WEAT vs. GLDM
WEAT (Teucrium Wheat Fund) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, WEAT returned -7.95%/yr vs 18.49%/yr for GLDM. At a 0.09 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 0.10%/yr for GLDM.
Performance
WEAT vs. GLDM - 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 GLDM's 3.00% 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%
GLDM
- 1D
- -0.96%
- 1M
- -1.62%
- YTD
- 3.00%
- 6M
- 5.60%
- 1Y
- 32.42%
- 3Y*
- 31.49%
- 5Y*
- 18.49%
- 10Y*
- —
WEAT vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 13.52% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -4.20% |
GLDM SPDR Gold MiniShares Trust | 3.00% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
Correlation
The correlation between WEAT and GLDM 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 (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.09 |
The correlation between WEAT and GLDM shifts across timeframes, from -0.02 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. GLDM — Risk / Return Rank
WEAT
GLDM
WEAT vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.70 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.03 | 4.23 | -4.26 |
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 | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.24 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 1.04 | -1.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 1.02 | -1.43 |
Drawdowns
WEAT vs. GLDM - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for WEAT and GLDM.
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Drawdown Indicators
| WEAT | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -21.63% | -62.69% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -19.14% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -19.14% | -27.13% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -20.92% | -46.91% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | — | — |
Current DrawdownCurrent decline from peak | -82.12% | -17.65% | -64.47% |
Average DrawdownAverage peak-to-trough decline | -63.12% | -6.22% | -56.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 7.69% | +3.60% |
Volatility
WEAT vs. GLDM - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 10.00% compared to SPDR Gold MiniShares Trust (GLDM) at 5.47%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 5.47% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 22.99% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 26.39% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.51% | 17.91% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.80% | 16.85% | +9.95% |
WEAT vs. GLDM - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Dividends
WEAT vs. GLDM - Dividend Comparison
Neither WEAT nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
WEAT and GLDM 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 GLDM (5.47%). In terms of maximum drawdown, WEAT dropped -84.32% vs GLDM's -21.63%.
On 5-year performance, GLDM leads with 18.49% vs -7.95% for WEAT. On fees, GLDM is cheaper at 0.10% per year. On volatility, GLDM has been the lower-risk option at 5.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDM has performed better with a 18.49% return vs -7.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDM is cheaper with a 0.10% expense ratio, compared with 1.91% for WEAT.
WEAT and GLDM have nearly identical dividend yields, around 0.00%.
WEAT is categorized as Agricultural Commodities, while GLDM is Gold. WEAT tracks Teucrium Wheat Fund Benchmark, while GLDM tracks LBMA Gold Price PM. They also come from different issuers: Teucrium and State Street. Their fees differ too: 1.91% for WEAT and 0.10% for GLDM.
GLDM currently has the higher Sharpe Ratio (1.24 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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