TAGS vs. PDBA
TAGS (Teucrium Agricultural Fund) and PDBA (Invesco Agriculture Commodity Strategy No K-1 ETF) are both Agricultural Commodities funds. TAGS is passively managed, while PDBA is actively managed. Over the past 3 years, TAGS returned -7.08%/yr vs 13.50%/yr for PDBA. A 0.55 correlation means they provide meaningful diversification when combined. TAGS charges 0.21%/yr vs 0.59%/yr for PDBA.
Performance
TAGS vs. PDBA - Performance Comparison
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Returns By Period
In the year-to-date period, TAGS achieves a 6.11% return, which is significantly higher than PDBA's 5.38% return.
TAGS
- 1D
- -1.20%
- 1M
- -5.48%
- YTD
- 6.11%
- 6M
- 4.04%
- 1Y
- -0.95%
- 3Y*
- -7.08%
- 5Y*
- -1.51%
- 10Y*
- -1.74%
PDBA
- 1D
- -0.89%
- 1M
- -4.99%
- YTD
- 5.38%
- 6M
- 5.65%
- 1Y
- 3.79%
- 3Y*
- 13.50%
- 5Y*
- —
- 10Y*
- —
TAGS vs. PDBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TAGS Teucrium Agricultural Fund | 6.11% | -8.76% | -14.57% | -6.11% | 2.21% |
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 5.38% | -0.76% | 34.16% | 7.83% | -1.60% |
Correlation
The correlation between TAGS and PDBA is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2022 | 0.55 |
The correlation between TAGS and PDBA has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
TAGS vs. PDBA — Risk / Return Rank
TAGS
PDBA
TAGS vs. PDBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) and Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA). 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.
| TAGS | PDBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.47 | -0.57 |
| Martin ratioReturn relative to average drawdown | -0.16 | 0.92 | -1.08 |
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
| TAGS | PDBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.35 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | 0.84 | -1.07 |
Drawdowns
TAGS vs. PDBA - Drawdown Comparison
The maximum TAGS drawdown since its inception was -76.40%, which is greater than PDBA's maximum drawdown of -12.45%. Use the drawdown chart below to compare losses from any high point for TAGS and PDBA.
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Drawdown Indicators
| TAGS | PDBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.40% | -12.45% | -63.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -8.05% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -33.59% | -12.45% | -21.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.30% | — | — |
Current DrawdownCurrent decline from peak | -63.69% | -6.47% | -57.22% |
Average DrawdownAverage peak-to-trough decline | -57.23% | -3.79% | -53.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 4.14% | +1.74% |
Volatility
TAGS vs. PDBA - Volatility Comparison
Teucrium Agricultural Fund (TAGS) has a higher volatility of 5.52% compared to Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) at 4.05%. This indicates that TAGS's price experiences larger fluctuations and is considered to be riskier than PDBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAGS | PDBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 4.05% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 6.51% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 10.77% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 13.29% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 13.29% | +4.75% |
TAGS vs. PDBA - Expense Ratio Comparison
TAGS has a 0.21% expense ratio, which is lower than PDBA's 0.59% expense ratio.
Dividends
TAGS vs. PDBA - Dividend Comparison
TAGS has not paid dividends to shareholders, while PDBA's dividend yield for the trailing twelve months is around 3.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 3.15% | 3.32% | 13.01% | 6.82% | 0.74% |
TAGS Teucrium Agricultural Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TAGS and PDBA have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAGS has higher volatility (5.52%) compared to PDBA (4.05%). In terms of maximum drawdown, TAGS dropped -76.40% vs PDBA's -12.45%.
On 3-year performance, PDBA leads with 13.50% vs -7.08% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, PDBA has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PDBA has performed better with a 13.50% return vs -7.08%. 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 0.59% for PDBA.
PDBA has the higher dividend yield at 3.15%, compared with 0.00% for TAGS.
They also come from different issuers: Teucrium and Invesco. Their fees differ too: 0.21% for TAGS and 0.59% for PDBA.
PDBA currently has the higher Sharpe Ratio (0.35 vs -0.08), 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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