CORN vs. UNG
CORN (Teucrium Corn Fund) and UNG (United States Natural Gas Fund LP) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while UNG is a Oil & Gas fund tracking the Front Month Natural Gas Futures. Both are passively managed. Over the past 10 years, CORN returned -0.54%/yr vs -22.61%/yr for UNG. Their 0.11 correlation means their historical movements had little consistent relationship. CORN charges 2.19%/yr vs 1.17%/yr for UNG.
Performance
CORN vs. UNG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CORN achieves a -0.45% return, which is significantly higher than UNG's -17.94% return. Over the past 10 years, CORN has outperformed UNG with an annualized return of -0.54%, while UNG has yielded a comparatively lower -22.61% annualized return.
CORN
- 1D
- -0.62%
- 1M
- 4.69%
- 6M
- 0.97%
- YTD
- -0.45%
- 1Y
- 2.80%
- 3Y*
- -8.35%
- 5Y*
- -2.59%
- 10Y*
- -0.54%
- ALL TIME*
- -2.16%
UNG
- 1D
- 0.50%
- 1M
- -13.13%
- 6M
- -40.47%
- YTD
- -17.94%
- 1Y
- -26.14%
- 3Y*
- -28.64%
- 5Y*
- -28.82%
- 10Y*
- -22.61%
- ALL TIME*
- -28.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.63M | $5.32M | $8.06M | |
| $82.18M | $81.43M | $85.25M |
CORN vs. UNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | -0.45% | -5.54% | -12.98% | -19.90% | 25.02% | 38.25% | 5.27% | -7.79% | -4.28% | -10.38% |
UNG United States Natural Gas Fund LP | -17.94% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
Correlation
The correlation between CORN and UNG is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2010 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CORN vs. UNG — Risk / Return Rank
CORN
UNG
CORN vs. UNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and United States Natural Gas Fund LP (UNG). 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 | UNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.96 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.62 | +0.78 |
| Martin ratioReturn relative to average drawdown | 0.47 | -1.04 | +1.50 |
Loading charts...
Drawdowns
CORN vs. UNG - Drawdown Comparison
The maximum CORN drawdown since its inception was -78.09%, smaller than the maximum UNG drawdown of -99.88%. Use the drawdown chart below to compare losses from any high point for CORN and UNG.
Loading charts...
Drawdown Indicators
| CORN | UNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.09% | -99.88% | +21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -42.01% | +28.15% |
Max Drawdown (3Y)Largest decline over 3 years | -28.70% | -69.26% | +40.56% |
Max Drawdown (5Y)Largest decline over 5 years | -45.19% | -92.75% | +47.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.19% | -93.77% | +48.58% |
Current DrawdownCurrent decline from peak | -66.49% | -99.88% | +33.39% |
Average DrawdownAverage peak-to-trough decline | -51.23% | -90.02% | +38.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 25.13% | -20.34% |
Volatility
CORN vs. UNG - Volatility Comparison
The current volatility for Teucrium Corn Fund (CORN) is 5.91%, while United States Natural Gas Fund LP (UNG) has a volatility of 10.03%. This indicates that CORN experiences smaller price fluctuations and is considered to be less risky than UNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CORN | UNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 10.03% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 42.08% | -29.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 59.01% | -43.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 64.14% | -44.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 54.70% | -35.43% |
CORN vs. UNG - Expense Ratio Comparison
CORN has a 2.19% expense ratio, which is higher than UNG's 1.17% expense ratio.
Dividends
CORN vs. UNG - Dividend Comparison
Neither CORN nor UNG has paid dividends to shareholders.
Frequently Asked Questions
CORN and UNG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (10.03%) compared to CORN (5.91%). In terms of maximum drawdown, CORN dropped -78.09% vs UNG's -99.88%.
On 10-year performance, CORN leads with -0.54% vs -22.61% for UNG. On fees, UNG is cheaper at 1.17% per year. On volatility, CORN has been the lower-risk option at 5.91%. 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 -0.54% return vs -22.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNG is cheaper with a 1.17% expense ratio, compared with 2.19% for CORN.
CORN and UNG have nearly identical dividend yields, around 0.00%.
CORN is categorized as Agricultural Commodities, while UNG is Oil & Gas. CORN tracks Teucrium Corn Fund Benchmark, while UNG tracks Front Month Natural Gas Futures. They also come from different issuers: Teucrium and USCF. Their fees differ too: 2.19% for CORN and 1.17% for UNG.
CORN currently has the higher Sharpe Ratio (0.14 vs -0.44), 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.
Find the right allocation for CORN and UNG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer