CANE vs. DBC
CANE (Teucrium Sugar Fund) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - CANE is a Agricultural Commodities fund tracking the Teucrium Sugar Fund Benchmark, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Both are passively managed. Over the past 10 years, CANE returned -2.23%/yr vs 9.10%/yr for DBC. At a 0.28 correlation, their price movements are largely independent. CANE charges 1.88%/yr vs 0.85%/yr for DBC.
Performance
CANE vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, CANE achieves a -0.77% return, which is significantly lower than DBC's 35.47% return. Over the past 10 years, CANE has underperformed DBC with an annualized return of -2.23%, while DBC has yielded a comparatively higher 9.10% annualized return.
CANE
- 1D
- -1.02%
- 1M
- -5.56%
- YTD
- -0.77%
- 6M
- 0.83%
- 1Y
- -14.28%
- 3Y*
- -10.43%
- 5Y*
- 2.90%
- 10Y*
- -2.23%
DBC
- 1D
- 0.56%
- 1M
- -3.32%
- YTD
- 35.47%
- 6M
- 35.36%
- 1Y
- 45.90%
- 3Y*
- 15.09%
- 5Y*
- 12.78%
- 10Y*
- 9.10%
CANE vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CANE Teucrium Sugar Fund | -0.77% | -14.65% | -7.79% | 30.06% | 3.59% | 36.30% | -3.85% | -0.97% | -27.52% | -24.76% |
DBC Invesco DB Commodity Index Tracking Fund | 35.47% | 8.10% | 2.18% | -6.19% | 19.34% | 41.36% | -7.84% | 11.84% | -11.63% | 4.86% |
Correlation
The correlation between CANE and DBC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.28 |
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Return for Risk
CANE vs. DBC — Risk / Return Rank
CANE
DBC
CANE vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
| CANE | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.16 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.43 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 6.54 | -7.26 |
| Martin ratioReturn relative to average drawdown | -1.18 | 13.91 | -15.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CANE | DBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | 2.47 | -3.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.67 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.51 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | 0.12 | -0.38 |
Drawdowns
CANE vs. DBC - Drawdown Comparison
The maximum CANE drawdown since its inception was -81.30%, which is greater than DBC's maximum drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for CANE and DBC.
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Drawdown Indicators
| CANE | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -76.36% | -4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -19.89% | -7.05% | -12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -41.73% | -13.82% | -27.91% |
Max Drawdown (5Y)Largest decline over 5 years | -41.73% | -27.34% | -14.39% |
Max Drawdown (10Y)Largest decline over 10 years | -67.29% | -41.71% | -25.58% |
Current DrawdownCurrent decline from peak | -63.21% | -21.64% | -41.57% |
Average DrawdownAverage peak-to-trough decline | -56.50% | -46.22% | -10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 3.31% | +9.04% |
Volatility
CANE vs. DBC - Volatility Comparison
Teucrium Sugar Fund (CANE) has a higher volatility of 6.85% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 6.45%. This indicates that CANE's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANE | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 6.45% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 15.75% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 18.68% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 19.18% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 17.81% | +3.91% |
CANE vs. DBC - Expense Ratio Comparison
CANE has a 1.88% expense ratio, which is higher than DBC's 0.85% expense ratio.
Dividends
CANE vs. DBC - Dividend Comparison
CANE has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 2.46%.
| 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% |
DBC Invesco DB Commodity Index Tracking Fund | 2.46% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Frequently Asked Questions
CANE and DBC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANE has higher volatility (6.85%) compared to DBC (6.45%). In terms of maximum drawdown, CANE dropped -81.30% vs DBC's -76.36%.
On 10-year performance, DBC leads with 9.10% vs -2.23% for CANE. On fees, DBC is cheaper at 0.85% per year. On volatility, DBC has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBC has performed better with a 9.10% return vs -2.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBC is cheaper with a 0.85% expense ratio, compared with 1.88% for CANE.
DBC has the higher dividend yield at 2.46%, compared with 0.00% for CANE.
CANE is categorized as Agricultural Commodities, while DBC is Commodities. CANE tracks Teucrium Sugar Fund Benchmark, while DBC tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. They also come from different issuers: Teucrium and Invesco. Their fees differ too: 1.88% for CANE and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (2.47 vs -0.69), 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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