CORN vs. TLT
CORN (Teucrium Corn Fund) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, CORN returned -1.15%/yr vs -2.17%/yr for TLT. At a correlation of -0.07, they often move in opposite directions. CORN charges 2.19%/yr vs 0.15%/yr for TLT.
Performance
CORN vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, CORN achieves a -1.02% return, which is significantly higher than TLT's -1.48% return. Over the past 10 years, CORN has outperformed TLT with an annualized return of -1.15%, while TLT has yielded a comparatively lower -2.17% annualized return.
CORN
- 1D
- 0.40%
- 1M
- 4.46%
- 6M
- 2.33%
- YTD
- -1.02%
- 1Y
- 1.62%
- 3Y*
- -8.83%
- 5Y*
- -3.05%
- 10Y*
- -1.15%
TLT
- 1D
- -0.59%
- 1M
- -1.74%
- 6M
- -2.05%
- YTD
- -1.48%
- 1Y
- 2.34%
- 3Y*
- -2.07%
- 5Y*
- -7.47%
- 10Y*
- -2.17%
CORN vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | -1.02% | -5.54% | -12.98% | -19.90% | 25.02% | 38.25% | 5.27% | -7.79% | -4.28% | -10.38% |
TLT iShares 20+ Year Treasury Bond ETF | -1.48% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between CORN and TLT is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2010 | -0.07 |
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Return for Risk
CORN vs. TLT — Risk / Return Rank
CORN
TLT
CORN vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.31 | -0.19 |
| Martin ratioReturn relative to average drawdown | 0.35 | 0.72 | -0.38 |
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Drawdowns
CORN vs. TLT - Drawdown Comparison
The maximum CORN drawdown since its inception was -78.09%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CORN and TLT.
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Drawdown Indicators
| CORN | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.09% | -48.35% | -29.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -7.58% | -6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -34.56% | -18.88% | -15.68% |
Max Drawdown (5Y)Largest decline over 5 years | -45.19% | -43.70% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -48.35% | +3.16% |
Current DrawdownCurrent decline from peak | -66.68% | -41.16% | -25.52% |
Average DrawdownAverage peak-to-trough decline | -51.18% | -13.93% | -37.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 3.25% | +1.45% |
Volatility
CORN vs. TLT - Volatility Comparison
Teucrium Corn Fund (CORN) has a higher volatility of 6.59% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.92%. This indicates that CORN's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORN | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 2.92% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 6.83% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.62% | 9.40% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 15.80% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 14.84% | +4.46% |
CORN vs. TLT - Expense Ratio Comparison
CORN has a 2.19% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
CORN vs. TLT - Dividend Comparison
CORN has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.65%.
| 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.65% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
CORN and TLT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORN has higher volatility (6.59%) compared to TLT (2.92%). In terms of maximum drawdown, CORN dropped -78.09% vs TLT's -48.35%.
On 10-year performance, CORN leads with -1.15% vs -2.17% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CORN has performed better with a -1.15% return vs -2.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 2.19% for CORN.
TLT has the higher dividend yield at 4.65%, compared with 0.00% for CORN.
CORN is categorized as Agricultural Commodities, while TLT is Government Bonds. CORN tracks Teucrium Corn Fund Benchmark, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Teucrium and iShares. Their fees differ too: 2.19% for CORN and 0.15% for TLT.
TLT currently has the higher Sharpe Ratio (0.25 vs 0.10), 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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