XES vs. SOYB
XES (SPDR S&P Oil & Gas Equipment & Services ETF) and SOYB (Teucrium Soybean Fund) are both exchange-traded funds - XES is a Energy Equities fund tracking the S&P Oil & Gas Equipment & Services Select Industry Index, while SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, XES returned -4.13%/yr vs 2.13%/yr for SOYB. At a 0.19 correlation, their price movements are largely independent. XES charges 0.35%/yr vs 1.88%/yr for SOYB.
Performance
XES vs. SOYB - Performance Comparison
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Returns By Period
In the year-to-date period, XES achieves a 37.45% return, which is significantly higher than SOYB's 15.14% return. Over the past 10 years, XES has underperformed SOYB with an annualized return of -4.13%, while SOYB has yielded a comparatively higher 2.13% annualized return.
XES
- 1D
- 1.64%
- 1M
- -8.57%
- 6M
- 26.49%
- YTD
- 37.45%
- 1Y
- 65.04%
- 3Y*
- 10.31%
- 5Y*
- 14.19%
- 10Y*
- -4.13%
SOYB
- 1D
- 0.28%
- 1M
- 4.35%
- 6M
- 13.74%
- YTD
- 15.14%
- 1Y
- 17.29%
- 3Y*
- -3.42%
- 5Y*
- 2.09%
- 10Y*
- 2.13%
XES vs. SOYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 37.45% | 5.89% | -5.44% | 6.68% | 62.03% | 12.00% | -43.38% | -9.00% | -46.99% | -21.93% |
SOYB Teucrium Soybean Fund | 15.14% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
Correlation
The correlation between XES and SOYB is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.19 |
The correlation between XES and SOYB shifts across timeframes, from 0.12 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XES vs. SOYB — Risk / Return Rank
XES
SOYB
XES vs. SOYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) and Teucrium Soybean Fund (SOYB). 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.
| XES | SOYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 1.92 | +1.26 |
| Martin ratioReturn relative to average drawdown | 11.53 | 5.02 | +6.51 |
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Drawdowns
XES vs. SOYB - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, which is greater than SOYB's maximum drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for XES and SOYB.
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Drawdown Indicators
| XES | SOYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -53.76% | -41.89% |
Max Drawdown (1Y)Largest decline over 1 year | -20.69% | -8.78% | -11.91% |
Max Drawdown (3Y)Largest decline over 3 years | -45.95% | -31.01% | -14.94% |
Max Drawdown (5Y)Largest decline over 5 years | -45.95% | -31.01% | -14.94% |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | -33.93% | -57.30% |
Current DrawdownCurrent decline from peak | -73.46% | -14.12% | -59.34% |
Average DrawdownAverage peak-to-trough decline | -54.44% | -25.69% | -28.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 3.36% | +2.34% |
Volatility
XES vs. SOYB - Volatility Comparison
SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a higher volatility of 9.22% compared to Teucrium Soybean Fund (SOYB) at 4.42%. This indicates that XES's price experiences larger fluctuations and is considered to be riskier than SOYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XES | SOYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 4.42% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.50% | 9.47% | +12.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 12.93% | +18.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.85% | 17.14% | +21.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.88% | 16.80% | +28.08% |
XES vs. SOYB - Expense Ratio Comparison
XES has a 0.35% expense ratio, which is lower than SOYB's 1.88% expense ratio.
Dividends
XES vs. SOYB - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.16%, while SOYB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOYB Teucrium Soybean 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% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.16% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Frequently Asked Questions
XES and SOYB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XES has higher volatility (9.22%) compared to SOYB (4.42%). In terms of maximum drawdown, XES dropped -95.65% vs SOYB's -53.76%.
On 10-year performance, SOYB leads with 2.13% vs -4.13% for XES. On fees, XES is cheaper at 0.35% per year. On volatility, SOYB has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOYB has performed better with a 2.13% return vs -4.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XES is cheaper with a 0.35% expense ratio, compared with 1.88% for SOYB.
XES has the higher dividend yield at 1.16%, compared with 0.00% for SOYB.
XES is categorized as Energy Equities, while SOYB is Agricultural Commodities. XES tracks S&P Oil & Gas Equipment & Services Select Industry Index, while SOYB tracks Teucrium Soybean Fund Benchmark. They also come from different issuers: State Street and Teucrium. Their fees differ too: 0.35% for XES and 1.88% for SOYB.
XES currently has the higher Sharpe Ratio (2.13 vs 1.31), 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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