TAFM vs. CANE
TAFM (AB Tax-Aware Intermediate Municipal ETF) and CANE (Teucrium Sugar Fund) are both exchange-traded funds - TAFM is a Municipal Bonds fund actively managed by AllianceBernstein, while CANE is a Agricultural Commodities fund tracking the Teucrium Sugar Fund Benchmark. TAFM is actively managed, while CANE is passively managed. Over the past year, TAFM returned 5.28% vs -8.88% for CANE. Their -0.11 correlation means they have often moved in opposite directions in the past. TAFM charges 0.28%/yr vs 1.88%/yr for CANE.
Performance
TAFM vs. CANE - Performance Comparison
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Returns By Period
In the year-to-date period, TAFM achieves a 1.00% return, which is significantly lower than CANE's 1.59% return.
TAFM
- 1D
- 0.16%
- 1M
- -1.45%
- 6M
- 0.06%
- YTD
- 1.00%
- 1Y
- 5.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.51%
CANE
- 1D
- 0.71%
- 1M
- 1.43%
- 6M
- 4.98%
- YTD
- 1.59%
- 1Y
- -8.88%
- 3Y*
- -8.95%
- 5Y*
- 2.08%
- 10Y*
- -2.97%
- ALL TIME*
- -6.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.70M | $2.96M | |
| $4.14M | $4.32M | $5.15M |
TAFM vs. CANE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TAFM AB Tax-Aware Intermediate Municipal ETF | 1.00% | 4.21% | 2.54% | 1.51% |
CANE Teucrium Sugar Fund | 1.59% | -14.65% | -7.79% | -4.14% |
Correlation
The correlation between TAFM and CANE is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | -0.11 |
The correlation between TAFM and CANE shifts across timeframes, from -0.26 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAFM vs. CANE — Risk / Return Rank
TAFM
CANE
TAFM vs. CANE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Aware Intermediate Municipal ETF (TAFM) and Teucrium Sugar Fund (CANE). 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.
| TAFM | CANE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.94 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | -0.45 | +2.42 |
| Martin ratioReturn relative to average drawdown | 6.60 | -0.67 | +7.26 |
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Drawdowns
TAFM vs. CANE - Drawdown Comparison
The maximum TAFM drawdown since its inception was -4.74%, smaller than the maximum CANE drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for TAFM and CANE.
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Drawdown Indicators
| TAFM | CANE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.74% | -81.30% | +76.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -19.82% | +17.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.29% | — |
Current DrawdownCurrent decline from peak | -1.55% | -62.33% | +60.78% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -56.56% | +55.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 13.38% | -12.58% |
Volatility
TAFM vs. CANE - Volatility Comparison
The current volatility for AB Tax-Aware Intermediate Municipal ETF (TAFM) is 0.85%, while Teucrium Sugar Fund (CANE) has a volatility of 5.26%. This indicates that TAFM experiences smaller price fluctuations and is considered to be less risky than CANE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAFM | CANE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 5.26% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 15.98% | -13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 20.34% | -17.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 20.95% | -16.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 21.56% | -16.73% |
TAFM vs. CANE - Expense Ratio Comparison
TAFM has a 0.28% expense ratio, which is lower than CANE's 1.88% expense ratio.
Dividends
TAFM vs. CANE - Dividend Comparison
TAFM's dividend yield for the trailing twelve months is around 3.69%, while CANE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CANE Teucrium Sugar Fund | 0.00% | 0.00% | 0.00% | 0.00% |
TAFM AB Tax-Aware Intermediate Municipal ETF | 3.69% | 3.51% | 3.35% | 0.18% |
Frequently Asked Questions
TAFM and CANE have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANE has higher volatility (5.26%) compared to TAFM (0.85%). In terms of maximum drawdown, TAFM dropped -4.74% vs CANE's -81.30%.
On 1-year performance, TAFM leads with 5.28% vs -8.88% for CANE. On fees, TAFM is cheaper at 0.28% per year. On volatility, TAFM has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TAFM has performed better with a 5.28% return vs -8.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAFM is cheaper with a 0.28% expense ratio, compared with 1.88% for CANE.
TAFM has the higher dividend yield at 3.69%, compared with 0.00% for CANE.
TAFM is categorized as Municipal Bonds, while CANE is Agricultural Commodities. They also come from different issuers: AllianceBernstein and Teucrium. Their fees differ too: 0.28% for TAFM and 1.88% for CANE.
TAFM currently has the higher Sharpe Ratio (1.74 vs -0.44), 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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