WEAT vs. TQQQ
WEAT (Teucrium Wheat Fund) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, WEAT returned -5.64%/yr vs 42.86%/yr for TQQQ. At a 0.02 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 0.95%/yr for TQQQ.
Performance
WEAT vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 13.67% return, which is significantly lower than TQQQ's 38.48% return. Over the past 10 years, WEAT has underperformed TQQQ with an annualized return of -5.64%, while TQQQ has yielded a comparatively higher 42.86% annualized return.
WEAT
- 1D
- -1.69%
- 1M
- 1.57%
- 6M
- 11.77%
- YTD
- 13.67%
- 1Y
- 0.22%
- 3Y*
- -11.05%
- 5Y*
- -5.95%
- 10Y*
- -5.64%
TQQQ
- 1D
- 0.68%
- 1M
- -4.43%
- 6M
- 32.33%
- YTD
- 38.48%
- 1Y
- 76.30%
- 3Y*
- 55.70%
- 5Y*
- 18.77%
- 10Y*
- 42.86%
WEAT vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 13.67% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
TQQQ ProShares UltraPro QQQ | 38.48% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between WEAT and TQQQ is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
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 | 0.02 |
The correlation between WEAT and TQQQ shifts across timeframes, from -0.10 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. TQQQ — Risk / Return Rank
WEAT
TQQQ
WEAT vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 2.07 | -2.06 |
| Martin ratioReturn relative to average drawdown | 0.03 | 6.42 | -6.39 |
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Drawdowns
WEAT vs. TQQQ - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for WEAT and TQQQ.
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Drawdown Indicators
| WEAT | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -81.66% | -2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -36.97% | +22.53% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -58.04% | +11.77% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -81.66% | +13.83% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -81.66% | +13.83% |
Current DrawdownCurrent decline from peak | -82.09% | -16.43% | -65.66% |
Average DrawdownAverage peak-to-trough decline | -63.22% | -18.48% | -44.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 11.93% | -3.75% |
Volatility
WEAT vs. TQQQ - Volatility Comparison
The current volatility for Teucrium Wheat Fund (WEAT) is 5.56%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 25.66%. This indicates that WEAT experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 25.66% | -20.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 45.25% | -26.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 54.72% | -33.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 67.66% | -37.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 66.35% | -39.59% |
WEAT vs. TQQQ - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Dividends
WEAT vs. TQQQ - Dividend Comparison
WEAT has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.52% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
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 TQQQ have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (25.66%) compared to WEAT (5.56%). In terms of maximum drawdown, WEAT dropped -84.32% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 42.86% vs -5.64% for WEAT. On fees, TQQQ is cheaper at 0.95% per year. On volatility, WEAT has been the lower-risk option at 5.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TQQQ has performed better with a 42.86% return vs -5.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TQQQ is cheaper with a 0.95% expense ratio, compared with 1.91% for WEAT.
TQQQ has the higher dividend yield at 0.52%, compared with 0.00% for WEAT.
WEAT is categorized as Agricultural Commodities, while TQQQ is Leveraged Equities. WEAT tracks Teucrium Wheat Fund Benchmark, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Teucrium and ProShares. Their fees differ too: 1.91% for WEAT and 0.95% for TQQQ.
TQQQ currently has the higher Sharpe Ratio (1.40 vs 0.01), 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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