CANE vs. TAGS
CANE (Teucrium Sugar Fund) and TAGS (Teucrium Agricultural Fund) are both Agricultural Commodities funds from Teucrium - CANE tracks the Teucrium Sugar Fund Benchmark while TAGS tracks the Teucrium TAGS Index. Both are passively managed. Over the past 10 years, CANE returned -2.23%/yr vs -1.74%/yr for TAGS. At a 0.31 correlation, their price movements are largely independent. CANE charges 1.88%/yr vs 0.21%/yr for TAGS.
Performance
CANE vs. TAGS - 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 TAGS's 6.11% return. Over the past 10 years, CANE has underperformed TAGS with an annualized return of -2.23%, while TAGS has yielded a comparatively higher -1.74% 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%
TAGS
- 1D
- -1.20%
- 1M
- -5.48%
- YTD
- 6.11%
- 6M
- 4.04%
- 1Y
- -0.95%
- 3Y*
- -7.08%
- 5Y*
- -1.51%
- 10Y*
- -1.74%
CANE vs. TAGS - 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% |
TAGS Teucrium Agricultural Fund | 6.11% | -8.76% | -14.57% | -6.11% | 16.25% | 27.05% | 8.19% | -4.53% | -7.10% | -13.94% |
Correlation
The correlation between CANE and TAGS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012 | 0.31 |
The correlation between CANE and TAGS shifts across timeframes, from 0.31 (all time) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CANE vs. TAGS — Risk / Return Rank
CANE
TAGS
CANE vs. TAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) and Teucrium Agricultural Fund (TAGS). 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 | TAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.00 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.09 | -0.63 |
| Martin ratioReturn relative to average drawdown | -1.18 | -0.16 | -1.02 |
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 | TAGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | -0.08 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | -0.09 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | -0.10 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | -0.23 | -0.03 |
Drawdowns
CANE vs. TAGS - Drawdown Comparison
The maximum CANE drawdown since its inception was -81.30%, which is greater than TAGS's maximum drawdown of -76.40%. Use the drawdown chart below to compare losses from any high point for CANE and TAGS.
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Drawdown Indicators
| CANE | TAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -76.40% | -4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -19.89% | -10.07% | -9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -41.73% | -33.59% | -8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -41.73% | -37.60% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -67.29% | -47.30% | -19.99% |
Current DrawdownCurrent decline from peak | -63.21% | -63.69% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -56.50% | -57.23% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 5.88% | +6.47% |
Volatility
CANE vs. TAGS - Volatility Comparison
Teucrium Sugar Fund (CANE) has a higher volatility of 6.85% compared to Teucrium Agricultural Fund (TAGS) at 5.52%. This indicates that CANE's price experiences larger fluctuations and is considered to be riskier than TAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANE | TAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 5.52% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 10.12% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 12.61% | +8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 16.58% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 18.04% | +3.68% |
CANE vs. TAGS - Expense Ratio Comparison
CANE has a 1.88% expense ratio, which is higher than TAGS's 0.21% expense ratio.
Dividends
CANE vs. TAGS - Dividend Comparison
Neither CANE nor TAGS has paid dividends to shareholders.
Frequently Asked Questions
CANE and TAGS have a correlation of 0.51, 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 TAGS (5.52%). In terms of maximum drawdown, CANE dropped -81.30% vs TAGS's -76.40%.
On 10-year performance, TAGS leads with -1.74% vs -2.23% for CANE. On fees, TAGS is cheaper at 0.21% per year. On volatility, TAGS has been the lower-risk option at 5.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TAGS has performed better with a -1.74% return vs -2.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAGS is cheaper with a 0.21% expense ratio, compared with 1.88% for CANE.
CANE and TAGS have nearly identical dividend yields, around 0.00%.
CANE tracks Teucrium Sugar Fund Benchmark, while TAGS tracks Teucrium TAGS Index. Their fees differ too: 1.88% for CANE and 0.21% for TAGS.
TAGS currently has the higher Sharpe Ratio (-0.08 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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