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 -10.24%/yr vs 11.84%/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 3.23% return, which is significantly lower than PDBA's 4.26% 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%
PDBA
- 1D
- -0.23%
- 1M
- -3.59%
- YTD
- 4.26%
- 6M
- 4.14%
- 1Y
- 3.91%
- 3Y*
- 11.84%
- 5Y*
- —
- 10Y*
- —
TAGS vs. PDBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TAGS Teucrium Agricultural Fund | 3.23% | -8.76% | -14.57% | -6.11% | 2.25% |
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 4.26% | -0.76% | 34.16% | 7.83% | -3.34% |
Correlation
The correlation between TAGS and PDBA is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.55 |
The correlation between TAGS and PDBA shifts across timeframes, from 0.50 (3 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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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.
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 | PDBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.07 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.46 | -0.93 |
| Martin ratioReturn relative to average drawdown | -0.86 | 0.98 | -1.84 |
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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 | -9.30% | -8.59% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -32.73% | -12.45% | -20.28% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.72% | — | — |
Current DrawdownCurrent decline from peak | -64.67% | -7.47% | -57.20% |
Average DrawdownAverage peak-to-trough decline | -57.24% | -3.98% | -53.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 4.02% | +1.22% |
Volatility
TAGS vs. PDBA - Volatility Comparison
Teucrium Agricultural Fund (TAGS) has a higher volatility of 3.29% compared to Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) at 2.67%. 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 | 3.29% | 2.67% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 6.70% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 10.58% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 13.27% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 13.27% | +4.73% |
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 3.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 3.19% | 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 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAGS has higher volatility (3.29%) compared to PDBA (2.67%). In terms of maximum drawdown, TAGS dropped -76.40% vs PDBA's -12.45%.
On 3-year performance, PDBA leads with 11.84% vs -10.24% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, PDBA has been the lower-risk option at 2.67%. 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 11.84% return vs -10.24%. 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 3.19%, 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 (0.37 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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