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CANE vs PDBA

Teucrium Sugar Fund

CANECNYSE Arca

Invesco Agriculture Commodity Strategy No K-1 ETF

PDBABNasdaq

Overlap

0.0%by weight

Expense ratio

CANE −0.21pt a year

CANE0.54%PDBA0.75%

Avg volume · 30D

CANE 1.4×the volume

CANE351KPDBA244K

3Y return · a year

PDBA +19.5pt

CANE−8.0%PDBA+11.5%

CANE vs PDBA Performance

Oct 31, 2025 – Oct 30, 2026

+25.3%CANE+5.9%PDBA

Oct 31, 2025 to Oct 30, 2026. CANE +25.3%. PDBA +5.9%. Use the arrow keys to read each point.0%10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
CANE 0.54%, better
PDBA 0.75%
Fund size
CANE $59M
PDBA $317M
1Y total return
CANE +25.3%, better
PDBA +5.9%
Yield (12M)
CANE No data
PDBA 3.15%
Holdings
CANE 14
PDBA 3
Avg volume (30D)
CANE 351K sh, better
PDBA 244K sh
NAV per share
CANE $11.66
PDBA $35.97
52W range

ETF.net Grade

CANE: Cost 72, Risk 34, Mission not scored, Tradability 35, Holdings not scored, Durability 50. PDBA: Cost 42, Risk 69, Mission not scored, Tradability 79, Holdings not scored, Durability 63.
Pillar letters and Scores for CANE, PDBA, with each pillar’s weight
PillarCANEPDBA
Cost30% weightA72HigherC42
Mission25% weightNot scoredNot scored
Risk15% weightD34B69Higher
Tradability15% weightD35A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC50B63Higher

Rank among Agriculture Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CANE and PDBA are both graded against the same 6 Agriculture Futures funds, so their Grades compare head to head.

Agriculture Futures⁠

Category · 6 funds
See all 6 ›

PDBA ranks 1st and CANE 2nd of 6 funds in the Agriculture Futures Category.

  1. Rank 1BPDBAInvesco Agriculture Commodity Strategy No K-1 ETFScore 58
  2. Rank 2CCANETeucrium Sugar FundScore 53
  3. Rank 2CTAGSTeucrium Agricultural FundScore 53

Our read on each fund

ETF.net Research

CANECTeucrium Sugar Fund

PDBABInvesco Agriculture Commodity Strategy No K-1 ETF

In short

CANE Sugar, neat. CANE tracks No. 11 sugar futures through Teucrium's own index, a single-crop position in a peer group mostly built from broad ag baskets, and it has been running since 2011 at 0.54% a year.

PDBA The broad farm-commodity basket without the partnership paperwork. PDBA tracks a diversified DBIQ agriculture index from inside a 1940 Act fund, which is exactly what the "No K-1" in its name is pointing at.

Stated mandate

CANE The Fund seeks to reflect daily changes in the price of sugar for future delivery through its benchmark, primarily by investing in the benchmark's No. 11 Sugar futures contracts.

PDBA The Fund seeks long-term capital appreciation.

Why people hold it

  • CANE Narrow by design: it aims to reflect daily moves in sugar futures via the Teucrium Sugar Index, primarily No. 11 contracts. No corn or wheat diluting the move.teucrium.com
  • At 0.54% a year, it charges less than the typical fund in its agriculture futures group and less than broad baskets DBA (0.90%) and PDBA (0.75%).
  • Trading since 2011, mid-sized and moderately traded: a seasoned vehicle rather than a thin new launch chasing a theme.
  • PDBA One ticket, many crops: it follows the DBIQ Diversified Agriculture Index Excess Return instead of betting on a single commodity the way CORN or CANE do.
  • Registered as a 1940 Act fund rather than a commodity pool, so shareholders skip the Schedule K-1 the fund's own name calls out.
  • Fee sits at 0.75%, right on the category median and below Invesco's older ag fund DBA at 0.90%.

