TAGS vs. GLD
TAGS (Teucrium Agricultural Fund) and GLD (SPDR Gold Shares) are both exchange-traded funds - TAGS is a Agricultural Commodities fund tracking the Teucrium TAGS Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, TAGS returned -1.88%/yr vs 11.59%/yr for GLD. At a 0.06 correlation, their price movements are largely independent. TAGS charges 0.21%/yr vs 0.40%/yr for GLD.
Performance
TAGS vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, TAGS achieves a 3.23% return, which is significantly higher than GLD's -4.79% return. Over the past 10 years, TAGS has underperformed GLD with an annualized return of -1.88%, while GLD has yielded a comparatively higher 11.59% annualized return.
TAGS
- 1D
- -0.50%
- 1M
- -6.52%
- YTD
- 3.23%
- 6M
- 2.30%
- 1Y
- -4.35%
- 3Y*
- -10.24%
- 5Y*
- -0.80%
- 10Y*
- -1.88%
GLD
- 1D
- -1.89%
- 1M
- -8.82%
- YTD
- -4.79%
- 6M
- -8.78%
- 1Y
- 21.29%
- 3Y*
- 28.41%
- 5Y*
- 17.84%
- 10Y*
- 11.59%
TAGS vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAGS Teucrium Agricultural Fund | 3.23% | -8.76% | -14.57% | -6.11% | 16.25% | 27.05% | 8.19% | -4.53% | -7.10% | -13.94% |
GLD SPDR Gold Shares | -4.79% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between TAGS and GLD is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2012 | 0.06 |
The correlation between TAGS and GLD shifts across timeframes, from -0.04 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TAGS vs. GLD — Risk / Return Rank
TAGS
GLD
TAGS vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.17 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.87 | -1.34 |
| Martin ratioReturn relative to average drawdown | -0.86 | 2.35 | -3.21 |
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Drawdowns
TAGS vs. GLD - Drawdown Comparison
The maximum TAGS drawdown since its inception was -76.40%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for TAGS and GLD.
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Drawdown Indicators
| TAGS | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.40% | -45.56% | -30.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -24.46% | +15.16% |
Max Drawdown (3Y)Largest decline over 3 years | -32.73% | -24.46% | -8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -24.46% | -13.14% |
Max Drawdown (10Y)Largest decline over 10 years | -44.72% | -24.46% | -20.26% |
Current DrawdownCurrent decline from peak | -64.67% | -23.91% | -40.76% |
Average DrawdownAverage peak-to-trough decline | -57.24% | -16.17% | -41.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 9.10% | -3.86% |
Volatility
TAGS vs. GLD - Volatility Comparison
The current volatility for Teucrium Agricultural Fund (TAGS) is 3.29%, while SPDR Gold Shares (GLD) has a volatility of 8.18%. This indicates that TAGS experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAGS | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 8.18% | -4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 24.38% | -14.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 27.57% | -14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 18.24% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 16.04% | +1.96% |
TAGS vs. GLD - Expense Ratio Comparison
TAGS has a 0.21% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
TAGS vs. GLD - Dividend Comparison
Neither TAGS nor GLD has paid dividends to shareholders.
Frequently Asked Questions
TAGS and GLD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (8.18%) compared to TAGS (3.29%). In terms of maximum drawdown, TAGS dropped -76.40% vs GLD's -45.56%.
On 10-year performance, GLD leads with 11.59% vs -1.88% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, TAGS has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 11.59% return vs -1.88%. 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 0.40% for GLD.
TAGS and GLD have nearly identical dividend yields, around 0.00%.
TAGS is categorized as Agricultural Commodities, while GLD is Gold. TAGS tracks Teucrium TAGS Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Teucrium and State Street. Their fees differ too: 0.21% for TAGS and 0.40% for GLD.
GLD currently has the higher Sharpe Ratio (0.78 vs -0.35), 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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