TILL vs. KHYB
TILL (Teucrium Agricultural Strategy No K-1 ETF) and KHYB (KraneShares Asia Pacific High Income Bond ETF) are both exchange-traded funds - TILL is a Commodities fund actively managed by Teucrium, while KHYB is a Emerging Markets Bonds fund tracking the JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.. TILL is actively managed, while KHYB is passively managed. Over the past 3 years, TILL returned -5.74%/yr vs 8.74%/yr for KHYB. At a correlation of -0.03, they often move in opposite directions. TILL charges 0.89%/yr vs 0.69%/yr for KHYB.
Performance
TILL vs. KHYB - Performance Comparison
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Returns By Period
In the year-to-date period, TILL achieves a 5.10% return, which is significantly higher than KHYB's 2.52% return.
TILL
- 1D
- -1.13%
- 1M
- -6.31%
- YTD
- 5.10%
- 6M
- 3.12%
- 1Y
- -1.33%
- 3Y*
- -5.74%
- 5Y*
- —
- 10Y*
- —
KHYB
- 1D
- 0.02%
- 1M
- 1.16%
- YTD
- 2.52%
- 6M
- 3.51%
- 1Y
- 10.48%
- 3Y*
- 8.74%
- 5Y*
- 0.18%
- 10Y*
- —
TILL vs. KHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TILL Teucrium Agricultural Strategy No K-1 ETF | 5.10% | -5.97% | -13.98% | -5.00% | -12.66% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 2.52% | 9.59% | 10.79% | 3.50% | 0.38% |
Correlation
The correlation between TILL and KHYB 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 (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since May 18, 2022 | -0.03 |
The correlation between TILL and KHYB shifts across timeframes, from -0.23 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TILL vs. KHYB — Risk / Return Rank
TILL
KHYB
TILL vs. KHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Strategy No K-1 ETF (TILL) and KraneShares Asia Pacific High Income Bond ETF (KHYB). 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.
| TILL | KHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.85 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.70 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.65 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.25 | 11.91 | -12.16 |
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
| TILL | KHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 3.09 | -3.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | 0.28 | -0.84 |
Drawdowns
TILL vs. KHYB - Drawdown Comparison
The maximum TILL drawdown since its inception was -33.76%, roughly equal to the maximum KHYB drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for TILL and KHYB.
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Drawdown Indicators
| TILL | KHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -33.63% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.98% | -3.97% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -30.40% | -5.94% | -24.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.86% | — |
Current DrawdownCurrent decline from peak | -29.47% | -0.60% | -28.87% |
Average DrawdownAverage peak-to-trough decline | -21.40% | -9.71% | -11.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.88% | +4.53% |
Volatility
TILL vs. KHYB - Volatility Comparison
Teucrium Agricultural Strategy No K-1 ETF (TILL) has a higher volatility of 5.38% compared to KraneShares Asia Pacific High Income Bond ETF (KHYB) at 0.87%. This indicates that TILL's price experiences larger fluctuations and is considered to be riskier than KHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TILL | KHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 0.87% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 3.02% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 3.40% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 6.32% | +8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 5.71% | +9.03% |
TILL vs. KHYB - Expense Ratio Comparison
TILL has a 0.89% expense ratio, which is higher than KHYB's 0.69% expense ratio.
Dividends
TILL vs. KHYB - Dividend Comparison
TILL's dividend yield for the trailing twelve months is around 4.72%, less than KHYB's 8.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.13% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% |
TILL Teucrium Agricultural Strategy No K-1 ETF | 4.72% | 4.97% | 2.55% | 51.24% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TILL and KHYB 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.
TILL has higher volatility (5.38%) compared to KHYB (0.87%). In terms of maximum drawdown, TILL dropped -33.76% vs KHYB's -33.63%.
On 3-year performance, KHYB leads with 8.74% vs -5.74% for TILL. On fees, KHYB is cheaper at 0.69% per year. On volatility, KHYB has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KHYB has performed better with a 8.74% return vs -5.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KHYB is cheaper with a 0.69% expense ratio, compared with 0.89% for TILL.
KHYB has the higher dividend yield at 8.13%, compared with 4.72% for TILL.
TILL is categorized as Commodities, while KHYB is Emerging Markets Bonds. They also come from different issuers: Teucrium and KraneShares. Their fees differ too: 0.89% for TILL and 0.69% for KHYB.
KHYB currently has the higher Sharpe Ratio (3.09 vs -0.11), 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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