WEAT vs. UNG
Compare and contrast key facts about Teucrium Wheat Fund (WEAT) and United States Natural Gas Fund LP (UNG).
WEAT and UNG 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. UNG is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Natural Gas. It was launched on Apr 18, 2007. Both WEAT and UNG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WEAT vs. UNG - Performance Comparison
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WEAT vs. UNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEAT Teucrium Wheat Fund | 14.32% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
UNG United States Natural Gas Fund LP | -6.85% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
Returns By Period
In the year-to-date period, WEAT achieves a 14.32% return, which is significantly higher than UNG's -6.85% return. Over the past 10 years, WEAT has outperformed UNG with an annualized return of -6.59%, while UNG has yielded a comparatively lower -19.95% annualized return.
WEAT
- 1D
- -3.14%
- 1M
- 3.82%
- YTD
- 14.32%
- 6M
- 10.56%
- 1Y
- -3.26%
- 3Y*
- -13.52%
- 5Y*
- -5.06%
- 10Y*
- -6.59%
UNG
- 1D
- -2.64%
- 1M
- -4.83%
- YTD
- -6.85%
- 6M
- -16.15%
- 1Y
- -44.83%
- 3Y*
- -25.63%
- 5Y*
- -21.70%
- 10Y*
- -19.95%
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WEAT vs. UNG - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than UNG's 1.28% expense ratio.
Return for Risk
WEAT vs. UNG — Risk / Return Rank
WEAT
UNG
WEAT vs. UNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and United States Natural Gas Fund LP (UNG). 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 | UNG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.16 | -0.71 | +0.54 |
Sortino ratioReturn per unit of downside risk | -0.10 | -0.83 | +0.73 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.90 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.90 | +0.76 |
Martin ratioReturn relative to average drawdown | -0.22 | -1.31 | +1.09 |
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 | UNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | -0.71 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.34 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | -0.36 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | -0.58 | +0.16 |
Correlation
The correlation between WEAT and UNG is 0.08, 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.
Dividends
WEAT vs. UNG - Dividend Comparison
Neither WEAT nor UNG has paid dividends to shareholders.
Drawdowns
WEAT vs. UNG - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, smaller than the maximum UNG drawdown of -99.87%. Use the drawdown chart below to compare losses from any high point for WEAT and UNG.
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Drawdown Indicators
| WEAT | UNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -99.87% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -52.53% | +34.68% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -92.42% | +24.59% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -93.49% | +25.66% |
Current DrawdownCurrent decline from peak | -81.99% | -99.86% | +17.87% |
Average DrawdownAverage peak-to-trough decline | -62.91% | -89.87% | +26.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 36.11% | -24.82% |
Volatility
WEAT vs. UNG - Volatility Comparison
The current volatility for Teucrium Wheat Fund (WEAT) is 9.33%, while United States Natural Gas Fund LP (UNG) has a volatility of 14.67%. This indicates that WEAT experiences smaller price fluctuations and is considered to be less risky than UNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | UNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.33% | 14.67% | -5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.83% | 54.12% | -39.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.24% | 63.90% | -43.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.49% | 63.91% | -33.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.74% | 54.87% | -28.13% |