WEAT — Teucrium Wheat Fund

WEAT Price Performance — Growth of $10,000

Value of a $10,000 investment in WEAT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

WEAT Drawdown

The "underwater" chart: WEAT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Teucrium Wheat Fund, identified by the ticker WEAT, operates within the Commodities category managed by issuer Teucrium. It currently holds an asset base of $269 million and trades at a price of $25.63 per share. Across all tracked categories, the fund ranks #447 out of 458 ETFs and has received an ETFValuer grade of F with a score of 30.7 out of 100. The fund carries an expense ratio of 1% and offers a dividend yield of 0.00%. Within the Commodities category, which contains 22 ETFs tracked by ETFValuer, this positioning suggests limited relative standing compared to the broader universe of 458 funds. The combination of a high expense ratio and zero dividend yield, paired with its low overall rank, indicates a specific cost and income profile for investors in this sector.

Recent price action shows a sharp decline of 1.42% over the last day, followed by a recovery to a 2.85% gain over the one-week period. Momentum accelerated significantly over the longer short-term horizons, with returns rising to 14.32% for the one-month period and 12.12% for the three-month period. This upward trajectory continued into the six-month window, where the fund posted a 27.83% return, contributing to a year-to-date gain of 28.15%. The one-year return stands at 13.41%, which contrasts with the three-year performance that shows a cumulative loss of 26.67%. The data reveals a pattern where recent short-term gains have not yet been sufficient to offset the significant losses recorded over the three-year timeframe.

The fund is assigned a High volatility label and exhibits a beta of 0.68, indicating price movements that are less sensitive to broad market shifts despite the high internal volatility. A Sharpe ratio of 0.37 suggests that the risk-adjusted returns generated by the fund have been relatively modest relative to the volatility experienced. This risk profile is further highlighted by a maximum drawdown of -46.27%, representing the largest peak-to-trough decline recorded. The combination of a high volatility classification and a substantial maximum drawdown implies that the fund has experienced severe declines during market stress periods. While the beta of 0.68 suggests the fund may not always move in lockstep with the broader market, the high volatility and drawdown figures point to significant potential for capital erosion during downturns.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

WEAT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.24% and average daily volume is 687K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $269M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: WEAT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

WEAT Performance History

How WEAT Compares to Other Commodities ETFs