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  • ETF
  • WEET
    Pricing Data
    $33.33
    Change: $0.0 (0.0%)
    Time: 08/23/16
    Previous Close: $33.33
  • Category
  • Agricultural Commodities
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $32.29
  • 52 Week Hi: $40.89
  • AUM: $1.0 M
  • Shares: 0.0 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 920
  • 3 Month Avg. Volume: 805

Alternative ETFs in the Agricultural Commodities Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

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.

Realtime Rating

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Realtime Rating Summary

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.

Compare to another ETF

View the Category Report

WEET Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C+ DBA
Expenses A TAGS
Performance
Volatility
Dividend
Concentration

Knowledge Centers

WEET In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

WEET Holdings

Holdings data for this ETF is not available.

WEET Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.579%
ETF Wtd. Average
0.26%
Category Average
1.03%
Expense Ratio
Rank:
0.75%
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 0 other ETFs in the Agricultural Commodities ETFdb Category that are also eligible for commission free trading:

  • Ticker Brokerages

WEET Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
No Ranking Available
Category Low
Category High
4 Week Return
Rank:
-4.61%
Category Low
Category High
13 Week Return
Rank:
-9.28%
Category Low
Category High
26 Week Return
Rank:
2.43%
Category Low
Category High
Year to Date Return
Rank:
1.28%
Category Low
Category High
1 Year Return
Rank:
-4.39%
Category Low
Category High
3 Year Return
Rank:
-27.86%
Category Low
Category High
5 Year Return
Rank:
-33.19%
Category Low
Category High

Charts

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.

WEET Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
No Ranking Available
Category Low
Category High

WEET Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a
Annual Dividend Yield
Rank:
No Ranking Available
Category Low
Category High

WEET Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
112.31%
Category Low
Category High
20 Day Volatility
Rank:
16.99%
Category Low
Category High
50 Day Volatility
Rank:
33.17%
Category Low
Category High
200 Day Volatility
Rank:
25.51%
Category Low
Category High
Beta
Rank:
-3.57
Category Low
Category High
Standard Deviation
Rank:
2.70%
Category Low
Category High

Technicals

  • 20 Day MA: $34.32
  • 60 Day MA: $35.74
  • MACD 15 Period: -0.52
  • MACD 100 Period: -1.54
  • Williams % Range 10 Day: 100.00
  • Williams % Range 20 Day: 100.00
  • RSI 10 Day: 21
  • RSI 20 Day: 34
  • RSI 30 Day: 40
  • Ultimate Oscillator: 12

Bollinger Brands

  • Lower Bollinger (10 Day): $33.22
  • Upper Bollinger (10 Day): $33.84
  • Lower Bollinger (20 Day): $32.29
  • Upper Bollinger (20 Day): $36.36
  • Lower Bollinger (30 Day): $31.53
  • Upper Bollinger (30 Day): $39.28

Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $33.33
  • Resistance Level 1: n/a
  • Resistance Level 2: $33.33

Stochastic

  • Stochastic Oscillator %D (1 Day): 45.07
  • Stochastic Oscillator %D (5 Day): 10.27
  • Stochastic Oscillator %K (1 Day): 43.44
  • Stochastic Oscillator %K (5 Day): 19.70

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.