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 7.39% vs -14.28% for CANE. At a correlation of -0.12, they often move in opposite directions. 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 1.91% return, which is significantly higher than CANE's -0.77% return.
TAFM
- 1D
- 0.00%
- 1M
- 0.81%
- YTD
- 1.91%
- 6M
- 2.26%
- 1Y
- 7.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CANE
- 1D
- -1.02%
- 1M
- -5.56%
- YTD
- -0.77%
- 6M
- 0.83%
- 1Y
- -14.28%
- 3Y*
- -10.43%
- 5Y*
- 2.90%
- 10Y*
- -2.23%
TAFM vs. CANE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TAFM AB Tax-Aware Intermediate Municipal ETF | 1.91% | 4.21% | 2.54% | 1.51% |
CANE Teucrium Sugar Fund | -0.77% | -14.65% | -7.79% | -1.86% |
Correlation
The correlation between TAFM and CANE is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023 | -0.12 |
The correlation between TAFM and CANE shifts across timeframes, from -0.30 (1 year) to -0.12 (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.
| TAFM | CANE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.29 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.90 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | -0.72 | +3.48 |
| Martin ratioReturn relative to average drawdown | 9.84 | -1.18 | +11.02 |
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
| TAFM | CANE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | -0.69 | +3.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | -0.26 | +1.11 |
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% | -19.89% | +17.20% |
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 | -0.36% | -63.21% | +62.85% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -56.50% | +55.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 12.35% | -11.60% |
Volatility
TAFM vs. CANE - Volatility Comparison
The current volatility for AB Tax-Aware Intermediate Municipal ETF (TAFM) is 1.00%, while Teucrium Sugar Fund (CANE) has a volatility of 6.85%. 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 | 1.00% | 6.85% | -5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 15.81% | -13.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 20.69% | -17.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 21.07% | -16.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 21.72% | -16.77% |
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 3.64%, 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 | 3.64% | 3.51% | 3.35% | 0.18% |
Frequently Asked Questions
TAFM and CANE have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANE has higher volatility (6.85%) compared to TAFM (1.00%). In terms of maximum drawdown, TAFM dropped -4.74% vs CANE's -81.30%.
On 1-year performance, TAFM leads with 7.39% vs -14.28% for CANE. On fees, TAFM is cheaper at 0.28% per year. On volatility, TAFM has been the lower-risk option at 1.00%. 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 7.39% return vs -14.28%. 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 3.64%, 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 (2.31 vs -0.69), 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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