TAGS vs. CANE
TAGS (Teucrium Agricultural Fund) and CANE (Teucrium Sugar Fund) are both Agricultural Commodities funds from Teucrium - TAGS tracks the Teucrium TAGS Index while CANE tracks the Teucrium Sugar Fund Benchmark. Both are passively managed. Over the past 10 years, TAGS returned -1.24%/yr vs -2.67%/yr for CANE. At a 0.31 correlation, their price movements are largely independent. TAGS charges 0.21%/yr vs 1.88%/yr for CANE.
Performance
TAGS vs. CANE - Performance Comparison
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Returns By Period
In the year-to-date period, TAGS achieves a 8.47% return, which is significantly higher than CANE's -0.05% return. Over the past 10 years, TAGS has outperformed CANE with an annualized return of -1.24%, while CANE has yielded a comparatively lower -2.67% annualized return.
TAGS
- 1D
- 0.14%
- 1M
- 5.26%
- 6M
- 9.21%
- YTD
- 8.47%
- 1Y
- 3.48%
- 3Y*
- -7.48%
- 5Y*
- -0.39%
- 10Y*
- -1.24%
CANE
- 1D
- -0.61%
- 1M
- 3.83%
- 6M
- 0.88%
- YTD
- -0.05%
- 1Y
- -11.65%
- 3Y*
- -10.01%
- 5Y*
- 3.51%
- 10Y*
- -2.67%
TAGS vs. CANE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAGS Teucrium Agricultural Fund | 8.47% | -8.76% | -14.57% | -6.11% | 16.25% | 27.05% | 8.19% | -4.53% | -7.10% | -13.94% |
CANE Teucrium Sugar Fund | -0.05% | -14.65% | -7.79% | 30.06% | 3.59% | 36.30% | -3.85% | -0.97% | -27.52% | -24.76% |
Correlation
The correlation between TAGS and CANE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2012 | 0.31 |
Over the past year, TAGS and CANE have become more correlated (0.52) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
TAGS vs. CANE — Risk / Return Rank
TAGS
CANE
TAGS vs. CANE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) 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.
| TAGS | CANE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.92 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.59 | +0.95 |
| Martin ratioReturn relative to average drawdown | 0.74 | -0.90 | +1.64 |
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Drawdowns
TAGS vs. CANE - Drawdown Comparison
The maximum TAGS drawdown since its inception was -76.40%, smaller than the maximum CANE drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for TAGS and CANE.
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Drawdown Indicators
| TAGS | CANE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.40% | -81.30% | +4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -19.82% | +10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -32.73% | -41.73% | +9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -41.73% | +4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -43.84% | -67.29% | +23.45% |
Current DrawdownCurrent decline from peak | -62.88% | -62.94% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -57.26% | -56.54% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 12.93% | -8.21% |
Volatility
TAGS vs. CANE - Volatility Comparison
The current volatility for Teucrium Agricultural Fund (TAGS) is 4.36%, while Teucrium Sugar Fund (CANE) has a volatility of 5.39%. This indicates that TAGS 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
| TAGS | CANE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 5.39% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 15.98% | -5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 20.02% | -7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 21.00% | -4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 21.59% | -3.59% |
TAGS vs. CANE - Expense Ratio Comparison
TAGS has a 0.21% expense ratio, which is lower than CANE's 1.88% expense ratio.
Dividends
TAGS vs. CANE - Dividend Comparison
Neither TAGS nor CANE has paid dividends to shareholders.
Frequently Asked Questions
TAGS and CANE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANE has higher volatility (5.39%) compared to TAGS (4.36%). In terms of maximum drawdown, TAGS dropped -76.40% vs CANE's -81.30%.
On 10-year performance, TAGS leads with -1.24% vs -2.67% for CANE. On fees, TAGS is cheaper at 0.21% per year. On volatility, TAGS has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TAGS has performed better with a -1.24% return vs -2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAGS is cheaper with a 0.21% expense ratio, compared with 1.88% for CANE.
TAGS and CANE have nearly identical dividend yields, around 0.00%.
TAGS tracks Teucrium TAGS Index, while CANE tracks Teucrium Sugar Fund Benchmark. Their fees differ too: 0.21% for TAGS and 1.88% for CANE.
TAGS currently has the higher Sharpe Ratio (0.27 vs -0.59), 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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