WEAT vs. DBA
WEAT (Teucrium Wheat Fund) and DBA (Invesco DB Agriculture Fund) are both Agricultural Commodities funds - WEAT tracks the Teucrium Wheat Fund Benchmark while DBA tracks the DBIQ Diversified Agriculture Index Excess Return. Both are passively managed. Over the past 10 years, WEAT returned -6.15%/yr vs 3.67%/yr for DBA. A 0.54 correlation means they provide meaningful diversification when combined. WEAT charges 1.91%/yr vs 0.88%/yr for DBA.
Performance
WEAT vs. DBA - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 13.92% return, which is significantly higher than DBA's 4.43% return. Over the past 10 years, WEAT has underperformed DBA with an annualized return of -6.15%, while DBA has yielded a comparatively higher 3.67% annualized return.
WEAT
- 1D
- -0.83%
- 1M
- -7.33%
- YTD
- 13.92%
- 6M
- 12.62%
- 1Y
- -5.21%
- 3Y*
- -14.30%
- 5Y*
- -7.11%
- 10Y*
- -6.15%
DBA
- 1D
- 0.08%
- 1M
- -3.30%
- YTD
- 4.43%
- 6M
- 4.76%
- 1Y
- 4.55%
- 3Y*
- 11.76%
- 5Y*
- 11.03%
- 10Y*
- 3.67%
WEAT vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 13.92% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
DBA Invesco DB Agriculture Fund | 4.43% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
Correlation
The correlation between WEAT and DBA is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.54 |
The correlation between WEAT and DBA shifts across timeframes, from 0.36 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. DBA — Risk / Return Rank
WEAT
DBA
WEAT vs. DBA - Risk-Adjusted Trends 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.
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.
| WEAT | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.08 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.53 | -0.86 |
| Martin ratioReturn relative to average drawdown | -0.54 | 1.15 | -1.70 |
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Drawdowns
WEAT vs. DBA - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, 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.
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Drawdown Indicators
| WEAT | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -67.97% | -16.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -8.67% | -6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -12.36% | -33.91% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -15.94% | -51.89% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -39.12% | -28.71% |
Current DrawdownCurrent decline from peak | -82.05% | -26.48% | -55.57% |
Average DrawdownAverage peak-to-trough decline | -63.17% | -41.06% | -22.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 3.96% | +7.00% |
Volatility
WEAT vs. DBA - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 4.91% compared to Invesco DB Agriculture Fund (DBA) at 2.85%. 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.
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Volatility by Period
| WEAT | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 2.85% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 6.65% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 10.60% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.44% | 13.93% | +16.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.78% | 13.06% | +13.72% |
WEAT vs. DBA - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than DBA's 0.88% expense ratio.
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 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.42% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEAT and DBA have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (4.91%) compared to DBA (2.85%). In terms of maximum drawdown, WEAT dropped -84.32% vs DBA's -67.97%.
On 10-year performance, DBA leads with 3.67% vs -6.15% for WEAT. On fees, DBA is cheaper at 0.88% per year. On volatility, DBA has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBA has performed better with a 3.67% return vs -6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBA is cheaper with a 0.88% expense ratio, compared with 1.91% for WEAT.
DBA has the higher dividend yield at 3.42%, compared with 0.00% for WEAT.
WEAT tracks Teucrium Wheat Fund Benchmark, while DBA tracks DBIQ Diversified Agriculture Index Excess Return. They also come from different issuers: Teucrium and Invesco. Their fees differ too: 1.91% for WEAT and 0.88% for DBA.
DBA currently has the higher Sharpe Ratio (0.43 vs -0.24), 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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