WEAT vs. VEGI

Last updated Apr 1, 2026

Compare and contrast key facts about Teucrium Wheat Fund (WEAT) and iShares MSCI Agriculture Producers ETF (VEGI).

WEAT and VEGI 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. VEGI is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index. It was launched on Jan 31, 2012. Both WEAT and VEGI 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. VEGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Wheat Fund (WEAT) and iShares MSCI Agriculture Producers ETF (VEGI). The values are adjusted to include any dividend payments, if applicable.

WEAT vs. VEGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEAT Teucrium Wheat Fund	18.03%	-17.14%	-19.26%	-25.19%	7.98%	19.39%	5.81%	-1.35%	-1.17%	-12.79%
VEGI iShares MSCI Agriculture Producers ETF	17.29%	11.34%	-4.85%	-8.59%	6.34%	21.56%	20.06%	13.52%	-9.76%	19.79%

Returns By Period

The year-to-date returns for both stocks are quite close, with WEAT having a 18.03% return and VEGI slightly lower at 17.29%. Over the past 10 years, WEAT has underperformed VEGI with an annualized return of -6.29%, while VEGI has yielded a comparatively higher 9.51% annualized return.

WEAT

• 1D: 1.33%
• 1M: 4.43%
• YTD: 18.03%
• 6M: 14.70%
• 1Y: 0.73%
• 3Y*: -12.60%
• 5Y*: -4.45%
• 10Y*: -6.29%

VEGI

• 1D: 0.94%
• 1M: -2.88%
• YTD: 17.29%
• 6M: 16.77%
• 1Y: 24.76%
• 3Y*: 4.98%
• 5Y*: 4.54%
• 10Y*: 9.51%

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

WEAT vs. VEGI - Expense Ratio Comparison

WEAT has a 1.91% expense ratio, which is higher than VEGI's 0.39% expense ratio.

WEAT

Teucrium Wheat Fund

VEGI

iShares MSCI Agriculture Producers ETF

Return for Risk

WEAT vs. VEGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEAT

WEAT Risk / Return Rank: 13
WEAT Sharpe Ratio Rank: 13
WEAT Sortino Ratio Rank: 13
WEAT Omega Ratio Rank: 13
WEAT Calmar Ratio Rank: 15
WEAT Martin Ratio Rank: 14

VEGI

VEGI Risk / Return Rank: 79
VEGI Sharpe Ratio Rank: 79
VEGI Sortino Ratio Rank: 84
VEGI Omega Ratio Rank: 75
VEGI Calmar Ratio Rank: 84
VEGI Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	0.04	1.43	-1.40
Sortino ratio Return per unit of downside risk	0.21	2.18	-1.97
Omega ratio Gain probability vs. loss probability	1.02	1.27	-0.25
Calmar ratio Return relative to maximum drawdown	0.11	2.41	-2.30
Martin ratio Return relative to average drawdown	0.18	7.01	-6.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEAT vs. VEGI - Sharpe Ratio Comparison

The current WEAT Sharpe Ratio is 0.04, which is lower than the VEGI Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of WEAT and VEGI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WEAT	VEGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	1.43	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.26	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.24	0.50	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	0.34	-0.75

Correlation

The correlation between WEAT and VEGI is 0.12, 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. VEGI - Dividend Comparison

WEAT has not paid dividends to shareholders, while VEGI's dividend yield for the trailing twelve months is around 1.99%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

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.

Drawdown Indicators

	WEAT	VEGI	Difference
Max Drawdown Largest peak-to-trough decline	-84.32%	-37.37%	-46.95%
Max Drawdown (1Y) Largest decline over 1 year	-17.85%	-10.60%	-7.25%
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 Drawdown Current decline from peak	-81.41%	-4.07%	-77.34%
Average Drawdown Average peak-to-trough decline	-62.90%	-9.90%	-53.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.29%	3.64%	+7.65%

Volatility

WEAT vs. VEGI - Volatility Comparison

Teucrium Wheat Fund (WEAT) has a higher volatility of 8.69% compared to iShares MSCI Agriculture Producers ETF (VEGI) at 5.55%. 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.

Volatility by Period

	WEAT	VEGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.69%	5.55%	+3.14%
Volatility (6M) Calculated over the trailing 6-month period	14.61%	11.28%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	17.37%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.47%	17.86%	+12.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.73%	18.92%	+7.81%