CORN vs. EWZ
CORN (Teucrium Corn Fund) and EWZ (iShares MSCI Brazil ETF) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while EWZ is a Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 10 years, CORN returned -0.54%/yr vs 6.64%/yr for EWZ. Their 0.13 correlation means their historical movements had little consistent relationship. CORN charges 2.19%/yr vs 0.59%/yr for EWZ.
Performance
CORN vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, CORN achieves a -0.45% return, which is significantly lower than EWZ's 16.46% return. Over the past 10 years, CORN has underperformed EWZ with an annualized return of -0.54%, while EWZ has yielded a comparatively higher 6.64% annualized return.
CORN
- 1D
- -0.62%
- 1M
- 4.13%
- 6M
- 0.97%
- YTD
- -0.45%
- 1Y
- 2.24%
- 3Y*
- -8.35%
- 5Y*
- -2.59%
- 10Y*
- -0.54%
- ALL TIME*
- -2.16%
EWZ
- 1D
- 0.33%
- 1M
- 7.23%
- 6M
- -0.11%
- YTD
- 16.46%
- 1Y
- 44.24%
- 3Y*
- 9.53%
- 5Y*
- 7.67%
- 10Y*
- 6.64%
- ALL TIME*
- 6.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.63M | $5.32M | $8.06M | |
| $598.51M | $637.15M | $833.60M |
CORN vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | -0.45% | -5.54% | -12.98% | -19.90% | 25.02% | 38.25% | 5.27% | -7.79% | -4.28% | -10.38% |
EWZ iShares MSCI Brazil ETF | 16.46% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between CORN and EWZ is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2010 | 0.13 |
The correlation between CORN and EWZ shifts across timeframes, from 0.01 (1 year) to 0.14 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CORN vs. EWZ — Risk / Return Rank
CORN
EWZ
CORN vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and iShares MSCI Brazil ETF (EWZ). 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 | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.30 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.31 | -2.15 |
| Martin ratioReturn relative to average drawdown | 0.47 | 5.64 | -5.17 |
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Drawdowns
CORN vs. EWZ - Drawdown Comparison
The maximum CORN drawdown since its inception was -78.09%, roughly equal to the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for CORN and EWZ.
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Drawdown Indicators
| CORN | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.09% | -77.25% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -19.27% | +5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -28.70% | -31.36% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -45.19% | -32.24% | -12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -56.99% | +11.80% |
Current DrawdownCurrent decline from peak | -66.49% | -18.89% | -47.60% |
Average DrawdownAverage peak-to-trough decline | -51.23% | -35.86% | -15.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 7.86% | -3.07% |
Volatility
CORN vs. EWZ - Volatility Comparison
The current volatility for Teucrium Corn Fund (CORN) is 5.91%, while iShares MSCI Brazil ETF (EWZ) has a volatility of 6.69%. This indicates that CORN experiences smaller price fluctuations and is considered to be less risky than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORN | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 6.69% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 19.32% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 25.12% | -9.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 27.46% | -8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 33.90% | -14.63% |
CORN vs. EWZ - Expense Ratio Comparison
CORN has a 2.19% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Dividends
CORN vs. EWZ - Dividend Comparison
CORN has not paid dividends to shareholders, while EWZ's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn 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% |
EWZ iShares MSCI Brazil ETF | 3.99% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
Frequently Asked Questions
CORN and EWZ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWZ has higher volatility (6.69%) compared to CORN (5.91%). In terms of maximum drawdown, CORN dropped -78.09% vs EWZ's -77.25%.
On 10-year performance, EWZ leads with 6.64% vs -0.54% for CORN. On fees, EWZ is cheaper at 0.59% per year. On volatility, CORN has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EWZ has performed better with a 6.64% return vs -0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWZ is cheaper with a 0.59% expense ratio, compared with 2.19% for CORN.
EWZ has the higher dividend yield at 3.99%, compared with 0.00% for CORN.
CORN is categorized as Agricultural Commodities, while EWZ is Latin America Equities. CORN tracks Teucrium Corn Fund Benchmark, while EWZ tracks MSCI Brazil 25/50 Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 2.19% for CORN and 0.59% for EWZ.
EWZ currently has the higher Sharpe Ratio (1.77 vs 0.14), 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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