WEAT.L vs. FAGR.L
WEAT.L (WisdomTree Wheat) and FAGR.L (WisdomTree Agriculture Longer Dated) are both Agricultural Commodities funds from WisdomTree - WEAT.L tracks the Bloomberg Wheat while FAGR.L tracks the Bloomberg Agriculture 3 Month Forward. Both are passively managed. Over the past 5 years, WEAT.L returned -11.44%/yr vs 2.39%/yr for FAGR.L. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
WEAT.L vs. FAGR.L - 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 FAGR.L's 5.54% 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%
FAGR.L
- 1D
- -2.30%
- 1M
- -5.58%
- YTD
- 5.54%
- 6M
- 1.56%
- 1Y
- 3.36%
- 3Y*
- 0.10%
- 5Y*
- 2.39%
- 10Y*
- —
WEAT.L vs. FAGR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEAT.L WisdomTree Wheat | 11.66% | -17.67% | -20.50% | -25.55% | -7.13% | 14.05% | 9.10% | 13.33% |
FAGR.L WisdomTree Agriculture Longer Dated | 5.54% | 0.20% | -7.02% | -4.05% | 16.44% | 29.51% | 11.44% | 6.28% |
Correlation
The correlation between WEAT.L and FAGR.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019 | 0.36 |
Over the past year, WEAT.L and FAGR.L have become more correlated (0.73) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
WEAT.L vs. FAGR.L — Risk / Return Rank
WEAT.L
FAGR.L
WEAT.L vs. FAGR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Wheat (WEAT.L) and WisdomTree Agriculture Longer Dated (FAGR.L). 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 | FAGR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.05 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.43 | -0.54 |
| Martin ratioReturn relative to average drawdown | -0.17 | 0.82 | -0.99 |
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 | FAGR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.27 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.21 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.76 | -1.05 |
Drawdowns
WEAT.L vs. FAGR.L - Drawdown Comparison
The maximum WEAT.L drawdown since its inception was -94.69%, which is greater than FAGR.L's maximum drawdown of -29.85%. Use the drawdown chart below to compare losses from any high point for WEAT.L and FAGR.L.
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Drawdown Indicators
| WEAT.L | FAGR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.69% | -29.85% | -64.84% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -7.81% | -11.07% |
Max Drawdown (3Y)Largest decline over 3 years | -49.17% | -22.43% | -26.74% |
Max Drawdown (5Y)Largest decline over 5 years | -73.81% | -29.85% | -43.96% |
Max Drawdown (10Y)Largest decline over 10 years | -73.81% | — | — |
Current DrawdownCurrent decline from peak | -94.04% | -19.52% | -74.52% |
Average DrawdownAverage peak-to-trough decline | -77.33% | -15.30% | -62.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 4.07% | +7.87% |
Volatility
WEAT.L vs. FAGR.L - Volatility Comparison
WisdomTree Wheat (WEAT.L) has a higher volatility of 10.97% compared to WisdomTree Agriculture Longer Dated (FAGR.L) at 5.73%. This indicates that WEAT.L's price experiences larger fluctuations and is considered to be riskier than FAGR.L 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 | FAGR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 5.73% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 9.37% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 12.55% | +11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.56% | 22.75% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 25.90% | +2.88% |
WEAT.L vs. FAGR.L - Expense Ratio Comparison
Both WEAT.L and FAGR.L have an expense ratio of 0.49%.
Dividends
WEAT.L vs. FAGR.L - Dividend Comparison
Neither WEAT.L nor FAGR.L has paid dividends to shareholders.
Frequently Asked Questions
WEAT.L and FAGR.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WEAT.L and FAGR.L have the same expense ratio: 0.49% per year.
WEAT.L tracks Bloomberg Wheat, while FAGR.L tracks Bloomberg Agriculture 3 Month Forward.
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