CANE vs. VRP
CANE (Teucrium Sugar Fund) and VRP (Invesco Variable Rate Preferred ETF) are both exchange-traded funds - CANE is a Agricultural Commodities fund tracking the Teucrium Sugar Fund Benchmark, while VRP is a Preferred Stock/Convertible Bonds fund tracking the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. Both are passively managed. Over the past 10 years, CANE returned -2.23%/yr vs 5.23%/yr for VRP. At a 0.06 correlation, their price movements are largely independent. CANE charges 1.88%/yr vs 0.50%/yr for VRP.
Performance
CANE vs. VRP - 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 VRP's 2.11% return. Over the past 10 years, CANE has underperformed VRP with an annualized return of -2.23%, while VRP has yielded a comparatively higher 5.23% 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%
VRP
- 1D
- -0.12%
- 1M
- 0.66%
- YTD
- 2.11%
- 6M
- 2.32%
- 1Y
- 6.96%
- 3Y*
- 9.76%
- 5Y*
- 4.38%
- 10Y*
- 5.23%
CANE vs. VRP - 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% |
VRP Invesco Variable Rate Preferred ETF | 2.11% | 7.34% | 11.10% | 10.35% | -9.00% | 4.20% | 5.11% | 18.84% | -6.62% | 9.26% |
Correlation
The correlation between CANE and VRP is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 2, 2014 | 0.06 |
The correlation between CANE and VRP shifts across timeframes, from -0.28 (1 year) to 0.06 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CANE vs. VRP — Risk / Return Rank
CANE
VRP
CANE vs. VRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Sugar Fund (CANE) and Invesco Variable Rate Preferred ETF (VRP). 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 | VRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -4.42 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.53 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.42 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.18 | 13.02 | -14.20 |
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 | VRP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | 2.42 | -3.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.67 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.36 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | 0.38 | -0.65 |
Drawdowns
CANE vs. VRP - Drawdown Comparison
The maximum CANE drawdown since its inception was -81.30%, which is greater than VRP's maximum drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for CANE and VRP.
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Drawdown Indicators
| CANE | VRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -46.04% | -35.26% |
Max Drawdown (1Y)Largest decline over 1 year | -19.89% | -2.89% | -17.00% |
Max Drawdown (3Y)Largest decline over 3 years | -41.73% | -4.26% | -37.47% |
Max Drawdown (5Y)Largest decline over 5 years | -41.73% | -13.76% | -27.97% |
Max Drawdown (10Y)Largest decline over 10 years | -67.29% | -46.04% | -21.25% |
Current DrawdownCurrent decline from peak | -63.21% | -0.12% | -63.09% |
Average DrawdownAverage peak-to-trough decline | -56.50% | -2.31% | -54.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 0.54% | +11.81% |
Volatility
CANE vs. VRP - Volatility Comparison
Teucrium Sugar Fund (CANE) has a higher volatility of 6.85% compared to Invesco Variable Rate Preferred ETF (VRP) at 0.66%. This indicates that CANE's price experiences larger fluctuations and is considered to be riskier than VRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANE | VRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 0.66% | +6.19% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 2.33% | +13.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 2.88% | +17.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 6.55% | +14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 14.53% | +7.19% |
CANE vs. VRP - Expense Ratio Comparison
CANE has a 1.88% expense ratio, which is higher than VRP's 0.50% expense ratio.
Dividends
CANE vs. VRP - Dividend Comparison
CANE has not paid dividends to shareholders, while VRP's dividend yield for the trailing twelve months is around 6.30%.
| 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% |
VRP Invesco Variable Rate Preferred ETF | 6.30% | 6.53% | 5.78% | 6.61% | 5.38% | 4.25% | 4.17% | 4.71% | 5.28% | 4.69% | 5.10% | 5.02% |
Frequently Asked Questions
CANE and VRP have a correlation of -0.28, 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 VRP (0.66%). In terms of maximum drawdown, CANE dropped -81.30% vs VRP's -46.04%.
On 10-year performance, VRP leads with 5.23% vs -2.23% for CANE. On fees, VRP is cheaper at 0.50% per year. On volatility, VRP has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VRP has performed better with a 5.23% return vs -2.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VRP is cheaper with a 0.50% expense ratio, compared with 1.88% for CANE.
VRP has the higher dividend yield at 6.30%, compared with 0.00% for CANE.
CANE is categorized as Agricultural Commodities, while VRP is Preferred Stock/Convertible Bonds. CANE tracks Teucrium Sugar Fund Benchmark, while VRP tracks Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. They also come from different issuers: Teucrium and Invesco. Their fees differ too: 1.88% for CANE and 0.50% for VRP.
VRP currently has the higher Sharpe Ratio (2.42 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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