CANE vs. DBA
CANE (Teucrium Sugar Fund) and DBA (Invesco DB Agriculture Fund) are both Agricultural Commodities funds - CANE tracks the Teucrium Sugar Fund Benchmark while DBA tracks the DBIQ Diversified Agriculture Index Excess Return. Both are passively managed. Over the past 10 years, CANE returned -2.97%/yr vs 3.67%/yr for DBA. At a 0.41 correlation, their price movements are largely independent. CANE charges 1.88%/yr vs 0.88%/yr for DBA.
Performance
CANE vs. DBA - Performance Comparison
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Returns By Period
In the year-to-date period, CANE achieves a -5.79% return, which is significantly lower than DBA's 4.43% return. Over the past 10 years, CANE has underperformed DBA with an annualized return of -2.97%, while DBA has yielded a comparatively higher 3.67% annualized return.
CANE
- 1D
- -1.71%
- 1M
- -7.17%
- YTD
- -5.79%
- 6M
- -5.29%
- 1Y
- -16.38%
- 3Y*
- -12.16%
- 5Y*
- 2.51%
- 10Y*
- -2.97%
DBA
- 1D
- 0.08%
- 1M
- -3.30%
- YTD
- 4.43%
- 6M
- 4.76%
- 1Y
- 4.55%
- 3Y*
- 11.76%
- 5Y*
- 11.03%
- 10Y*
- 3.67%
CANE vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CANE Teucrium Sugar Fund | -5.79% | -14.65% | -7.79% | 30.06% | 3.59% | 36.30% | -3.85% | -0.97% | -27.52% | -24.76% |
DBA Invesco DB Agriculture Fund | 4.43% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
Correlation
The correlation between CANE and DBA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.41 |
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Return for Risk
CANE vs. DBA — Risk / Return Rank
CANE
DBA
CANE vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) and Invesco DB Agriculture Fund (DBA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CANE | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.08 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.53 | -1.36 |
| Martin ratioReturn relative to average drawdown | -1.31 | 1.15 | -2.46 |
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Drawdowns
CANE vs. DBA - Drawdown Comparison
The maximum CANE drawdown since its inception was -81.30%, which is greater than DBA's maximum drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for CANE and DBA.
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Drawdown Indicators
| CANE | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -67.97% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -19.82% | -8.67% | -11.15% |
Max Drawdown (3Y)Largest decline over 3 years | -41.73% | -12.36% | -29.37% |
Max Drawdown (5Y)Largest decline over 5 years | -41.73% | -15.94% | -25.79% |
Max Drawdown (10Y)Largest decline over 10 years | -67.29% | -39.12% | -28.17% |
Current DrawdownCurrent decline from peak | -65.07% | -26.48% | -38.59% |
Average DrawdownAverage peak-to-trough decline | -56.51% | -41.06% | -15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.53% | 3.96% | +8.57% |
Volatility
CANE vs. DBA - Volatility Comparison
Teucrium Sugar Fund (CANE) has a higher volatility of 5.00% compared to Invesco DB Agriculture Fund (DBA) at 2.85%. This indicates that CANE's price experiences larger fluctuations and is considered to be riskier than DBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANE | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 2.85% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 6.65% | +9.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.47% | 10.60% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 13.93% | +7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.70% | 13.06% | +8.64% |
CANE vs. DBA - Expense Ratio Comparison
CANE has a 1.88% expense ratio, which is higher than DBA's 0.88% expense ratio.
Dividends
CANE vs. DBA - Dividend Comparison
CANE has not paid dividends to shareholders, while DBA's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CANE Teucrium Sugar Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBA Invesco DB Agriculture Fund | 3.42% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
Frequently Asked Questions
CANE and DBA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANE has higher volatility (5.00%) compared to DBA (2.85%). In terms of maximum drawdown, CANE dropped -81.30% vs DBA's -67.97%.
On 10-year performance, DBA leads with 3.67% vs -2.97% for CANE. On fees, DBA is cheaper at 0.88% per year. On volatility, DBA has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBA has performed better with a 3.67% return vs -2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBA is cheaper with a 0.88% expense ratio, compared with 1.88% for CANE.
DBA has the higher dividend yield at 3.42%, compared with 0.00% for CANE.
CANE tracks Teucrium Sugar Fund Benchmark, while DBA tracks DBIQ Diversified Agriculture Index Excess Return. They also come from different issuers: Teucrium and Invesco. Their fees differ too: 1.88% for CANE and 0.88% for DBA.
DBA currently has the higher Sharpe Ratio (0.43 vs -0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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