WEAT vs. SPY
Compare and contrast key facts about Teucrium Wheat Fund (WEAT) and SPDR S&P 500 ETF (SPY).
WEAT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEAT is a passively managed fund by Teucrium that tracks the performance of the Teucrium Wheat Fund Benchmark. It was launched on Sep 19, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both WEAT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEAT or SPY.
Correlation
The correlation between WEAT and SPY is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WEAT vs. SPY - Performance Comparison
Key characteristics
WEAT:
-0.83
SPY:
0.51
WEAT:
-1.18
SPY:
0.86
WEAT:
0.88
SPY:
1.13
WEAT:
-0.22
SPY:
0.55
WEAT:
-0.86
SPY:
2.26
WEAT:
20.95%
SPY:
4.55%
WEAT:
21.82%
SPY:
20.08%
WEAT:
-81.78%
SPY:
-55.19%
WEAT:
-81.70%
SPY:
-9.89%
Returns By Period
In the year-to-date period, WEAT achieves a -3.73% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, WEAT has underperformed SPY with an annualized return of -7.55%, while SPY has yielded a comparatively higher 11.99% annualized return.
WEAT
-3.73%
-1.07%
-9.20%
-20.27%
-3.21%
-7.55%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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WEAT vs. SPY - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
WEAT vs. SPY — Risk-Adjusted Performance Rank
WEAT
SPY
WEAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and SPDR S&P 500 ETF (SPY). 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.
Dividends
WEAT vs. SPY - Dividend Comparison
WEAT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
WEAT vs. SPY - Drawdown Comparison
The maximum WEAT drawdown since its inception was -81.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WEAT and SPY. For additional features, visit the drawdowns tool.
Volatility
WEAT vs. SPY - Volatility Comparison
The current volatility for Teucrium Wheat Fund (WEAT) is 4.99%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that WEAT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.