WEAT vs. USCI
WEAT (Teucrium Wheat Fund) and USCI (United States Commodity Index Fund) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Index (TWEAT), while USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Both are passively managed. Over the past 10 years, WEAT returned -5.23%/yr vs 8.41%/yr for USCI. At a 0.30 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 1.03%/yr for USCI.
Performance
WEAT vs. USCI - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 18.78% return, which is significantly lower than USCI's 23.68% return. Over the past 10 years, WEAT has underperformed USCI with an annualized return of -5.23%, while USCI has yielded a comparatively higher 8.41% 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%
USCI
- 1D
- -0.50%
- 1M
- -0.05%
- 6M
- 22.70%
- YTD
- 23.68%
- 1Y
- 28.10%
- 3Y*
- 20.39%
- 5Y*
- 19.25%
- 10Y*
- 8.41%
WEAT vs. USCI - 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% |
USCI United States Commodity Index Fund | 23.68% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
Correlation
The correlation between WEAT and USCI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.30 |
The correlation between WEAT and USCI shifts across timeframes, from 0.16 (3 years) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. USCI — Risk / Return Rank
WEAT
USCI
WEAT vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and United States Commodity Index Fund (USCI). 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 | USCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.30 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.67 | -2.42 |
| Martin ratioReturn relative to average drawdown | 0.48 | 8.50 | -8.01 |
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Drawdowns
WEAT vs. USCI - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than USCI's maximum drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for WEAT and USCI.
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Drawdown Indicators
| WEAT | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -66.41% | -17.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -11.19% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -12.01% | -34.26% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -18.84% | -48.99% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -45.82% | -22.01% |
Current DrawdownCurrent decline from peak | -81.29% | -6.52% | -74.77% |
Average DrawdownAverage peak-to-trough decline | -63.23% | -29.37% | -33.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 3.51% | +4.70% |
Volatility
WEAT vs. USCI - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 6.35% compared to United States Commodity Index Fund (USCI) at 4.94%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 4.94% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 18.74% | 14.42% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 16.91% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.33% | 18.40% | +11.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 15.88% | +10.89% |
WEAT vs. USCI - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than USCI's 1.03% expense ratio.
Dividends
WEAT vs. USCI - Dividend Comparison
Neither WEAT nor USCI has paid dividends to shareholders.
Frequently Asked Questions
WEAT and USCI have a correlation of 0.24, 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 USCI (4.94%). In terms of maximum drawdown, WEAT dropped -84.32% vs USCI's -66.41%.
On 10-year performance, USCI leads with 8.41% vs -5.23% for WEAT. On fees, USCI is cheaper at 1.03% per year. On volatility, USCI has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USCI has performed better with a 8.41% return vs -5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USCI is cheaper with a 1.03% expense ratio, compared with 1.91% for WEAT.
WEAT and USCI have nearly identical dividend yields, around 0.00%.
WEAT is categorized as Agricultural Commodities, while USCI is Commodities. WEAT tracks Teucrium Wheat Index (TWEAT), while USCI tracks SummerHaven Dynamic Commodity Index Total Return. They also come from different issuers: Teucrium and United States Commodity Funds. Their fees differ too: 1.91% for WEAT and 1.03% for USCI.
USCI currently has the higher Sharpe Ratio (1.77 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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