SOYB vs. GLD
SOYB (Teucrium Soybean Fund) and GLD (SPDR Gold Shares) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, SOYB returned 1.86%/yr vs 13.12%/yr for GLD. At a 0.12 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.40%/yr for GLD.
Performance
SOYB vs. GLD - 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 GLD's 2.92% return. Over the past 10 years, SOYB has underperformed GLD with an annualized return of 1.86%, while GLD has yielded a comparatively higher 13.12% 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%
GLD
- 1D
- -0.99%
- 1M
- -1.65%
- YTD
- 2.92%
- 6M
- 5.43%
- 1Y
- 32.04%
- 3Y*
- 31.09%
- 5Y*
- 18.15%
- 10Y*
- 13.12%
SOYB vs. GLD - 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% |
GLD SPDR Gold Shares | 2.92% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between SOYB and GLD is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.12 |
The correlation between SOYB and GLD shifts across timeframes, from -0.02 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOYB vs. GLD — Risk / Return Rank
SOYB
GLD
SOYB vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.68 | -0.02 |
| Martin ratioReturn relative to average drawdown | 4.06 | 4.15 | -0.09 |
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 | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.21 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.01 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.83 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.60 | -0.60 |
Drawdowns
SOYB vs. GLD - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SOYB and GLD.
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Drawdown Indicators
| SOYB | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -45.56% | -8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -19.21% | +10.43% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -19.21% | -11.80% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -21.03% | -9.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | -22.00% | -16.28% |
Current DrawdownCurrent decline from peak | -15.80% | -17.75% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -16.16% | -9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 7.73% | -4.16% |
Volatility
SOYB vs. GLD - Volatility Comparison
The current volatility for Teucrium Soybean Fund (SOYB) is 4.05%, while SPDR Gold Shares (GLD) has a volatility of 5.51%. This indicates that SOYB experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOYB | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 5.51% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 23.16% | -14.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 26.61% | -13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 18.00% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 15.95% | +1.03% |
SOYB vs. GLD - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
SOYB vs. GLD - Dividend Comparison
Neither SOYB nor GLD has paid dividends to shareholders.
Frequently Asked Questions
SOYB and GLD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (5.51%) compared to SOYB (4.05%). In terms of maximum drawdown, SOYB dropped -53.76% vs GLD's -45.56%.
On 10-year performance, GLD leads with 13.12% vs 1.86% for SOYB. On fees, GLD is cheaper at 0.40% 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, GLD has performed better with a 13.12% return vs 1.86%. 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.
SOYB and GLD have nearly identical dividend yields, around 0.00%.
SOYB is categorized as Agricultural Commodities, while GLD is Gold. SOYB tracks Teucrium Soybean Fund Benchmark, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Teucrium and State Street. Their fees differ too: 1.88% for SOYB and 0.40% for GLD.
GLD currently has the higher Sharpe Ratio (1.21 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.
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