CXRN vs. TAXM
CXRN (Teucrium 2x Daily Corn ETF) and TAXM (BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents) are both exchange-traded funds - CXRN is a Leveraged Commodities fund actively managed by Teucrium, while TAXM is a Municipal Bonds fund actively managed by BondBloxx. Both are actively managed. Over the past year, CXRN returned -27.23% vs 5.91% for TAXM. At a correlation of -0.16, they often move in opposite directions. CXRN charges 0.95%/yr vs 0.35%/yr for TAXM.
Performance
CXRN vs. TAXM - 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 TAXM's 1.31% return.
CXRN
- 1D
- -0.21%
- 1M
- -21.84%
- YTD
- -21.39%
- 6M
- -23.62%
- 1Y
- -27.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TAXM
- 1D
- -0.12%
- 1M
- 1.14%
- YTD
- 1.31%
- 6M
- 1.47%
- 1Y
- 5.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CXRN vs. TAXM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CXRN Teucrium 2x Daily Corn ETF | -21.39% | -22.32% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 1.31% | 3.90% |
Correlation
The correlation between CXRN and TAXM is -0.23, 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 | -0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | -0.16 |
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Return for Risk
CXRN vs. TAXM — Risk / Return Rank
CXRN
TAXM
CXRN vs. TAXM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Daily Corn ETF (CXRN) and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM). 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 | TAXM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.19 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.46 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.20 | -3.14 |
| Martin ratioReturn relative to average drawdown | -2.21 | 7.51 | -9.73 |
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Drawdowns
CXRN vs. TAXM - Drawdown Comparison
The maximum CXRN drawdown since its inception was -51.11%, which is greater than TAXM's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for CXRN and TAXM.
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Drawdown Indicators
| CXRN | TAXM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.11% | -3.10% | -48.01% |
Max Drawdown (1Y)Largest decline over 1 year | -28.97% | -2.70% | -26.27% |
Current DrawdownCurrent decline from peak | -51.11% | -0.67% | -50.44% |
Average DrawdownAverage peak-to-trough decline | -30.67% | -0.71% | -29.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.34% | 0.79% | +11.55% |
Volatility
CXRN vs. TAXM - Volatility Comparison
Teucrium 2x Daily Corn ETF (CXRN) has a higher volatility of 9.67% compared to BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) at 0.69%. This indicates that CXRN's price experiences larger fluctuations and is considered to be riskier than TAXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXRN | TAXM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 0.69% | +8.98% |
Volatility (6M)Calculated over the trailing 6-month period | 27.05% | 2.08% | +24.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.39% | 2.66% | +33.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.73% | 3.51% | +33.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.73% | 3.51% | +33.22% |
CXRN vs. TAXM - Expense Ratio Comparison
CXRN has a 0.95% expense ratio, which is higher than TAXM's 0.35% expense ratio.
Dividends
CXRN vs. TAXM - Dividend Comparison
CXRN's dividend yield for the trailing twelve months is around 2.87%, less than TAXM's 3.28% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CXRN Teucrium 2x Daily Corn ETF | 2.87% | 3.30% | 0.13% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 3.28% | 2.75% | 0.00% |
Frequently Asked Questions
CXRN and TAXM have a correlation of -0.23, 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 TAXM (0.69%). In terms of maximum drawdown, CXRN dropped -51.11% vs TAXM's -3.10%.
On 1-year performance, TAXM leads with 5.91% vs -27.23% for CXRN. On fees, TAXM is cheaper at 0.35% per year. On volatility, TAXM has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TAXM has performed better with a 5.91% return vs -27.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAXM is cheaper with a 0.35% expense ratio, compared with 0.95% for CXRN.
TAXM has the higher dividend yield at 3.28%, compared with 2.87% for CXRN.
CXRN is categorized as Leveraged Commodities, while TAXM is Municipal Bonds. They also come from different issuers: Teucrium and BondBloxx. Their fees differ too: 0.95% for CXRN and 0.35% for TAXM.
TAXM currently has the higher Sharpe Ratio (2.24 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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