CORN vs. WEAT

Last updated Jul 12, 2026

CORN (Teucrium Corn Fund) and WEAT (Teucrium Wheat Fund) are both Agricultural Commodities funds from Teucrium - CORN tracks the Teucrium Corn Fund Benchmark while WEAT tracks the Teucrium Wheat Index (TWEAT). Both are passively managed. Over the past 10 years, CORN returned -1.25%/yr vs -5.23%/yr for WEAT. A 0.63 correlation means they provide meaningful diversification when combined. CORN charges 2.19%/yr vs 1.91%/yr for WEAT.

Performance

CORN vs. WEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Corn Fund (CORN) and Teucrium Wheat Fund (WEAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORN achieves a -1.41% return, which is significantly lower than WEAT's 18.78% return. Over the past 10 years, CORN has outperformed WEAT with an annualized return of -1.25%, while WEAT has yielded a comparatively lower -5.23% annualized return.

CORN

• 1D: 1.33%
• 1M: 4.05%
• 6M: -2.29%
• YTD: -1.41%
• 1Y: 1.22%
• 3Y*: -8.14%
• 5Y*: -1.79%
• 10Y*: -1.25%

WEAT

• 1D: 2.91%
• 1M: 6.18%
• 6M: 16.62%
• YTD: 18.78%
• 1Y: 5.42%
• 3Y*: -10.15%
• 5Y*: -5.12%
• 10Y*: -5.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CORN vs. WEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CORN Teucrium Corn Fund	-1.41%	-5.54%	-12.98%	-19.90%	25.02%	38.25%	5.27%	-7.79%	-4.28%	-10.38%
WEAT Teucrium Wheat Fund	18.78%	-17.14%	-19.26%	-25.19%	7.98%	19.39%	5.81%	-1.35%	-1.17%	-12.79%

Correlation

The correlation between CORN and WEAT is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011	0.63

The correlation between CORN and WEAT shifts across timeframes, from 0.62 (10 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CORN vs. WEAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CORN

CORN Risk / Return Rank: 10
CORN Sharpe Ratio Rank: 10
CORN Sortino Ratio Rank: 9
CORN Omega Ratio Rank: 9
CORN Calmar Ratio Rank: 10
CORN Martin Ratio Rank: 10

WEAT

WEAT Risk / Return Rank: 12
WEAT Sharpe Ratio Rank: 12
WEAT Sortino Ratio Rank: 12
WEAT Omega Ratio Rank: 12
WEAT Calmar Ratio Rank: 13
WEAT Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CORN vs. WEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Corn Fund (CORN) and Teucrium Wheat Fund (WEAT). 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	WEAT	Difference
Sharpe ratio: Return per unit of total volatility	0.03	0.16	-0.13
Sortino ratio: Return per unit of downside risk	0.15	0.43	-0.28
Omega ratio: Gain probability vs. loss probability	1.02	1.05	-0.03
Calmar ratio: Return relative to maximum drawdown	0.04	0.25	-0.21
Martin ratio: Return relative to average drawdown	0.11	0.48	-0.37

CORN vs. WEAT - Sharpe Ratio Comparison

The current CORN Sharpe Ratio is 0.03, which is lower than the WEAT Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of CORN and WEAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CORN vs. WEAT - Drawdown Comparison

The maximum CORN drawdown since its inception was -78.09%, smaller than the maximum WEAT drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for CORN and WEAT.

Drawdown Indicators

	CORN	WEAT	Difference
Max Drawdown Largest peak-to-trough decline	-78.09%	-84.32%	+6.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.86%	-14.44%	+0.58%
Max Drawdown (3Y) Largest decline over 3 years	-34.56%	-46.27%	+11.71%
Max Drawdown (5Y) Largest decline over 5 years	-45.19%	-67.83%	+22.64%
Max Drawdown (10Y) Largest decline over 10 years	-45.19%	-67.83%	+22.64%
Current Drawdown Current decline from peak	-66.81%	-81.29%	+14.48%
Average Drawdown Average peak-to-trough decline	-51.17%	-63.23%	+12.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	8.21%	-3.54%

Volatility

CORN vs. WEAT - Volatility Comparison

Teucrium Corn Fund (CORN) and Teucrium Wheat Fund (WEAT) have volatilities of 6.58% and 6.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CORN	WEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	6.35%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	12.85%	18.74%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	21.95%	-6.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	30.33%	-11.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	26.77%	-7.46%

CORN vs. WEAT - Expense Ratio Comparison

CORN has a 2.19% expense ratio, which is higher than WEAT's 1.91% expense ratio.

Dividends

CORN vs. WEAT - Dividend Comparison

Neither CORN nor WEAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CORN and WEAT in my portfolio?

CORN and WEAT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORN or WEAT?

CORN has higher volatility (6.58%) compared to WEAT (6.35%). In terms of maximum drawdown, CORN dropped -78.09% vs WEAT's -84.32%.

Which ETF is better, CORN or WEAT?

On 10-year performance, CORN leads with -1.25% vs -5.23% for WEAT. On fees, WEAT is cheaper at 1.91% per year. On volatility, WEAT has been the lower-risk option at 6.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CORN or WEAT?

Over the 10-year period, CORN has performed better with a -1.25% return vs -5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CORN or WEAT?

WEAT is cheaper with a 1.91% expense ratio, compared with 2.19% for CORN.

Which ETF pays a higher dividend yield, CORN or WEAT?

CORN and WEAT have nearly identical dividend yields, around 0.00%.

What is the main difference between CORN and WEAT?

CORN tracks Teucrium Corn Fund Benchmark, while WEAT tracks Teucrium Wheat Index (TWEAT). Their fees differ too: 2.19% for CORN and 1.91% for WEAT.

Which has better risk-adjusted returns?

WEAT currently has the higher Sharpe Ratio (0.16 vs 0.03), 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.