SOYB vs. DAX
SOYB (Teucrium Soybean Fund) and DAX (Global X DAX Germany ETF) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while DAX is a Europe Equities fund tracking the DAX Index. Both are passively managed. Over the past 10 years, SOYB returned 1.86%/yr vs 8.97%/yr for DAX. At a 0.15 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.20%/yr for DAX.
Performance
SOYB vs. DAX - Performance Comparison
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Returns By Period
In the year-to-date period, SOYB achieves a 12.90% return, which is significantly higher than DAX's -0.66% return. Over the past 10 years, SOYB has underperformed DAX with an annualized return of 1.86%, while DAX has yielded a comparatively higher 8.97% 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%
DAX
- 1D
- -1.53%
- 1M
- 2.29%
- YTD
- -0.66%
- 6M
- 2.93%
- 1Y
- 3.88%
- 3Y*
- 17.88%
- 5Y*
- 7.71%
- 10Y*
- 8.97%
SOYB vs. DAX - 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% |
DAX Global X DAX Germany ETF | -0.66% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
Correlation
The correlation between SOYB and DAX is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
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 24, 2014 | 0.15 |
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Return for Risk
SOYB vs. DAX — Risk / Return Rank
SOYB
DAX
SOYB vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and Global X DAX Germany ETF (DAX). 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 | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.05 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.26 | +1.39 |
| Martin ratioReturn relative to average drawdown | 4.06 | 0.83 | +3.23 |
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
| SOYB | DAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.22 | +0.89 |
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 | 0.42 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.35 | -0.35 |
Drawdowns
SOYB vs. DAX - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for SOYB and DAX.
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Drawdown Indicators
| SOYB | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -45.58% | -8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -14.82% | +6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -16.03% | -14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -39.96% | +8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | -45.58% | +7.30% |
Current DrawdownCurrent decline from peak | -15.80% | -4.63% | -11.17% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -10.51% | -15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.68% | -1.11% |
Volatility
SOYB vs. DAX - Volatility Comparison
The current volatility for Teucrium Soybean Fund (SOYB) is 4.05%, while Global X DAX Germany ETF (DAX) has a volatility of 6.09%. This indicates that SOYB experiences smaller price fluctuations and is considered to be less risky than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOYB | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 6.09% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 14.37% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 17.66% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 20.38% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 21.28% | -4.30% |
SOYB vs. DAX - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than DAX's 0.20% expense ratio.
Dividends
SOYB vs. DAX - Dividend Comparison
SOYB has not paid dividends to shareholders, while DAX's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 1.48% | 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
SOYB and DAX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAX has higher volatility (6.09%) compared to SOYB (4.05%). In terms of maximum drawdown, SOYB dropped -53.76% vs DAX's -45.58%.
On 10-year performance, DAX leads with 8.97% vs 1.86% for SOYB. On fees, DAX is cheaper at 0.20% per year. On volatility, SOYB has been the lower-risk option at 4.05%. 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 8.97% return vs 1.86%. 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 1.48%, compared with 0.00% for SOYB.
SOYB is categorized as Agricultural Commodities, while DAX is Europe Equities. SOYB tracks Teucrium Soybean Fund Benchmark, while DAX tracks DAX Index. They also come from different issuers: Teucrium and Global X. Their fees differ too: 1.88% for SOYB and 0.20% for DAX.
SOYB currently has the higher Sharpe Ratio (1.11 vs 0.22), 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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