WEAT vs. TQQQ
Compare and contrast key facts about Teucrium Wheat Fund (WEAT) and ProShares UltraPro QQQ (TQQQ).
WEAT and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both WEAT and TQQQ 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 TQQQ.
Key characteristics
| WEAT | TQQQ | |
|---|---|---|
| YTD Return | -19.60% | 59.60% |
| 1Y Return | -15.49% | 88.74% |
| 3Y Return (Ann) | -15.69% | 0.01% |
| 5Y Return (Ann) | -2.11% | 34.59% |
| 10Y Return (Ann) | -8.83% | 35.45% |
| Sharpe Ratio | -0.71 | 1.74 |
| Sortino Ratio | -0.93 | 2.17 |
| Omega Ratio | 0.90 | 1.29 |
| Calmar Ratio | -0.20 | 1.75 |
| Martin Ratio | -1.14 | 7.20 |
| Ulcer Index | 14.56% | 12.41% |
| Daily Std Dev | 23.59% | 51.33% |
| Max Drawdown | -81.34% | -81.66% |
| Current Drawdown | -81.07% | -6.61% |
Correlation
The correlation between WEAT and TQQQ is 0.03, 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. TQQQ - Performance Comparison
In the year-to-date period, WEAT achieves a -19.60% return, which is significantly lower than TQQQ's 59.60% return. Over the past 10 years, WEAT has underperformed TQQQ with an annualized return of -8.83%, while TQQQ has yielded a comparatively higher 35.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WEAT vs. TQQQ - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
WEAT vs. TQQQ - Risk-Adjusted Performance 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.
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 1.19%.
| TTM | 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% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
WEAT vs. TQQQ - Drawdown Comparison
The maximum WEAT drawdown since its inception was -81.34%, 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. For additional features, visit the drawdowns tool.
Volatility
WEAT vs. TQQQ - Volatility Comparison
The current volatility for Teucrium Wheat Fund (WEAT) is 4.96%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. 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.