CORN vs. MUB
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 -2.39%/yr vs 1.90%/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
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Returns By Period
In the year-to-date period, CORN achieves a -5.58% return, which is significantly lower than MUB's 1.48% return. Over the past 10 years, CORN has underperformed MUB with an annualized return of -2.39%, while MUB has yielded a comparatively higher 1.90% annualized 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%
MUB
- 1D
- -0.06%
- 1M
- 1.29%
- YTD
- 1.48%
- 6M
- 1.78%
- 1Y
- 6.40%
- 3Y*
- 3.19%
- 5Y*
- 0.93%
- 10Y*
- 1.90%
CORN vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | -5.58% | -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 | 1.48% | 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 -0.24, 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 | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2010 | -0.04 |
The correlation between CORN and MUB shifts across timeframes, from -0.24 (1 year) to -0.03 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CORN vs. MUB — Risk / Return Rank
CORN
MUB
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.
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 | MUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.46 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.31 | -2.85 |
| Martin ratioReturn relative to average drawdown | -1.53 | 8.02 | -9.55 |
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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
| CORN | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.09% | -13.68% | -64.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -2.79% | -9.76% |
Max Drawdown (3Y)Largest decline over 3 years | -34.78% | -5.34% | -29.44% |
Max Drawdown (5Y)Largest decline over 5 years | -44.39% | -11.88% | -32.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.97% | -13.68% | -32.29% |
Current DrawdownCurrent decline from peak | -68.22% | -0.47% | -67.75% |
Average DrawdownAverage peak-to-trough decline | -51.12% | -2.23% | -48.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 0.80% | +3.64% |
Volatility
CORN vs. MUB - Volatility Comparison
Teucrium Corn Fund (CORN) has a higher volatility of 4.23% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 0.77%. 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
| CORN | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 0.77% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 2.27% | +9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 2.88% | +12.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 4.07% | +15.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 4.92% | +14.40% |
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%.
| 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% |
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 -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORN has higher volatility (4.23%) compared to MUB (0.77%). In terms of maximum drawdown, CORN dropped -78.09% vs MUB's -13.68%.
On 10-year performance, MUB leads with 1.90% vs -2.39% for CORN. On fees, MUB is cheaper at 0.07% per year. On volatility, MUB has been the lower-risk option at 0.77%. 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 1.90% return vs -2.39%. 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 (2.23 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.
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