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 -6.84%/yr vs 45.33%/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 13.52% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, WEAT has underperformed TQQQ with an annualized return of -6.84%, while TQQQ has yielded a comparatively higher 45.33% annualized return.
WEAT
- 1D
- -2.07%
- 1M
- -6.32%
- YTD
- 13.52%
- 6M
- 8.73%
- 1Y
- -0.35%
- 3Y*
- -10.48%
- 5Y*
- -7.95%
- 10Y*
- -6.84%
TQQQ
- 1D
- -0.76%
- 1M
- 33.35%
- YTD
- 64.46%
- 6M
- 55.93%
- 1Y
- 137.89%
- 3Y*
- 69.49%
- 5Y*
- 28.37%
- 10Y*
- 45.33%
WEAT vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 13.52% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
TQQQ ProShares UltraPro QQQ | 64.46% | 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 -0.15, 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 | -0.15 |
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 20, 2011 | 0.02 |
The correlation between WEAT and TQQQ shifts across timeframes, from -0.15 (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.
| WEAT | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.75 | -3.77 |
| Martin ratioReturn relative to average drawdown | -0.03 | 12.27 | -12.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WEAT | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.92 | -2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.43 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.26 | 0.69 | -0.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.74 | -1.15 |
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 | -17.85% | -36.97% | +19.12% |
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 | -82.12% | -0.76% | -81.36% |
Average DrawdownAverage peak-to-trough decline | -63.12% | -18.52% | -44.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 11.28% | +0.01% |
Volatility
WEAT vs. TQQQ - Volatility Comparison
The current volatility for Teucrium Wheat Fund (WEAT) is 10.00%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. 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 | 10.00% | 13.29% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 36.04% | -17.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 47.60% | -24.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.51% | 66.53% | -36.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.80% | 65.96% | -39.16% |
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 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.36% | 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 -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (13.29%) compared to WEAT (10.00%). In terms of maximum drawdown, WEAT dropped -84.32% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 45.33% vs -6.84% for WEAT. On fees, TQQQ is cheaper at 0.95% per year. On volatility, WEAT has been the lower-risk option at 10.00%. 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 45.33% return vs -6.84%. 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 0.36%, 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 (2.92 vs -0.02), 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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