CXRN vs. HYGW
CXRN (Teucrium 2x Daily Corn ETF) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both exchange-traded funds - CXRN is a Leveraged Commodities fund actively managed by Teucrium, while HYGW is a High Yield Bonds fund tracking the Cboe HYG BuyWrite Index. CXRN is actively managed, while HYGW is passively managed. Over the past year, CXRN returned -10.34% vs 5.96% for HYGW. At a correlation of -0.19, they often move in opposite directions. CXRN charges 0.95%/yr vs 0.69%/yr for HYGW.
Performance
CXRN vs. HYGW - Performance Comparison
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Returns By Period
In the year-to-date period, CXRN achieves a -12.91% return, which is significantly lower than HYGW's 2.11% return.
CXRN
- 1D
- 0.56%
- 1M
- 8.98%
- 6M
- -4.70%
- YTD
- -12.91%
- 1Y
- -10.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGW
- 1D
- -0.38%
- 1M
- 0.20%
- 6M
- 1.70%
- YTD
- 2.11%
- 1Y
- 5.96%
- 3Y*
- 5.32%
- 5Y*
- —
- 10Y*
- —
CXRN vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CXRN Teucrium 2x Daily Corn ETF | -12.91% | -25.68% | 7.40% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 2.11% | 6.19% | -0.73% |
Correlation
The correlation between CXRN and HYGW is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.19 |
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Return for Risk
CXRN vs. HYGW — Risk / Return Rank
CXRN
HYGW
CXRN vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Corn ETF (CXRN) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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 | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.29 | -3.62 |
| Martin ratioReturn relative to average drawdown | -0.90 | 14.98 | -15.88 |
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Drawdowns
CXRN vs. HYGW - Drawdown Comparison
The maximum CXRN drawdown since its inception was -53.17%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for CXRN and HYGW.
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Drawdown Indicators
| CXRN | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.17% | -5.49% | -47.68% |
Max Drawdown (1Y)Largest decline over 1 year | -31.96% | -1.82% | -30.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.66% | — |
Current DrawdownCurrent decline from peak | -45.84% | -0.38% | -45.46% |
Average DrawdownAverage peak-to-trough decline | -31.28% | -0.60% | -30.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.49% | 0.40% | +11.09% |
Volatility
CXRN vs. HYGW - Volatility Comparison
Teucrium 2x Daily Corn ETF (CXRN) has a higher volatility of 15.36% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.74%. This indicates that CXRN's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXRN | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 0.74% | +14.62% |
Volatility (6M)Calculated over the trailing 6-month period | 29.82% | 2.27% | +27.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.85% | 2.88% | +33.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.77% | 4.64% | +33.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.77% | 4.64% | +33.13% |
CXRN vs. HYGW - Expense Ratio Comparison
CXRN has a 0.95% expense ratio, which is higher than HYGW's 0.69% expense ratio.
Dividends
CXRN vs. HYGW - Dividend Comparison
CXRN's dividend yield for the trailing twelve months is around 2.47%, less than HYGW's 10.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CXRN Teucrium 2x Daily Corn ETF | 2.47% | 3.30% | 0.13% | 0.00% | 0.00% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 10.73% | 12.53% | 12.30% | 15.98% | 8.71% |
Frequently Asked Questions
CXRN and HYGW have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXRN has higher volatility (15.36%) compared to HYGW (0.74%). In terms of maximum drawdown, CXRN dropped -53.17% vs HYGW's -5.49%.
On 1-year performance, HYGW leads with 5.96% vs -10.34% for CXRN. On fees, HYGW is cheaper at 0.69% per year. On volatility, HYGW has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGW has performed better with a 5.96% return vs -10.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYGW is cheaper with a 0.69% expense ratio, compared with 0.95% for CXRN.
HYGW has the higher dividend yield at 10.73%, compared with 2.47% for CXRN.
CXRN is categorized as Leveraged Commodities, while HYGW is High Yield Bonds. They also come from different issuers: Teucrium and iShares. Their fees differ too: 0.95% for CXRN and 0.69% for HYGW.
HYGW currently has the higher Sharpe Ratio (2.08 vs -0.28), 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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