SOYB vs. SLV
SOYB (Teucrium Soybean Fund) and SLV (iShares Silver Trust) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, SOYB returned 1.72%/yr vs 11.99%/yr for SLV. At a 0.17 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.50%/yr for SLV.
Performance
SOYB vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, SOYB achieves a 12.35% return, which is significantly higher than SLV's -18.72% return. Over the past 10 years, SOYB has underperformed SLV with an annualized return of 1.72%, while SLV has yielded a comparatively higher 11.99% annualized return.
SOYB
- 1D
- 1.97%
- 1M
- -1.41%
- YTD
- 12.35%
- 6M
- 9.74%
- 1Y
- 13.84%
- 3Y*
- -3.62%
- 5Y*
- 2.33%
- 10Y*
- 1.72%
SLV
- 1D
- 1.12%
- 1M
- -24.90%
- YTD
- -18.72%
- 6M
- -19.72%
- 1Y
- 58.62%
- 3Y*
- 35.82%
- 5Y*
- 16.71%
- 10Y*
- 11.99%
SOYB vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOYB Teucrium Soybean Fund | 12.35% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
SLV iShares Silver Trust | -18.72% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between SOYB and SLV is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.17 |
The correlation between SOYB and SLV shifts across timeframes, from 0.04 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOYB vs. SLV — Risk / Return Rank
SOYB
SLV
SOYB vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.16 | +0.43 |
| Martin ratioReturn relative to average drawdown | 4.04 | 2.63 | +1.41 |
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Drawdowns
SOYB vs. SLV - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SOYB and SLV.
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Drawdown Indicators
| SOYB | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -76.28% | +22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -50.97% | +42.19% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -50.97% | +19.96% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -50.97% | +19.96% |
Max Drawdown (10Y)Largest decline over 10 years | -37.49% | -50.97% | +13.48% |
Current DrawdownCurrent decline from peak | -16.21% | -50.42% | +34.21% |
Average DrawdownAverage peak-to-trough decline | -25.72% | -44.66% | +18.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 22.37% | -18.94% |
Volatility
SOYB vs. SLV - Volatility Comparison
The current volatility for Teucrium Soybean Fund (SOYB) is 3.75%, while iShares Silver Trust (SLV) has a volatility of 15.50%. This indicates that SOYB experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOYB | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 15.50% | -11.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 59.60% | -50.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 60.77% | -47.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 36.74% | -19.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 32.16% | -15.23% |
SOYB vs. SLV - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
SOYB vs. SLV - Dividend Comparison
Neither SOYB nor SLV has paid dividends to shareholders.
Frequently Asked Questions
SOYB and SLV have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (15.50%) compared to SOYB (3.75%). In terms of maximum drawdown, SOYB dropped -53.76% vs SLV's -76.28%.
On 10-year performance, SLV leads with 11.99% vs 1.72% for SOYB. On fees, SLV is cheaper at 0.50% per year. On volatility, SOYB has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLV has performed better with a 11.99% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLV is cheaper with a 0.50% expense ratio, compared with 1.88% for SOYB.
SOYB and SLV have nearly identical dividend yields, around 0.00%.
SOYB is categorized as Agricultural Commodities, while SLV is Silver. SOYB tracks Teucrium Soybean Fund Benchmark, while SLV tracks LBMA Silver Price. They also come from different issuers: Teucrium and iShares. Their fees differ too: 1.88% for SOYB and 0.50% for SLV.
SOYB currently has the higher Sharpe Ratio (1.08 vs 0.97), 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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