CANE vs. FXF
CANE (Teucrium Sugar Fund) and FXF (Invesco CurrencyShares® Swiss Franc Trust) are both exchange-traded funds - CANE is a Agricultural Commodities fund tracking the Teucrium Sugar Fund Benchmark, while FXF is a Currency fund tracking the Swiss Franc. Both are passively managed. Over the past 10 years, CANE returned -2.91%/yr vs 0.98%/yr for FXF. At a 0.07 correlation, their price movements are largely independent. CANE charges 1.88%/yr vs 0.40%/yr for FXF.
Performance
CANE vs. FXF - Performance Comparison
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Returns By Period
In the year-to-date period, CANE achieves a -5.28% return, which is significantly lower than FXF's -2.44% return. Over the past 10 years, CANE has underperformed FXF with an annualized return of -2.91%, while FXF has yielded a comparatively higher 0.98% annualized return.
CANE
- 1D
- 0.54%
- 1M
- -6.67%
- YTD
- -5.28%
- 6M
- -5.84%
- 1Y
- -16.08%
- 3Y*
- -12.00%
- 5Y*
- 2.30%
- 10Y*
- -2.91%
FXF
- 1D
- -0.13%
- 1M
- -3.13%
- YTD
- -2.44%
- 6M
- -2.94%
- 1Y
- -0.35%
- 3Y*
- 3.15%
- 5Y*
- 2.00%
- 10Y*
- 0.98%
CANE vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CANE Teucrium Sugar Fund | -5.28% | -14.65% | -7.79% | 30.06% | 3.59% | 36.30% | -3.85% | -0.97% | -27.52% | -24.76% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -2.44% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
Correlation
The correlation between CANE and FXF is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
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 |
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Return for Risk
CANE vs. FXF — Risk / Return Rank
CANE
FXF
CANE vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) and Invesco CurrencyShares® Swiss Franc Trust (FXF). 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 | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.00 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.06 | -0.76 |
| Martin ratioReturn relative to average drawdown | -1.28 | -0.14 | -1.14 |
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Drawdowns
CANE vs. FXF - Drawdown Comparison
The maximum CANE drawdown since its inception was -81.30%, which is greater than FXF's maximum drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for CANE and FXF.
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Drawdown Indicators
| CANE | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -35.58% | -45.72% |
Max Drawdown (1Y)Largest decline over 1 year | -19.82% | -6.12% | -13.70% |
Max Drawdown (3Y)Largest decline over 3 years | -41.73% | -8.52% | -33.21% |
Max Drawdown (5Y)Largest decline over 5 years | -41.73% | -11.99% | -29.74% |
Max Drawdown (10Y)Largest decline over 10 years | -67.29% | -15.04% | -52.25% |
Current DrawdownCurrent decline from peak | -64.88% | -20.36% | -44.52% |
Average DrawdownAverage peak-to-trough decline | -56.51% | -20.83% | -35.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.58% | 2.41% | +10.17% |
Volatility
CANE vs. FXF - Volatility Comparison
Teucrium Sugar Fund (CANE) has a higher volatility of 4.97% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 1.97%. This indicates that CANE's price experiences larger fluctuations and is considered to be riskier than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANE | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 1.97% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 5.65% | +10.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.44% | 7.48% | +12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 8.32% | +12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.70% | 7.57% | +14.13% |
CANE vs. FXF - Expense Ratio Comparison
CANE has a 1.88% expense ratio, which is higher than FXF's 0.40% expense ratio.
Dividends
CANE vs. FXF - Dividend Comparison
Neither CANE nor FXF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CANE Teucrium Sugar Fund | 0.00% | 0.00% | 0.00% | 0.00% |
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% |
Frequently Asked Questions
CANE and FXF have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANE has higher volatility (4.97%) compared to FXF (1.97%). In terms of maximum drawdown, CANE dropped -81.30% vs FXF's -35.58%.
On 10-year performance, FXF leads with 0.98% vs -2.91% for CANE. On fees, FXF is cheaper at 0.40% per year. On volatility, FXF has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FXF has performed better with a 0.98% return vs -2.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXF is cheaper with a 0.40% expense ratio, compared with 1.88% for CANE.
CANE and FXF have nearly identical dividend yields, around 0.00%.
CANE is categorized as Agricultural Commodities, while FXF is Currency. CANE tracks Teucrium Sugar Fund Benchmark, while FXF tracks Swiss Franc. They also come from different issuers: Teucrium and Invesco. Their fees differ too: 1.88% for CANE and 0.40% for FXF.
FXF currently has the higher Sharpe Ratio (-0.05 vs -0.79), 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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