WEAT vs. FLUD
WEAT (Teucrium Wheat Fund) and FLUD (Franklin Ultra Short Bond ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton. WEAT is passively managed, while FLUD is actively managed. Over the past 5 years, WEAT returned -7.07%/yr vs 3.65%/yr for FLUD. At a correlation of -0.03, they often move in opposite directions. WEAT charges 1.91%/yr vs 0.15%/yr for FLUD.
Performance
WEAT vs. FLUD - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 12.27% return, which is significantly higher than FLUD's 1.68% return.
WEAT
- 1D
- -1.45%
- 1M
- -8.68%
- YTD
- 12.27%
- 6M
- 10.61%
- 1Y
- -4.80%
- 3Y*
- -14.72%
- 5Y*
- -7.07%
- 10Y*
- -6.28%
FLUD
- 1D
- 0.08%
- 1M
- 0.31%
- YTD
- 1.68%
- 6M
- 1.75%
- 1Y
- 4.50%
- 3Y*
- 5.25%
- 5Y*
- 3.65%
- 10Y*
- —
WEAT vs. FLUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 12.27% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 12.14% |
FLUD Franklin Ultra Short Bond ETF | 1.68% | 5.36% | 5.44% | 5.95% | 0.16% | 0.09% | 0.71% |
Correlation
The correlation between WEAT and FLUD is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | -0.03 |
The correlation between WEAT and FLUD shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. FLUD — Risk / Return Rank
WEAT
FLUD
WEAT vs. FLUD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Franklin Ultra Short Bond ETF (FLUD). 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 | FLUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -4.67 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.61 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 10.33 | -10.67 |
| Martin ratioReturn relative to average drawdown | -0.56 | 41.22 | -41.78 |
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Drawdowns
WEAT vs. FLUD - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than FLUD's maximum drawdown of -1.66%. Use the drawdown chart below to compare losses from any high point for WEAT and FLUD.
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Drawdown Indicators
| WEAT | FLUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -1.66% | -82.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.31% | -0.44% | -13.87% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -0.59% | -45.68% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -1.66% | -66.17% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | — | — |
Current DrawdownCurrent decline from peak | -82.31% | -0.00% | -82.31% |
Average DrawdownAverage peak-to-trough decline | -63.17% | -0.24% | -62.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.64% | 0.11% | +9.53% |
Volatility
WEAT vs. FLUD - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 4.87% compared to Franklin Ultra Short Bond ETF (FLUD) at 0.39%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than FLUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | FLUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 0.39% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.17% | 0.78% | +17.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 1.61% | +20.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.44% | 1.34% | +29.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.78% | 1.26% | +25.52% |
WEAT vs. FLUD - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than FLUD's 0.15% expense ratio.
Dividends
WEAT vs. FLUD - Dividend Comparison
WEAT has not paid dividends to shareholders, while FLUD's dividend yield for the trailing twelve months is around 4.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 4.26% | 4.51% | 4.97% | 4.72% | 1.39% | 0.92% | 0.93% |
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEAT and FLUD have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (4.87%) compared to FLUD (0.39%). In terms of maximum drawdown, WEAT dropped -84.32% vs FLUD's -1.66%.
On 5-year performance, FLUD leads with 3.65% vs -7.07% for WEAT. On fees, FLUD is cheaper at 0.15% per year. On volatility, FLUD has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLUD has performed better with a 3.65% return vs -7.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLUD is cheaper with a 0.15% expense ratio, compared with 1.91% for WEAT.
FLUD has the higher dividend yield at 4.26%, compared with 0.00% for WEAT.
WEAT is categorized as Agricultural Commodities, while FLUD is Ultrashort Bond. They also come from different issuers: Teucrium and Franklin Templeton. Their fees differ too: 1.91% for WEAT and 0.15% for FLUD.
FLUD currently has the higher Sharpe Ratio (2.83 vs -0.22), 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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