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WEAT
Teucrium Wheat

Price: $5.82
Change: $0.06 (-0.01%)
Category: Agricultural Commodities
Last Updated:

Vitals

  • Issuer Teucrium
  • Structure Commodity Pool
  • Expense Ratio 1.00%
  • ETF Home Page Home page
  • Inception Sep 19, 2011
  • Tax Form K-1
  • Index Tracked Wheat Futures

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $4.85
  • 52 Week Hi $6.16
  • AUM $73.2 M
  • Shares 12.3 M

Analyst Report

This ETF offers exposure to wheat futures contracts; when WEAT debuted in 2011, it became the first pure play wheat ETP on the market. Like many exchange-traded commodity products, WEAT should not be expected to deliver exposure to spot wheat prices. Because the underlying index consists of wheat futures contracts, factors such as the slope of the futures curve and the current level of interest rates will impact the performance of WEAT. One distinguishing factor of WEAT--and of all Teucrium agricultural products--is the structure of the underlying holdings. Instead of concentrating holdings in front month futures, WEAT spreads futures contracts across multiple maturities. That is done with the objective of minimizing the impact of contango on bottom line returns.

Given the targeted focus of WEAT, this product probably isn't of much use for those building a long-term, buy-and-hold portfolio. This product can, however, be useful for those looking to establish tactical exposure to a specific corner of the commodity market. For investors seeking more broad-based grains exposure (i.e., including soybeans and corn), JJG, GRU, and WEET (all ETNs) might be worth a closer look. For those in the market for broad exposure to agricultural commodities, there are a number of products in the Agricultural Commodities ETFdb Category that might be useful.

Finally, the structure of WEAT should be noted. Because this product is structured as a partnership, investors can expect to receive a K-1 at the end of the year detailing their share of profits or losses. Moreover, WEAT will be required to buy and sell the underlying futures contracts, which can result in tracking error and trading commissions (meaning that the expense ratio may not include all the fees investors in this fund will pay). While the administrative duties associated with K-1s are minimal, some investors prefer to achieve exposure to commodities through ETNs, which avoid those obligations.

Historical Trading Data

  • 1 Month Avg. Volume 464,017
  • 3 Month Avg. Volume 342,848

Alternative ETFs in the Agricultural Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest JO 0.45% $68.9 M 76,827 -24.58%
Largest (AUM) DBA 0.85% $556.6 M 983,518 -12.20%
Most Liquid (Volume) DBA 0.85% $556.6 M 983,518 -12.20%
Top YTD Performer GRU 0.75% $0.0 M 3,900 4.93%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1
Number of Holdings
100.00%
% Assets in Top 10
 
View Detailed Analysis
 
Number of Holdings
1
Rank
19 of 19
Low
WEAT (1)
High
RJA (19)
% Assets in Top 10
100.00%
Rank
16 of 19
Low
RJA (82.53%)
High
UAG (100.01%)

 
View Summary Analysis
 

Sector Breakdown

WEAT Valuation

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

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

WEAT Dividend

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

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
DBA (1.76%)
High
DBA (1.76%)

WEAT Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 8.7 M 1 Month Net Flows: 7.15 M 3 Month Net Flows: 16.11 M 6 Month Net Flows: 19.06 M 1 Year Net Flows: 16.56 M 3 Year Net Flows: 12.53 M 5 Year Net Flows: 64.34 M 10 Year Net Flows: 100.61 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for WEAT 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.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- DBA
Expenses C TAGS
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

WEAT Expenses & Fees

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

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.19%
Category Average
0.71%
Expense Ratio
1.00%
Rank
16 of 19
Low
COW (0.45%)
High
SOYB (1.15%)
ESG Themes and Scores

WEAT does not have an ESG score. There are no ESG themes that map to this ETF.

WEAT Performance

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

-3.48%
1 Week Return
2.83%
4 Week Return
8.68%
13 Week Return
8.58%
26 Week Return
-0.51%
Year to Date Return
6.99%
1 Year Return
-7.62%
3 Year Return
-41.39%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-3.48%
Rank
14 of 19
Low
NIB (-5.94%)
High
COW (2.04%)
4 Week Return
2.83%
Rank
10 of 18
Low
NIB (-6.55%)
High
GRU (12.82%)
13 Week Return
8.68%
Rank
13 of 19
Low
JO (-11.40%)
High
GRU (24.29%)
26 Week Return
8.58%
Rank
15 of 19
Low
JO (-6.02%)
High
SGG (28.08%)
Year to Date Return
-0.51%
Rank
8 of 19
Low
COW (-26.93%)
High
GRU (4.93%)
1 Year Return
6.99%
Rank
2 of 19
Low
COW (-27.63%)
High
SGG (10.85%)
3 Year Return
-7.62%
Rank
4 of 12
Low
CANE (-35.87%)
High
NIB (9.06%)
5 Year Return
-41.39%
Rank
11 of 12
Low
CORN (-41.90%)
High
SOYB (-9.90%)

 
View Summary Analysis
 

WEAT Price and Volume Chart

WEAT Technicals

Volatility Analysis

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

 
View Detailed Analysis
 
5 Day Volatility
126.87%
Rank
4 of 19
Low
JJA (2.62%)
High
GRU (193.78%)
20 Day Volatility
21.37%
Rank
6 of 19
Low
DBA (9.31%)
High
GRU (54.83%)
50 Day Volatility
23.41%
Rank
6 of 19
Low
DBA (10.87%)
High
GRU (50.64%)
200 Day Volatility
23.66%
Rank
7 of 19
Low
DBA (11.75%)
High
GRU (45.35%)
Beta
-0.09
Rank
16 of 19
Low
JO (-0.32)
High
BAL (0.88)
Standard Deviation
0.26%
Rank
18 of 19
Low
GRU (0.18%)
High
COW (5.92%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $5.92
  • 60 Day MA $5.58
  • MACD 15 Period -0.14
  • MACD 100 Period 0.39
  • Williams % Range 10 Day 94.44
  • Williams % Range 20 Day 59.65
  • RSI 10 Day 43
  • RSI 20 Day 52
  • RSI 30 Day 54
  • Ultimate Oscillator 42

Bollinger Brands

  • Lower Bollinger (10 Day) $5.82
  • Upper Bollinger (10 Day) $6.20
  • Lower Bollinger (20 Day) $5.67
  • Upper Bollinger (20 Day) $6.17
  • Lower Bollinger (30 Day) $5.38
  • Upper Bollinger (30 Day) $6.21

Support & Resistance

  • Support Level 1 $5.79
  • Support Level 2 $5.76
  • Resistance Level 1 $5.86
  • Resistance Level 2 $5.89

Stochastic

  • Stochastic Oscillator %D (1 Day) 42.73
  • Stochastic Oscillator %D (5 Day) 23.28
  • Stochastic Oscillator %K (1 Day) 46.30
  • Stochastic Oscillator %K (5 Day) 40.56

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.

Download the fact sheet PDF

Disclosures

Copyright © 2020 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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