CANE vs. FDEGX

Last updated Jul 12, 2026

CANE (Teucrium Sugar Fund) and FDEGX (Fidelity Growth Strategies Fund) are both funds - CANE is a Agricultural Commodities fund tracking the Teucrium Sugar Fund Benchmark, while FDEGX is a Mid Cap Growth Equities fund managed by Fidelity. Over the past 10 years, CANE returned -2.63%/yr vs 11.81%/yr for FDEGX. At a 0.07 correlation, their price movements are largely independent. CANE charges 1.88%/yr vs 0.63%/yr for FDEGX.

Performance

CANE vs. FDEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Sugar Fund (CANE) and Fidelity Growth Strategies Fund (FDEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CANE achieves a 0.56% return, which is significantly lower than FDEGX's 9.72% return. Over the past 10 years, CANE has underperformed FDEGX with an annualized return of -2.63%, while FDEGX has yielded a comparatively higher 11.81% annualized return.

CANE

• 1D: -1.60%
• 1M: 4.47%
• 6M: 1.41%
• YTD: 0.56%
• 1Y: -11.10%
• 3Y*: -9.00%
• 5Y*: 3.30%
• 10Y*: -2.63%

FDEGX

• 1D: -0.69%
• 1M: -1.67%
• 6M: 5.03%
• YTD: 9.72%
• 1Y: 1.27%
• 3Y*: 14.40%
• 5Y*: 6.44%
• 10Y*: 11.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CANE vs. FDEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CANE Teucrium Sugar Fund	0.56%	-14.65%	-7.79%	30.06%	3.59%	36.30%	-3.85%	-0.97%	-27.52%	-24.76%
FDEGX Fidelity Growth Strategies Fund	9.72%	2.88%	26.57%	20.93%	-26.50%	21.30%	29.34%	36.59%	-6.92%	21.03%

Correlation

The correlation between CANE and FDEGX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011	0.07

Return for Risk

CANE vs. FDEGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CANE

CANE Risk / Return Rank: 5
CANE Sharpe Ratio Rank: 5
CANE Sortino Ratio Rank: 5
CANE Omega Ratio Rank: 5
CANE Calmar Ratio Rank: 5
CANE Martin Ratio Rank: 6

FDEGX

FDEGX Risk / Return Rank: 4
FDEGX Sharpe Ratio Rank: 4
FDEGX Sortino Ratio Rank: 4
FDEGX Omega Ratio Rank: 4
FDEGX Calmar Ratio Rank: 4
FDEGX Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CANE vs. FDEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) and Fidelity Growth Strategies Fund (FDEGX). 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	FDEGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	0.02	-0.53
Sortino ratio: Return per unit of downside risk	-0.61	0.19	-0.79
Omega ratio: Gain probability vs. loss probability	0.93	1.02	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.51	0.03	-0.54
Martin ratio: Return relative to average drawdown	-0.78	0.07	-0.85

CANE vs. FDEGX - Sharpe Ratio Comparison

The current CANE Sharpe Ratio is -0.51, which is lower than the FDEGX Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of CANE and FDEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CANE vs. FDEGX - Drawdown Comparison

The maximum CANE drawdown since its inception was -81.30%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for CANE and FDEGX.

Drawdown Indicators

	CANE	FDEGX	Difference
Max Drawdown Largest peak-to-trough decline	-81.30%	-85.96%	+4.66%
Max Drawdown (1Y) Largest decline over 1 year	-19.82%	-20.45%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-41.73%	-26.04%	-15.69%
Max Drawdown (5Y) Largest decline over 5 years	-41.73%	-36.62%	-5.11%
Max Drawdown (10Y) Largest decline over 10 years	-67.29%	-36.62%	-30.67%
Current Drawdown Current decline from peak	-62.71%	-5.89%	-56.82%
Average Drawdown Average peak-to-trough decline	-56.53%	-36.73%	-19.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.90%	8.13%	+4.77%

Volatility

CANE vs. FDEGX - Volatility Comparison

The current volatility for Teucrium Sugar Fund (CANE) is 5.52%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 8.22%. This indicates that CANE experiences smaller price fluctuations and is considered to be less risky than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CANE	FDEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	8.22%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	15.97%	17.54%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	20.06%	23.28%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.99%	23.58%	-2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	22.14%	-0.52%

CANE vs. FDEGX - Expense Ratio Comparison

CANE has a 1.88% expense ratio, which is higher than FDEGX's 0.63% expense ratio.

Dividends

CANE vs. FDEGX - Dividend Comparison

Neither CANE nor FDEGX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CANE Teucrium Sugar Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDEGX Fidelity Growth Strategies Fund	0.00%	0.00%	7.89%	0.05%	0.00%	14.15%	8.37%	3.65%	0.75%	0.05%	0.59%	0.13%

Frequently Asked Questions

Can I hold both CANE and FDEGX in my portfolio?

CANE and FDEGX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CANE or FDEGX?

FDEGX has higher volatility (8.22%) compared to CANE (5.52%). In terms of maximum drawdown, CANE dropped -81.30% vs FDEGX's -85.96%.

Which has better risk-adjusted returns?

FDEGX currently has the higher Sharpe Ratio (0.02 vs -0.51), 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.