CORN vs. AJAN

Last updated Jun 24, 2026

CORN (Teucrium Corn Fund) and AJAN (Innovator Equity Defined Protection ETF - 2 Yr To January 2026) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while AJAN is a Options Trading fund actively managed by Innovator. CORN is passively managed, while AJAN is actively managed. Over the past year, CORN returned -6.79% vs 5.20% for AJAN. At a correlation of -0.09, they often move in opposite directions. CORN charges 2.19%/yr vs 0.79%/yr for AJAN.

Performance

CORN vs. AJAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Corn Fund (CORN) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORN achieves a -5.58% return, which is significantly lower than AJAN's 1.63% return.

CORN

• 1D: -0.18%
• 1M: -8.82%
• YTD: -5.58%
• 6M: -6.64%
• 1Y: -6.79%
• 3Y*: -13.08%
• 5Y*: -3.24%
• 10Y*: -2.39%

AJAN

• 1D: -0.17%
• 1M: -0.12%
• YTD: 1.63%
• 6M: 1.72%
• 1Y: 5.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CORN vs. AJAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORN Teucrium Corn Fund	-5.58%	-5.54%	-12.98%
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026	1.63%	6.12%	7.61%

Correlation

The correlation between CORN and AJAN is -0.24, 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	-0.24
Correlation (All Time) Calculated using the full available price history since Jan 2, 2024	-0.09

The correlation between CORN and AJAN shifts across timeframes, from -0.24 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CORN vs. AJAN — Risk / Return Rank

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

CORN

CORN Risk / Return Rank: 4
CORN Sharpe Ratio Rank: 5
CORN Sortino Ratio Rank: 5
CORN Omega Ratio Rank: 5
CORN Calmar Ratio Rank: 4
CORN Martin Ratio Rank: 1

AJAN

AJAN Risk / Return Rank: 70
AJAN Sharpe Ratio Rank: 71
AJAN Sortino Ratio Rank: 79
AJAN Omega Ratio Rank: 83
AJAN Calmar Ratio Rank: 51
AJAN Martin Ratio Rank: 67

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. AJAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN). 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.

	CORN	AJAN	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	2.11	-2.56
Sortino ratio: Return per unit of downside risk	-0.51	3.21	-3.73
Omega ratio: Gain probability vs. loss probability	0.94	1.46	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.54	2.33	-2.87
Martin ratio: Return relative to average drawdown	-1.53	11.47	-13.00

CORN vs. AJAN - Sharpe Ratio Comparison

The current CORN Sharpe Ratio is -0.45, which is lower than the AJAN Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of CORN and AJAN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CORN vs. AJAN - Drawdown Comparison

The maximum CORN drawdown since its inception was -78.09%, which is greater than AJAN's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for CORN and AJAN.

Drawdown Indicators

	CORN	AJAN	Difference
Max Drawdown Largest peak-to-trough decline	-78.09%	-4.11%	-73.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.55%	-2.24%	-10.31%
Max Drawdown (3Y) Largest decline over 3 years	-34.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.97%	—	—
Current Drawdown Current decline from peak	-68.22%	-0.49%	-67.73%
Average Drawdown Average peak-to-trough decline	-51.12%	-0.30%	-50.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	0.45%	+3.99%

Volatility

CORN vs. AJAN - Volatility Comparison

Teucrium Corn Fund (CORN) has a higher volatility of 4.23% compared to Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN) at 1.11%. This indicates that CORN's price experiences larger fluctuations and is considered to be riskier than AJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CORN	AJAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	1.11%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	11.76%	2.29%	+9.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.42%	2.48%	+12.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	3.82%	+15.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	3.82%	+15.50%

CORN vs. AJAN - Expense Ratio Comparison

CORN has a 2.19% expense ratio, which is higher than AJAN's 0.79% expense ratio.

Dividends

CORN vs. AJAN - Dividend Comparison

Neither CORN nor AJAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CORN and AJAN in my portfolio?

CORN and AJAN have a correlation of -0.24, 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 AJAN?

CORN has higher volatility (4.23%) compared to AJAN (1.11%). In terms of maximum drawdown, CORN dropped -78.09% vs AJAN's -4.11%.

Which ETF is better, CORN or AJAN?

On 1-year performance, AJAN leads with 5.20% vs -6.79% for CORN. On fees, AJAN is cheaper at 0.79% per year. On volatility, AJAN has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CORN or AJAN?

Over the 1-year period, AJAN has performed better with a 5.20% return vs -6.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CORN or AJAN?

AJAN is cheaper with a 0.79% expense ratio, compared with 2.19% for CORN.

Which ETF pays a higher dividend yield, CORN or AJAN?

CORN and AJAN have nearly identical dividend yields, around 0.00%.

What is the main difference between CORN and AJAN?

CORN is categorized as Agricultural Commodities, while AJAN is Options Trading. They also come from different issuers: Teucrium and Innovator. Their fees differ too: 2.19% for CORN and 0.79% for AJAN.

Which has better risk-adjusted returns?

AJAN currently has the higher Sharpe Ratio (2.11 vs -0.45), 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.