WEAT vs. TIP
WEAT (Teucrium Wheat Fund) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Index (TWEAT), while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past 10 years, WEAT returned -5.23%/yr vs 2.34%/yr for TIP. At a correlation of -0.00, they often move in opposite directions. WEAT charges 1.91%/yr vs 0.18%/yr for TIP.
Performance
WEAT vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 18.78% return, which is significantly higher than TIP's 1.00% return. Over the past 10 years, WEAT has underperformed TIP with an annualized return of -5.23%, while TIP has yielded a comparatively higher 2.34% annualized return.
WEAT
- 1D
- 2.91%
- 1M
- 5.75%
- 6M
- 16.62%
- YTD
- 18.78%
- 1Y
- 5.42%
- 3Y*
- -10.15%
- 5Y*
- -5.12%
- 10Y*
- -5.23%
TIP
- 1D
- 0.01%
- 1M
- -0.38%
- 6M
- 0.76%
- YTD
- 1.00%
- 1Y
- 3.30%
- 3Y*
- 4.07%
- 5Y*
- 0.66%
- 10Y*
- 2.34%
WEAT vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 18.78% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
TIP iShares TIPS Bond ETF | 1.00% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between WEAT and TIP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | -0.00 |
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Return for Risk
WEAT vs. TIP — Risk / Return Rank
WEAT
TIP
WEAT vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and iShares TIPS Bond ETF (TIP). 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 | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.59 | -1.34 |
| Martin ratioReturn relative to average drawdown | 0.48 | 4.58 | -4.09 |
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Drawdowns
WEAT vs. TIP - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for WEAT and TIP.
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Drawdown Indicators
| WEAT | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -14.57% | -69.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -1.98% | -12.46% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -4.54% | -41.73% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -14.51% | -53.32% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -14.51% | -53.32% |
Current DrawdownCurrent decline from peak | -81.29% | -0.85% | -80.44% |
Average DrawdownAverage peak-to-trough decline | -63.23% | -3.42% | -59.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 0.69% | +7.52% |
Volatility
WEAT vs. TIP - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 6.35% compared to iShares TIPS Bond ETF (TIP) at 1.25%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 1.25% | +5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.74% | 2.54% | +16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 3.47% | +18.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.33% | 6.20% | +24.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 5.73% | +21.04% |
WEAT vs. TIP - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
WEAT vs. TIP - Dividend Comparison
WEAT has not paid dividends to shareholders, while TIP's dividend yield for the trailing twelve months is around 4.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 4.44% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
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% |
Frequently Asked Questions
WEAT and TIP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (6.35%) compared to TIP (1.25%). In terms of maximum drawdown, WEAT dropped -84.32% vs TIP's -14.57%.
On 10-year performance, TIP leads with 2.34% vs -5.23% for WEAT. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TIP has performed better with a 2.34% return vs -5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.18% expense ratio, compared with 1.91% for WEAT.
TIP has the higher dividend yield at 4.44%, compared with 0.00% for WEAT.
WEAT is categorized as Agricultural Commodities, while TIP is Inflation-Protected Bonds. WEAT tracks Teucrium Wheat Index (TWEAT), while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 1.91% for WEAT and 0.18% for TIP.
TIP currently has the higher Sharpe Ratio (0.91 vs 0.16), 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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