WEAT vs. VEGI
WEAT (Teucrium Wheat Fund) and VEGI (iShares MSCI Agriculture Producers ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while VEGI is a Mid Cap Value Equities fund tracking the MSCI ACWI Select Agriculture Producers Investable Market Index. Both are passively managed. Over the past 10 years, WEAT returned -6.84%/yr vs 8.58%/yr for VEGI. At a 0.12 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 0.39%/yr for VEGI.
Performance
WEAT vs. VEGI - 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 VEGI's 16.98% return. Over the past 10 years, WEAT has underperformed VEGI with an annualized return of -6.84%, while VEGI has yielded a comparatively higher 8.58% 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%
VEGI
- 1D
- 0.58%
- 1M
- -1.31%
- YTD
- 16.98%
- 6M
- 16.00%
- 1Y
- 14.94%
- 3Y*
- 8.09%
- 5Y*
- 3.61%
- 10Y*
- 8.58%
WEAT vs. VEGI - 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% |
VEGI iShares MSCI Agriculture Producers ETF | 16.98% | 11.34% | -4.85% | -8.59% | 6.34% | 21.56% | 20.06% | 13.52% | -9.76% | 19.79% |
Correlation
The correlation between WEAT and VEGI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.12 |
The correlation between WEAT and VEGI shifts across timeframes, from 0.07 (3 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. VEGI — Risk / Return Rank
WEAT
VEGI
WEAT vs. VEGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and iShares MSCI Agriculture Producers ETF (VEGI). 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 | VEGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.18 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.00 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.03 | 3.86 | -3.89 |
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 | VEGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.02 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.20 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.26 | 0.45 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.34 | -0.75 |
Drawdowns
WEAT vs. VEGI - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than VEGI's maximum drawdown of -37.37%. Use the drawdown chart below to compare losses from any high point for WEAT and VEGI.
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Drawdown Indicators
| WEAT | VEGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -37.37% | -46.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -7.49% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -17.71% | -28.56% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -28.86% | -38.97% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -37.37% | -30.46% |
Current DrawdownCurrent decline from peak | -82.12% | -4.33% | -77.79% |
Average DrawdownAverage peak-to-trough decline | -63.12% | -9.82% | -53.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 3.88% | +7.41% |
Volatility
WEAT vs. VEGI - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 10.00% compared to iShares MSCI Agriculture Producers ETF (VEGI) at 4.52%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than VEGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | VEGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 4.52% | +5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 11.80% | +6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 14.75% | +7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.51% | 17.88% | +12.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.80% | 18.94% | +7.86% |
WEAT vs. VEGI - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than VEGI's 0.39% expense ratio.
Dividends
WEAT vs. VEGI - Dividend Comparison
WEAT has not paid dividends to shareholders, while VEGI's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEGI iShares MSCI Agriculture Producers ETF | 1.99% | 2.33% | 2.62% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% |
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 VEGI have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (10.00%) compared to VEGI (4.52%). In terms of maximum drawdown, WEAT dropped -84.32% vs VEGI's -37.37%.
On 10-year performance, VEGI leads with 8.58% vs -6.84% for WEAT. On fees, VEGI is cheaper at 0.39% per year. On volatility, VEGI has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VEGI has performed better with a 8.58% return vs -6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEGI is cheaper with a 0.39% expense ratio, compared with 1.91% for WEAT.
VEGI has the higher dividend yield at 1.99%, compared with 0.00% for WEAT.
WEAT is categorized as Agricultural Commodities, while VEGI is Mid Cap Value Equities. WEAT tracks Teucrium Wheat Fund Benchmark, while VEGI tracks MSCI ACWI Select Agriculture Producers Investable Market Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 1.91% for WEAT and 0.39% for VEGI.
VEGI currently has the higher Sharpe Ratio (1.02 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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