SOYB vs. SPY
Compare and contrast key facts about Teucrium Soybean Fund (SOYB) and SPDR S&P 500 ETF (SPY).
SOYB and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOYB is a passively managed fund by Teucrium that tracks the performance of the Teucrium Soybean Fund Benchmark. It was launched on Sep 19, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SOYB and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOYB or SPY.
Key characteristics
| SOYB | SPY | |
|---|---|---|
| YTD Return | -21.18% | 26.01% |
| 1Y Return | -26.20% | 33.73% |
| 3Y Return (Ann) | -0.99% | 9.91% |
| 5Y Return (Ann) | 6.60% | 15.54% |
| 10Y Return (Ann) | 0.03% | 13.25% |
| Sharpe Ratio | -1.70 | 2.82 |
| Sortino Ratio | -2.49 | 3.76 |
| Omega Ratio | 0.74 | 1.53 |
| Calmar Ratio | -0.94 | 4.05 |
| Martin Ratio | -1.53 | 18.33 |
| Ulcer Index | 17.20% | 1.86% |
| Daily Std Dev | 15.47% | 12.07% |
| Max Drawdown | -53.76% | -55.19% |
| Current Drawdown | -27.36% | -0.90% |
Correlation
The correlation between SOYB and SPY is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SOYB vs. SPY - Performance Comparison
In the year-to-date period, SOYB achieves a -21.18% return, which is significantly lower than SPY's 26.01% return. Over the past 10 years, SOYB has underperformed SPY with an annualized return of 0.03%, while SPY has yielded a comparatively higher 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SOYB vs. SPY - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SOYB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SOYB vs. SPY - Dividend Comparison
SOYB has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SOYB vs. SPY - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SOYB and SPY. For additional features, visit the drawdowns tool.
Volatility
SOYB vs. SPY - Volatility Comparison
Teucrium Soybean Fund (SOYB) and SPDR S&P 500 ETF (SPY) have volatilities of 3.96% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.