Worth knowing

  • CANE One crop, one futures curve. Nothing in the portfolio cushions a rough sugar season, so single-commodity swings land straight in the fund.
  • It is a commodity pool, not a standard fund wrapper, so tax paperwork can look different from a regular ETF. Peer PDBA exists specifically to sidestep K-1s.teucrium.com
  • Not an income holding: it hasn't been paying distributions, and results come from futures price moves alone.
  • PDBA 0.75% is real money in commodity land. TAGS packages a diversified ag basket for 0.17%.
  • Exposure runs through futures-linked instruments, not farmland or farm companies, so contract pricing and rolls shape the ride as much as crop prices do.
  • Launched in 2022, a short history next to ag funds that have lived through more full commodity cycles.

Full CANE profile⁠

Full PDBA profile⁠

CANE vs PDBA Holdings

How CANE and PDBA differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CANE and 0.0% of PDBA.

Level by level

  • Asset classCommodities, Alternatives0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for CANE and PDBA.

Country, concentration and asset class

Country by domicile

No country split for CANE and PDBA.

Concentration

Weight in the 10 largest Holdings

  • CANE91.5%
  • PDBA100.0%

Securities held

  • CANE13
  • PDBA2

Asset class

CANE
Commodities
PDBA
Alternatives

Holdings

  • Only in CANE13
  • In both0
  • Only in PDBA2

Only in CANE

13 securities, 97.3% of CANE by weight

  • Us Bank Mmda - Usbgfs 9 09/01/203719.67%
  • SUGAR #11 (WORLD) Mar2817.50%
  • SUGAR #11 (WORLD) May2717.49%

Only in PDBA

2 securities, 99.7% of PDBA by weight

  • Invesco Premier US Government Money Portfolio83.11%
  • Powershares Cayman Fund16.63%

Weight gaps

CANE and PDBA share no securities.

All 32 CANE holdings⁠All 2 PDBA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CANE vs PDBA Cost

Overpaying PDBA vs CANE

$3,762

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CANE 0.54%

    $10,720

  • PDBA 0.75%

    $14,482

$10,000
30 years

Cost over time

  • CANE 0.54%
  • PDBA 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530PDBA $14,482CANE $10,720

Year by year

YearCANEPDBAOverpaying
10$971$1,336$365
20$3,724$5,078$1,354
30$10,720$14,482$3,762

Expense ratio

  • 0.54%CANE, cheaper
  • 0.75%PDBA
  • Middle half of Agriculture Futures funds
  • Median 0.68%

CANE 2nd cheapest of 6 funds

PDBA 4th cheapest of 6 funds

CANE vs PDBA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CANE No data
PDBA 3.15%
Payout (12M)
CANE None
PDBA $1.13
Last payment
CANE No data
PDBA $1.13
Ex-dividend
CANE No data
PDBA Dec 22, 2025
Paid on
CANE No data
PDBA Dec 26, 2025
Frequency
CANE No data
PDBA Annual

Distribution history

Per share, 2022 to 2026, same scale for both

CANEAll CANE payments⁠

No distribution history available.

PDBAAnnual · 4 paymentsAll PDBA payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 19, 2022 $0.22; Dec 18, 2023 $2.04; Dec 23, 2024 $4.61; Dec 22, 2025 $1.13. Use the arrow keys to read each point.$0$520232026YTD

CANE vs PDBA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CANE 24.2%PDBA 13.0%, better
Return per unit of riskSharpe ratio, 3 years
CANE −0.41PDBA 0.56, better
Worst fallMax drawdown, 5 years
CANE −41.7%PDBA −12.5%since Aug 2022
Market sensitivityBeta, 5 years
CANE 0.37PDBA 0.33

Popular comparisons

  • CANECvsTAGSC

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  • CANECvsCORNC

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  • CANECvsDBAC

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