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WEAT
Teucrium Wheat

Price: $5.05
Change: $0.02 (-0.0%)
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 $6.09
  • AUM $48.7 M
  • Shares 9.7 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 164,014
  • 3 Month Avg. Volume 136,118

Alternative ETFs in the Agricultural Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest JO 0.45% $64.6 M 89,480 -17.66%
Largest (AUM) DBA 0.85% $455.2 M 570,315 -15.64%
Most Liquid (Volume) DBA 0.85% $455.2 M 570,315 -15.64%
Top YTD Performer NIB 0.75% $17.5 M 33,594 1.71%

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
15 of 19
Low
RJA (82.53%)
High
DBA (182.03%)

 
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 (1.84%)
High
DBA (1.84%)

WEAT Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 1.58 M 1 Month Net Flows: 1.58 M 3 Month Net Flows: 3.47 M 6 Month Net Flows: 4.09 M 1 Year Net Flows: 156.67 K 3 Year Net Flows: 9.1 M 5 Year Net Flows: 47.72 M 10 Year Net Flows: 84.62 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
0.534%
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.

-4.99%
1 Week Return
-4.90%
4 Week Return
-4.54%
13 Week Return
-11.40%
26 Week Return
-13.68%
Year to Date Return
-6.31%
1 Year Return
-29.37%
3 Year Return
-50.49%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-4.99%
Rank
18 of 19
Low
UAG (-7.84%)
High
COW (1.99%)
4 Week Return
-4.90%
Rank
19 of 19
Low
WEAT (-4.90%)
High
NIB (15.20%)
13 Week Return
-4.54%
Rank
18 of 19
Low
GRU (-5.26%)
High
SGG (21.28%)
26 Week Return
-11.40%
Rank
8 of 19
Low
COW (-22.00%)
High
JO (5.75%)
Year to Date Return
-13.68%
Rank
8 of 19
Low
COW (-29.91%)
High
NIB (1.71%)
1 Year Return
-6.31%
Rank
7 of 19
Low
COW (-29.52%)
High
NIB (16.55%)
3 Year Return
-29.37%
Rank
8 of 12
Low
CANE (-38.93%)
High
NIB (23.51%)
5 Year Return
-50.49%
Rank
12 of 12
Low
WEAT (-50.49%)
High
RJA (-23.75%)

 
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
111.76%
Rank
5 of 19
Low
JJG (19.79%)
High
CANE (159.08%)
20 Day Volatility
23.69%
Rank
9 of 19
Low
RJA (8.65%)
High
SGG (44.58%)
50 Day Volatility
23.75%
Rank
9 of 19
Low
SOYB (11.40%)
High
FUE (47.39%)
200 Day Volatility
23.68%
Rank
11 of 19
Low
SOYB (12.27%)
High
FUE (49.05%)
Beta
-0.15
Rank
18 of 19
Low
JO (-0.44)
High
BAL (0.89)
Standard Deviation
0.26%
Rank
18 of 19
Low
GRU (0.17%)
High
COW (6.42%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $5.32
  • 60 Day MA $5.22
  • MACD 15 Period -0.24
  • MACD 100 Period -0.29
  • Williams % Range 10 Day 97.42
  • Williams % Range 20 Day 97.92
  • RSI 10 Day 33
  • RSI 20 Day 42
  • RSI 30 Day 44
  • Ultimate Oscillator 36

Bollinger Brands

  • Lower Bollinger (10 Day) $5.02
  • Upper Bollinger (10 Day) $5.49
  • Lower Bollinger (20 Day) $5.10
  • Upper Bollinger (20 Day) $5.54
  • Lower Bollinger (30 Day) $4.97
  • Upper Bollinger (30 Day) $5.56

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $5.01
  • Resistance Level 1 n/a
  • Resistance Level 2 $5.10

Stochastic

  • Stochastic Oscillator %D (1 Day) 30.59
  • Stochastic Oscillator %D (5 Day) 11.64
  • Stochastic Oscillator %K (1 Day) 35.07
  • Stochastic Oscillator %K (5 Day) 21.06

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

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