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. Both are passively managed. Over the past 10 years, CORN returned -3.32%/yr vs -21.38%/yr for UNG. At a 0.11 correlation, their price movements are largely independent. CORN charges 2.19%/yr vs 1.28%/yr for UNG.
Performance
CORN vs. UNG - Performance Comparison
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Returns By Period
In the year-to-date period, CORN achieves a -5.25% return, which is significantly higher than UNG's -7.42% return. Over the past 10 years, CORN has outperformed UNG with an annualized return of -3.32%, while UNG has yielded a comparatively lower -21.38% annualized return.
CORN
- 1D
- 0.48%
- 1M
- -11.49%
- YTD
- -5.25%
- 6M
- -5.35%
- 1Y
- -8.25%
- 3Y*
- -11.42%
- 5Y*
- -5.46%
- 10Y*
- -3.32%
UNG
- 1D
- 1.70%
- 1M
- 3.37%
- YTD
- -7.42%
- 6M
- -10.84%
- 1Y
- -29.37%
- 3Y*
- -23.83%
- 5Y*
- -24.47%
- 10Y*
- -21.38%
CORN vs. UNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | -5.25% | -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 | -7.42% | -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 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2010 | 0.11 |
The correlation between CORN and UNG shifts across timeframes, from 0.09 (10 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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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 | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.95 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.67 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.75 | -0.97 | -0.78 |
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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.
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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 | -12.55% | -43.86% | +31.31% |
Max Drawdown (3Y)Largest decline over 3 years | -38.57% | -68.16% | +29.59% |
Max Drawdown (5Y)Largest decline over 5 years | -44.39% | -92.49% | +48.10% |
Max Drawdown (10Y)Largest decline over 10 years | -51.10% | -93.55% | +42.45% |
Current DrawdownCurrent decline from peak | -68.10% | -99.86% | +31.76% |
Average DrawdownAverage peak-to-trough decline | -51.10% | -89.96% | +38.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 30.28% | -25.56% |
Volatility
CORN vs. UNG - Volatility Comparison
The current volatility for Teucrium Corn Fund (CORN) is 5.93%, while United States Natural Gas Fund LP (UNG) has a volatility of 12.64%. 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.
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Volatility by Period
| CORN | UNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 12.64% | -6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 52.01% | -40.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 60.61% | -45.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 64.11% | -43.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 54.77% | -35.37% |
CORN vs. UNG - Expense Ratio Comparison
CORN has a 2.19% expense ratio, which is higher than UNG's 1.28% 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (12.64%) compared to CORN (5.93%). In terms of maximum drawdown, CORN dropped -78.09% vs UNG's -99.88%.
On 10-year performance, CORN leads with -3.32% vs -21.38% for UNG. On fees, UNG is cheaper at 1.28% per year. On volatility, CORN has been the lower-risk option at 5.93%. 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 -3.32% return vs -21.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNG is cheaper with a 1.28% 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. They also come from different issuers: Teucrium and Concierge Technologies. Their fees differ too: 2.19% for CORN and 1.28% for UNG.
UNG currently has the higher Sharpe Ratio (-0.49 vs -0.54), 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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