WEAT vs. TAGS

Last updated Jun 24, 2026

WEAT (Teucrium Wheat Fund) and TAGS (Teucrium Agricultural Fund) are both Agricultural Commodities funds from Teucrium - WEAT tracks the Teucrium Wheat Fund Benchmark while TAGS tracks the Teucrium TAGS Index. Both are passively managed. Over the past 10 years, WEAT returned -6.28%/yr vs -1.88%/yr for TAGS. At a 0.48 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 0.21%/yr for TAGS.

Performance

WEAT vs. TAGS - Performance Comparison

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

Returns By Period

In the year-to-date period, WEAT achieves a 12.27% return, which is significantly higher than TAGS's 3.23% return. Over the past 10 years, WEAT has underperformed TAGS with an annualized return of -6.28%, while TAGS has yielded a comparatively higher -1.88% annualized return.

WEAT

• 1D: -1.45%
• 1M: -8.68%
• YTD: 12.27%
• 6M: 10.61%
• 1Y: -4.80%
• 3Y*: -14.72%
• 5Y*: -7.07%
• 10Y*: -6.28%

TAGS

• 1D: -0.50%
• 1M: -6.52%
• YTD: 3.23%
• 6M: 2.30%
• 1Y: -4.35%
• 3Y*: -10.24%
• 5Y*: -0.80%
• 10Y*: -1.88%

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

WEAT vs. TAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEAT Teucrium Wheat Fund	12.27%	-17.14%	-19.26%	-25.19%	7.98%	19.39%	5.81%	-1.35%	-1.17%	-12.79%
TAGS Teucrium Agricultural Fund	3.23%	-8.76%	-14.57%	-6.11%	16.25%	27.05%	8.19%	-4.53%	-7.10%	-13.94%

Correlation

The correlation between WEAT and TAGS is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Mar 28, 2012	0.48

Over the past year, WEAT and TAGS have become more correlated (0.81) than their long-term average of 0.48, meaning their price movements have been converging.

Return for Risk

WEAT vs. TAGS — 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: 7
WEAT Sortino Ratio Rank: 6
WEAT Omega Ratio Rank: 6
WEAT Calmar Ratio Rank: 6
WEAT Martin Ratio Rank: 6

TAGS

TAGS Risk / Return Rank: 5
TAGS Sharpe Ratio Rank: 6
TAGS Sortino Ratio Rank: 5
TAGS Omega Ratio Rank: 5
TAGS Calmar Ratio Rank: 5
TAGS Martin Ratio Rank: 5

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. TAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Teucrium Agricultural Fund (TAGS). 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	TAGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	-0.35	+0.13
Sortino ratio: Return per unit of downside risk	-0.18	-0.41	+0.23
Omega ratio: Gain probability vs. loss probability	0.98	0.96	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.34	-0.47	+0.13
Martin ratio: Return relative to average drawdown	-0.56	-0.86	+0.30

WEAT vs. TAGS - Sharpe Ratio Comparison

The current WEAT Sharpe Ratio is -0.22, which is higher than the TAGS Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of WEAT and TAGS, 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. TAGS - Drawdown Comparison

The maximum WEAT drawdown since its inception was -84.32%, which is greater than TAGS's maximum drawdown of -76.40%. Use the drawdown chart below to compare losses from any high point for WEAT and TAGS.

Drawdown Indicators

	WEAT	TAGS	Difference
Max Drawdown Largest peak-to-trough decline	-84.32%	-76.40%	-7.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.31%	-9.30%	-5.01%
Max Drawdown (3Y) Largest decline over 3 years	-46.27%	-32.73%	-13.54%
Max Drawdown (5Y) Largest decline over 5 years	-67.83%	-37.60%	-30.23%
Max Drawdown (10Y) Largest decline over 10 years	-67.83%	-44.72%	-23.11%
Current Drawdown Current decline from peak	-82.31%	-64.67%	-17.64%
Average Drawdown Average peak-to-trough decline	-63.17%	-57.24%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.64%	5.24%	+4.40%

Volatility

WEAT vs. TAGS - Volatility Comparison

Teucrium Wheat Fund (WEAT) has a higher volatility of 4.87% compared to Teucrium Agricultural Fund (TAGS) at 3.29%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than TAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEAT	TAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	3.29%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	18.17%	10.32%	+7.85%
Volatility (1Y) Calculated over the trailing 1-year period	22.00%	12.68%	+9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.44%	16.33%	+14.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.78%	18.00%	+8.78%

WEAT vs. TAGS - Expense Ratio Comparison

WEAT has a 1.91% expense ratio, which is higher than TAGS's 0.21% expense ratio.

Dividends

WEAT vs. TAGS - Dividend Comparison

Neither WEAT nor TAGS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WEAT and TAGS in my portfolio?

WEAT and TAGS have a correlation of 0.81, 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 TAGS?

WEAT has higher volatility (4.87%) compared to TAGS (3.29%). In terms of maximum drawdown, WEAT dropped -84.32% vs TAGS's -76.40%.

Which ETF is better, WEAT or TAGS?

On 10-year performance, TAGS leads with -1.88% vs -6.28% for WEAT. On fees, TAGS is cheaper at 0.21% per year. On volatility, TAGS has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEAT or TAGS?

Over the 10-year period, TAGS has performed better with a -1.88% return vs -6.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEAT or TAGS?

TAGS is cheaper with a 0.21% expense ratio, compared with 1.91% for WEAT.

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

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

What is the main difference between WEAT and TAGS?

WEAT tracks Teucrium Wheat Fund Benchmark, while TAGS tracks Teucrium TAGS Index. Their fees differ too: 1.91% for WEAT and 0.21% for TAGS.

Which has better risk-adjusted returns?

WEAT currently has the higher Sharpe Ratio (-0.22 vs -0.35), 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.