DAX vs. SOYB
DAX (Global X DAX Germany ETF) and SOYB (Teucrium Soybean Fund) are both exchange-traded funds - DAX is a Europe Equities fund tracking the DAX Index, while SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, DAX returned 9.57%/yr vs 1.20%/yr for SOYB. At a 0.15 correlation, their price movements are largely independent. DAX charges 0.20%/yr vs 1.88%/yr for SOYB.
Performance
DAX vs. SOYB - Performance Comparison
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Returns By Period
In the year-to-date period, DAX achieves a -1.45% return, which is significantly lower than SOYB's 10.38% return. Over the past 10 years, DAX has outperformed SOYB with an annualized return of 9.57%, while SOYB has yielded a comparatively lower 1.20% annualized return.
DAX
- 1D
- 0.26%
- 1M
- 0.49%
- YTD
- -1.45%
- 6M
- -0.46%
- 1Y
- 2.74%
- 3Y*
- 16.82%
- 5Y*
- 7.62%
- 10Y*
- 9.57%
SOYB
- 1D
- 0.04%
- 1M
- -4.85%
- YTD
- 10.38%
- 6M
- 7.15%
- 1Y
- 11.25%
- 3Y*
- -2.26%
- 5Y*
- -0.20%
- 10Y*
- 1.20%
DAX vs. SOYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | -1.45% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
SOYB Teucrium Soybean Fund | 10.38% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
Correlation
The correlation between DAX and SOYB is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.15 |
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Return for Risk
DAX vs. SOYB — Risk / Return Rank
DAX
SOYB
DAX vs. SOYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) 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.
| DAX | SOYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.29 | -1.10 |
| Martin ratioReturn relative to average drawdown | 0.58 | 3.08 | -2.51 |
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Drawdowns
DAX vs. SOYB - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum SOYB drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for DAX and SOYB.
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Drawdown Indicators
| DAX | SOYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -53.76% | +8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -8.78% | -6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -31.01% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -39.72% | -31.01% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -37.52% | -8.06% |
Current DrawdownCurrent decline from peak | -5.39% | -17.67% | +12.28% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -25.74% | +15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 3.66% | +1.11% |
Volatility
DAX vs. SOYB - Volatility Comparison
Global X DAX Germany ETF (DAX) has a higher volatility of 5.86% compared to Teucrium Soybean Fund (SOYB) at 3.94%. This indicates that DAX'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.
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Volatility by Period
| DAX | SOYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 3.94% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 9.03% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 13.16% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 17.98% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 16.96% | +4.29% |
DAX vs. SOYB - Expense Ratio Comparison
DAX has a 0.20% expense ratio, which is lower than SOYB's 1.88% expense ratio.
Dividends
DAX vs. SOYB - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 1.50%, while SOYB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 1.50% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
SOYB Teucrium Soybean 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% |
Frequently Asked Questions
DAX and SOYB have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAX has higher volatility (5.86%) compared to SOYB (3.94%). In terms of maximum drawdown, DAX dropped -45.58% vs SOYB's -53.76%.
On 10-year performance, DAX leads with 9.57% vs 1.20% for SOYB. On fees, DAX is cheaper at 0.20% per year. On volatility, SOYB has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DAX has performed better with a 9.57% return vs 1.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DAX is cheaper with a 0.20% expense ratio, compared with 1.88% for SOYB.
DAX has the higher dividend yield at 1.50%, compared with 0.00% for SOYB.
DAX is categorized as Europe Equities, while SOYB is Agricultural Commodities. DAX tracks DAX Index, while SOYB tracks Teucrium Soybean Fund Benchmark. They also come from different issuers: Global X and Teucrium. Their fees differ too: 0.20% for DAX and 1.88% for SOYB.
SOYB currently has the higher Sharpe Ratio (0.86 vs 0.15), 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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