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The Pure Beta Grains ETN offers access to a basket of futures contracts linked to soybeans, corn, wheat, soybean oil, and soybean meal. As such, this product may have appeal to investors looking for a general hedge against inflation or to place a bet on a surge in the price of food resources. Given the narrow focus of WEET, this ETN probably doesn't have much appeal to those building a long-term buy-and-hold portfolio; rather, it is most effective as a tactical tool to access a narrow corner of the commodity market. Investors seeking more broadly-based exposure to agricultural commodities have a number of options in the Agricultural Commodities ETFdb Category, while those seeking targeted exposure to components of this fund have some resource-specific ETPs at their disposal (e.g., CORN). There are multiple options for investors seeking exposure to grains through exchange-traded products; a few details make this ETN unique. First, it should be noted that WEET is an ETN, meaning that investors are exposed to the credit risk of the financial institution that issued the debt, but will not have to worry about the impact of tracking error on performance (this is often a major issue in commodity ETFs). The ETN structure may also provide some tax advantages not found in ETFs, especially for investors who intend to establish a long-term position (longer than a year at least). WEET is unique because of the roll frequency of the underlying index. Because WEET offers exposure to futures contracts, returns may not correspond to movements in spot prices for the underlying resources, an issue that can be magnified under certain "roll" methodologies. Unlike many commodity ETPs that roll holdings on a monthly basis, WEET does not roll exposure on a predetermined schedule; the roll timing is based on a proprietary methodology designed to reduce the impact of contango or backwardation on returns. This feature may make WEET more appealing to investors looking to establish a position in grains over the long run (as opposed to those looking to make a short-term bet on movements in price). Those looking for a trading vehicle that maximizes sensitivity to short-term movements may prefer a product such as JJG that focuses on futures nearing expiration.
The adjacent table gives investors an individual Realtime Rating for WEET on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Agricultural Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 6 other ETFs in the Agricultural Commodities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of WEET relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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