WEAT vs. DBA
Compare and contrast key facts about Teucrium Wheat Fund (WEAT) and Invesco DB Agriculture Fund (DBA).
WEAT and DBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEAT is a passively managed fund by Teucrium that tracks the performance of the Teucrium Wheat Fund Benchmark. It was launched on Sep 19, 2011. DBA is a passively managed fund by Invesco that tracks the performance of the DBIQ Diversified Agriculture Index TR. It was launched on Jan 5, 2007. Both WEAT and DBA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEAT or DBA.
Key characteristics
| WEAT | DBA | |
|---|---|---|
| YTD Return | -19.60% | 24.83% |
| 1Y Return | -15.49% | 21.46% |
| 3Y Return (Ann) | -15.69% | 11.09% |
| 5Y Return (Ann) | -2.11% | 11.40% |
| 10Y Return (Ann) | -8.83% | 0.81% |
| Sharpe Ratio | -0.71 | 1.19 |
| Sortino Ratio | -0.93 | 1.68 |
| Omega Ratio | 0.90 | 1.22 |
| Calmar Ratio | -0.20 | 0.46 |
| Martin Ratio | -1.14 | 3.74 |
| Ulcer Index | 14.56% | 5.79% |
| Daily Std Dev | 23.59% | 18.21% |
| Max Drawdown | -81.34% | -67.97% |
| Current Drawdown | -81.07% | -33.77% |
Correlation
The correlation between WEAT and DBA is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WEAT vs. DBA - Performance Comparison
In the year-to-date period, WEAT achieves a -19.60% return, which is significantly lower than DBA's 24.83% return. Over the past 10 years, WEAT has underperformed DBA with an annualized return of -8.83%, while DBA has yielded a comparatively higher 0.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WEAT vs. DBA - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than DBA's 0.94% expense ratio.
Risk-Adjusted Performance
WEAT vs. DBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Invesco DB Agriculture Fund (DBA). 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.
Dividends
WEAT vs. DBA - Dividend Comparison
WEAT has not paid dividends to shareholders, while DBA's dividend yield for the trailing twelve months is around 3.71%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBA Invesco DB Agriculture Fund | 3.71% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
Drawdowns
WEAT vs. DBA - Drawdown Comparison
The maximum WEAT drawdown since its inception was -81.34%, which is greater than DBA's maximum drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for WEAT and DBA. For additional features, visit the drawdowns tool.
Volatility
WEAT vs. DBA - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 4.96% compared to Invesco DB Agriculture Fund (DBA) at 3.95%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than DBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.