SOYB vs. GC=F

Last updated Jun 5, 2026

SOYB (Teucrium Soybean Fund) is Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while GC=F (Gold Futures) is an asset. Over the past 10 years, SOYB returned 1.50%/yr vs 13.72%/yr for GC=F. At a 0.11 correlation, their price movements are largely independent.

Performance

SOYB vs. GC=F - Performance Comparison

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

Returns By Period

In the year-to-date period, SOYB achieves a 10.66% return, which is significantly higher than GC=F's 4.09% return. Over the past 10 years, SOYB has underperformed GC=F with an annualized return of 1.50%, while GC=F has yielded a comparatively higher 13.72% annualized return.

SOYB

• 1D: -1.99%
• 1M: -3.43%
• YTD: 10.66%
• 6M: 3.82%
• 1Y: 11.73%
• 3Y*: -0.62%
• 5Y*: -0.14%
• 10Y*: 1.50%

GC=F

• 1D: 1.48%
• 1M: -1.17%
• YTD: 4.09%
• 6M: 6.90%
• 1Y: 33.46%
• 3Y*: 31.99%
• 5Y*: 18.96%
• 10Y*: 13.72%

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

SOYB vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOYB Teucrium Soybean Fund	10.66%	1.77%	-20.48%	-5.23%	25.27%	16.85%	22.99%	-2.16%	-9.51%	-6.38%
GC=F Gold Futures	4.09%	64.52%	27.48%	13.34%	-0.43%	-3.47%	24.59%	18.87%	-2.14%	13.59%

Correlation

The correlation between SOYB and GC=F 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	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011	0.11

Return for Risk

SOYB vs. GC=F — Risk / Return Rank

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

SOYB

SOYB Risk / Return Rank: 26
SOYB Sharpe Ratio Rank: 26
SOYB Sortino Ratio Rank: 25
SOYB Omega Ratio Rank: 25
SOYB Calmar Ratio Rank: 28
SOYB Martin Ratio Rank: 25

GC=F

GC=F Risk / Return Rank: 54
GC=F Sharpe Ratio Rank: 53
GC=F Sortino Ratio Rank: 52
GC=F Omega Ratio Rank: 54
GC=F Calmar Ratio Rank: 45
GC=F Martin Ratio Rank: 64

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. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and Gold Futures (GC=F). 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	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.22	-0.33
Sortino ratio: Return per unit of downside risk	1.34	1.61	-0.27
Omega ratio: Gain probability vs. loss probability	1.16	1.25	-0.09
Calmar ratio: Return relative to maximum drawdown	1.34	1.83	-0.49
Martin ratio: Return relative to average drawdown	3.28	4.59	-1.31
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. GC=F - Sharpe Ratio Comparison

The current SOYB Sharpe Ratio is 0.89, which is comparable to the GC=F Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of SOYB and GC=F, 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	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.22	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	1.04	-1.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.83	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.62	-0.63

Drawdowns

SOYB vs. GC=F - Drawdown Comparison

The maximum SOYB drawdown since its inception was -53.76%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for SOYB and GC=F.

Drawdown Indicators

	SOYB	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-53.76%	-44.36%	-9.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-17.73%	+8.95%
Max Drawdown (3Y) Largest decline over 3 years	-31.01%	-17.73%	-13.28%
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	-20.43%	-10.58%
Max Drawdown (10Y) Largest decline over 10 years	-38.28%	-20.87%	-17.41%
Current Drawdown Current decline from peak	-17.47%	-15.34%	-2.13%
Average Drawdown Average peak-to-trough decline	-25.76%	-13.03%	-12.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	7.13%	-3.55%

Volatility

SOYB vs. GC=F - Volatility Comparison

The current volatility for Teucrium Soybean Fund (SOYB) is 4.44%, while Gold Futures (GC=F) has a volatility of 4.73%. This indicates that SOYB experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOYB	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	4.73%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	23.11%	-13.94%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	26.50%	-13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.01%	18.20%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	16.44%	+0.55%

Frequently Asked Questions

Can I hold both SOYB and GC=F in my portfolio?

SOYB and GC=F 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.

Which is riskier, SOYB or GC=F?

GC=F has higher volatility (4.73%) compared to SOYB (4.44%). In terms of maximum drawdown, SOYB dropped -53.76% vs GC=F's -44.36%.

Which has better risk-adjusted returns?

GC=F currently has the higher Sharpe Ratio (1.22 vs 0.89), 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.