UNG vs. CORN
UNG (United States Natural Gas Fund LP) and CORN (Teucrium Corn Fund) are both exchange-traded funds - UNG is a Oil & Gas fund tracking the Front Month Natural Gas Futures, while CORN is a Agricultural Commodities fund tracking the Teucrium Corn Fund Benchmark. Both are passively managed. Over the past 10 years, UNG returned -22.45%/yr vs -0.60%/yr for CORN. At a 0.11 correlation, their price movements are largely independent. UNG charges 1.17%/yr vs 2.19%/yr for CORN.
Performance
UNG vs. CORN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UNG achieves a -16.07% return, which is significantly lower than CORN's 1.02% return. Over the past 10 years, UNG has underperformed CORN with an annualized return of -22.45%, while CORN has yielded a comparatively higher -0.60% annualized return.
UNG
- 1D
- -2.09%
- 1M
- -12.35%
- 6M
- -0.39%
- YTD
- -16.07%
- 1Y
- -35.08%
- 3Y*
- -29.27%
- 5Y*
- -28.40%
- 10Y*
- -22.45%
- ALL TIME*
- -28.43%
CORN
- 1D
- 0.73%
- 1M
- 5.66%
- 6M
- 4.28%
- YTD
- 1.02%
- 1Y
- 0.56%
- 3Y*
- -9.25%
- 5Y*
- -2.95%
- 10Y*
- -0.60%
- ALL TIME*
- -2.08%
UNG vs. CORN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNG United States Natural Gas Fund LP | -16.07% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
CORN Teucrium Corn Fund | 1.02% | -5.54% | -12.98% | -19.90% | 25.02% | 38.25% | 5.27% | -7.79% | -4.28% | -10.38% |
Correlation
The correlation between UNG and CORN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2010 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UNG vs. CORN — Risk / Return Rank
UNG
CORN
UNG vs. CORN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Natural Gas Fund LP (UNG) and Teucrium Corn Fund (CORN). 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.
| UNG | CORN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.02 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 0.04 | -0.92 |
| Martin ratioReturn relative to average drawdown | -1.42 | 0.12 | -1.54 |
Loading charts...
Drawdowns
UNG vs. CORN - Drawdown Comparison
The maximum UNG drawdown since its inception was -99.88%, which is greater than CORN's maximum drawdown of -78.09%. Use the drawdown chart below to compare losses from any high point for UNG and CORN.
Loading charts...
Drawdown Indicators
| UNG | CORN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -78.09% | -21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -13.86% | -26.08% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | -34.56% | -33.60% |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | -45.19% | -47.30% |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | -45.19% | -48.36% |
Current DrawdownCurrent decline from peak | -99.87% | -66.00% | -33.87% |
Average DrawdownAverage peak-to-trough decline | -90.01% | -51.20% | -38.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.99% | 4.81% | +21.18% |
Volatility
UNG vs. CORN - Volatility Comparison
United States Natural Gas Fund LP (UNG) has a higher volatility of 10.17% compared to Teucrium Corn Fund (CORN) at 6.45%. This indicates that UNG's price experiences larger fluctuations and is considered to be riskier than CORN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UNG | CORN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 6.45% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 47.34% | 12.29% | +35.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.71% | 15.66% | +44.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.17% | 19.23% | +44.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.76% | 19.27% | +35.49% |
UNG vs. CORN - Expense Ratio Comparison
UNG has a 1.17% expense ratio, which is lower than CORN's 2.19% expense ratio.
Dividends
UNG vs. CORN - Dividend Comparison
Neither UNG nor CORN has paid dividends to shareholders.
Frequently Asked Questions
UNG and CORN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (10.17%) compared to CORN (6.45%). In terms of maximum drawdown, UNG dropped -99.88% vs CORN's -78.09%.
On 10-year performance, CORN leads with -0.60% vs -22.45% for UNG. On fees, UNG is cheaper at 1.17% per year. On volatility, CORN has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CORN has performed better with a -0.60% return vs -22.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNG is cheaper with a 1.17% expense ratio, compared with 2.19% for CORN.
UNG and CORN have nearly identical dividend yields, around 0.00%.
UNG is categorized as Oil & Gas, while CORN is Agricultural Commodities. UNG tracks Front Month Natural Gas Futures, while CORN tracks Teucrium Corn Fund Benchmark. They also come from different issuers: USCF Investments and Teucrium. Their fees differ too: 1.17% for UNG and 2.19% for CORN.
CORN currently has the higher Sharpe Ratio (0.04 vs -0.59), 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.
Find the right allocation for UNG and CORN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer