WEAT 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

WEAT

Teucrium Wheat Fund

7월 28일 1:57 PM ET (한국 7/29 02:57)

$24.52

-0.70 ▼ -2.78%

WEAT ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

2.8%

Annual operating cost

Net Assets (AUM)

$301M

약 4118억원

Holdings

28 items

Dividend Yield

Management Style

Passive

Category ⓘ	Commodities & Metals - Agricultural	Asset Type ⓘ	Commodities & Metals	Return% 1Y ⓘ	12.84%	Total Holdings ⓘ	28	Perf Week ⓘ	-1.88%
ETF Type ⓘ	Global Commodities & Metals	Active/Passive ⓘ	Passive	Return% 3Y ⓘ	-10.81%	AUM ⓘ	$301M	Perf Month ⓘ	8.69%
Expense ⓘ	2.8%	NAV ⓘ	$25.14	Return% 5Y ⓘ	-5.88%	52W High ⓘ	-5.98%	Perf Quarter ⓘ	5.74%
Dividend TTM ⓘ	-	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	-4.68%	52W Low ⓘ	23.96%	Perf Half Y ⓘ	18.17%
Flows% 1M ⓘ	-5.25%	Flows% YTD ⓘ	93.24%	Return% SI ⓘ	-10.11%	Volatility(W/M) ⓘ	1.94% 1.88%	Perf YTD ⓘ	22.78%
SMA20 ⓘ	2.52%	SMA50 ⓘ	4.23%	SMA200 ⓘ	11.15%	RSI (14) ⓘ	54.81	Beta ⓘ	-0.04
IPO ⓘ	2011/9/19	Prev Close ⓘ	$25.22	Perf Year ⓘ	9.96%	Avg Volume ⓘ	0.69M	Price ⓘ	$24.52

📊 Teucrium Wheat Fund (WEAT) Investment Analysis

ETF Overview

Teucrium Wheat Fund · Commodities & Metals - Agricultural

원자재형 — 금·원유·농산물 등 실물 자산 노출

2011년 상장, 15년 운영 중.

Teucrium Wheat는 펀드 주식의 NAV 일간 변동이 Teucrium Wheat Index로 측정되는 미래 인도 밀 가격의 일간 변동을 반영하도록 추구합니다. 이 펀드는 벤치마크 구성 선물계약에 투자하여 투자 목표를 달성합니다. 정상적인 시장 여건에서 운용사는 펀드 자산의 100%를 벤치마크 구성 선물계약과 현금·현금성 자산에 투자할 것으로 예상합니다.

📘 WEAT ETF 자세히 알아보기 →

commodityfutureswheat

규모: $301M 약 4118억원
운용사: Teucrium
운용 방식: 패시브 (지수 추종)
상장일: 2011년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

High-cost ETF — 2.8% annually

Costs are notably higher than the category average. Long-term holdings can erode returns.

Effective Annual Expense Ratio (Net Expense Ratio)

하위 5%

2.8%

My positionBottom 5%

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$2.8M

Pay $2.3M more per year vs. category average

Category Median Annual Cost

$550K

Based on expense ratio of 0.55%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$45.8M

47.4% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Cheaper alternatives in the same category

Invesco Agriculture Commodity Strategy No K-1 ETF

0.59%

-2.21%p annually

DBA

Invesco DB Agriculture Fund

0.83%

-1.97%p annually

* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Returns slightly below average

하위 25% vs. 전체 ETF.-5.0%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

🪙 Commodity ETFs — Price moves, not dividends

These products are exposed to spot (or futures) commodity prices, pay no dividends, and returns come purely from price changes. Benchmarking against the commodity itself (rather than an index like SPY) may be more meaningful.

