# WisdomTree Wheat (WEAP)

**Source:** https://fundology.uk/fund/weap · ISIN JE00BN7KB664 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, WEAP (WisdomTree Wheat, ISIN JE00BN7KB664) closed at £16.42 on the London Stock Exchange. Its ongoing charge is 0.99% a year (about £99 on £10,000). Over the five years to 30/09/2026 its total return was −35.9%, or −49.9% after UK CPIH inflation.

## Summary

WisdomTree Wheat is an exchange-traded fund (ETF) from WisdomTree, launched in 2006. It tracks the Bloomberg Wheat Subindex. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.99% a year — about £99 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Latest close: **£16.42** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | WEAP |
| ISIN | JE00BN7KB664 |
| Category | Gold & commodities |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | Bloomberg Wheat Subindex |
| Ongoing charge | 0.99% a year (£99 per £10,000) |
| Fund size | £139m |
| Launched | 2006 |
| Domicile | United Kingdom |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +24.61% | +20.70% | income reinvested |
| 3 years | -12.42% | -20.97% | income reinvested |
| 5 years | -35.90% | -49.89% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of WisdomTree Wheat in pounds (price only; the fund pays no income): 2024 −20.9%, 2025 −19.7%; 2026 to 30/09/2026 +26.2%. Returns of WisdomTree Wheat in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +23.2%; to 30/09/2025: −19.8%; to 30/09/2024: −17.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | -20.9% | -23.6% | Price |
| 2025 | -19.7% | -22.5% | Price |
| 2026 to 30/09/2026 | +26.2% | +22.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 25.49% | -10.63% |
| 3 years | 25.39% | -43.15% |

## Largest fall

Volatility of WisdomTree Wheat in pounds, annualised from weekly returns to 30/09/2026: 25.5% over 1 year, 25.4% over 3 years. Largest fall in the price of WisdomTree Wheat since February 2023, in pounds: −54.0% from 24/02/2023 to 02/01/2026. The lowest 12-month return of WisdomTree Wheat in pounds (price only; the fund pays no income) since February 2023 was −33.9% (12 months to 23/05/2025); the highest was +36.2% (12 months to 28/08/2026). On 30/09/2026 the price of WisdomTree Wheat was 39.9% below its highest weekly close since February 2023 (24/02/2023), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Wheat 0.99% a year, as of 01/10/2026: 2 of the 137 other gold and commodity funds charge more, 3 the same and 132 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.99%** per year
- ISA eligible: yes
- SIPP eligible: yes

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.