GLCR vs. CXRN

Last updated Jul 14, 2026

GLCR (GlacierShares Nasdaq Iceland ETF) and CXRN (Teucrium 2x Daily Corn ETF) are both exchange-traded funds - GLCR is a Europe Equities fund tracking the MarketVector Iceland Global Total Return Net Index, while CXRN is a Leveraged Commodities fund actively managed by Teucrium. GLCR is passively managed, while CXRN is actively managed. Over the past year, GLCR returned -8.38% vs -10.34% for CXRN. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

GLCR vs. CXRN - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GLCR having a -12.80% return and CXRN slightly lower at -12.91%.

GLCR

• 1D: -0.51%
• 1M: -2.10%
• 6M: -14.86%
• YTD: -12.80%
• 1Y: -8.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CXRN

• 1D: 0.56%
• 1M: 8.98%
• 6M: -4.70%
• YTD: -12.91%
• 1Y: -10.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLCR vs. CXRN - Yearly Performance Comparison

	2026 (YTD)	2025
GLCR GlacierShares Nasdaq Iceland ETF	-12.80%	7.26%
CXRN Teucrium 2x Daily Corn ETF	-12.91%	-18.82%

Correlation

The correlation between GLCR and CXRN is -0.04, 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	-0.04
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.05

Return for Risk

GLCR vs. CXRN — Risk / Return Rank

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

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

CXRN

CXRN Risk / Return Rank: 6
CXRN Sharpe Ratio Rank: 7
CXRN Sortino Ratio Rank: 7
CXRN Omega Ratio Rank: 7
CXRN Calmar Ratio Rank: 6
CXRN Martin Ratio Rank: 5

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.

GLCR vs. CXRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GlacierShares Nasdaq Iceland ETF (GLCR) and Teucrium 2x Daily Corn ETF (CXRN). 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.

	GLCR	CXRN	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	-0.28	-0.22
Sortino ratio: Return per unit of downside risk	-0.57	-0.16	-0.42
Omega ratio: Gain probability vs. loss probability	0.93	0.98	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.44	-0.32	-0.11
Martin ratio: Return relative to average drawdown	-1.01	-0.90	-0.11

GLCR vs. CXRN - Sharpe Ratio Comparison

The current GLCR Sharpe Ratio is -0.50, which is lower than the CXRN Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of GLCR and CXRN, 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

GLCR vs. CXRN - Drawdown Comparison

The maximum GLCR drawdown since its inception was -19.29%, smaller than the maximum CXRN drawdown of -53.17%. Use the drawdown chart below to compare losses from any high point for GLCR and CXRN.

Drawdown Indicators

	GLCR	CXRN	Difference
Max Drawdown Largest peak-to-trough decline	-19.29%	-53.17%	+33.88%
Max Drawdown (1Y) Largest decline over 1 year	-19.29%	-31.96%	+12.67%
Current Drawdown Current decline from peak	-18.93%	-45.84%	+26.91%
Average Drawdown Average peak-to-trough decline	-5.69%	-31.28%	+25.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.33%	11.49%	-3.16%

Volatility

GLCR vs. CXRN - Volatility Comparison

The current volatility for GlacierShares Nasdaq Iceland ETF (GLCR) is 3.67%, while Teucrium 2x Daily Corn ETF (CXRN) has a volatility of 15.36%. This indicates that GLCR experiences smaller price fluctuations and is considered to be less risky than CXRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCR	CXRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	15.36%	-11.69%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	29.82%	-16.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	36.85%	-20.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	37.77%	-19.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	37.77%	-19.45%

GLCR vs. CXRN - Expense Ratio Comparison

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

Dividends

GLCR vs. CXRN - Dividend Comparison

GLCR's dividend yield for the trailing twelve months is around 1.11%, less than CXRN's 2.47% yield.

Position	TTM	2025	2024
CXRN Teucrium 2x Daily Corn ETF	2.47%	3.30%	0.13%
GLCR GlacierShares Nasdaq Iceland ETF	1.11%	0.97%	0.00%

Frequently Asked Questions

Can I hold both GLCR and CXRN in my portfolio?

GLCR and CXRN have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLCR or CXRN?

CXRN has higher volatility (15.36%) compared to GLCR (3.67%). In terms of maximum drawdown, GLCR dropped -19.29% vs CXRN's -53.17%.

Which ETF is better, GLCR or CXRN?

On 1-year performance, GLCR leads with -8.38% vs -10.34% for CXRN. Both ETFs have the same 0.95% expense ratio. On volatility, GLCR has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLCR or CXRN?

Over the 1-year period, GLCR has performed better with a -8.38% return vs -10.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLCR or CXRN?

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

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

CXRN has the higher dividend yield at 2.47%, compared with 1.11% for GLCR.

What is the main difference between GLCR and CXRN?

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

Which has better risk-adjusted returns?

CXRN currently has the higher Sharpe Ratio (-0.28 vs -0.50), 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.