TAGS vs. VEGI

Last updated Jun 4, 2026

TAGS (Teucrium Agricultural Fund) and VEGI (iShares MSCI Agriculture Producers ETF) are both exchange-traded funds - TAGS is a Agricultural Commodities fund tracking the Teucrium TAGS Index, while VEGI is a Mid Cap Value Equities fund tracking the MSCI ACWI Select Agriculture Producers Investable Market Index. Both are passively managed. Over the past 10 years, TAGS returned -1.74%/yr vs 8.58%/yr for VEGI. At a 0.14 correlation, their price movements are largely independent. TAGS charges 0.21%/yr vs 0.39%/yr for VEGI.

Performance

TAGS vs. VEGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Agricultural Fund (TAGS) and iShares MSCI Agriculture Producers ETF (VEGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAGS achieves a 6.11% return, which is significantly lower than VEGI's 16.98% return. Over the past 10 years, TAGS has underperformed VEGI with an annualized return of -1.74%, while VEGI has yielded a comparatively higher 8.58% annualized 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%

VEGI

• 1D: 0.58%
• 1M: -1.31%
• YTD: 16.98%
• 6M: 16.00%
• 1Y: 14.94%
• 3Y*: 8.09%
• 5Y*: 3.61%
• 10Y*: 8.58%

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

TAGS vs. VEGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAGS Teucrium Agricultural Fund	6.11%	-8.76%	-14.57%	-6.11%	16.25%	27.05%	8.19%	-4.53%	-7.10%	-13.94%
VEGI iShares MSCI Agriculture Producers ETF	16.98%	11.34%	-4.85%	-8.59%	6.34%	21.56%	20.06%	13.52%	-9.76%	19.79%

Correlation

The correlation between TAGS and VEGI is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012	0.14

TAGS vs. VEGI - Sectors Allocation Comparison

Sectors	TAGS	VEGI
Financial Services	99.9%	-
Basic Materials	-	31.7%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	33.3%
Energy	-	-
Healthcare	-	-
Industrials	-	34.2%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

TAGS vs. VEGI — Risk / Return Rank

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

TAGS

TAGS Risk / Return Rank: 8
TAGS Sharpe Ratio Rank: 8
TAGS Sortino Ratio Rank: 7
TAGS Omega Ratio Rank: 7
TAGS Calmar Ratio Rank: 8
TAGS Martin Ratio Rank: 8

VEGI

VEGI Risk / Return Rank: 30
VEGI Sharpe Ratio Rank: 28
VEGI Sortino Ratio Rank: 29
VEGI Omega Ratio Rank: 27
VEGI Calmar Ratio Rank: 40
VEGI Martin Ratio Rank: 27

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. VEGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Fund (TAGS) and iShares MSCI Agriculture Producers ETF (VEGI). 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	VEGI	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.02	-1.09
Sortino ratio: Return per unit of downside risk	-0.02	1.57	-1.59
Omega ratio: Gain probability vs. loss probability	1.00	1.18	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.09	2.00	-2.10
Martin ratio: Return relative to average drawdown	-0.16	3.86	-4.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TAGS vs. VEGI - Sharpe Ratio Comparison

The current TAGS Sharpe Ratio is -0.08, which is lower than the VEGI Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of TAGS and VEGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TAGS	VEGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	1.02	-1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.20	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.10	0.45	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	0.34	-0.57

Drawdowns

TAGS vs. VEGI - Drawdown Comparison

The maximum TAGS drawdown since its inception was -76.40%, which is greater than VEGI's maximum drawdown of -37.37%. Use the drawdown chart below to compare losses from any high point for TAGS and VEGI.

Drawdown Indicators

	TAGS	VEGI	Difference
Max Drawdown Largest peak-to-trough decline	-76.40%	-37.37%	-39.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-7.49%	-2.58%
Max Drawdown (3Y) Largest decline over 3 years	-33.59%	-17.71%	-15.88%
Max Drawdown (5Y) Largest decline over 5 years	-37.60%	-28.86%	-8.74%
Max Drawdown (10Y) Largest decline over 10 years	-47.30%	-37.37%	-9.93%
Current Drawdown Current decline from peak	-63.69%	-4.33%	-59.36%
Average Drawdown Average peak-to-trough decline	-57.23%	-9.82%	-47.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	3.88%	+2.00%

Volatility

TAGS vs. VEGI - Volatility Comparison

Teucrium Agricultural Fund (TAGS) has a higher volatility of 5.52% compared to iShares MSCI Agriculture Producers ETF (VEGI) at 4.52%. This indicates that TAGS's price experiences larger fluctuations and is considered to be riskier than VEGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAGS	VEGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	4.52%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	11.80%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	14.75%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	17.88%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	18.94%	-0.90%

TAGS vs. VEGI - Expense Ratio Comparison

TAGS has a 0.21% expense ratio, which is lower than VEGI's 0.39% expense ratio.

Dividends

TAGS vs. VEGI - Dividend Comparison

TAGS has not paid dividends to shareholders, while VEGI's dividend yield for the trailing twelve months is around 1.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TAGS Teucrium Agricultural Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEGI iShares MSCI Agriculture Producers ETF	1.99%	2.33%	2.62%	2.54%	1.49%	1.46%	1.55%	1.84%	2.02%	1.75%	2.13%	2.49%

Frequently Asked Questions

Can I hold both TAGS and VEGI in my portfolio?

TAGS and VEGI have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAGS or VEGI?

TAGS has higher volatility (5.52%) compared to VEGI (4.52%). In terms of maximum drawdown, TAGS dropped -76.40% vs VEGI's -37.37%.

Which ETF is better, TAGS or VEGI?

On 10-year performance, VEGI leads with 8.58% vs -1.74% for TAGS. On fees, TAGS is cheaper at 0.21% per year. On volatility, VEGI has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TAGS or VEGI?

Over the 10-year period, VEGI has performed better with a 8.58% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TAGS or VEGI?

TAGS is cheaper with a 0.21% expense ratio, compared with 0.39% for VEGI.

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

VEGI has the higher dividend yield at 1.99%, compared with 0.00% for TAGS.

What is the main difference between TAGS and VEGI?

TAGS is categorized as Agricultural Commodities, while VEGI is Mid Cap Value Equities. TAGS tracks Teucrium TAGS Index, while VEGI tracks MSCI ACWI Select Agriculture Producers Investable Market Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 0.21% for TAGS and 0.39% for VEGI.

Which has better risk-adjusted returns?

VEGI currently has the higher Sharpe Ratio (1.02 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.