If you had invested 10 year(s) ago

$100.0M

Today's value

$61.9M

→

Total loss

$-38,078,661

Annualized -4.7%

1 Year

2025.07 ~ 2026.07

Annualized +12.84%

평균권

Trailed the benchmark by 5.0%p annually

My positionMid-range

Low range Average High range

3 Years

2023.07 ~ 2026.07

Annualized -10.81% Cumulative -29.1%

하위 5%

Trailed the benchmark by 29.8%p annually

My positionBottom 5%

Low range Average High range

5 Years

2021.07 ~ 2026.07

Annualized -5.88% Cumulative -26.1%

하위 25%

Trailed the benchmark by 18.8%p annually

My positionBottom 25%

Low range Average High range

10Y

2016.07 ~ 2026.07

Annualized -4.68% Cumulative -38.1%

하위 25%

Trailed the benchmark by 19.6%p annually

My positionBottom 25%

Low range Average High range

10Y Cumulative Total Return Curve

2016-07-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

WEAT · Price Only WEAT · Price + Cumulative Dividends WEAT · Dividend Reinvested S&P 500 (SPY)

150

250

350

450

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

WEAT S&P 500 (SPY)

+40%

−40%

-13%

2017

-2%

2018

-2%

2019

+6%

2020

+20%

2021

+10%

2022

-24%

2023

-17%

2024

-16%

2025

+23%

2026 YTD

💡 SPY is an equity benchmark, so direct comparison with different asset classes is for reference only.

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

2 / 9Y

Lags behind benchmark (22%)

+ 2026 YTD: Ahead (22.6% vs 8.5%)

2017 ✗

2018 ✓

2019 ✗

2020 ✗

2021 ✗

2022 ✓

2023 ✗

2024 ✗

2025 ✗

2026 ✓ YTD

💡 Win rates against SPY are for reference only, since the asset class differs.

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ -10%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

Commodity Benchmark

Commodities move on a different rhythm than the stock market, and volatility varies widely by type — gold tends to be stable while crude oil can swing sharply.

🪙 Commodity ETFs — Independent volatility patterns

Commodities move on a different cycle than equities. Beta (vs. stocks) carries little meaning, and volatility varies widely by asset (low for gold, high for crude oil).

Beta (market sensitivity)

상위 5%

-0.04

If the market rises +10% -0.4%

If the market falls -10% +0.4%

My positionTop 5%

Low range Average High range

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

하위 25%

±1.88%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-67.8%

Drawdown duration: 44 months

2022-05-17 → 2025-12-17

Still recovering

2015-07-31 Worst -68% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

-0.35

Poor — Underperforms the risk-free rate

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Estimated Monthly Maximum Loss (VaR 95%)

-11.9%

Historically, monthly losses exceeding this figure occurred only5%of the time.

ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

Warrants a closer look Several metrics show warning signs. Compare it with similar ETFs before deciding.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

장기 보유

수년 이상 꾸준히 모아갈 때

매우 낮음

💵

배당 인컴

매월·분기 현금흐름이 목적일 때

매우 낮음

⚡

단기 트레이딩

며칠~몇 주 단기 방향성 매매

낮음

🧩

포트폴리오 보조

자산 배분·헤지 용도

매우 적합

👤

이런 분에게 어울려요

Investors seeking asset diversification

✅ 강점

뚜렷한 강점이 드러나지 않아요.

⚠️ 약점·주의사항

💸Very high expense ratio — 2.8% annually
📈Long-term returns trail the average
⚠️Volatility is above average
🎯Trails benchmark by -18.8%p annually

Category Peers

Category: Commodities & Metals - Agricultural

같은 카테고리 4종 중 AUM 3/4위 · 보수율 4/4위

카테고리: Commodities & Metals - Agricultural

ℹ️ 왜 비교해야 하나요?

같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 WEAT보다 유리, ▼ 표시는 WEAT보다 불리를 뜻해요.

티커	ETF명	보수율	AUM	보유종목	배당률	YTD	1년
WEAT	Teucrium Wheat Fund	2.8%	$301M	28	-	+22.78%	+9.96%
DBA	Invesco DB Agriculture Fund	0.83% ▲	$1.3B ▲	18	-	-	+9.73% ▼
PDBA	Invesco Agriculture Commodity Strategy No K-1 ETF	0.59% ▲	$313M ▲	18	3.06%	-	+6.16% ▼
CORN	Teucrium Corn Fund	0.18% ▲	$183M ▼	27	-	-	+2.40% ▼

AUM 내림차순 정렬 · ▲ WEAT보다 유리 · ▼ WEAT보다 불리

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

21 ETFs tracking the same theme as WEAT using leveraged or covered call strategies (Leverage 8 · Inverse 6 · Covered Call 7)

Not direct derivatives of WEAT, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with WEAT, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)