GLD vs. SOYB
GLD (SPDR Gold Shares) and SOYB (Teucrium Soybean Fund) are both exchange-traded funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, GLD returned 11.48%/yr vs 2.13%/yr for SOYB. At a 0.12 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 1.88%/yr for SOYB.
Performance
GLD vs. SOYB - Performance Comparison
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Returns By Period
In the year-to-date period, GLD achieves a -4.87% return, which is significantly lower than SOYB's 15.14% return. Over the past 10 years, GLD has outperformed SOYB with an annualized return of 11.48%, while SOYB has yielded a comparatively lower 2.13% annualized return.
GLD
- 1D
- -0.31%
- 1M
- -2.41%
- 6M
- -9.04%
- YTD
- -4.87%
- 1Y
- 21.95%
- 3Y*
- 28.08%
- 5Y*
- 17.38%
- 10Y*
- 11.48%
SOYB
- 1D
- 0.28%
- 1M
- 4.35%
- 6M
- 13.74%
- YTD
- 15.14%
- 1Y
- 17.29%
- 3Y*
- -3.42%
- 5Y*
- 2.09%
- 10Y*
- 2.13%
GLD vs. SOYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -4.87% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
SOYB Teucrium Soybean Fund | 15.14% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
Correlation
The correlation between GLD and SOYB is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.12 |
The correlation between GLD and SOYB shifts across timeframes, from -0.01 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. SOYB — Risk / Return Rank
GLD
SOYB
GLD vs. SOYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) 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.
| GLD | SOYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.92 | -1.04 |
| Martin ratioReturn relative to average drawdown | 2.19 | 5.02 | -2.82 |
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Drawdowns
GLD vs. SOYB - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum SOYB drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for GLD and SOYB.
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Drawdown Indicators
| GLD | SOYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -53.76% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -8.78% | -17.43% |
Max Drawdown (3Y)Largest decline over 3 years | -26.21% | -31.01% | +4.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -31.01% | +4.80% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -33.93% | +7.72% |
Current DrawdownCurrent decline from peak | -23.97% | -14.12% | -9.85% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -25.69% | +9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.56% | 3.36% | +7.20% |
Volatility
GLD vs. SOYB - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 8.27% compared to Teucrium Soybean Fund (SOYB) at 4.42%. This indicates that GLD'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
| GLD | SOYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 4.42% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 24.05% | 9.47% | +14.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.78% | 12.93% | +14.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.34% | 17.14% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.80% | -0.72% |
GLD vs. SOYB - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is lower than SOYB's 1.88% expense ratio.
Dividends
GLD vs. SOYB - Dividend Comparison
Neither GLD nor SOYB has paid dividends to shareholders.
Frequently Asked Questions
GLD and SOYB have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (8.27%) compared to SOYB (4.42%). In terms of maximum drawdown, GLD dropped -45.56% vs SOYB's -53.76%.
On 10-year performance, GLD leads with 11.48% vs 2.13% for SOYB. On fees, GLD is cheaper at 0.40% per year. On volatility, SOYB has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 11.48% return vs 2.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 1.88% for SOYB.
GLD and SOYB have nearly identical dividend yields, around 0.00%.
GLD is categorized as Gold, while SOYB is Agricultural Commodities. GLD tracks LBMA Gold Price PM, while SOYB tracks Teucrium Soybean Fund Benchmark. They also come from different issuers: State Street and Teucrium. Their fees differ too: 0.40% for GLD and 1.88% for SOYB.
SOYB currently has the higher Sharpe Ratio (1.31 vs 0.84), 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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