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CORN vs. MUB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CORN vs. MUB

Last updated Jun 4, 2026

CORN (Teucrium Corn Fund) and MUB (iShares National AMT-Free Muni Bond ETF) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while MUB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 10 years, CORN returned -2.61%/yr vs 2.00%/yr for MUB. At a correlation of -0.04, they often move in opposite directions. CORN charges 2.19%/yr vs 0.07%/yr for MUB.

Performance

CORN vs. MUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Corn Fund (CORN) and iShares National AMT-Free Muni Bond ETF (MUB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CORN achieves a -1.47% return, which is significantly lower than MUB's 1.24% return. Over the past 10 years, CORN has underperformed MUB with an annualized return of -2.61%, while MUB has yielded a comparatively higher 2.00% 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%

MUB

1D
-0.08%
1M
0.56%
YTD
1.24%
6M
1.74%
1Y
6.95%
3Y*
3.43%
5Y*
0.86%
10Y*
2.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CORN vs. MUB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CORN
Teucrium Corn Fund		-1.47%-5.54%-12.98%-19.90%25.02%38.25%5.27%-7.79%-4.28%-10.38%
MUB
iShares National AMT-Free Muni Bond ETF		1.24%3.78%1.26%5.56%-7.34%1.02%5.12%7.06%0.93%4.72%

Correlation

The correlation between CORN and MUB is -0.23, 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

-0.23

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

-0.04

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

-0.04

The correlation between CORN and MUB shifts across timeframes, from -0.23 (1 year) to -0.03 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Teucrium Corn Fund

iShares National AMT-Free Muni Bond ETF

Often compared with CORN:
CORN vs. WEATCORN vs. SOYBCORN vs. SPYCORN vs. DBACORN vs. ENPIXCORN vs. MEOHCORN vs. VOO
Often compared with MUB:
MUB vs. VTEBMUB vs. SUBMUB vs. CMFMUB vs. NYFMUB vs. MUNIMUB vs. HYDMUB vs. VWIUX

Return for Risk

CORN vs. MUB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CORN
CORN Risk / Return Rank: 66
Overall Rank
CORN Sharpe Ratio Rank: 66
Sharpe Ratio Rank
CORN Sortino Ratio Rank: 66
Sortino Ratio Rank
CORN Omega Ratio Rank: 66
Omega Ratio Rank
CORN Calmar Ratio Rank: 55
Calmar Ratio Rank
CORN Martin Ratio Rank: 55
Martin Ratio Rank
MUB
MUB Risk / Return Rank: 6666
Overall Rank
MUB Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
MUB Sortino Ratio Rank: 7676
Sortino Ratio Rank
MUB Omega Ratio Rank: 8181
Omega Ratio Rank
MUB Calmar Ratio Rank: 5050
Calmar Ratio Rank
MUB Martin Ratio Rank: 5151
Martin Ratio Rank
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. MUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and iShares National AMT-Free Muni Bond ETF (MUB). 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.

CORNMUBDifference

Sharpe ratio

Return per unit of total volatility

-0.27

2.39

-2.66

Sortino ratio

Return per unit of downside risk

-0.26

3.49

-3.75

Omega ratio

Gain probability vs. loss probability

0.97

1.50

-0.53

Calmar ratio

Return relative to maximum drawdown

-0.40

2.50

-2.90

Martin ratio

Return relative to average drawdown

-0.79

8.85

-9.63

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. MUB - Sharpe Ratio Comparison

The current CORN Sharpe Ratio is -0.27, which is lower than the MUB Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CORN and MUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CORNMUBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.27

2.39

-2.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.20

0.21

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.14

0.41

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.09

0.58

-0.68

Drawdowns

CORN vs. MUB - Drawdown Comparison

The maximum CORN drawdown since its inception was -78.09%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for CORN and MUB.

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Drawdown Indicators

CORNMUBDifference

Max Drawdown

Largest peak-to-trough decline

-78.09%

-13.68%

-64.41%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-2.79%

-7.47%

Max Drawdown (3Y)

Largest decline over 3 years

-38.57%

-5.34%

-33.23%

Max Drawdown (5Y)

Largest decline over 5 years

-44.39%

-11.88%

-32.51%

Max Drawdown (10Y)

Largest decline over 10 years

-51.10%

-13.68%

-37.42%

Current Drawdown

Current decline from peak

-66.83%

-0.70%

-66.13%

Average Drawdown

Average peak-to-trough decline

-51.08%

-2.23%

-48.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.18%

0.79%

+4.39%

Volatility

CORN vs. MUB - Volatility Comparison

Teucrium Corn Fund (CORN) has a higher volatility of 6.42% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 0.97%. This indicates that CORN's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CORNMUBDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.42%

0.97%

+5.45%

Volatility (6M)

Calculated over the trailing 6-month period

11.50%

2.22%

+9.28%

Volatility (1Y)

Calculated over the trailing 1-year period

15.40%

2.92%

+12.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.21%

4.06%

+16.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.40%

4.92%

+14.48%

CORN vs. MUB - Expense Ratio Comparison

CORN has a 2.19% expense ratio, which is higher than MUB's 0.07% expense ratio.

Dividends

CORN vs. MUB - Dividend Comparison

CORN has not paid dividends to shareholders, while MUB's dividend yield for the trailing twelve months is around 3.17%.

PositionTTM20252024202320222021202020192018201720162015
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%
MUB
iShares National AMT-Free Muni Bond ETF		3.17%3.14%3.01%2.65%2.11%1.81%2.11%2.42%2.46%2.26%2.21%2.51%

Frequently Asked Questions

CORN and MUB have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CORN has higher volatility (6.42%) compared to MUB (0.97%). In terms of maximum drawdown, CORN dropped -78.09% vs MUB's -13.68%.

On 10-year performance, MUB leads with 2.00% vs -2.61% for CORN. On fees, MUB is cheaper at 0.07% per year. On volatility, MUB has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MUB has performed better with a 2.00% return vs -2.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MUB is cheaper with a 0.07% expense ratio, compared with 2.19% for CORN.

MUB has the higher dividend yield at 3.17%, compared with 0.00% for CORN.

CORN is categorized as Agricultural Commodities, while MUB is Municipal Bonds. CORN tracks Teucrium Corn Fund Benchmark, while MUB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 2.19% for CORN and 0.07% for MUB.

MUB currently has the higher Sharpe Ratio (2.39 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.

Portfolio Optimizer

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