TAGS vs. EMBD
TAGS (Teucrium Agricultural Fund) and EMBD (Global X Emerging Markets Bond ETF) are both exchange-traded funds - TAGS is a Agricultural Commodities fund tracking the Teucrium TAGS Index, while EMBD is a Emerging Markets Bonds fund actively managed by Global X. TAGS is passively managed, while EMBD is actively managed. Over the past 5 years, TAGS returned -0.79%/yr vs 3.00%/yr for EMBD. At a 0.01 correlation, their price movements are largely independent. TAGS charges 0.21%/yr vs 0.39%/yr for EMBD.
Performance
TAGS vs. EMBD - Performance Comparison
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Returns By Period
In the year-to-date period, TAGS achieves a 3.75% return, which is significantly higher than EMBD's 1.83% return.
TAGS
- 1D
- -0.25%
- 1M
- -6.05%
- YTD
- 3.75%
- 6M
- 3.20%
- 1Y
- -4.97%
- 3Y*
- -10.09%
- 5Y*
- -0.79%
- 10Y*
- -1.83%
EMBD
- 1D
- -0.50%
- 1M
- 1.02%
- YTD
- 1.83%
- 6M
- 2.18%
- 1Y
- 9.66%
- 3Y*
- 9.20%
- 5Y*
- 3.00%
- 10Y*
- —
TAGS vs. EMBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TAGS Teucrium Agricultural Fund | 3.75% | -8.76% | -14.57% | -6.11% | 16.25% | 27.05% | 27.63% |
EMBD Global X Emerging Markets Bond ETF | 1.83% | 12.55% | 6.76% | 10.60% | -13.84% | -1.84% | 11.42% |
Correlation
The correlation between TAGS and EMBD is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.01 |
The correlation between TAGS and EMBD shifts across timeframes, from -0.10 (1 year) to 0.02 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TAGS vs. EMBD — Risk / Return Rank
TAGS
EMBD
TAGS vs. EMBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) and Global X Emerging Markets Bond ETF (EMBD). 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 | EMBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.29 | -2.83 |
| Martin ratioReturn relative to average drawdown | -0.96 | 8.88 | -9.84 |
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Drawdowns
TAGS vs. EMBD - Drawdown Comparison
The maximum TAGS drawdown since its inception was -76.40%, which is greater than EMBD's maximum drawdown of -24.27%. Use the drawdown chart below to compare losses from any high point for TAGS and EMBD.
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Drawdown Indicators
| TAGS | EMBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.40% | -24.27% | -52.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -4.23% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -32.73% | -7.03% | -25.70% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -24.27% | -13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -44.72% | — | — |
Current DrawdownCurrent decline from peak | -64.50% | -0.56% | -63.94% |
Average DrawdownAverage peak-to-trough decline | -57.23% | -5.83% | -51.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 1.09% | +4.90% |
Volatility
TAGS vs. EMBD - Volatility Comparison
Teucrium Agricultural Fund (TAGS) has a higher volatility of 3.30% compared to Global X Emerging Markets Bond ETF (EMBD) at 1.57%. This indicates that TAGS's price experiences larger fluctuations and is considered to be riskier than EMBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAGS | EMBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 1.57% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 4.19% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 6.06% | +6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 9.18% | +7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 8.87% | +9.13% |
TAGS vs. EMBD - Expense Ratio Comparison
TAGS has a 0.21% expense ratio, which is lower than EMBD's 0.39% expense ratio.
Dividends
TAGS vs. EMBD - Dividend Comparison
TAGS has not paid dividends to shareholders, while EMBD's dividend yield for the trailing twelve months is around 5.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMBD Global X Emerging Markets Bond ETF | 5.66% | 5.48% | 5.83% | 5.29% | 4.53% | 4.99% | 3.34% |
TAGS Teucrium Agricultural Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TAGS and EMBD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAGS has higher volatility (3.30%) compared to EMBD (1.57%). In terms of maximum drawdown, TAGS dropped -76.40% vs EMBD's -24.27%.
On 5-year performance, EMBD leads with 3.00% vs -0.79% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, EMBD has been the lower-risk option at 1.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMBD has performed better with a 3.00% return vs -0.79%. 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 0.39% for EMBD.
EMBD has the higher dividend yield at 5.66%, compared with 0.00% for TAGS.
TAGS is categorized as Agricultural Commodities, while EMBD is Emerging Markets Bonds. They also come from different issuers: Teucrium and Global X. Their fees differ too: 0.21% for TAGS and 0.39% for EMBD.
EMBD currently has the higher Sharpe Ratio (1.60 vs -0.39), 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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