^GSPC vs. CORN

Last updated Jun 9, 2026

^GSPC (S&P 500 Index) is an index, while CORN (Teucrium Corn Fund) is Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark. Over the past 10 years, ^GSPC returned 13.45%/yr vs -2.94%/yr for CORN. At a 0.07 correlation, their price movements are largely independent.

Performance

^GSPC vs. CORN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Index (^GSPC) and Teucrium Corn Fund (CORN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^GSPC achieves a 8.18% return, which is significantly higher than CORN's -4.00% return. Over the past 10 years, ^GSPC has outperformed CORN with an annualized return of 13.45%, while CORN has yielded a comparatively lower -2.94% annualized return.

^GSPC

• 1D: 0.30%
• 1M: 0.09%
• YTD: 8.18%
• 6M: 8.17%
• 1Y: 23.42%
• 3Y*: 19.88%
• 5Y*: 11.91%
• 10Y*: 13.45%

CORN

• 1D: -0.23%
• 1M: -8.54%
• YTD: -4.00%
• 6M: -4.58%
• 1Y: -8.59%
• 3Y*: -10.03%
• 5Y*: -5.19%
• 10Y*: -2.94%

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

^GSPC vs. CORN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^GSPC S&P 500 Index	8.18%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%
CORN Teucrium Corn Fund	-4.00%	-5.54%	-12.98%	-19.90%	25.02%	38.25%	5.27%	-7.79%	-4.28%	-10.38%

Correlation

The correlation between ^GSPC and CORN is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 10, 2010	0.07

The correlation between ^GSPC and CORN shifts across timeframes, from -0.12 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

^GSPC vs. CORN — Risk / Return Rank

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

^GSPC

^GSPC Risk / Return Rank: 68
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 65
^GSPC Omega Ratio Rank: 71
^GSPC Calmar Ratio Rank: 65
^GSPC Martin Ratio Rank: 79

CORN

CORN Risk / Return Rank: 3
CORN Sharpe Ratio Rank: 5
CORN Sortino Ratio Rank: 5
CORN Omega Ratio Rank: 5
CORN Calmar Ratio Rank: 2
CORN Martin Ratio Rank: 0

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.

^GSPC vs. CORN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and Teucrium Corn Fund (CORN). 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.

	^GSPC	CORN	Difference
Sharpe ratio: Return per unit of total volatility	1.94	-0.56	+2.50
Sortino ratio: Return per unit of downside risk	2.63	-0.67	+3.30
Omega ratio: Gain probability vs. loss probability	1.35	0.92	+0.43
Calmar ratio: Return relative to maximum drawdown	2.59	-0.79	+3.37
Martin ratio: Return relative to average drawdown	11.84	-1.92	+13.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^GSPC vs. CORN - Sharpe Ratio Comparison

The current ^GSPC Sharpe Ratio is 1.94, which is higher than the CORN Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of ^GSPC and CORN, 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

	^GSPC	CORN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	-0.56	+2.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	-0.26	+0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	-0.15	+0.90
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	-0.10	+0.57

Drawdowns

^GSPC vs. CORN - Drawdown Comparison

The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum CORN drawdown of -78.09%. Use the drawdown chart below to compare losses from any high point for ^GSPC and CORN.

Drawdown Indicators

	^GSPC	CORN	Difference
Max Drawdown Largest peak-to-trough decline	-56.78%	-78.09%	+21.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-10.98%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	-38.57%	+19.67%
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	-44.39%	+18.96%
Max Drawdown (10Y) Largest decline over 10 years	-33.92%	-51.10%	+17.18%
Current Drawdown Current decline from peak	-2.68%	-67.69%	+65.01%
Average Drawdown Average peak-to-trough decline	-10.72%	-51.09%	+40.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	5.31%	-3.33%

Volatility

^GSPC vs. CORN - Volatility Comparison

The current volatility for S&P 500 Index (^GSPC) is 3.80%, while Teucrium Corn Fund (CORN) has a volatility of 6.09%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than CORN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^GSPC	CORN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	6.09%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	11.51%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	15.42%	-3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	20.14%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	19.40%	-1.31%

Frequently Asked Questions

Can I hold both ^GSPC and CORN in my portfolio?

^GSPC and CORN 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.

Which is riskier, ^GSPC or CORN?

CORN has higher volatility (6.09%) compared to ^GSPC (3.80%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs CORN's -78.09%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (1.94 vs -0.56), 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.