CANE vs. SOYB

Last updated Jun 23, 2026

CANE (Teucrium Sugar Fund) and SOYB (Teucrium Soybean Fund) are both Agricultural Commodities funds from Teucrium - CANE tracks the Teucrium Sugar Fund Benchmark while SOYB tracks the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, CANE returned -2.97%/yr vs 1.80%/yr for SOYB. At a 0.18 correlation, their price movements are largely independent. Both charge a 1.88% expense ratio.

Performance

CANE vs. SOYB - Performance Comparison

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

Returns By Period

In the year-to-date period, CANE achieves a -5.79% return, which is significantly lower than SOYB's 11.34% return. Over the past 10 years, CANE has underperformed SOYB with an annualized return of -2.97%, while SOYB has yielded a comparatively higher 1.80% 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%

SOYB

• 1D: 0.29%
• 1M: -2.87%
• YTD: 11.34%
• 6M: 9.94%
• 1Y: 8.71%
• 3Y*: -3.47%
• 5Y*: 1.75%
• 10Y*: 1.80%

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

CANE vs. SOYB - 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%
SOYB Teucrium Soybean Fund	11.34%	1.77%	-20.48%	-5.23%	25.27%	16.85%	22.99%	-2.16%	-9.51%	-6.38%

Correlation

The correlation between CANE and SOYB is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011	0.18

The correlation between CANE and SOYB shifts across timeframes, from 0.10 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

CANE vs. SOYB — Risk / Return Rank

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

CANE

CANE Risk / Return Rank: 2
CANE Sharpe Ratio Rank: 3
CANE Sortino Ratio Rank: 3
CANE Omega Ratio Rank: 3
CANE Calmar Ratio Rank: 2
CANE Martin Ratio Rank: 2

SOYB

SOYB Risk / Return Rank: 20
SOYB Sharpe Ratio Rank: 20
SOYB Sortino Ratio Rank: 19
SOYB Omega Ratio Rank: 19
SOYB Calmar Ratio Rank: 22
SOYB Martin Ratio Rank: 22

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. SOYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) and Teucrium Soybean Fund (SOYB). 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	SOYB	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	0.68	-1.48
Sortino ratio: Return per unit of downside risk	-1.08	1.03	-2.11
Omega ratio: Gain probability vs. loss probability	0.88	1.13	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.83	1.00	-1.83
Martin ratio: Return relative to average drawdown	-1.31	2.56	-3.87

CANE vs. SOYB - Sharpe Ratio Comparison

The current CANE Sharpe Ratio is -0.80, which is lower than the SOYB Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of CANE and SOYB, 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. SOYB - Drawdown Comparison

The maximum CANE drawdown since its inception was -81.30%, which is greater than SOYB's maximum drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for CANE and SOYB.

Drawdown Indicators

	CANE	SOYB	Difference
Max Drawdown Largest peak-to-trough decline	-81.30%	-53.76%	-27.54%
Max Drawdown (1Y) Largest decline over 1 year	-19.82%	-8.78%	-11.04%
Max Drawdown (3Y) Largest decline over 3 years	-41.73%	-31.01%	-10.72%
Max Drawdown (5Y) Largest decline over 5 years	-41.73%	-31.01%	-10.72%
Max Drawdown (10Y) Largest decline over 10 years	-67.29%	-37.49%	-29.80%
Current Drawdown Current decline from peak	-65.07%	-16.96%	-48.11%
Average Drawdown Average peak-to-trough decline	-56.51%	-25.73%	-30.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.53%	3.51%	+9.02%

Volatility

CANE vs. SOYB - Volatility Comparison

Teucrium Sugar Fund (CANE) has a higher volatility of 5.00% compared to Teucrium Soybean Fund (SOYB) at 3.09%. This indicates that CANE's price experiences larger fluctuations and is considered to be riskier than SOYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CANE	SOYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	3.09%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	15.91%	8.94%	+6.97%
Volatility (1Y) Calculated over the trailing 1-year period	20.47%	12.90%	+7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.98%	17.54%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	16.93%	+4.77%

CANE vs. SOYB - Expense Ratio Comparison

Both CANE and SOYB have an expense ratio of 1.88%.

Dividends

CANE vs. SOYB - Dividend Comparison

Neither CANE nor SOYB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CANE and SOYB in my portfolio?

CANE and SOYB have a correlation of 0.10, 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 SOYB?

CANE has higher volatility (5.00%) compared to SOYB (3.09%). In terms of maximum drawdown, CANE dropped -81.30% vs SOYB's -53.76%.

Which ETF is better, CANE or SOYB?

On 10-year performance, SOYB leads with 1.80% vs -2.97% for CANE. Both ETFs have the same 1.88% expense ratio. On volatility, SOYB has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CANE or SOYB?

Over the 10-year period, SOYB has performed better with a 1.80% return vs -2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CANE or SOYB?

CANE and SOYB have the same expense ratio: 1.88% per year.

Which ETF pays a higher dividend yield, CANE or SOYB?

CANE and SOYB have nearly identical dividend yields, around 0.00%.

What is the main difference between CANE and SOYB?

CANE tracks Teucrium Sugar Fund Benchmark, while SOYB tracks Teucrium Soybean Fund Benchmark.

Which has better risk-adjusted returns?

SOYB currently has the higher Sharpe Ratio (0.68 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.