CXRN vs. BOIL

Last updated Jun 23, 2026

CXRN (Teucrium 2x Daily Corn ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - CXRN is a Leveraged Commodities fund actively managed by Teucrium, while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. CXRN is actively managed, while BOIL is passively managed. Over the past year, CXRN returned -30.05% vs -76.58% for BOIL. At a 0.12 correlation, their price movements are largely independent. CXRN charges 0.95%/yr vs 1.31%/yr for BOIL.

Performance

CXRN vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Corn ETF (CXRN) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CXRN achieves a -21.22% return, which is significantly higher than BOIL's -38.08% return.

CXRN

• 1D: -3.26%
• 1M: -21.67%
• YTD: -21.22%
• 6M: -23.29%
• 1Y: -30.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOIL

• 1D: 0.18%
• 1M: 11.30%
• YTD: -38.08%
• 6M: -35.19%
• 1Y: -76.58%
• 3Y*: -65.93%
• 5Y*: -65.65%
• 10Y*: -57.64%

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

CXRN vs. BOIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CXRN Teucrium 2x Daily Corn ETF	-21.22%	-25.68%	7.40%
BOIL ProShares Ultra Bloomberg Natural Gas	-38.08%	-58.98%	22.20%

Correlation

The correlation between CXRN and BOIL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.12

Return for Risk

CXRN vs. BOIL — Risk / Return Rank

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

CXRN

CXRN Risk / Return Rank: 2
CXRN Sharpe Ratio Rank: 2
CXRN Sortino Ratio Rank: 3
CXRN Omega Ratio Rank: 3
CXRN Calmar Ratio Rank: 0
CXRN Martin Ratio Rank: 0

BOIL

BOIL Risk / Return Rank: 2
BOIL Sharpe Ratio Rank: 4
BOIL Sortino Ratio Rank: 3
BOIL Omega Ratio Rank: 3
BOIL Calmar Ratio Rank: 0
BOIL Martin Ratio Rank: 2

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.

CXRN vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Corn ETF (CXRN) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.

	CXRN	BOIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	-0.68	-0.15
Sortino ratio: Return per unit of downside risk	-1.05	-0.89	-0.16
Omega ratio: Gain probability vs. loss probability	0.88	0.89	-0.01
Calmar ratio: Return relative to maximum drawdown	-1.05	-0.98	-0.06
Martin ratio: Return relative to average drawdown	-2.47	-1.35	-1.11

CXRN vs. BOIL - Sharpe Ratio Comparison

The current CXRN Sharpe Ratio is -0.83, which is comparable to the BOIL Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of CXRN and BOIL, 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

CXRN vs. BOIL - Drawdown Comparison

The maximum CXRN drawdown since its inception was -51.01%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CXRN and BOIL.

Drawdown Indicators

	CXRN	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-51.01%	-100.00%	+48.99%
Max Drawdown (1Y) Largest decline over 1 year	-28.83%	-78.06%	+49.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-96.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.99%	—
Current Drawdown Current decline from peak	-51.01%	-100.00%	+48.99%
Average Drawdown Average peak-to-trough decline	-30.62%	-93.58%	+62.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.92%	59.95%	-46.03%

Volatility

CXRN vs. BOIL - Volatility Comparison

The current volatility for Teucrium 2x Daily Corn ETF (CXRN) is 9.62%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.27%. This indicates that CXRN experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXRN	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.62%	23.27%	-13.65%
Volatility (6M) Calculated over the trailing 6-month period	27.09%	104.92%	-77.83%
Volatility (1Y) Calculated over the trailing 1-year period	36.47%	113.57%	-77.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.78%	118.96%	-82.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.78%	101.84%	-65.06%

CXRN vs. BOIL - Expense Ratio Comparison

CXRN has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.

Dividends

CXRN vs. BOIL - Dividend Comparison

CXRN's dividend yield for the trailing twelve months is around 2.87%, while BOIL has not paid dividends to shareholders.

Position	TTM	2025	2024
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%	0.00%
CXRN Teucrium 2x Daily Corn ETF	2.87%	3.30%	0.13%

Frequently Asked Questions

Can I hold both CXRN and BOIL in my portfolio?

CXRN and BOIL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CXRN or BOIL?

BOIL has higher volatility (23.27%) compared to CXRN (9.62%). In terms of maximum drawdown, CXRN dropped -51.01% vs BOIL's -100.00%.

Which ETF is better, CXRN or BOIL?

On 1-year performance, CXRN leads with -30.05% vs -76.58% for BOIL. On fees, CXRN is cheaper at 0.95% per year. On volatility, CXRN has been the lower-risk option at 9.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CXRN or BOIL?

Over the 1-year period, CXRN has performed better with a -30.05% return vs -76.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CXRN or BOIL?

CXRN is cheaper with a 0.95% expense ratio, compared with 1.31% for BOIL.

Which ETF pays a higher dividend yield, CXRN or BOIL?

CXRN has the higher dividend yield at 2.87%, compared with 0.00% for BOIL.

What is the main difference between CXRN and BOIL?

CXRN is categorized as Leveraged Commodities, while BOIL is Oil & Gas. They also come from different issuers: Teucrium and ProShares. Their fees differ too: 0.95% for CXRN and 1.31% for BOIL.

Which has better risk-adjusted returns?

BOIL currently has the higher Sharpe Ratio (-0.68 vs -0.83), 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.