WEAT vs. GSG
WEAT (Teucrium Wheat Fund) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Index (TWEAT), while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, WEAT returned -4.69%/yr vs 8.91%/yr for GSG. Their 0.26 correlation means their historical movements had little consistent relationship. WEAT charges 1.91%/yr vs 0.75%/yr for GSG.
Performance
WEAT vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 19.23% return, which is significantly lower than GSG's 38.94% return. Over the past 10 years, WEAT has underperformed GSG with an annualized return of -4.69%, while GSG has yielded a comparatively higher 8.91% annualized return.
WEAT
- 1D
- -3.29%
- 1M
- 6.29%
- 6M
- 13.54%
- YTD
- 19.23%
- 1Y
- 9.47%
- 3Y*
- -10.44%
- 5Y*
- -7.18%
- 10Y*
- -4.69%
- ALL TIME*
- -10.45%
GSG
- 1D
- 0.28%
- 1M
- 13.10%
- 6M
- 25.75%
- YTD
- 38.94%
- 1Y
- 40.53%
- 3Y*
- 14.13%
- 5Y*
- 14.47%
- 10Y*
- 8.91%
- ALL TIME*
- -2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.60M | $17.31M | $26.52M | |
| $15.37M | $12.62M | $15.36M |
WEAT vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 19.23% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 38.94% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between WEAT and GSG is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.26 |
The correlation between WEAT and GSG shifts across timeframes, from 0.21 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. GSG — Risk / Return Rank
WEAT
GSG
WEAT vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.16 | -1.51 |
| Martin ratioReturn relative to average drawdown | 1.67 | 6.99 | -5.32 |
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Drawdowns
WEAT vs. GSG - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for WEAT and GSG.
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Drawdown Indicators
| WEAT | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -89.62% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -18.81% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -40.21% | -18.81% | -21.40% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -29.12% | -38.71% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -57.64% | -10.19% |
Current DrawdownCurrent decline from peak | -81.22% | -58.05% | -23.17% |
Average DrawdownAverage peak-to-trough decline | -63.30% | -63.67% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 5.84% | -0.07% |
Volatility
WEAT vs. GSG - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 8.78% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 8.11%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.78% | 8.11% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 19.79% | 22.18% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.84% | 24.23% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.33% | 22.86% | +7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.84% | 22.06% | +4.78% |
WEAT vs. GSG - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
WEAT vs. GSG - Dividend Comparison
Neither WEAT nor GSG has paid dividends to shareholders.
Frequently Asked Questions
WEAT and GSG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (8.78%) compared to GSG (8.11%). In terms of maximum drawdown, WEAT dropped -84.32% vs GSG's -89.62%.
On 10-year performance, GSG leads with 8.91% vs -4.69% for WEAT. On fees, GSG is cheaper at 0.75% per year. On volatility, GSG has been the lower-risk option at 8.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GSG has performed better with a 8.91% return vs -4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 1.91% for WEAT.
WEAT and GSG have nearly identical dividend yields, around 0.00%.
WEAT is categorized as Agricultural Commodities, while GSG is Commodities. WEAT tracks Teucrium Wheat Index (TWEAT), while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 1.91% for WEAT and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.68 vs 0.42), 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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