TAGS vs. TAXX
TAGS (Teucrium Agricultural Fund) and TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) are both exchange-traded funds - TAGS is a Agricultural Commodities fund tracking the Teucrium TAGS Index, while TAXX is a Municipal Bonds fund actively managed by BondBloxx. TAGS is passively managed, while TAXX is actively managed. Over the past year, TAGS returned -4.97% vs 3.65% for TAXX. At a correlation of -0.07, they often move in opposite directions. TAGS charges 0.21%/yr vs 0.35%/yr for TAXX.
Performance
TAGS vs. TAXX - 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 TAXX's 1.24% 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%
TAXX
- 1D
- 0.02%
- 1M
- 0.51%
- YTD
- 1.24%
- 6M
- 1.48%
- 1Y
- 3.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TAGS vs. TAXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TAGS Teucrium Agricultural Fund | 3.75% | -8.76% | -9.90% |
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 1.24% | 4.52% | 3.36% |
Correlation
The correlation between TAGS and TAXX is -0.23, 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 | -0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | -0.07 |
The correlation between TAGS and TAXX shifts across timeframes, from -0.23 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAGS vs. TAXX — Risk / Return Rank
TAGS
TAXX
TAGS vs. TAXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). 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 | TAXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.68 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.54 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 4.15 | -4.69 |
| Martin ratioReturn relative to average drawdown | -0.96 | 12.60 | -13.56 |
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Drawdowns
TAGS vs. TAXX - Drawdown Comparison
The maximum TAGS drawdown since its inception was -76.40%, which is greater than TAXX's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for TAGS and TAXX.
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Drawdown Indicators
| TAGS | TAXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.40% | -0.91% | -75.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -0.88% | -8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -32.73% | — | — |
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 | -64.50% | 0.00% | -64.50% |
Average DrawdownAverage peak-to-trough decline | -57.23% | -0.16% | -57.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 0.29% | +5.70% |
Volatility
TAGS vs. TAXX - Volatility Comparison
Teucrium Agricultural Fund (TAGS) has a higher volatility of 3.30% compared to Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) at 0.32%. This indicates that TAGS's price experiences larger fluctuations and is considered to be riskier than TAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAGS | TAXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 0.32% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 0.83% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 1.70% | +11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 1.59% | +14.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 1.59% | +16.41% |
TAGS vs. TAXX - Expense Ratio Comparison
TAGS has a 0.21% expense ratio, which is lower than TAXX's 0.35% expense ratio.
Dividends
TAGS vs. TAXX - Dividend Comparison
TAGS has not paid dividends to shareholders, while TAXX's dividend yield for the trailing twelve months is around 3.49%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TAGS Teucrium Agricultural Fund | 0.00% | 0.00% | 0.00% |
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 3.49% | 3.72% | 2.70% |
Frequently Asked Questions
TAGS and TAXX have a correlation of -0.23, 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 TAXX (0.32%). In terms of maximum drawdown, TAGS dropped -76.40% vs TAXX's -0.91%.
On 1-year performance, TAXX leads with 3.65% vs -4.97% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, TAXX has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TAXX has performed better with a 3.65% return vs -4.97%. 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 0.35% for TAXX.
TAXX has the higher dividend yield at 3.49%, compared with 0.00% for TAGS.
TAGS is categorized as Agricultural Commodities, while TAXX is Municipal Bonds. They also come from different issuers: Teucrium and BondBloxx. Their fees differ too: 0.21% for TAGS and 0.35% for TAXX.
TAXX currently has the higher Sharpe Ratio (2.16 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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