WEAT vs. SOYB

Last updated Jun 23, 2026

WEAT (Teucrium Wheat Fund) and SOYB (Teucrium Soybean Fund) are both Agricultural Commodities funds from Teucrium - WEAT tracks the Teucrium Wheat Fund Benchmark while SOYB tracks the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, WEAT returned -6.15%/yr vs 1.80%/yr for SOYB. At a 0.40 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 1.88%/yr for SOYB.

Performance

WEAT vs. SOYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Wheat Fund (WEAT) and Teucrium Soybean Fund (SOYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEAT achieves a 13.92% return, which is significantly higher than SOYB's 11.34% return. Over the past 10 years, WEAT has underperformed SOYB with an annualized return of -6.15%, while SOYB has yielded a comparatively higher 1.80% annualized return.

WEAT

• 1D: -0.83%
• 1M: -7.33%
• YTD: 13.92%
• 6M: 12.62%
• 1Y: -5.21%
• 3Y*: -14.30%
• 5Y*: -7.11%
• 10Y*: -6.15%

SOYB

• 1D: 0.29%
• 1M: -2.87%
• YTD: 11.34%
• 6M: 9.94%
• 1Y: 8.71%
• 3Y*: -3.47%
• 5Y*: 1.75%
• 10Y*: 1.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEAT vs. SOYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEAT Teucrium Wheat Fund	13.92%	-17.14%	-19.26%	-25.19%	7.98%	19.39%	5.81%	-1.35%	-1.17%	-12.79%
SOYB Teucrium Soybean Fund	11.34%	1.77%	-20.48%	-5.23%	25.27%	16.85%	22.99%	-2.16%	-9.51%	-6.38%

Correlation

The correlation between WEAT and SOYB is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011	0.40

The correlation between WEAT and SOYB shifts across timeframes, from 0.39 (10 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WEAT vs. SOYB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEAT

WEAT Risk / Return Rank: 6
WEAT Sharpe Ratio Rank: 6
WEAT Sortino Ratio Rank: 6
WEAT Omega Ratio Rank: 6
WEAT Calmar Ratio Rank: 6
WEAT Martin Ratio Rank: 6

SOYB

SOYB Risk / Return Rank: 20
SOYB Sharpe Ratio Rank: 20
SOYB Sortino Ratio Rank: 19
SOYB Omega Ratio Rank: 19
SOYB Calmar Ratio Rank: 22
SOYB Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEAT vs. SOYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Teucrium Soybean Fund (SOYB). 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	SOYB	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	0.68	-0.92
Sortino ratio: Return per unit of downside risk	-0.21	1.03	-1.24
Omega ratio: Gain probability vs. loss probability	0.98	1.13	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.34	1.00	-1.33
Martin ratio: Return relative to average drawdown	-0.54	2.56	-3.10

WEAT vs. SOYB - Sharpe Ratio Comparison

The current WEAT Sharpe Ratio is -0.24, which is lower than the SOYB Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of WEAT and SOYB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEAT vs. SOYB - Drawdown Comparison

The maximum WEAT drawdown since its inception was -84.32%, which is greater than SOYB's maximum drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for WEAT and SOYB.

Drawdown Indicators

	WEAT	SOYB	Difference
Max Drawdown Largest peak-to-trough decline	-84.32%	-53.76%	-30.56%
Max Drawdown (1Y) Largest decline over 1 year	-15.58%	-8.78%	-6.80%
Max Drawdown (3Y) Largest decline over 3 years	-46.27%	-31.01%	-15.26%
Max Drawdown (5Y) Largest decline over 5 years	-67.83%	-31.01%	-36.82%
Max Drawdown (10Y) Largest decline over 10 years	-67.83%	-37.49%	-30.34%
Current Drawdown Current decline from peak	-82.05%	-16.96%	-65.09%
Average Drawdown Average peak-to-trough decline	-63.17%	-25.73%	-37.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.96%	3.51%	+7.45%

Volatility

WEAT vs. SOYB - Volatility Comparison

Teucrium Wheat Fund (WEAT) has a higher volatility of 4.91% compared to Teucrium Soybean Fund (SOYB) at 3.09%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than SOYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEAT	SOYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	3.09%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	18.10%	8.94%	+9.16%
Volatility (1Y) Calculated over the trailing 1-year period	22.00%	12.90%	+9.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.44%	17.54%	+12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.78%	16.93%	+9.85%

WEAT vs. SOYB - Expense Ratio Comparison

WEAT has a 1.91% expense ratio, which is higher than SOYB's 1.88% expense ratio.

Dividends

WEAT vs. SOYB - Dividend Comparison

Neither WEAT nor SOYB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WEAT and SOYB in my portfolio?

WEAT and SOYB have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEAT or SOYB?

WEAT has higher volatility (4.91%) compared to SOYB (3.09%). In terms of maximum drawdown, WEAT dropped -84.32% vs SOYB's -53.76%.

Which ETF is better, WEAT or SOYB?

On 10-year performance, SOYB leads with 1.80% vs -6.15% for WEAT. On fees, SOYB is cheaper at 1.88% per year. On volatility, SOYB has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEAT or SOYB?

Over the 10-year period, SOYB has performed better with a 1.80% return vs -6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEAT or SOYB?

SOYB is cheaper with a 1.88% expense ratio, compared with 1.91% for WEAT.

Which ETF pays a higher dividend yield, WEAT or SOYB?

WEAT and SOYB have nearly identical dividend yields, around 0.00%.

What is the main difference between WEAT and SOYB?

WEAT tracks Teucrium Wheat Fund Benchmark, while SOYB tracks Teucrium Soybean Fund Benchmark. Their fees differ too: 1.91% for WEAT and 1.88% for SOYB.

Which has better risk-adjusted returns?

SOYB currently has the higher Sharpe Ratio (0.68 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.