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 -2.23%/yr vs 1.25%/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 -0.77% return, which is significantly lower than FXF's -0.20% return. Over the past 10 years, CANE has underperformed FXF with an annualized return of -2.23%, while FXF has yielded a comparatively higher 1.25% 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%
FXF
- 1D
- -0.62%
- 1M
- -1.07%
- YTD
- -0.20%
- 6M
- 0.70%
- 1Y
- 3.46%
- 3Y*
- 4.38%
- 5Y*
- 2.01%
- 10Y*
- 1.25%
CANE vs. FXF - 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% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -0.20% | 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 -0.03, 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 | 0.01 |
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 20, 2011 | 0.07 |
The correlation between CANE and FXF shifts across timeframes, from -0.03 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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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.
| CANE | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.09 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.72 | -1.44 |
| Martin ratioReturn relative to average drawdown | -1.18 | 1.62 | -2.80 |
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 | FXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | 0.47 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.24 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.17 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | 0.17 | -0.44 |
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 | -19.89% | -4.82% | -15.07% |
Max Drawdown (3Y)Largest decline over 3 years | -41.73% | -8.52% | -33.21% |
Max Drawdown (5Y)Largest decline over 5 years | -41.73% | -13.03% | -28.70% |
Max Drawdown (10Y)Largest decline over 10 years | -67.29% | -15.04% | -52.25% |
Current DrawdownCurrent decline from peak | -63.21% | -18.53% | -44.68% |
Average DrawdownAverage peak-to-trough decline | -56.50% | -20.84% | -35.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 2.15% | +10.20% |
Volatility
CANE vs. FXF - Volatility Comparison
Teucrium Sugar Fund (CANE) has a higher volatility of 6.85% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 1.69%. 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 | 6.85% | 1.69% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 5.56% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 7.51% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 8.32% | +12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 7.57% | +14.15% |
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 -0.03, 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 FXF (1.69%). In terms of maximum drawdown, CANE dropped -81.30% vs FXF's -35.58%.
On 10-year performance, FXF leads with 1.25% vs -2.23% for CANE. On fees, FXF is cheaper at 0.40% per year. On volatility, FXF has been the lower-risk option at 1.69%. 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 1.25% return vs -2.23%. 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 (0.47 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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