CERY vs. DRKY
CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) and DRKY (VistaShares Target 15 Druckenmiller Macro Distribution ETF) are both exchange-traded funds - CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index, while DRKY is a Derivative Income fund actively managed by VistaShares. CERY is passively managed, while DRKY is actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. CERY charges 0.28%/yr vs 0.95%/yr for DRKY.
Performance
CERY vs. DRKY - Performance Comparison
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Returns By Period
In the year-to-date period, CERY achieves a 25.95% return, which is significantly higher than DRKY's -0.50% return.
CERY
- 1D
- -0.22%
- 1M
- 7.79%
- 6M
- 15.18%
- YTD
- 25.95%
- 1Y
- 38.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.32%
DRKY
- 1D
- -0.01%
- 1M
- -3.99%
- 6M
- -0.53%
- YTD
- -0.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.02M | $9.94M | $6.85M | |
| $153.43K | $161.45K | $207.00K |
CERY vs. DRKY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 25.95% | 3.32% |
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF | -0.50% | 11.81% |
Correlation
The correlation between CERY and DRKY is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | -0.04 |
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Return for Risk
CERY vs. DRKY — Risk / Return Rank
CERY
DRKY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CERY vs. DRKY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). 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.
| CERY | DRKY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | — | — |
| Martin ratioReturn relative to average drawdown | 8.97 | — | — |
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Drawdowns
CERY vs. DRKY - Drawdown Comparison
The maximum CERY drawdown since its inception was -14.33%, smaller than the maximum DRKY drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for CERY and DRKY.
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Drawdown Indicators
| CERY | DRKY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -15.68% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | — | — |
Current DrawdownCurrent decline from peak | -6.62% | -5.62% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -4.38% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | — | — |
Volatility
CERY vs. DRKY - Volatility Comparison
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Volatility by Period
| CERY | DRKY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 20.93% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 20.93% | -5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 20.93% | -5.99% |
CERY vs. DRKY - Expense Ratio Comparison
CERY has a 0.28% expense ratio, which is lower than DRKY's 0.95% expense ratio.
Dividends
CERY vs. DRKY - Dividend Comparison
CERY's dividend yield for the trailing twelve months is around 3.97%, less than DRKY's 13.06% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 3.97% | 4.99% | 0.52% |
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF | 13.06% | 3.66% | 0.00% |
Frequently Asked Questions
CERY and DRKY 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.
On fees, CERY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CERY is cheaper with a 0.28% expense ratio, compared with 0.95% for DRKY.
DRKY has the higher dividend yield at 13.06%, compared with 3.97% for CERY.
CERY is categorized as Commodities, while DRKY is Derivative Income. They also come from different issuers: State Street and VistaShares. Their fees differ too: 0.28% for CERY and 0.95% for DRKY.
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