SOYB vs. SPY

Last updated Apr 2, 2026

Compare and contrast key facts about Teucrium Soybean Fund (SOYB) and State Street 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.

Performance

SOYB vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Soybean Fund (SOYB) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

SOYB vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOYB Teucrium Soybean Fund	11.34%	1.77%	-20.48%	-5.23%	25.27%	16.85%	22.99%	-2.16%	-9.51%	-6.38%
SPY State Street SPDR S&P 500 ETF	-3.65%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Returns By Period

In the year-to-date period, SOYB achieves a 11.34% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, SOYB has underperformed SPY with an annualized return of 2.94%, while SPY has yielded a comparatively higher 14.06% annualized return.

SOYB

• 1D: -0.25%
• 1M: 2.74%
• YTD: 11.34%
• 6M: 12.01%
• 1Y: 11.91%
• 3Y*: -3.56%
• 5Y*: 2.75%
• 10Y*: 2.94%

SPY

• 1D: 0.75%
• 1M: -4.28%
• YTD: -3.65%
• 6M: -1.42%
• 1Y: 18.14%
• 3Y*: 18.48%
• 5Y*: 11.86%
• 10Y*: 14.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOYB vs. SPY - Expense Ratio Comparison

SOYB has a 1.88% expense ratio, which is higher than SPY's 0.09% expense ratio.

SOYB

Teucrium Soybean Fund

SPY

State Street SPDR S&P 500 ETF

Return for Risk

SOYB vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOYB

SOYB Risk / Return Rank: 45
SOYB Sharpe Ratio Rank: 44
SOYB Sortino Ratio Rank: 45
SOYB Omega Ratio Rank: 38
SOYB Calmar Ratio Rank: 59
SOYB Martin Ratio Rank: 39

SPY

SPY Risk / Return Rank: 59
SPY Sharpe Ratio Rank: 51
SPY Sortino Ratio Rank: 56
SPY Omega Ratio Rank: 60
SPY Calmar Ratio Rank: 58
SPY Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOYB vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) and State Street 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.

	SOYB	SPY	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.96	-0.09
Sortino ratio Return per unit of downside risk	1.30	1.49	-0.19
Omega ratio Gain probability vs. loss probability	1.16	1.23	-0.07
Calmar ratio Return relative to maximum drawdown	1.60	1.53	+0.07
Martin ratio Return relative to average drawdown	3.88	7.27	-3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOYB vs. SPY - Sharpe Ratio Comparison

The current SOYB Sharpe Ratio is 0.87, which is comparable to the SPY Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of SOYB and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOYB	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.96	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.70	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.79	-0.61
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.56	-0.57

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.

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 1.13%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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 State Street SPDR S&P 500 ETF	1.13%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

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.

Drawdown Indicators

	SOYB	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-53.76%	-55.19%	+1.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-12.05%	+3.27%
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	-24.50%	-6.51%
Max Drawdown (10Y) Largest decline over 10 years	-38.28%	-33.72%	-4.56%
Current Drawdown Current decline from peak	-16.96%	-5.53%	-11.43%
Average Drawdown Average peak-to-trough decline	-25.88%	-9.09%	-16.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.54%	+1.09%

Volatility

SOYB vs. SPY - Volatility Comparison

Teucrium Soybean Fund (SOYB) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 5.41% and 5.35%, 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.

Volatility by Period

	SOYB	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	5.35%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	9.50%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	19.06%	-5.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	17.06%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	17.92%	-0.83%