WEAT vs. VOO
WEAT (Teucrium Wheat Fund) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, WEAT returned -6.84%/yr vs 15.56%/yr for VOO. At a 0.04 correlation, their price movements are largely independent. WEAT charges 1.91%/yr vs 0.03%/yr for VOO.
Performance
WEAT vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, WEAT achieves a 13.52% return, which is significantly higher than VOO's 10.91% return. Over the past 10 years, WEAT has underperformed VOO with an annualized return of -6.84%, while VOO has yielded a comparatively higher 15.56% 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%
VOO
- 1D
- -0.70%
- 1M
- 5.04%
- YTD
- 10.91%
- 6M
- 10.93%
- 1Y
- 28.04%
- 3Y*
- 22.44%
- 5Y*
- 13.90%
- 10Y*
- 15.56%
WEAT vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 10.91% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between WEAT and VOO is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.04 |
The correlation between WEAT and VOO shifts across timeframes, from -0.15 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEAT vs. VOO — Risk / Return Rank
WEAT
VOO
WEAT vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Wheat Fund (WEAT) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.43 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.16 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.03 | 14.73 | -14.76 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.39 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.83 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.26 | 0.87 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.89 | -1.30 |
Drawdowns
WEAT vs. VOO - Drawdown Comparison
The maximum WEAT drawdown since its inception was -84.32%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for WEAT and VOO.
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Drawdown Indicators
| WEAT | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -33.99% | -50.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.85% | -8.90% | -8.95% |
Max Drawdown (3Y)Largest decline over 3 years | -46.27% | -18.69% | -27.58% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -24.52% | -43.31% |
Max Drawdown (10Y)Largest decline over 10 years | -67.83% | -33.99% | -33.84% |
Current DrawdownCurrent decline from peak | -82.12% | -0.70% | -81.42% |
Average DrawdownAverage peak-to-trough decline | -63.12% | -3.69% | -59.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 1.91% | +9.38% |
Volatility
WEAT vs. VOO - Volatility Comparison
Teucrium Wheat Fund (WEAT) has a higher volatility of 10.00% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that WEAT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAT | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 2.84% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 8.90% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 11.80% | +10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.51% | 16.81% | +13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.80% | 18.01% | +8.79% |
WEAT vs. VOO - Expense Ratio Comparison
WEAT has a 1.91% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
WEAT vs. VOO - Dividend Comparison
WEAT has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.03% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
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 VOO have a correlation of -0.15, 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 VOO (2.84%). In terms of maximum drawdown, WEAT dropped -84.32% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.56% vs -6.84% for WEAT. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.56% return vs -6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 1.91% for WEAT.
VOO has the higher dividend yield at 1.03%, compared with 0.00% for WEAT.
WEAT is categorized as Agricultural Commodities, while VOO is S&P 500. WEAT tracks Teucrium Wheat Fund Benchmark, while VOO tracks S&P 500 Index. They also come from different issuers: Teucrium and Vanguard. Their fees differ too: 1.91% for WEAT and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.39 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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