WEAT vs. USDX

Last updated Aug 2, 2026

WEAT (Teucrium Wheat Fund) and USDX (SGI Enhanced Core ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Index (TWEAT), while USDX is a Intermediate Core Bond fund actively managed by Summit Global Investments. WEAT is passively managed, while USDX is actively managed. Over the past year, WEAT returned 10.74% vs 6.38% for USDX. Their -0.08 correlation means they have often moved in opposite directions in the past. WEAT charges 1.91%/yr vs 0.98%/yr for USDX.

Performance

WEAT vs. USDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Wheat Fund (WEAT) and SGI Enhanced Core ETF (USDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEAT achieves a 19.23% return, which is significantly higher than USDX's 2.99% return.

WEAT

• 1D: -3.29%
• 1M: 6.25%
• 6M: 13.54%
• YTD: 19.23%
• 1Y: 10.74%
• 3Y*: -10.44%
• 5Y*: -7.18%
• 10Y*: -4.69%
• ALL TIME*: -10.45%

USDX

• 1D: 0.12%
• 1M: 0.49%
• 6M: 2.97%
• YTD: 2.99%
• 1Y: 6.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
USDX SGI Enhanced Core ETF	$1.08M	$1.35M	$1.41M
WEAT Teucrium Wheat Fund	$15.37M	$12.62M	$15.36M

WEAT vs. USDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEAT Teucrium Wheat Fund	19.23%	-17.14%	-10.91%
USDX SGI Enhanced Core ETF	2.99%	6.25%	6.87%

Correlation

The correlation between WEAT and USDX is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.18
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	-0.08

The correlation between WEAT and USDX shifts across timeframes, from -0.18 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WEAT vs. USDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEAT

WEAT Risk / Return Rank: 22
WEAT Sharpe Ratio Rank: 20
WEAT Sortino Ratio Rank: 22
WEAT Omega Ratio Rank: 21
WEAT Calmar Ratio Rank: 23
WEAT Martin Ratio Rank: 23

USDX

USDX Risk / Return Rank: 97
USDX Sharpe Ratio Rank: 96
USDX Sortino Ratio Rank: 97
USDX Omega Ratio Rank: 97
USDX Calmar Ratio Rank: 97
USDX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEAT vs. USDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and SGI Enhanced Core ETF (USDX). 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	USDX	Difference
Sharpe ratio: Return per unit of total volatility	0.42	3.08	-2.67
Sortino ratio: Return per unit of downside risk	0.82	4.91	-4.09
Omega ratio: Gain probability vs. loss probability	1.09	1.75	-0.66
Calmar ratio: Return relative to maximum drawdown	0.66	6.89	-6.23
Martin ratio: Return relative to average drawdown	1.67	42.76	-41.09

WEAT vs. USDX - Sharpe Ratio Comparison

The current WEAT Sharpe Ratio is 0.42, which is lower than the USDX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of WEAT and USDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEAT vs. USDX - Drawdown Comparison

The maximum WEAT drawdown since its inception was -84.32%, which is greater than USDX's maximum drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for WEAT and USDX.

Drawdown Indicators

	WEAT	USDX	Difference
Max Drawdown Largest peak-to-trough decline	-84.32%	-0.94%	-83.38%
Max Drawdown (1Y) Largest decline over 1 year	-14.44%	-0.94%	-13.50%
Max Drawdown (3Y) Largest decline over 3 years	-40.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.83%	—	—
Current Drawdown Current decline from peak	-81.22%	0.00%	-81.22%
Average Drawdown Average peak-to-trough decline	-63.30%	-0.07%	-63.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	0.15%	+5.62%

Volatility

WEAT vs. USDX - Volatility Comparison

Teucrium Wheat Fund (WEAT) has a higher volatility of 8.78% compared to SGI Enhanced Core ETF (USDX) at 0.58%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than USDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEAT	USDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.78%	0.58%	+8.20%
Volatility (6M) Calculated over the trailing 6-month period	19.79%	1.67%	+18.12%
Volatility (1Y) Calculated over the trailing 1-year period	22.84%	2.10%	+20.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.33%	1.76%	+28.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.84%	1.76%	+25.08%

WEAT vs. USDX - Expense Ratio Comparison

WEAT has a 1.91% expense ratio, which is higher than USDX's 0.98% expense ratio.

Dividends

WEAT vs. USDX - Dividend Comparison

WEAT has not paid dividends to shareholders, while USDX's dividend yield for the trailing twelve months is around 6.66%.

Position	TTM	2025	2024
USDX SGI Enhanced Core ETF	6.66%	5.88%	4.60%
WEAT Teucrium Wheat Fund	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEAT and USDX in my portfolio?

WEAT and USDX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEAT or USDX?

WEAT has higher volatility (8.78%) compared to USDX (0.58%). In terms of maximum drawdown, WEAT dropped -84.32% vs USDX's -0.94%.

Which ETF is better, WEAT or USDX?

On 1-year performance, WEAT leads with 10.74% vs 6.38% for USDX. On fees, USDX is cheaper at 0.98% per year. On volatility, USDX has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEAT or USDX?

Over the 1-year period, WEAT has performed better with a 10.74% return vs 6.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEAT or USDX?

USDX is cheaper with a 0.98% expense ratio, compared with 1.91% for WEAT.

Which ETF pays a higher dividend yield, WEAT or USDX?

USDX has the higher dividend yield at 6.66%, compared with 0.00% for WEAT.

What is the main difference between WEAT and USDX?

WEAT is categorized as Agricultural Commodities, while USDX is Intermediate Core Bond. They also come from different issuers: Teucrium and Summit Global Investments. Their fees differ too: 1.91% for WEAT and 0.98% for USDX.

Which has better risk-adjusted returns?

USDX currently has the higher Sharpe Ratio (3.08 vs 0.42), 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.