TAGS vs. TILL

Last updated Jun 23, 2026

TAGS (Teucrium Agricultural Fund) and TILL (Teucrium Agricultural Strategy No K-1 ETF) are both exchange-traded funds - TAGS is a Agricultural Commodities fund tracking the Teucrium TAGS Index, while TILL is a Commodities fund actively managed by Teucrium. TAGS is passively managed, while TILL is actively managed. Over the past 3 years, TAGS returned -10.09%/yr vs -8.81%/yr for TILL. With a 0.96 correlation, they move nearly in lockstep. TAGS charges 0.21%/yr vs 0.89%/yr for TILL.

Performance

TAGS vs. TILL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Agricultural Fund (TAGS) and Teucrium Agricultural Strategy No K-1 ETF (TILL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAGS achieves a 3.75% return, which is significantly higher than TILL's 3.18% 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%

TILL

• 1D: -0.89%
• 1M: -7.23%
• YTD: 3.18%
• 6M: 2.69%
• 1Y: -4.74%
• 3Y*: -8.81%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TAGS vs. TILL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TAGS Teucrium Agricultural Fund	3.75%	-8.76%	-14.57%	-6.11%	-12.30%
TILL Teucrium Agricultural Strategy No K-1 ETF	3.18%	-5.97%	-13.98%	-5.00%	-11.52%

Correlation

The correlation between TAGS and TILL is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 17, 2022	0.96

The correlation between TAGS and TILL has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

TAGS vs. TILL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAGS

TAGS Risk / Return Rank: 5
TAGS Sharpe Ratio Rank: 5
TAGS Sortino Ratio Rank: 5
TAGS Omega Ratio Rank: 5
TAGS Calmar Ratio Rank: 4
TAGS Martin Ratio Rank: 4

TILL

TILL Risk / Return Rank: 5
TILL Sharpe Ratio Rank: 6
TILL Sortino Ratio Rank: 5
TILL Omega Ratio Rank: 5
TILL Calmar Ratio Rank: 5
TILL Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TAGS vs. TILL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) and Teucrium Agricultural Strategy No K-1 ETF (TILL). 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	TILL	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	-0.38	-0.02
Sortino ratio: Return per unit of downside risk	-0.49	-0.46	-0.02
Omega ratio: Gain probability vs. loss probability	0.95	0.95	0.00
Calmar ratio: Return relative to maximum drawdown	-0.54	-0.50	-0.03
Martin ratio: Return relative to average drawdown	-0.96	-0.97	+0.01

TAGS vs. TILL - Sharpe Ratio Comparison

The current TAGS Sharpe Ratio is -0.39, which is comparable to the TILL Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of TAGS and TILL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TAGS vs. TILL - Drawdown Comparison

The maximum TAGS drawdown since its inception was -76.40%, which is greater than TILL's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for TAGS and TILL.

Drawdown Indicators

	TAGS	TILL	Difference
Max Drawdown Largest peak-to-trough decline	-76.40%	-33.76%	-42.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-9.46%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-32.73%	-29.46%	-3.27%
Max Drawdown (5Y) Largest decline over 5 years	-37.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.72%	—	—
Current Drawdown Current decline from peak	-64.50%	-30.76%	-33.74%
Average Drawdown Average peak-to-trough decline	-57.23%	-21.47%	-35.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	5.63%	+0.36%

Volatility

TAGS vs. TILL - Volatility Comparison

Teucrium Agricultural Fund (TAGS) has a higher volatility of 3.30% compared to Teucrium Agricultural Strategy No K-1 ETF (TILL) at 2.84%. This indicates that TAGS's price experiences larger fluctuations and is considered to be riskier than TILL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAGS	TILL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	2.84%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	10.35%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	12.67%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	14.70%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	14.70%	+3.30%

TAGS vs. TILL - Expense Ratio Comparison

TAGS has a 0.21% expense ratio, which is lower than TILL's 0.89% expense ratio.

Dividends

TAGS vs. TILL - Dividend Comparison

TAGS has not paid dividends to shareholders, while TILL's dividend yield for the trailing twelve months is around 4.81%.

Position	TTM	2025	2024	2023	2022
TAGS Teucrium Agricultural Fund	0.00%	0.00%	0.00%	0.00%	0.00%
TILL Teucrium Agricultural Strategy No K-1 ETF	4.81%	4.97%	2.55%	51.24%	0.73%

Frequently Asked Questions

Can I hold both TAGS and TILL in my portfolio?

With a correlation of 0.95, TAGS and TILL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TAGS or TILL?

TAGS has higher volatility (3.30%) compared to TILL (2.84%). In terms of maximum drawdown, TAGS dropped -76.40% vs TILL's -33.76%.

Which ETF is better, TAGS or TILL?

On 3-year performance, TILL leads with -8.81% vs -10.09% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, TILL has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TAGS or TILL?

Over the 3-year period, TILL has performed better with a -8.81% return vs -10.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TAGS or TILL?

TAGS is cheaper with a 0.21% expense ratio, compared with 0.89% for TILL.

Which ETF pays a higher dividend yield, TAGS or TILL?

TILL has the higher dividend yield at 4.81%, compared with 0.00% for TAGS.

What is the main difference between TAGS and TILL?

TAGS is categorized as Agricultural Commodities, while TILL is Commodities. Their fees differ too: 0.21% for TAGS and 0.89% for TILL.

Which has better risk-adjusted returns?

TILL currently has the higher Sharpe Ratio (-0.38 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.