WEAT vs. GLD
Compare and contrast key facts about Teucrium Wheat Fund (WEAT) and SPDR Gold Trust (GLD).
WEAT and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both WEAT and GLD 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 GLD.
Key characteristics
| WEAT | GLD | |
|---|---|---|
| YTD Return | -19.60% | 23.98% |
| 1Y Return | -15.49% | 30.48% |
| 3Y Return (Ann) | -15.69% | 10.84% |
| 5Y Return (Ann) | -2.11% | 11.42% |
| 10Y Return (Ann) | -8.83% | 7.60% |
| Sharpe Ratio | -0.71 | 2.04 |
| Sortino Ratio | -0.93 | 2.74 |
| Omega Ratio | 0.90 | 1.36 |
| Calmar Ratio | -0.20 | 3.79 |
| Martin Ratio | -1.14 | 12.68 |
| Ulcer Index | 14.56% | 2.38% |
| Daily Std Dev | 23.59% | 14.77% |
| Max Drawdown | -81.34% | -45.56% |
| Current Drawdown | -81.07% | -7.96% |
Correlation
The correlation between WEAT and GLD is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WEAT vs. GLD - Performance Comparison
In the year-to-date period, WEAT achieves a -19.60% return, which is significantly lower than GLD's 23.98% return. Over the past 10 years, WEAT has underperformed GLD with an annualized return of -8.83%, while GLD has yielded a comparatively higher 7.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WEAT vs. GLD - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
WEAT vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
Neither WEAT nor GLD has paid dividends to shareholders.
Drawdowns
WEAT vs. GLD - Drawdown Comparison
The maximum WEAT drawdown since its inception was -81.34%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for WEAT and GLD. For additional features, visit the drawdowns tool.
Volatility
WEAT vs. GLD - Volatility Comparison
The current volatility for Teucrium Wheat Fund (WEAT) is 4.96%, while SPDR Gold Trust (GLD) has a volatility of 5.43%. This indicates that WEAT experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.