SOYB vs. SDEU.L
SOYB (Teucrium Soybean Fund) and SDEU.L (iShares Germany Government Bond UCITS ETF (Dist)) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while SDEU.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, SOYB returned 1.50%/yr vs -1.02%/yr for SDEU.L. At a 0.07 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.20%/yr for SDEU.L.
Performance
SOYB vs. SDEU.L - Performance Comparison
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Different Trading Currencies
SOYB is traded in USD, while SDEU.L is traded in GBP. To make them comparable, the SDEU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SOYB achieves a 10.66% return, which is significantly higher than SDEU.L's -1.35% return. Over the past 10 years, SOYB has outperformed SDEU.L with an annualized return of 1.50%, while SDEU.L has yielded a comparatively lower -1.02% 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%
SDEU.L
- 1D
- 0.29%
- 1M
- -0.12%
- YTD
- -1.35%
- 6M
- -0.47%
- 1Y
- 0.65%
- 3Y*
- 3.73%
- 5Y*
- -3.83%
- 10Y*
- -1.02%
SOYB vs. SDEU.L - 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% |
SDEU.L iShares Germany Government Bond UCITS ETF (Dist) | -1.35% | 11.73% | -5.40% | 8.32% | -22.46% | -9.88% | 11.78% | 1.74% | -2.72% | 11.56% |
Correlation
The correlation between SOYB and SDEU.L is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | 0.07 |
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Return for Risk
SOYB vs. SDEU.L — Risk / Return Rank
SOYB
SDEU.L
SOYB vs. SDEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L). 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 | SDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.02 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.11 | +1.23 |
| Martin ratioReturn relative to average drawdown | 3.28 | 0.27 | +3.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOYB | SDEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.08 | +0.81 |
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 | 0.09 | -0.11 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.08 | +0.08 |
Drawdowns
SOYB vs. SDEU.L - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, which is greater than SDEU.L's maximum drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for SOYB and SDEU.L.
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Drawdown Indicators
| SOYB | SDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -37.02% | -16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -5.67% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -10.13% | -20.88% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -34.27% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | -37.02% | -1.26% |
Current DrawdownCurrent decline from peak | -17.47% | -21.61% | +4.14% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -12.87% | -12.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.44% | +1.14% |
Volatility
SOYB vs. SDEU.L - Volatility Comparison
Teucrium Soybean Fund (SOYB) has a higher volatility of 4.44% compared to iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) at 2.37%. This indicates that SOYB's price experiences larger fluctuations and is considered to be riskier than SDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOYB | SDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 2.37% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 5.91% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 8.02% | +5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 10.11% | +7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 9.32% | +7.67% |
SOYB vs. SDEU.L - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than SDEU.L's 0.20% expense ratio.
Dividends
SOYB vs. SDEU.L - Dividend Comparison
SOYB has not paid dividends to shareholders, while SDEU.L's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDEU.L iShares Germany Government Bond UCITS ETF (Dist) | 2.53% | 2.50% | 2.57% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.34% |
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 SDEU.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDEU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDEU.L is cheaper with a 0.20% expense ratio, compared with 1.88% for SOYB.
SOYB is categorized as Agricultural Commodities, while SDEU.L is European Government Bonds. SOYB tracks Teucrium Soybean Fund Benchmark, while SDEU.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Teucrium and iShares. Their fees differ too: 1.88% for SOYB and 0.20% for SDEU.L.
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