CERY vs. DRKY

Last updated Jun 4, 2026

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. At a correlation of -0.02, they often move in opposite directions. CERY charges 0.28%/yr vs 0.95%/yr for DRKY.

Performance

CERY vs. DRKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CERY achieves a 29.88% return, which is significantly higher than DRKY's -1.44% return.

CERY

• 1D: 0.06%
• 1M: -1.63%
• YTD: 29.88%
• 6M: 30.50%
• 1Y: 44.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRKY

• 1D: -0.88%
• 1M: -1.87%
• YTD: -1.44%
• 6M: -1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CERY vs. DRKY - Yearly Performance Comparison

	2026 (YTD)	2025
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	29.88%	2.65%
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	-1.44%	11.61%

Correlation

The correlation between CERY and DRKY is -0.02, 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 (All Time) Calculated using the full available price history since Oct 9, 2025	-0.02

Return for Risk

CERY vs. DRKY — Risk / Return Rank

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

CERY

CERY Risk / Return Rank: 87
CERY Sharpe Ratio Rank: 86
CERY Sortino Ratio Rank: 81
CERY Omega Ratio Rank: 83
CERY Calmar Ratio Rank: 92
CERY Martin Ratio Rank: 90

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.

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.

	CERY	DRKY	Difference
Sharpe ratio Return per unit of total volatility	2.90	—	—
Sortino ratio Return per unit of downside risk	3.66	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	6.38	—	—
Martin ratio Return relative to average drawdown	20.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CERY	DRKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.00	0.76	+1.24

Drawdowns

CERY vs. DRKY - Drawdown Comparison

The maximum CERY drawdown since its inception was -10.05%, 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.

Drawdown Indicators

	CERY	DRKY	Difference
Max Drawdown Largest peak-to-trough decline	-10.05%	-15.68%	+5.63%
Max Drawdown (1Y) Largest decline over 1 year	-6.98%	—	—
Current Drawdown Current decline from peak	-3.71%	-4.92%	+1.21%
Average Drawdown Average peak-to-trough decline	-2.11%	-4.50%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	CERY	DRKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	20.93%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	20.93%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.71%	20.93%	-6.22%

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 3.85%, less than DRKY's 10.33% yield.

Position	TTM	2025	2024
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	3.85%	4.99%	0.52%
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	10.33%	3.66%	0.00%

Frequently Asked Questions

Can I hold both CERY and DRKY in my portfolio?

CERY and DRKY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CERY or DRKY?

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.

Which ETF is cheaper, CERY or DRKY?

CERY is cheaper with a 0.28% expense ratio, compared with 0.95% for DRKY.

Which ETF pays a higher dividend yield, CERY or DRKY?

DRKY has the higher dividend yield at 10.33%, compared with 3.85% for CERY.

What is the main difference between CERY and DRKY?

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.