CORN vs. USO
CORN (Teucrium Corn Fund) and USO (United States Oil Fund LP) are both exchange-traded funds - CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 10 years, CORN returned -2.61%/yr vs 4.07%/yr for USO. At a 0.15 correlation, their price movements are largely independent. CORN charges 2.19%/yr vs 0.86%/yr for USO.
Performance
CORN vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, CORN achieves a -1.47% return, which is significantly lower than USO's 103.67% return. Over the past 10 years, CORN has underperformed USO with an annualized return of -2.61%, while USO has yielded a comparatively higher 4.07% annualized return.
CORN
- 1D
- -1.36%
- 1M
- -8.63%
- YTD
- -1.47%
- 6M
- -1.91%
- 1Y
- -4.06%
- 3Y*
- -9.83%
- 5Y*
- -3.99%
- 10Y*
- -2.61%
USO
- 1D
- 2.62%
- 1M
- -4.57%
- YTD
- 103.67%
- 6M
- 99.35%
- 1Y
- 101.55%
- 3Y*
- 29.98%
- 5Y*
- 24.41%
- 10Y*
- 4.07%
CORN vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORN Teucrium Corn Fund | -1.47% | -5.54% | -12.98% | -19.90% | 25.02% | 38.25% | 5.27% | -7.79% | -4.28% | -10.38% |
USO United States Oil Fund LP | 103.67% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between CORN and USO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2010 | 0.15 |
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Return for Risk
CORN vs. USO — Risk / Return Rank
CORN
USO
CORN vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and United States Oil Fund LP (USO). 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.
| CORN | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.38 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 5.01 | -5.40 |
| Martin ratioReturn relative to average drawdown | -0.79 | 9.42 | -10.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CORN | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 2.31 | -2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.68 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.10 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.18 | +0.08 |
Drawdowns
CORN vs. USO - Drawdown Comparison
The maximum CORN drawdown since its inception was -78.09%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CORN and USO.
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Drawdown Indicators
| CORN | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.09% | -98.19% | +20.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -20.39% | +10.13% |
Max Drawdown (3Y)Largest decline over 3 years | -38.57% | -26.05% | -12.52% |
Max Drawdown (5Y)Largest decline over 5 years | -44.39% | -36.23% | -8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -51.10% | -86.75% | +35.65% |
Current DrawdownCurrent decline from peak | -66.83% | -85.01% | +18.18% |
Average DrawdownAverage peak-to-trough decline | -51.08% | -75.30% | +24.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 10.82% | -5.64% |
Volatility
CORN vs. USO - Volatility Comparison
The current volatility for Teucrium Corn Fund (CORN) is 6.42%, while United States Oil Fund LP (USO) has a volatility of 14.87%. This indicates that CORN experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORN | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 14.87% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.50% | 38.23% | -26.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 44.20% | -28.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.21% | 36.06% | -15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 39.00% | -19.60% |
CORN vs. USO - Expense Ratio Comparison
CORN has a 2.19% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
CORN vs. USO - Dividend Comparison
Neither CORN nor USO has paid dividends to shareholders.
Frequently Asked Questions
CORN and USO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.87%) compared to CORN (6.42%). In terms of maximum drawdown, CORN dropped -78.09% vs USO's -98.19%.
On 10-year performance, USO leads with 4.07% vs -2.61% for CORN. On fees, USO is cheaper at 0.86% per year. On volatility, CORN has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USO has performed better with a 4.07% return vs -2.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USO is cheaper with a 0.86% expense ratio, compared with 2.19% for CORN.
CORN and USO have nearly identical dividend yields, around 0.00%.
CORN is categorized as Agricultural Commodities, while USO is Oil & Gas. CORN tracks Teucrium Corn Fund Benchmark, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Teucrium and USCF. Their fees differ too: 2.19% for CORN and 0.86% for USO.
USO currently has the higher Sharpe Ratio (2.31 vs -0.27), 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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