WEAT vs. PDBA
WEAT (Teucrium Wheat Fund) and PDBA (Invesco Agriculture Commodity Strategy No K-1 ETF) are both Agricultural Commodities funds. WEAT is passively managed, while PDBA is actively managed. Over the past 3 years, WEAT returned -10.48%/yr vs 13.50%/yr for PDBA. At a 0.40 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 0.59%/yr for PDBA.
Performance
WEAT vs. PDBA - 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 PDBA's 5.38% 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%
PDBA
- 1D
- -0.89%
- 1M
- -4.99%
- YTD
- 5.38%
- 6M
- 5.65%
- 1Y
- 3.79%
- 3Y*
- 13.50%
- 5Y*
- —
- 10Y*
- —
WEAT vs. PDBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 13.52% | -17.14% | -19.26% | -25.19% | -4.09% |
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 5.38% | -0.76% | 34.16% | 7.83% | -1.60% |
Correlation
The correlation between WEAT and PDBA is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022 | 0.40 |
The correlation between WEAT and PDBA shifts across timeframes, from 0.36 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. PDBA — Risk / Return Rank
WEAT
PDBA
WEAT vs. PDBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA). 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 | PDBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.47 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.03 | 0.92 | -0.95 |
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 | PDBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.35 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | — | — |
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 | 0.84 | -1.25 |
Drawdowns
WEAT vs. PDBA - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than PDBA's maximum drawdown of -12.45%. Use the drawdown chart below to compare losses from any high point for WEAT and PDBA.
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Drawdown Indicators
| WEAT | PDBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -12.45% | -71.87% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -8.05% | -9.80% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -12.45% | -33.82% |
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 | -82.12% | -6.47% | -75.65% |
Average DrawdownAverage peak-to-trough decline | -63.12% | -3.79% | -59.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 4.14% | +7.15% |
Volatility
WEAT vs. PDBA - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 10.00% compared to Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) at 4.05%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than PDBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | PDBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 4.05% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 6.51% | +11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 10.77% | +11.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.51% | 13.29% | +17.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.80% | 13.29% | +13.51% |
WEAT vs. PDBA - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than PDBA's 0.59% expense ratio.
Dividends
WEAT vs. PDBA - Dividend Comparison
WEAT has not paid dividends to shareholders, while PDBA's dividend yield for the trailing twelve months is around 3.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 3.15% | 3.32% | 13.01% | 6.82% | 0.74% |
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEAT and PDBA have a correlation of 0.47, 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 PDBA (4.05%). In terms of maximum drawdown, WEAT dropped -84.32% vs PDBA's -12.45%.
On 3-year performance, PDBA leads with 13.50% vs -10.48% for WEAT. On fees, PDBA is cheaper at 0.59% per year. On volatility, PDBA has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PDBA has performed better with a 13.50% return vs -10.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PDBA is cheaper with a 0.59% expense ratio, compared with 1.91% for WEAT.
PDBA has the higher dividend yield at 3.15%, compared with 0.00% for WEAT.
They also come from different issuers: Teucrium and Invesco. Their fees differ too: 1.91% for WEAT and 0.59% for PDBA.
PDBA currently has the higher Sharpe Ratio (0.35 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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