CORN vs. ^GSPC

Last updated Jun 4, 2026

CORN (Teucrium Corn Fund) is Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CORN returned -2.61%/yr vs 13.66%/yr for ^GSPC. At a 0.07 correlation, their price movements are largely independent.

Performance

CORN vs. ^GSPC - Performance Comparison

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

Returns By Period

In the year-to-date period, CORN achieves a -1.47% return, which is significantly lower than ^GSPC's 10.35% return. Over the past 10 years, CORN has underperformed ^GSPC with an annualized return of -2.61%, while ^GSPC has yielded a comparatively higher 13.66% annualized return.

CORN

• 1D: -1.36%
• 1M: -8.63%
• YTD: -1.47%
• 6M: -1.91%
• 1Y: -4.06%
• 3Y*: -9.83%
• 5Y*: -3.99%
• 10Y*: -2.61%

^GSPC

• 1D: -0.74%
• 1M: 4.90%
• YTD: 10.35%
• 6M: 10.28%
• 1Y: 26.52%
• 3Y*: 20.83%
• 5Y*: 12.30%
• 10Y*: 13.66%

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

CORN vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CORN Teucrium Corn Fund	-1.47%	-5.54%	-12.98%	-19.90%	25.02%	38.25%	5.27%	-7.79%	-4.28%	-10.38%
^GSPC S&P 500 Index	10.35%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Correlation

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

Return for Risk

CORN vs. ^GSPC — Risk / Return Rank

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

CORN

CORN Risk / Return Rank: 6
CORN Sharpe Ratio Rank: 6
CORN Sortino Ratio Rank: 6
CORN Omega Ratio Rank: 6
CORN Calmar Ratio Rank: 5
CORN Martin Ratio Rank: 5

^GSPC

^GSPC Risk / Return Rank: 73
^GSPC Sharpe Ratio Rank: 71
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 72
^GSPC Calmar Ratio Rank: 67
^GSPC Martin Ratio Rank: 81

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.

CORN vs. ^GSPC - Risk-Adjusted Trends Comparison

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

	CORN	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.27	2.24	-2.51
Sortino ratio Return per unit of downside risk	-0.26	3.07	-3.33
Omega ratio Gain probability vs. loss probability	0.97	1.41	-0.44
Calmar ratio Return relative to maximum drawdown	-0.40	2.93	-3.33
Martin ratio Return relative to average drawdown	-0.79	13.52	-14.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CORN vs. ^GSPC - Sharpe Ratio Comparison

The current CORN Sharpe Ratio is -0.27, which is lower than the ^GSPC Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of CORN and ^GSPC, 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

	CORN	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	2.24	-2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	0.73	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	0.76	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.47	-0.56

Drawdowns

CORN vs. ^GSPC - Drawdown Comparison

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

Drawdown Indicators

	CORN	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-78.09%	-56.78%	-21.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-9.10%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	-38.57%	-18.90%	-19.67%
Max Drawdown (5Y) Largest decline over 5 years	-44.39%	-25.43%	-18.96%
Max Drawdown (10Y) Largest decline over 10 years	-51.10%	-33.92%	-17.18%
Current Drawdown Current decline from peak	-66.83%	-0.74%	-66.09%
Average Drawdown Average peak-to-trough decline	-51.08%	-10.72%	-40.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	1.97%	+3.21%

Volatility

CORN vs. ^GSPC - Volatility Comparison

Teucrium Corn Fund (CORN) has a higher volatility of 6.42% compared to S&P 500 Index (^GSPC) at 2.93%. This indicates that CORN's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CORN	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	2.93%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	8.99%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	11.89%	+3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.21%	16.90%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	18.06%	+1.34%

Frequently Asked Questions

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

CORN and ^GSPC 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, CORN or ^GSPC?

CORN has higher volatility (6.42%) compared to ^GSPC (2.93%). In terms of maximum drawdown, CORN dropped -78.09% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (2.24 vs -0.27), 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.