SPY vs WEAT
State Street SPDR S&P 500 ETF Trust vs Teucrium Wheat Fund ETF
Which is better, SPY or WEAT?
Large Cap Blend against Agriculture.
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, WEAT over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | WEAT |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.00% |
| AUM | $804.7B | $342M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 29 |
| YTD Return | +12.09% | +29.30%Best |
| 1Y Return | +16.29% | +22.56%Best |
| 3Y Return (annualized) | +21.20%Best | -3.92% |
| 5Y Return (annualized) | +13.37%Best | -5.42% |
| Volatility (annualized) | 14.1%Best | 23.4% |
| Max Drawdown | -34.1%Best | -84.3% |
| $10,000 over 5 years | $18,728Best | $7,568 |
| Fund Family | State Street Investment Management | Teucrium |
| Category | Equity | Commodity |
| Style | Large Cap Blend | Agriculture |
| Inception | Jan 22, 1993 | Sep 19, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 19, 2011 to Sep 18, 2026 (15 years).
SPY vs WEAT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15 years both funds cover.
SPY vs WEAT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Teucrium Wheat Fund ETF (WEAT) is an ETF from Teucrium. Over the past year SPY returned +16.29% while WEAT returned +22.56%. Year to date, SPY is up 12.09% versus a gain of 29.30% for WEAT.
Over three years, SPY compounded at +21.20% per year against -3.92% for WEAT; over five years the annualized figures are +13.37% and -5.42% respectively. Across the full 15-year window we track, SPY has the edge at +13.65% annualized vs -9.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WEAT has been the more volatile fund, with annualized monthly volatility of 23.4% compared with 14.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.1% for SPY and -84.3% for WEAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.03. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while WEAT charges 1.00%. On a $10,000 position that is $9 vs $100 annually, a gap of $91 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for WEAT.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 1 in WEAT, totalling 99.9% and 31.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 1 in WEAT, against full books of 505 and 29.
You are not choosing between two funds in isolation.
Whichever of SPY and WEAT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or WEAT?
SPY has an expense ratio of 0.09% while WEAT charges 1.00%. SPY is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, SPY or WEAT?
Over the past year SPY returned +16.29% vs +22.56% for WEAT, so WEAT leads on 1-year performance. Over the longest common window we track (15 years), SPY annualized +13.65% vs -9.87% for WEAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WEAT?
WEAT has been the more volatile fund at 23.4% annualized versus 14.1% for SPY. Worst drawdown: SPY -34.1% vs WEAT -84.3%.
Should I hold both SPY and WEAT?
SPY and WEAT have a monthly-return correlation of 0.03, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or WEAT?
SPY yields 0.98% while WEAT yields 0.00%, so SPY currently pays the higher dividend yield.
Is WEAT better than SPY?
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, WEAT over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.