CXRN vs. GLCR

Last updated Jun 25, 2026

CXRN (Teucrium 2x Daily Corn ETF) and GLCR (GlacierShares Nasdaq Iceland ETF) are both exchange-traded funds - CXRN is a Leveraged Commodities fund actively managed by Teucrium, while GLCR is a Europe Equities fund tracking the MarketVector Iceland Global Total Return Net Index. CXRN is actively managed, while GLCR is passively managed. Over the past year, CXRN returned -26.79% vs -8.02% for GLCR. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

CXRN vs. GLCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Corn ETF (CXRN) and GlacierShares Nasdaq Iceland ETF (GLCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CXRN achieves a -22.90% return, which is significantly lower than GLCR's -13.13% return.

CXRN

• 1D: -1.93%
• 1M: -23.34%
• YTD: -22.90%
• 6M: -26.17%
• 1Y: -26.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLCR

• 1D: -0.62%
• 1M: -12.16%
• YTD: -13.13%
• 6M: -12.67%
• 1Y: -8.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CXRN vs. GLCR - Yearly Performance Comparison

	2026 (YTD)	2025
CXRN Teucrium 2x Daily Corn ETF	-22.90%	-18.82%
GLCR GlacierShares Nasdaq Iceland ETF	-13.13%	7.26%

Correlation

The correlation between CXRN and GLCR is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.04

Return for Risk

CXRN vs. GLCR — Risk / Return Rank

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

CXRN

CXRN Risk / Return Rank: 3
CXRN Sharpe Ratio Rank: 3
CXRN Sortino Ratio Rank: 4
CXRN Omega Ratio Rank: 4
CXRN Calmar Ratio Rank: 1
CXRN Martin Ratio Rank: 0

GLCR

GLCR Risk / Return Rank: 5
GLCR Sharpe Ratio Rank: 5
GLCR Sortino Ratio Rank: 5
GLCR Omega Ratio Rank: 5
GLCR Calmar Ratio Rank: 6
GLCR Martin Ratio Rank: 4

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. GLCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Corn ETF (CXRN) and GlacierShares Nasdaq Iceland ETF (GLCR). 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	GLCR	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	-0.48	-0.26
Sortino ratio: Return per unit of downside risk	-0.90	-0.54	-0.36
Omega ratio: Gain probability vs. loss probability	0.89	0.93	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.89	-0.42	-0.47
Martin ratio: Return relative to average drawdown	-2.15	-1.10	-1.05

CXRN vs. GLCR - Sharpe Ratio Comparison

The current CXRN Sharpe Ratio is -0.74, which is lower than the GLCR Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of CXRN and GLCR, 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. GLCR - Drawdown Comparison

The maximum CXRN drawdown since its inception was -52.05%, which is greater than GLCR's maximum drawdown of -19.25%. Use the drawdown chart below to compare losses from any high point for CXRN and GLCR.

Drawdown Indicators

	CXRN	GLCR	Difference
Max Drawdown Largest peak-to-trough decline	-52.05%	-19.25%	-32.80%
Max Drawdown (1Y) Largest decline over 1 year	-30.34%	-19.25%	-11.09%
Current Drawdown Current decline from peak	-52.05%	-19.25%	-32.80%
Average Drawdown Average peak-to-trough decline	-30.73%	-5.19%	-25.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.47%	7.28%	+5.19%

Volatility

CXRN vs. GLCR - Volatility Comparison

Teucrium 2x Daily Corn ETF (CXRN) has a higher volatility of 9.57% compared to GlacierShares Nasdaq Iceland ETF (GLCR) at 8.06%. This indicates that CXRN's price experiences larger fluctuations and is considered to be riskier than GLCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXRN	GLCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	8.06%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	27.10%	13.37%	+13.73%
Volatility (1Y) Calculated over the trailing 1-year period	36.22%	16.73%	+19.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.71%	18.55%	+18.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.71%	18.55%	+18.16%

CXRN vs. GLCR - Expense Ratio Comparison

Both CXRN and GLCR have an expense ratio of 0.95%.

Dividends

CXRN vs. GLCR - Dividend Comparison

CXRN's dividend yield for the trailing twelve months is around 2.93%, more than GLCR's 1.12% yield.

Position	TTM	2025	2024
CXRN Teucrium 2x Daily Corn ETF	2.93%	3.30%	0.13%
GLCR GlacierShares Nasdaq Iceland ETF	1.12%	0.97%	0.00%

Frequently Asked Questions

Can I hold both CXRN and GLCR in my portfolio?

CXRN and GLCR have a correlation of -0.01, 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 GLCR?

CXRN has higher volatility (9.57%) compared to GLCR (8.06%). In terms of maximum drawdown, CXRN dropped -52.05% vs GLCR's -19.25%.

Which ETF is better, CXRN or GLCR?

On 1-year performance, GLCR leads with -8.02% vs -26.79% for CXRN. Both ETFs have the same 0.95% expense ratio. On volatility, GLCR has been the lower-risk option at 8.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CXRN or GLCR?

Over the 1-year period, GLCR has performed better with a -8.02% return vs -26.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CXRN or GLCR?

CXRN and GLCR have the same expense ratio: 0.95% per year.

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

CXRN has the higher dividend yield at 2.93%, compared with 1.12% for GLCR.

What is the main difference between CXRN and GLCR?

CXRN is categorized as Leveraged Commodities, while GLCR is Europe Equities.

Which has better risk-adjusted returns?

GLCR currently has the higher Sharpe Ratio (-0.48 vs -0.74), 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.