.23%	-11.18%	19.97%	12.86%	-29.74%	-1.96%	18.87%	8.02%	-13.55%	10.00%

Returns By Period

In the year-to-date period, WEAT.L achieves a 21.12% return, which is significantly lower than ^VVIX's 25.23% return. Over the past 10 years, WEAT.L has underperformed ^VVIX with an annualized return of -6.84%, while ^VVIX has yielded a comparatively higher 3.59% annualized return.

WEAT.L

• 1D: 2.07%
• 1M: 5.67%
• YTD: 21.12%
• 6M: 16.79%
• 1Y: 5.73%
• 3Y*: -12.81%
• 5Y*: -7.85%
• 10Y*: -6.84%

^VVIX

• 1D: -9.22%
• 1M: 4.65%
• YTD: 25.23%
• 6M: 21.02%
• 1Y: 17.08%
• 3Y*: 9.86%
• 5Y*: 3.24%
• 10Y*: 3.59%

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

Return for Risk

WEAT.L vs. ^VVIX — Risk / Return Rank

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

WEAT.L

WEAT.L Risk / Return Rank: 18
WEAT.L Sharpe Ratio Rank: 20
WEAT.L Sortino Ratio Rank: 21
WEAT.L Omega Ratio Rank: 18
WEAT.L Calmar Ratio Rank: 15
WEAT.L Martin Ratio Rank: 14

^VVIX

^VVIX Risk / Return Rank: 22
^VVIX Sharpe Ratio Rank: 24
^VVIX Sortino Ratio Rank: 39
^VVIX Omega Ratio Rank: 36
^VVIX Calmar Ratio Rank: 3
^VVIX Martin Ratio Rank: 10

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.

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 ratio Return per unit of total volatility	0.27	0.18	+0.10
Sortino ratio Return per unit of downside risk	0.54	0.96	-0.42
Omega ratio Gain probability vs. loss probability	1.06	1.12	-0.06
Calmar ratio Return relative to maximum drawdown	0.17	-0.41	+0.58
Martin ratio Return relative to average drawdown	0.27	-0.52	+0.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEAT.L vs. ^VVIX - Sharpe Ratio Comparison

The current WEAT.L Sharpe Ratio is 0.27, which is higher than the ^VVIX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of WEAT.L and ^VVIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WEAT.L	^VVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.18	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	0.04	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.24	0.04	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	0.03	-0.30

Correlation

The correlation between WEAT.L and ^VVIX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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.

Drawdown Indicators

	WEAT.L	^VVIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.69%	-78.10%	-16.59%
Max Drawdown (1Y) Largest decline over 1 year	-18.88%	-52.04%	+33.16%
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 Drawdown Current decline from peak	-93.53%	-44.10%	-49.43%
Average Drawdown Average peak-to-trough decline	-77.19%	-43.32%	-33.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.84%	40.60%	-28.76%

Volatility

WEAT.L vs. ^VVIX - Volatility Comparison

The current volatility for WisdomTree Wheat (WEAT.L) is 8.50%, while CBOE VIX Volatility Index (^VVIX) has a volatility of 37.88%. 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.

Volatility by Period

	WEAT.L	^VVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	37.88%	-29.38%
Volatility (6M) Calculated over the trailing 6-month period	15.18%	69.56%	-54.38%
Volatility (1Y) Calculated over the trailing 1-year period	21.05%	95.54%	-74.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.35%	87.96%	-55.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.65%	85.85%	-57.20%