CERY vs. FLKR

Last updated Aug 1, 2026

CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) and FLKR (Franklin FTSE South Korea ETF) are both exchange-traded funds - CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index, while FLKR is a South Korea Equities fund tracking the FTSE South Korea RIC Capped Index. Both are passively managed. Over the past year, CERY returned 37.10% vs 117.49% for FLKR. Their 0.18 correlation means their historical movements had little consistent relationship. CERY charges 0.28%/yr vs 0.09%/yr for FLKR.

Performance

CERY vs. FLKR - 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 Franklin FTSE South Korea ETF (FLKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CERY achieves a 25.95% return, which is significantly lower than FLKR's 61.37% return.

CERY

• 1D: -0.22%
• 1M: 7.99%
• 6M: 15.18%
• YTD: 25.95%
• 1Y: 37.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.32%

FLKR

• 1D: -2.28%
• 1M: -15.74%
• 6M: 29.07%
• YTD: 61.37%
• 1Y: 117.49%
• 3Y*: 35.68%
• 5Y*: 14.07%
• 10Y*: —
• ALL TIME*: 11.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	$5.02M	$9.94M	$6.85M
FLKR Franklin FTSE South Korea ETF	$43.49M	$47.84M	$51.57M

CERY vs. FLKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	25.95%	15.68%	3.80%
FLKR Franklin FTSE South Korea ETF	61.37%	91.91%	-16.72%

Correlation

The correlation between CERY and FLKR is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.18

Return for Risk

CERY vs. FLKR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CERY

CERY Risk / Return Rank: 83
CERY Sharpe Ratio Rank: 91
CERY Sortino Ratio Rank: 88
CERY Omega Ratio Rank: 87
CERY Calmar Ratio Rank: 75
CERY Martin Ratio Rank: 73

FLKR

FLKR Risk / Return Rank: 85
FLKR Sharpe Ratio Rank: 90
FLKR Sortino Ratio Rank: 80
FLKR Omega Ratio Rank: 84
FLKR Calmar Ratio Rank: 87
FLKR Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CERY vs. FLKR - 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 Franklin FTSE South Korea ETF (FLKR). 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	FLKR	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.21	+0.09
Sortino ratio: Return per unit of downside risk	3.02	2.56	+0.46
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	2.60	3.46	-0.86
Martin ratio: Return relative to average drawdown	8.97	12.27	-3.30

CERY vs. FLKR - Sharpe Ratio Comparison

The current CERY Sharpe Ratio is 2.30, which is comparable to the FLKR Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of CERY and FLKR, 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

CERY vs. FLKR - Drawdown Comparison

The maximum CERY drawdown since its inception was -14.33%, smaller than the maximum FLKR drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for CERY and FLKR.

Drawdown Indicators

	CERY	FLKR	Difference
Max Drawdown Largest peak-to-trough decline	-14.33%	-50.06%	+35.73%
Max Drawdown (1Y) Largest decline over 1 year	-14.33%	-34.17%	+19.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.97%	—
Current Drawdown Current decline from peak	-6.62%	-28.42%	+21.80%
Average Drawdown Average peak-to-trough decline	-2.69%	-21.96%	+19.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	9.61%	-5.46%

Volatility

CERY vs. FLKR - Volatility Comparison

The current volatility for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is 5.02%, while Franklin FTSE South Korea ETF (FLKR) has a volatility of 21.39%. This indicates that CERY experiences smaller price fluctuations and is considered to be less risky than FLKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CERY	FLKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	21.39%	-16.37%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	50.33%	-36.48%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	53.42%	-37.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	32.16%	-17.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	29.79%	-14.85%

CERY vs. FLKR - Expense Ratio Comparison

CERY has a 0.28% expense ratio, which is higher than FLKR's 0.09% expense ratio.

Dividends

CERY vs. FLKR - Dividend Comparison

CERY's dividend yield for the trailing twelve months is around 3.97%, more than FLKR's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	3.97%	4.99%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLKR Franklin FTSE South Korea ETF	2.86%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%

Frequently Asked Questions

Can I hold both CERY and FLKR in my portfolio?

CERY and FLKR have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CERY or FLKR?

FLKR has higher volatility (21.39%) compared to CERY (5.02%). In terms of maximum drawdown, CERY dropped -14.33% vs FLKR's -50.06%.

Which ETF is better, CERY or FLKR?

On 1-year performance, FLKR leads with 117.49% vs 37.10% for CERY. On fees, FLKR is cheaper at 0.09% per year. On volatility, CERY has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CERY or FLKR?

Over the 1-year period, FLKR has performed better with a 117.49% return vs 37.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CERY or FLKR?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.28% for CERY.

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

CERY has the higher dividend yield at 3.97%, compared with 2.86% for FLKR.

What is the main difference between CERY and FLKR?

CERY is categorized as Commodities, while FLKR is South Korea Equities. CERY tracks Bloomberg Enhanced Roll Yield Total Return Index, while FLKR tracks FTSE South Korea RIC Capped Index. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.28% for CERY and 0.09% for FLKR.

Which has better risk-adjusted returns?

CERY currently has the higher Sharpe Ratio (2.30 vs 2.21), 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.