WEAT vs. GLD
WEAT (Teucrium Wheat Fund) and GLD (SPDR Gold Shares) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, WEAT returned -6.84%/yr vs 13.12%/yr for GLD. At a 0.10 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 0.40%/yr for GLD.
Performance
WEAT vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 13.52% return, which is significantly higher than GLD's 2.92% return. Over the past 10 years, WEAT has underperformed GLD with an annualized return of -6.84%, while GLD has yielded a comparatively higher 13.12% annualized return.
WEAT
- 1D
- -2.07%
- 1M
- -6.32%
- YTD
- 13.52%
- 6M
- 8.73%
- 1Y
- -0.35%
- 3Y*
- -10.48%
- 5Y*
- -7.95%
- 10Y*
- -6.84%
GLD
- 1D
- -0.99%
- 1M
- -1.65%
- YTD
- 2.92%
- 6M
- 5.43%
- 1Y
- 32.04%
- 3Y*
- 31.09%
- 5Y*
- 18.15%
- 10Y*
- 13.12%
WEAT vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 13.52% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
GLD SPDR Gold Shares | 2.92% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between WEAT and GLD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.10 |
The correlation between WEAT and GLD shifts across timeframes, from -0.02 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. GLD — Risk / Return Rank
WEAT
GLD
WEAT vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and SPDR Gold Shares (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.
| WEAT | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.68 | -1.70 |
| Martin ratioReturn relative to average drawdown | -0.03 | 4.15 | -4.18 |
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 | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.21 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 1.01 | -1.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.26 | 0.83 | -1.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.60 | -1.01 |
Drawdowns
WEAT vs. GLD - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, 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.
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Drawdown Indicators
| WEAT | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -45.56% | -38.76% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -19.21% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -19.21% | -27.06% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -21.03% | -46.80% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -22.00% | -45.83% |
Current DrawdownCurrent decline from peak | -82.12% | -17.75% | -64.37% |
Average DrawdownAverage peak-to-trough decline | -63.12% | -16.16% | -46.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 7.73% | +3.56% |
Volatility
WEAT vs. GLD - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 10.00% compared to SPDR Gold Shares (GLD) at 5.51%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 5.51% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 23.16% | -5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 26.61% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.51% | 18.00% | +12.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.80% | 15.95% | +10.85% |
WEAT vs. GLD - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
WEAT vs. GLD - Dividend Comparison
Neither WEAT nor GLD has paid dividends to shareholders.
Frequently Asked Questions
WEAT and GLD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (10.00%) compared to GLD (5.51%). In terms of maximum drawdown, WEAT dropped -84.32% vs GLD's -45.56%.
On 10-year performance, GLD leads with 13.12% vs -6.84% for WEAT. On fees, GLD is cheaper at 0.40% per year. On volatility, GLD has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 13.12% return vs -6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 1.91% for WEAT.
WEAT and GLD have nearly identical dividend yields, around 0.00%.
WEAT is categorized as Agricultural Commodities, while GLD is Gold. WEAT tracks Teucrium Wheat Fund Benchmark, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Teucrium and State Street. Their fees differ too: 1.91% for WEAT and 0.40% for GLD.
GLD currently has the higher Sharpe Ratio (1.21 vs -0.02), 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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