CXRN vs. MUB
CXRN (Teucrium 2x Daily Corn ETF) and MUB (iShares National AMT-Free Muni Bond ETF) are both exchange-traded funds - CXRN is a Leveraged Commodities fund actively managed by Teucrium, while MUB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. CXRN is actively managed, while MUB is passively managed. Over the past year, CXRN returned -27.23% vs 6.40% for MUB. At a correlation of -0.12, they often move in opposite directions. CXRN charges 0.95%/yr vs 0.07%/yr for MUB.
Performance
CXRN vs. MUB - Performance Comparison
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Returns By Period
In the year-to-date period, CXRN achieves a -21.39% return, which is significantly lower than MUB's 1.48% return.
CXRN
- 1D
- -0.21%
- 1M
- -21.84%
- YTD
- -21.39%
- 6M
- -23.62%
- 1Y
- -27.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUB
- 1D
- -0.06%
- 1M
- 1.29%
- YTD
- 1.48%
- 6M
- 1.78%
- 1Y
- 6.40%
- 3Y*
- 3.19%
- 5Y*
- 0.93%
- 10Y*
- 1.90%
CXRN vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CXRN Teucrium 2x Daily Corn ETF | -21.39% | -25.68% | 7.40% |
MUB iShares National AMT-Free Muni Bond ETF | 1.48% | 3.78% | -0.73% |
Correlation
The correlation between CXRN and MUB is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.12 |
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Return for Risk
CXRN vs. MUB — Risk / Return Rank
CXRN
MUB
CXRN vs. MUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Corn ETF (CXRN) and iShares National AMT-Free Muni Bond ETF (MUB). 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 | MUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.46 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.31 | -3.25 |
| Martin ratioReturn relative to average drawdown | -2.21 | 8.02 | -10.23 |
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Drawdowns
CXRN vs. MUB - Drawdown Comparison
The maximum CXRN drawdown since its inception was -51.11%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for CXRN and MUB.
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Drawdown Indicators
| CXRN | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.11% | -13.68% | -37.43% |
Max Drawdown (1Y)Largest decline over 1 year | -28.97% | -2.79% | -26.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -51.11% | -0.47% | -50.64% |
Average DrawdownAverage peak-to-trough decline | -30.67% | -2.23% | -28.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.34% | 0.80% | +11.54% |
Volatility
CXRN vs. MUB - Volatility Comparison
Teucrium 2x Daily Corn ETF (CXRN) has a higher volatility of 9.67% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 0.77%. This indicates that CXRN's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXRN | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 0.77% | +8.90% |
Volatility (6M)Calculated over the trailing 6-month period | 27.05% | 2.27% | +24.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.39% | 2.88% | +33.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.73% | 4.07% | +32.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.73% | 4.92% | +31.81% |
CXRN vs. MUB - Expense Ratio Comparison
CXRN has a 0.95% expense ratio, which is higher than MUB's 0.07% expense ratio.
Dividends
CXRN vs. MUB - Dividend Comparison
CXRN's dividend yield for the trailing twelve months is around 2.87%, less than MUB's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXRN Teucrium 2x Daily Corn ETF | 2.87% | 3.30% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.17% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
Frequently Asked Questions
CXRN and MUB have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXRN has higher volatility (9.67%) compared to MUB (0.77%). In terms of maximum drawdown, CXRN dropped -51.11% vs MUB's -13.68%.
On 1-year performance, MUB leads with 6.40% vs -27.23% for CXRN. On fees, MUB is cheaper at 0.07% per year. On volatility, MUB has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUB has performed better with a 6.40% return vs -27.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUB is cheaper with a 0.07% expense ratio, compared with 0.95% for CXRN.
MUB has the higher dividend yield at 3.17%, compared with 2.87% for CXRN.
CXRN is categorized as Leveraged Commodities, while MUB is Municipal Bonds. They also come from different issuers: Teucrium and iShares. Their fees differ too: 0.95% for CXRN and 0.07% for MUB.
MUB currently has the higher Sharpe Ratio (2.23 vs -0.76), 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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