DGIN vs. CERY

Last updated Jun 23, 2026

DGIN (VanEck Digital India ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - DGIN is a Asia Pacific Equities fund tracking the MVIS Digital India, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, DGIN returned -14.62% vs 26.17% for CERY. At a correlation of -0.08, they often move in opposite directions. DGIN charges 0.76%/yr vs 0.28%/yr for CERY.

Performance

DGIN vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital India ETF (DGIN) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGIN achieves a -12.27% return, which is significantly lower than CERY's 19.54% return.

DGIN

• 1D: 1.10%
• 1M: 5.97%
• YTD: -12.27%
• 6M: -15.09%
• 1Y: -14.62%
• 3Y*: 6.15%
• 5Y*: —
• 10Y*: —

CERY

• 1D: -0.67%
• 1M: -8.39%
• YTD: 19.54%
• 6M: 18.91%
• 1Y: 26.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGIN vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DGIN VanEck Digital India ETF	-12.27%	-6.00%	-0.54%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	19.54%	15.68%	3.80%

Correlation

The correlation between DGIN and CERY is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	-0.08

The correlation between DGIN and CERY shifts across timeframes, from -0.19 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DGIN vs. CERY — Risk / Return Rank

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

DGIN

DGIN Risk / Return Rank: 4
DGIN Sharpe Ratio Rank: 3
DGIN Sortino Ratio Rank: 3
DGIN Omega Ratio Rank: 3
DGIN Calmar Ratio Rank: 5
DGIN Martin Ratio Rank: 4

CERY

CERY Risk / Return Rank: 50
CERY Sharpe Ratio Rank: 50
CERY Sortino Ratio Rank: 47
CERY Omega Ratio Rank: 47
CERY Calmar Ratio Rank: 48
CERY Martin Ratio Rank: 58

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.

DGIN vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital India ETF (DGIN) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). 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.

	DGIN	CERY	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	1.68	-2.47
Sortino ratio: Return per unit of downside risk	-1.05	2.26	-3.31
Omega ratio: Gain probability vs. loss probability	0.88	1.29	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.48	2.31	-2.79
Martin ratio: Return relative to average drawdown	-1.00	9.93	-10.92

DGIN vs. CERY - Sharpe Ratio Comparison

The current DGIN Sharpe Ratio is -0.78, which is lower than the CERY Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of DGIN and CERY, 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

DGIN vs. CERY - Drawdown Comparison

The maximum DGIN drawdown since its inception was -33.65%, which is greater than CERY's maximum drawdown of -11.37%. Use the drawdown chart below to compare losses from any high point for DGIN and CERY.

Drawdown Indicators

	DGIN	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-11.37%	-22.28%
Max Drawdown (1Y) Largest decline over 1 year	-30.49%	-11.37%	-19.12%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	—	—
Current Drawdown Current decline from peak	-21.39%	-11.37%	-10.02%
Average Drawdown Average peak-to-trough decline	-13.41%	-2.27%	-11.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.70%	2.83%	+11.87%

Volatility

DGIN vs. CERY - Volatility Comparison

VanEck Digital India ETF (DGIN) has a higher volatility of 5.46% compared to SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) at 3.57%. This indicates that DGIN's price experiences larger fluctuations and is considered to be riskier than CERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGIN	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	3.57%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	16.10%	13.57%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	15.63%	+3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	14.73%	+4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	14.73%	+4.20%

DGIN vs. CERY - Expense Ratio Comparison

DGIN has a 0.76% expense ratio, which is higher than CERY's 0.28% expense ratio.

Dividends

DGIN vs. CERY - Dividend Comparison

DGIN's dividend yield for the trailing twelve months is around 2.17%, less than CERY's 4.18% yield.

Position	TTM	2025	2024	2023	2022
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	4.18%	4.99%	0.52%	0.00%	0.00%
DGIN VanEck Digital India ETF	2.17%	1.90%	0.00%	0.24%	0.97%

Frequently Asked Questions

Can I hold both DGIN and CERY in my portfolio?

DGIN and CERY have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGIN or CERY?

DGIN has higher volatility (5.46%) compared to CERY (3.57%). In terms of maximum drawdown, DGIN dropped -33.65% vs CERY's -11.37%.

Which ETF is better, DGIN or CERY?

On 1-year performance, CERY leads with 26.17% vs -14.62% for DGIN. On fees, CERY is cheaper at 0.28% per year. On volatility, CERY has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGIN or CERY?

Over the 1-year period, CERY has performed better with a 26.17% return vs -14.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGIN or CERY?

CERY is cheaper with a 0.28% expense ratio, compared with 0.76% for DGIN.

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

CERY has the higher dividend yield at 4.18%, compared with 2.17% for DGIN.

What is the main difference between DGIN and CERY?

DGIN is categorized as Asia Pacific Equities, while CERY is Commodities. DGIN tracks MVIS Digital India, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.76% for DGIN and 0.28% for CERY.

Which has better risk-adjusted returns?

CERY currently has the higher Sharpe Ratio (1.68 vs -0.78), 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.