SOYB vs. GSG
SOYB (Teucrium Soybean Fund) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, SOYB returned 2.13%/yr vs 6.90%/yr for GSG. At a 0.31 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.75%/yr for GSG.
Performance
SOYB vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SOYB achieves a 15.14% return, which is significantly lower than GSG's 27.75% return. Over the past 10 years, SOYB has underperformed GSG with an annualized return of 2.13%, while GSG has yielded a comparatively higher 6.90% annualized return.
SOYB
- 1D
- 0.28%
- 1M
- 4.35%
- 6M
- 13.74%
- YTD
- 15.14%
- 1Y
- 17.29%
- 3Y*
- -3.42%
- 5Y*
- 2.09%
- 10Y*
- 2.13%
GSG
- 1D
- -0.27%
- 1M
- -4.84%
- 6M
- 24.99%
- YTD
- 27.75%
- 1Y
- 29.89%
- 3Y*
- 13.48%
- 5Y*
- 12.99%
- 10Y*
- 6.90%
SOYB vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOYB Teucrium Soybean Fund | 15.14% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 27.75% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between SOYB and GSG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.31 |
The correlation between SOYB and GSG shifts across timeframes, from 0.21 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SOYB vs. GSG — Risk / Return Rank
SOYB
GSG
SOYB vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SOYB | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.69 | +0.23 |
| Martin ratioReturn relative to average drawdown | 5.02 | 5.80 | -0.79 |
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Drawdowns
SOYB vs. GSG - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SOYB and GSG.
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Drawdown Indicators
| SOYB | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -89.62% | +35.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -18.81% | +10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -18.81% | -12.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -29.12% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.93% | -57.64% | +23.71% |
Current DrawdownCurrent decline from peak | -14.12% | -61.43% | +47.31% |
Average DrawdownAverage peak-to-trough decline | -25.69% | -63.69% | +38.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 5.45% | -2.09% |
Volatility
SOYB vs. GSG - Volatility Comparison
The current volatility for Teucrium Soybean Fund (SOYB) is 4.42%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 6.34%. This indicates that SOYB experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOYB | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 6.34% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 21.28% | -11.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 23.22% | -10.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 22.74% | -5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 21.98% | -5.18% |
SOYB vs. GSG - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
SOYB vs. GSG - Dividend Comparison
Neither SOYB nor GSG has paid dividends to shareholders.
Frequently Asked Questions
SOYB and GSG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (6.34%) compared to SOYB (4.42%). In terms of maximum drawdown, SOYB dropped -53.76% vs GSG's -89.62%.
On 10-year performance, GSG leads with 6.90% vs 2.13% for SOYB. On fees, GSG is cheaper at 0.75% per year. On volatility, SOYB has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GSG has performed better with a 6.90% return vs 2.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 1.88% for SOYB.
SOYB and GSG have nearly identical dividend yields, around 0.00%.
SOYB is categorized as Agricultural Commodities, while GSG is Commodities. SOYB tracks Teucrium Soybean Fund Benchmark, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 1.88% for SOYB and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.37 vs 1.31), 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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