WEAT vs. NOG
WEAT (Teucrium Wheat Fund) is Agricultural Commodities fund tracking the Teucrium Wheat Index (TWEAT), while NOG (Northern Oil and Gas, Inc.) is a stock. Over the past 10 years, WEAT returned -4.69%/yr vs -2.51%/yr for NOG. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
WEAT vs. NOG - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 19.23% return, which is significantly higher than NOG's 2.37% return. Over the past 10 years, WEAT has underperformed NOG with an annualized return of -4.69%, while NOG has yielded a comparatively higher -2.51% 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%
NOG
- 1D
- 1.49%
- 1M
- 20.44%
- 6M
- -12.08%
- YTD
- 2.37%
- 1Y
- -18.99%
- 3Y*
- -13.95%
- 5Y*
- 9.05%
- 10Y*
- -2.51%
- ALL TIME*
- -2.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.84M | $61.54M | $65.18M | |
| $15.37M | $12.62M | $15.36M |
WEAT vs. NOG - 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% |
NOG Northern Oil and Gas, Inc. | 2.37% | -38.20% | 4.84% | 25.54% | 54.51% | 136.72% | -62.56% | 3.54% | 10.24% | -25.45% |
Correlation
The correlation between WEAT and NOG is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.10 |
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Return for Risk
WEAT vs. NOG — Risk / Return Rank
WEAT
NOG
WEAT vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Northern Oil and Gas, Inc. (NOG). 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 | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.96 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.46 | +1.12 |
| Martin ratioReturn relative to average drawdown | 1.67 | -1.03 | +2.69 |
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Drawdowns
WEAT vs. NOG - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, smaller than the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for WEAT and NOG.
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Drawdown Indicators
| WEAT | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -98.96% | +14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -41.43% | +26.99% |
Max Drawdown (3Y)Largest decline over 3 years | -40.21% | -55.08% | +14.87% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -55.08% | -12.75% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -92.15% | +24.32% |
Current DrawdownCurrent decline from peak | -81.22% | -91.84% | +10.62% |
Average DrawdownAverage peak-to-trough decline | -63.30% | -69.89% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 19.41% | -13.64% |
Volatility
WEAT vs. NOG - Volatility Comparison
The current volatility for Teucrium Wheat Fund (WEAT) is 8.78%, while Northern Oil and Gas, Inc. (NOG) has a volatility of 16.52%. This indicates that WEAT experiences smaller price fluctuations and is considered to be less risky than NOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.78% | 16.52% | -7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.79% | 33.58% | -13.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.84% | 46.31% | -23.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.33% | 49.16% | -18.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.84% | 70.52% | -43.68% |
Dividends
WEAT vs. NOG - Dividend Comparison
WEAT has not paid dividends to shareholders, while NOG's dividend yield for the trailing twelve months is around 8.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NOG Northern Oil and Gas, Inc. | 8.51% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEAT and NOG have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (16.52%) compared to WEAT (8.78%). In terms of maximum drawdown, WEAT dropped -84.32% vs NOG's -98.96%.
WEAT currently has the higher Sharpe Ratio (0.42 vs -0.41), 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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