SOYB vs. BG

Last updated Jun 4, 2026

SOYB (Teucrium Soybean Fund) is Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while BG (Bunge Limited) is a stock. Over the past 10 years, SOYB returned 1.86%/yr vs 10.10%/yr for BG. At a 0.17 correlation, their price movements are largely independent.

Performance

SOYB vs. BG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Soybean Fund (SOYB) and Bunge Limited (BG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOYB achieves a 12.90% return, which is significantly lower than BG's 49.26% return. Over the past 10 years, SOYB has underperformed BG with an annualized return of 1.86%, while BG has yielded a comparatively higher 10.10% annualized return.

SOYB

• 1D: -1.00%
• 1M: -2.14%
• YTD: 12.90%
• 6M: 6.01%
• 1Y: 14.47%
• 3Y*: -0.07%
• 5Y*: 0.26%
• 10Y*: 1.86%

BG

• 1D: 1.77%
• 1M: 3.59%
• YTD: 49.26%
• 6M: 39.53%
• 1Y: 77.15%
• 3Y*: 15.81%
• 5Y*: 11.16%
• 10Y*: 10.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOYB vs. BG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOYB Teucrium Soybean Fund	12.90%	1.77%	-20.48%	-5.23%	25.27%	16.85%	22.99%	-2.16%	-9.51%	-6.38%
BG Bunge Limited	49.26%	18.56%	-20.74%	3.79%	9.28%	46.77%	18.92%	11.77%	-17.99%	-4.76%

Correlation

The correlation between SOYB and BG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011	0.17

Return for Risk

SOYB vs. BG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOYB

SOYB Risk / Return Rank: 30
SOYB Sharpe Ratio Rank: 30
SOYB Sortino Ratio Rank: 30
SOYB Omega Ratio Rank: 29
SOYB Calmar Ratio Rank: 33
SOYB Martin Ratio Rank: 28

BG

BG Risk / Return Rank: 91
BG Sharpe Ratio Rank: 91
BG Sortino Ratio Rank: 92
BG Omega Ratio Rank: 89
BG Calmar Ratio Rank: 91
BG Martin Ratio Rank: 92

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.

SOYB vs. BG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and Bunge Limited (BG). 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.

	SOYB	BG	Difference
Sharpe ratio: Return per unit of total volatility	1.11	2.48	-1.37
Sortino ratio: Return per unit of downside risk	1.65	3.62	-1.97
Omega ratio: Gain probability vs. loss probability	1.20	1.42	-0.22
Calmar ratio: Return relative to maximum drawdown	1.65	5.04	-3.38
Martin ratio: Return relative to average drawdown	4.06	14.09	-10.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOYB vs. BG - Sharpe Ratio Comparison

The current SOYB Sharpe Ratio is 1.11, which is lower than the BG Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of SOYB and BG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOYB	BG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	2.48	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.38	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.33	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.33	-0.33

Drawdowns

SOYB vs. BG - Drawdown Comparison

The maximum SOYB drawdown since its inception was -53.76%, smaller than the maximum BG drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for SOYB and BG.

Drawdown Indicators

	SOYB	BG	Difference
Max Drawdown Largest peak-to-trough decline	-53.76%	-77.34%	+23.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-15.39%	+6.61%
Max Drawdown (3Y) Largest decline over 3 years	-31.01%	-38.82%	+7.81%
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	-41.49%	+10.48%
Max Drawdown (10Y) Largest decline over 10 years	-38.28%	-60.49%	+22.21%
Current Drawdown Current decline from peak	-15.80%	0.00%	-15.80%
Average Drawdown Average peak-to-trough decline	-25.76%	-28.91%	+3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	5.50%	-1.93%

Volatility

SOYB vs. BG - Volatility Comparison

The current volatility for Teucrium Soybean Fund (SOYB) is 4.05%, while Bunge Limited (BG) has a volatility of 8.83%. This indicates that SOYB experiences smaller price fluctuations and is considered to be less risky than BG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOYB	BG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	8.83%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	19.24%	-10.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	31.41%	-18.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	29.26%	-11.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	30.99%	-14.01%

Dividends

SOYB vs. BG - Dividend Comparison

SOYB has not paid dividends to shareholders, while BG's dividend yield for the trailing twelve months is around 2.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BG Bunge Limited	2.15%	3.12%	3.48%	2.55%	2.31%	2.76%	3.05%	3.48%	3.59%	2.62%	2.21%	2.11%
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

Can I hold both SOYB and BG in my portfolio?

SOYB and BG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOYB or BG?

BG has higher volatility (8.83%) compared to SOYB (4.05%). In terms of maximum drawdown, SOYB dropped -53.76% vs BG's -77.34%.

Which has better risk-adjusted returns?

BG currently has the higher Sharpe Ratio (2.48 vs 1.11), 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.