WEAT vs. TAXX

Last updated Jul 14, 2026

WEAT (Teucrium Wheat Fund) and TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Index (TWEAT), while TAXX is a Municipal Bonds fund actively managed by BondBloxx. WEAT is passively managed, while TAXX is actively managed. Over the past year, WEAT returned 5.16% vs 3.37% for TAXX. At a correlation of -0.06, they often move in opposite directions. WEAT charges 1.91%/yr vs 0.35%/yr for TAXX.

Performance

WEAT vs. TAXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Wheat Fund (WEAT) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEAT achieves a 18.48% return, which is significantly higher than TAXX's 1.23% return.

WEAT

• 1D: -0.25%
• 1M: 5.91%
• 6M: 17.19%
• YTD: 18.48%
• 1Y: 5.16%
• 3Y*: -10.32%
• 5Y*: -6.22%
• 10Y*: -5.19%

TAXX

• 1D: -0.09%
• 1M: 0.07%
• 6M: 1.03%
• YTD: 1.23%
• 1Y: 3.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEAT vs. TAXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEAT Teucrium Wheat Fund	18.48%	-17.14%	-7.13%
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	1.23%	4.52%	3.36%

Correlation

The correlation between WEAT and TAXX is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024	-0.06

The correlation between WEAT and TAXX shifts across timeframes, from -0.18 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WEAT vs. TAXX — Risk / Return Rank

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

WEAT

WEAT Risk / Return Rank: 13
WEAT Sharpe Ratio Rank: 13
WEAT Sortino Ratio Rank: 14
WEAT Omega Ratio Rank: 13
WEAT Calmar Ratio Rank: 14
WEAT Martin Ratio Rank: 13

TAXX

TAXX Risk / Return Rank: 89
TAXX Sharpe Ratio Rank: 90
TAXX Sortino Ratio Rank: 92
TAXX Omega Ratio Rank: 93
TAXX Calmar Ratio Rank: 86
TAXX Martin Ratio Rank: 84

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. TAXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). 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	TAXX	Difference
Sharpe ratio: Return per unit of total volatility	0.24	2.39	-2.15
Sortino ratio: Return per unit of downside risk	0.54	3.52	-2.98
Omega ratio: Gain probability vs. loss probability	1.06	1.53	-0.47
Calmar ratio: Return relative to maximum drawdown	0.36	3.84	-3.48
Martin ratio: Return relative to average drawdown	0.69	13.13	-12.44

WEAT vs. TAXX - Sharpe Ratio Comparison

The current WEAT Sharpe Ratio is 0.24, which is lower than the TAXX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of WEAT and TAXX, 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. TAXX - Drawdown Comparison

The maximum WEAT drawdown since its inception was -84.32%, which is greater than TAXX's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for WEAT and TAXX.

Drawdown Indicators

	WEAT	TAXX	Difference
Max Drawdown Largest peak-to-trough decline	-84.32%	-0.91%	-83.41%
Max Drawdown (1Y) Largest decline over 1 year	-14.44%	-0.88%	-13.56%
Max Drawdown (3Y) Largest decline over 3 years	-46.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.83%	—	—
Current Drawdown Current decline from peak	-81.34%	-0.15%	-81.19%
Average Drawdown Average peak-to-trough decline	-63.24%	-0.16%	-63.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	0.26%	+7.20%

Volatility

WEAT vs. TAXX - Volatility Comparison

Teucrium Wheat Fund (WEAT) has a higher volatility of 6.36% compared to Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) at 0.31%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than TAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEAT	TAXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	0.31%	+6.05%
Volatility (6M) Calculated over the trailing 6-month period	18.75%	0.84%	+17.91%
Volatility (1Y) Calculated over the trailing 1-year period	21.89%	1.42%	+20.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.29%	1.58%	+28.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.78%	1.58%	+25.20%

WEAT vs. TAXX - Expense Ratio Comparison

WEAT has a 1.91% expense ratio, which is higher than TAXX's 0.35% expense ratio.

Dividends

WEAT vs. TAXX - Dividend Comparison

WEAT has not paid dividends to shareholders, while TAXX's dividend yield for the trailing twelve months is around 3.45%.

Position	TTM	2025	2024
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	3.45%	3.72%	2.70%
WEAT Teucrium Wheat Fund	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEAT and TAXX in my portfolio?

WEAT and TAXX have a correlation of -0.18, 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 TAXX?

WEAT has higher volatility (6.36%) compared to TAXX (0.31%). In terms of maximum drawdown, WEAT dropped -84.32% vs TAXX's -0.91%.

Which ETF is better, WEAT or TAXX?

On 1-year performance, WEAT leads with 5.16% vs 3.37% for TAXX. On fees, TAXX is cheaper at 0.35% per year. On volatility, TAXX has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEAT or TAXX?

Over the 1-year period, WEAT has performed better with a 5.16% return vs 3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEAT or TAXX?

TAXX is cheaper with a 0.35% expense ratio, compared with 1.91% for WEAT.

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

TAXX has the higher dividend yield at 3.45%, compared with 0.00% for WEAT.

What is the main difference between WEAT and TAXX?

WEAT is categorized as Agricultural Commodities, while TAXX is Municipal Bonds. They also come from different issuers: Teucrium and BondBloxx. Their fees differ too: 1.91% for WEAT and 0.35% for TAXX.

Which has better risk-adjusted returns?

TAXX currently has the higher Sharpe Ratio (2.39 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.