Wheat vs the S&P 500 (WEAT): is it outperforming?
Over the past month, WEAT has outperformed the S&P 500 by 6.7 points. Here is where that puts it in the market rotation — updated daily.
Where WEAT sits on the rotation map
Wheat highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.
WEAT vs SPY: head-to-head returns
WEAT (wheat) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means WEAT won that window.
Data as of 2026-08-27 · computed from daily adjusted closes · how we measure
The read
Wheat (WEAT) sits in the Outperformers quadrant of the rotation map: it has decisively beaten the S&P 500 by 6.7 points over the past month, on top of a 4.7-point advantage over the longer, time-shifted window. Ranked by one-month spread, it currently stands #24 of the 115 groups Zensei tracks.
On the shorter tape, WEAT's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. WEAT's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The thing to watch from here is durability: outperformers that hold their one-month spread while the longer window keeps building tend to stay out front; a fading spread is the early exit signal.
What's inside WEAT
Top 1 of 1 tracked holdings, by portfolio weight.
Wheat vs the market — common questions
Is wheat outperforming the S&P 500?
Right now, yes: over the past month WEAT has outperformed the S&P 500 by 6.7 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is WEAT?
WEAT is Teucrium Wheat Fund, the fund Zensei uses to measure the wheat group against the S&P 500 benchmark (SPY).
What quadrant is wheat in right now?
As of the latest daily data, wheat is in the Outperformers quadrant — outperforming the S&P 500 on both the recent and the longer, time-shifted window. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track wheat against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.