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NOK=X vs. SOYB
Performance
Return for Risk
Drawdowns
Volatility

NOK=X vs. SOYB

Last updated Jun 6, 2026

NOK=X (USD/NOK) is a currency, while SOYB (Teucrium Soybean Fund) is Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. Over the past 10 years, NOK=X returned 1.54%/yr vs 2.98%/yr for SOYB. At a 0.40 correlation, their price movements are largely independent.

Performance

NOK=X vs. SOYB - Performance Comparison

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

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Different Trading Currencies

NOK=X is traded in NOK, while SOYB is traded in USD. To make them comparable, the SOYB values have been converted to NOK using the latest available exchange rates.

Returns By Period

In the year-to-date period, NOK=X achieves a -6.33% return, which is significantly lower than SOYB's 3.61% return. Over the past 10 years, NOK=X has underperformed SOYB with an annualized return of 1.54%, while SOYB has yielded a comparatively higher 2.98% annualized return.

NOK=X

1D
1.14%
1M
1.57%
YTD
-6.33%
6M
-6.44%
1Y
-6.06%
3Y*
-5.21%
5Y*
2.64%
10Y*
1.54%

SOYB

1D
1.09%
1M
-0.85%
YTD
3.61%
6M
-1.76%
1Y
4.15%
3Y*
-5.87%
5Y*
2.49%
10Y*
2.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NOK=X vs. SOYB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NOK=X
USD/NOK		-6.33%-11.45%11.97%4.04%11.02%2.57%-2.33%1.46%5.65%-4.93%
SOYB
Teucrium Soybean Fund		3.61%-9.88%-10.96%-1.40%39.08%19.85%20.13%-0.74%-4.39%-10.99%

Correlation

The correlation between NOK=X and SOYB is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Sep 20, 2011

0.40

Compare stocks, funds, or ETFs

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USD/NOK

Teucrium Soybean Fund

Often compared with NOK=X:
NOK=X vs. BTC-USDNOK=X vs. EWUNOK=X vs. QQQNOK=X vs. JPY=XNOK=X vs. COINNOK=X vs. XAUUSD=XNOK=X vs. SPY
Often compared with SOYB:
SOYB vs. CORNSOYB vs. WEATSOYB vs. SOYB.LSOYB vs. SPYSOYB vs. CANESOYB vs. TAGSSOYB vs. NQ=F

Return for Risk

NOK=X vs. SOYB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NOK=X
NOK=X Risk / Return Rank: 2323
Overall Rank
NOK=X Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
NOK=X Sortino Ratio Rank: 2323
Sortino Ratio Rank
NOK=X Omega Ratio Rank: 2323
Omega Ratio Rank
NOK=X Calmar Ratio Rank: 2525
Calmar Ratio Rank
NOK=X Martin Ratio Rank: 2121
Martin Ratio Rank
SOYB
SOYB Risk / Return Rank: 2525
Overall Rank
SOYB Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
SOYB Sortino Ratio Rank: 2424
Sortino Ratio Rank
SOYB Omega Ratio Rank: 2424
Omega Ratio Rank
SOYB Calmar Ratio Rank: 2727
Calmar Ratio Rank
SOYB Martin Ratio Rank: 2525
Martin Ratio Rank
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.

NOK=X vs. SOYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/NOK (NOK=X) 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.

NOK=XSOYBDifference
Sharpe ratioReturn per unit of total volatility
-0.62
0.29

-0.91

Sortino ratioReturn per unit of downside risk
-0.78
0.51

-1.30

Omega ratioGain probability vs. loss probability

0.91

1.06

-0.15

Calmar ratioReturn relative to maximum drawdown

-0.44

0.37

-0.81

Martin ratioReturn relative to average drawdown

-0.90

0.88

-1.78

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOK=X vs. SOYB - Sharpe Ratio Comparison

The current NOK=X Sharpe Ratio is -0.62, which is lower than the SOYB Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of NOK=X 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.

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Sharpe Ratios by Period

NOK=XSOYBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.62

0.29

-0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.21

0.13

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.11

0.16

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.17

+0.01

Drawdowns

NOK=X vs. SOYB - Drawdown Comparison

The maximum NOK=X drawdown since its inception was -35.52%, which is greater than SOYB's maximum drawdown of -33.15%. Use the drawdown chart below to compare losses from any high point for NOK=X and SOYB.

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Drawdown Indicators

NOK=XSOYBDifference

Max Drawdown

Largest peak-to-trough decline

-35.52%

-33.15%

-2.37%

Max Drawdown (1Y)

Largest decline over 1 year

-11.22%

-11.30%

+0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-19.95%

-33.15%

+13.20%

Max Drawdown (5Y)

Largest decline over 5 years

-19.95%

-33.15%

+13.20%

Max Drawdown (10Y)

Largest decline over 10 years

-35.52%

-33.15%

-2.37%

Current Drawdown

Current decline from peak

-20.41%

-28.40%

+7.99%

Average Drawdown

Average peak-to-trough decline

-13.16%

-14.61%

+1.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.58%

4.70%

+0.88%

Volatility

NOK=X vs. SOYB - Volatility Comparison

The current volatility for USD/NOK (NOK=X) is 1.85%, while Teucrium Soybean Fund (SOYB) has a volatility of 3.63%. This indicates that NOK=X experiences smaller price fluctuations and is considered to be less risky 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

NOK=XSOYBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.85%

3.63%

-1.78%

Volatility (6M)

Calculated over the trailing 6-month period

6.41%

10.71%

-4.30%

Volatility (1Y)

Calculated over the trailing 1-year period

7.97%

14.27%

-6.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.71%

19.46%

-7.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.92%

18.71%

-5.79%

Frequently Asked Questions

NOK=X and SOYB have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOYB has higher volatility (3.63%) compared to NOK=X (1.85%). In terms of maximum drawdown, NOK=X dropped -35.52% vs SOYB's -33.15%.

SOYB currently has the higher Sharpe Ratio (0.29 vs -0.62), 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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