CORN vs. TAXM
CORN (Teucrium Corn Fund) and TAXM (BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while TAXM is a Municipal Bonds fund actively managed by BondBloxx. CORN is passively managed, while TAXM is actively managed. Over the past year, CORN returned -6.79% vs 5.91% for TAXM. At a correlation of -0.19, they often move in opposite directions. CORN charges 2.19%/yr vs 0.35%/yr for TAXM.
Performance
CORN vs. TAXM - 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 TAXM's 1.31% 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%
TAXM
- 1D
- -0.12%
- 1M
- 1.14%
- YTD
- 1.31%
- 6M
- 1.47%
- 1Y
- 5.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CORN vs. TAXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORN Teucrium Corn Fund | -5.58% | -5.59% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 1.31% | 3.90% |
Correlation
The correlation between CORN and TAXM is -0.25, 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 | -0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | -0.19 |
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Return for Risk
CORN vs. TAXM — Risk / Return Rank
CORN
TAXM
CORN vs. TAXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM). 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 | TAXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.46 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.20 | -2.74 |
| Martin ratioReturn relative to average drawdown | -1.53 | 7.51 | -9.05 |
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Drawdowns
CORN vs. TAXM - Drawdown Comparison
The maximum CORN drawdown since its inception was -78.09%, which is greater than TAXM's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for CORN and TAXM.
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Drawdown Indicators
| CORN | TAXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.09% | -3.10% | -74.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -2.70% | -9.85% |
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 DrawdownCurrent decline from peak | -68.22% | -0.67% | -67.55% |
Average DrawdownAverage peak-to-trough decline | -51.12% | -0.71% | -50.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 0.79% | +3.65% |
Volatility
CORN vs. TAXM - Volatility Comparison
Teucrium Corn Fund (CORN) has a higher volatility of 4.23% compared to BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) at 0.69%. This indicates that CORN's price experiences larger fluctuations and is considered to be riskier than TAXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORN | TAXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 0.69% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 2.08% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 2.66% | +12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 3.51% | +16.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 3.51% | +15.81% |
CORN vs. TAXM - Expense Ratio Comparison
CORN has a 2.19% expense ratio, which is higher than TAXM's 0.35% expense ratio.
Dividends
CORN vs. TAXM - Dividend Comparison
CORN has not paid dividends to shareholders, while TAXM's dividend yield for the trailing twelve months is around 3.28%.
| Position | TTM | 2025 |
|---|---|---|
CORN Teucrium Corn Fund | 0.00% | 0.00% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 3.28% | 2.75% |
Frequently Asked Questions
CORN and TAXM have a correlation of -0.25, 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 TAXM (0.69%). In terms of maximum drawdown, CORN dropped -78.09% vs TAXM's -3.10%.
On 1-year performance, TAXM leads with 5.91% vs -6.79% for CORN. On fees, TAXM is cheaper at 0.35% per year. On volatility, TAXM has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TAXM has performed better with a 5.91% return vs -6.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAXM is cheaper with a 0.35% expense ratio, compared with 2.19% for CORN.
TAXM has the higher dividend yield at 3.28%, compared with 0.00% for CORN.
CORN is categorized as Agricultural Commodities, while TAXM is Municipal Bonds. They also come from different issuers: Teucrium and BondBloxx. Their fees differ too: 2.19% for CORN and 0.35% for TAXM.
TAXM currently has the higher Sharpe Ratio (2.24 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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