WEAT vs. IBRN
WEAT (Teucrium Wheat Fund) and IBRN (iShares Neuroscience and Healthcare ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Index (TWEAT), while IBRN is a Health & Biotech Equities fund tracking the NYSE FactSet Global Neuro Biopharma and MedTech Index. Both are passively managed. Over the past 3 years, WEAT returned -10.32%/yr vs 16.48%/yr for IBRN. At a correlation of -0.00, they often move in opposite directions. WEAT charges 1.91%/yr vs 0.47%/yr for IBRN.
Performance
WEAT vs. IBRN - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WEAT having a 18.48% return and IBRN slightly lower at 18.23%.
WEAT
- 1D
- -0.25%
- 1M
- 5.91%
- 6M
- 17.19%
- YTD
- 18.48%
- 1Y
- 5.16%
- 3Y*
- -10.32%
- 5Y*
- -6.22%
- 10Y*
- -5.19%
IBRN
- 1D
- -2.16%
- 1M
- 9.69%
- 6M
- 19.74%
- YTD
- 18.23%
- 1Y
- 69.86%
- 3Y*
- 16.48%
- 5Y*
- —
- 10Y*
- —
WEAT vs. IBRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 18.48% | -17.14% | -19.26% | -25.19% | -0.75% |
IBRN iShares Neuroscience and Healthcare ETF | 18.23% | 28.49% | -2.78% | 0.92% | 2.87% |
Correlation
The correlation between WEAT and IBRN is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2022 | -0.00 |
The correlation between WEAT and IBRN shifts across timeframes, from -0.18 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. IBRN — Risk / Return Rank
WEAT
IBRN
WEAT vs. IBRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and iShares Neuroscience and Healthcare ETF (IBRN). 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 | IBRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.43 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 7.98 | -7.62 |
| Martin ratioReturn relative to average drawdown | 0.69 | 22.47 | -21.78 |
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Drawdowns
WEAT vs. IBRN - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than IBRN's maximum drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for WEAT and IBRN.
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Drawdown Indicators
| WEAT | IBRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -35.38% | -48.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -8.80% | -5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -35.38% | -10.89% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | — | — |
Current DrawdownCurrent decline from peak | -81.34% | -5.16% | -76.18% |
Average DrawdownAverage peak-to-trough decline | -63.24% | -9.63% | -53.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.46% | 3.12% | +4.34% |
Volatility
WEAT vs. IBRN - Volatility Comparison
Teucrium Wheat Fund (WEAT) and iShares Neuroscience and Healthcare ETF (IBRN) have volatilities of 6.36% and 6.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | IBRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 6.66% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 18.75% | 19.29% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 25.51% | -3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.29% | 25.34% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.78% | 25.34% | +1.44% |
WEAT vs. IBRN - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than IBRN's 0.47% expense ratio.
Dividends
WEAT vs. IBRN - Dividend Comparison
WEAT has not paid dividends to shareholders, while IBRN's dividend yield for the trailing twelve months is around 0.84%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 0.84% | 0.99% | 0.40% | 0.06% |
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEAT and IBRN have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBRN has higher volatility (6.66%) compared to WEAT (6.36%). In terms of maximum drawdown, WEAT dropped -84.32% vs IBRN's -35.38%.
On 3-year performance, IBRN leads with 16.48% vs -10.32% for WEAT. On fees, IBRN is cheaper at 0.47% per year. On volatility, WEAT has been the lower-risk option at 6.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBRN has performed better with a 16.48% return vs -10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBRN is cheaper with a 0.47% expense ratio, compared with 1.91% for WEAT.
IBRN has the higher dividend yield at 0.84%, compared with 0.00% for WEAT.
WEAT is categorized as Agricultural Commodities, while IBRN is Health & Biotech Equities. WEAT tracks Teucrium Wheat Index (TWEAT), while IBRN tracks NYSE FactSet Global Neuro Biopharma and MedTech Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 1.91% for WEAT and 0.47% for IBRN.
IBRN currently has the higher Sharpe Ratio (2.76 vs 0.24), 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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