CORN vs. MMIN
CORN (Teucrium Corn Fund) and MMIN (IQ MacKay Municipal Insured ETF) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while MMIN is a Municipal Bonds fund tracking the Bloomberg Barclays Municipal All Insured Bond Index. Both are passively managed. Over the past 5 years, CORN returned -4.26%/yr vs 0.75%/yr for MMIN. At a correlation of -0.02, they often move in opposite directions. CORN charges 2.19%/yr vs 0.31%/yr for MMIN.
Performance
CORN vs. MMIN - Performance Comparison
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Returns By Period
In the year-to-date period, CORN achieves a -2.82% return, which is significantly lower than MMIN's 2.34% return.
CORN
- 1D
- -1.37%
- 1M
- -8.93%
- YTD
- -2.82%
- 6M
- -3.69%
- 1Y
- -6.26%
- 3Y*
- -10.02%
- 5Y*
- -4.26%
- 10Y*
- -2.91%
MMIN
- 1D
- 0.02%
- 1M
- 0.78%
- YTD
- 2.34%
- 6M
- 2.56%
- 1Y
- 8.90%
- 3Y*
- 4.09%
- 5Y*
- 0.75%
- 10Y*
- —
CORN vs. MMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | -2.82% | -5.54% | -12.98% | -19.90% | 25.02% | 38.25% | 5.27% | -7.79% | -4.28% | -3.25% |
MMIN IQ MacKay Municipal Insured ETF | 2.34% | 4.65% | 0.93% | 7.45% | -11.20% | 1.35% | 7.47% | 8.08% | 1.97% | 1.20% |
Correlation
The correlation between CORN and MMIN 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 (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | -0.02 |
Over the past year, the inverse relationship between CORN and MMIN has strengthened: their correlation has moved from -0.02 to -0.24, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CORN vs. MMIN — Risk / Return Rank
CORN
MMIN
CORN vs. MMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and IQ MacKay Municipal Insured ETF (MMIN). 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 | MMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.47 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 3.11 | -3.72 |
| Martin ratioReturn relative to average drawdown | -1.20 | 11.42 | -12.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CORN | MMIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 2.36 | -2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.15 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.38 | -0.48 |
Drawdowns
CORN vs. MMIN - Drawdown Comparison
The maximum CORN drawdown since its inception was -78.09%, which is greater than MMIN's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for CORN and MMIN.
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Drawdown Indicators
| CORN | MMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.09% | -16.87% | -61.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -2.87% | -7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -38.57% | -7.22% | -31.35% |
Max Drawdown (5Y)Largest decline over 5 years | -44.39% | -16.87% | -27.52% |
Max Drawdown (10Y)Largest decline over 10 years | -51.10% | — | — |
Current DrawdownCurrent decline from peak | -67.29% | -0.06% | -67.23% |
Average DrawdownAverage peak-to-trough decline | -51.09% | -4.32% | -46.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 0.78% | +4.44% |
Volatility
CORN vs. MMIN - Volatility Comparison
Teucrium Corn Fund (CORN) has a higher volatility of 6.46% compared to IQ MacKay Municipal Insured ETF (MMIN) at 1.16%. This indicates that CORN's price experiences larger fluctuations and is considered to be riskier than MMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORN | MMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 1.16% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 2.48% | +9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 3.80% | +11.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.17% | 5.02% | +15.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 6.97% | +12.43% |
CORN vs. MMIN - Expense Ratio Comparison
CORN has a 2.19% expense ratio, which is higher than MMIN's 0.31% expense ratio.
Dividends
CORN vs. MMIN - Dividend Comparison
CORN has not paid dividends to shareholders, while MMIN's dividend yield for the trailing twelve months is around 4.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MMIN IQ MacKay Municipal Insured ETF | 4.12% | 4.07% | 3.96% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% |
Frequently Asked Questions
CORN and MMIN 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.
CORN has higher volatility (6.46%) compared to MMIN (1.16%). In terms of maximum drawdown, CORN dropped -78.09% vs MMIN's -16.87%.
On 5-year performance, MMIN leads with 0.75% vs -4.26% for CORN. On fees, MMIN is cheaper at 0.31% per year. On volatility, MMIN has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MMIN has performed better with a 0.75% return vs -4.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMIN is cheaper with a 0.31% expense ratio, compared with 2.19% for CORN.
MMIN has the higher dividend yield at 4.12%, compared with 0.00% for CORN.
CORN is categorized as Agricultural Commodities, while MMIN is Municipal Bonds. CORN tracks Teucrium Corn Fund Benchmark, while MMIN tracks Bloomberg Barclays Municipal All Insured Bond Index. They also come from different issuers: Teucrium and New York Life. Their fees differ too: 2.19% for CORN and 0.31% for MMIN.
MMIN currently has the higher Sharpe Ratio (2.36 vs -0.41), 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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