CXRN vs. SCO

Last updated Jun 23, 2026

CXRN (Teucrium 2x Daily Corn ETF) and SCO (ProShares UltraShort Bloomberg Crude Oil) are both exchange-traded funds - CXRN is a Leveraged Commodities fund actively managed by Teucrium, while SCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). CXRN is actively managed, while SCO is passively managed. Over the past year, CXRN returned -30.05% vs -44.99% for SCO. At a correlation of -0.12, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

CXRN vs. SCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Daily Corn ETF (CXRN) and ProShares UltraShort Bloomberg Crude Oil (SCO). 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 SCO's -58.29% return.

CXRN

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

SCO

• 1D: 2.76%
• 1M: 28.62%
• YTD: -58.29%
• 6M: -57.59%
• 1Y: -44.99%
• 3Y*: -32.52%
• 5Y*: -38.26%
• 10Y*: -37.19%

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

CXRN vs. SCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CXRN Teucrium 2x Daily Corn ETF	-21.22%	-25.68%	7.40%
SCO ProShares UltraShort Bloomberg Crude Oil	-58.29%	15.90%	-3.75%

Correlation

The correlation between CXRN and SCO is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	-0.12

Return for Risk

CXRN vs. SCO — 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

SCO

SCO Risk / Return Rank: 3
SCO Sharpe Ratio Rank: 3
SCO Sortino Ratio Rank: 3
SCO Omega Ratio Rank: 3
SCO Calmar Ratio Rank: 4
SCO Martin Ratio Rank: 3

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. SCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Corn ETF (CXRN) and ProShares UltraShort Bloomberg Crude Oil (SCO). 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	SCO	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	-0.79	-0.04
Sortino ratio: Return per unit of downside risk	-1.05	-1.08	+0.03
Omega ratio: Gain probability vs. loss probability	0.88	0.88	-0.01
Calmar ratio: Return relative to maximum drawdown	-1.05	-0.62	-0.42
Martin ratio: Return relative to average drawdown	-2.47	-1.22	-1.24

CXRN vs. SCO - Sharpe Ratio Comparison

The current CXRN Sharpe Ratio is -0.83, which is comparable to the SCO Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of CXRN and SCO, 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. SCO - Drawdown Comparison

The maximum CXRN drawdown since its inception was -51.01%, smaller than the maximum SCO drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for CXRN and SCO.

Drawdown Indicators

	CXRN	SCO	Difference
Max Drawdown Largest peak-to-trough decline	-51.01%	-99.80%	+48.79%
Max Drawdown (1Y) Largest decline over 1 year	-28.83%	-72.24%	+43.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-78.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.51%	—
Current Drawdown Current decline from peak	-51.01%	-99.72%	+48.71%
Average Drawdown Average peak-to-trough decline	-30.62%	-85.19%	+54.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.92%	36.81%	-22.89%

Volatility

CXRN vs. SCO - Volatility Comparison

The current volatility for Teucrium 2x Daily Corn ETF (CXRN) is 9.62%, while ProShares UltraShort Bloomberg Crude Oil (SCO) has a volatility of 15.97%. This indicates that CXRN experiences smaller price fluctuations and is considered to be less risky than SCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXRN	SCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.62%	15.97%	-6.35%
Volatility (6M) Calculated over the trailing 6-month period	27.09%	47.16%	-20.07%
Volatility (1Y) Calculated over the trailing 1-year period	36.47%	57.21%	-20.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.78%	60.04%	-23.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.78%	71.95%	-35.17%

CXRN vs. SCO - Expense Ratio Comparison

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

Dividends

CXRN vs. SCO - Dividend Comparison

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

Position	TTM	2025	2024
CXRN Teucrium 2x Daily Corn ETF	2.87%	3.30%	0.13%
SCO ProShares UltraShort Bloomberg Crude Oil	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CXRN and SCO in my portfolio?

CXRN and SCO have a correlation of -0.19, 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 SCO?

SCO has higher volatility (15.97%) compared to CXRN (9.62%). In terms of maximum drawdown, CXRN dropped -51.01% vs SCO's -99.80%.

Which ETF is better, CXRN or SCO?

On 1-year performance, CXRN leads with -30.05% vs -44.99% for SCO. Both ETFs have the same 0.95% expense ratio. 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 SCO?

Over the 1-year period, CXRN has performed better with a -30.05% return vs -44.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CXRN or SCO?

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

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

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

What is the main difference between CXRN and SCO?

CXRN is categorized as Leveraged Commodities, while SCO is Oil & Gas. They also come from different issuers: Teucrium and ProShares.

Which has better risk-adjusted returns?

SCO currently has the higher Sharpe Ratio (-0.79 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.