DRKY vs. CERY

Last updated Jun 4, 2026

DRKY (VistaShares Target 15 Druckenmiller Macro Distribution ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - DRKY is a Derivative Income fund actively managed by VistaShares, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. DRKY is actively managed, while CERY is passively managed. At a correlation of -0.02, they often move in opposite directions. DRKY charges 0.95%/yr vs 0.28%/yr for CERY.

Performance

DRKY vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY) 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, DRKY achieves a -1.44% return, which is significantly lower than CERY's 29.88% return.

DRKY

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

CERY

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

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

DRKY vs. CERY - Yearly Performance Comparison

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

Correlation

The correlation between DRKY and CERY 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

DRKY vs. CERY — 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.

DRKY vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

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

Drawdowns

DRKY vs. CERY - Drawdown Comparison

The maximum DRKY drawdown since its inception was -15.68%, which is greater than CERY's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for DRKY and CERY.

Drawdown Indicators

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

Volatility

Volatility by Period

	DRKY	CERY	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	20.93%	15.37%	+5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	14.71%	+6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.93%	14.71%	+6.22%

DRKY vs. CERY - Expense Ratio Comparison

DRKY has a 0.95% expense ratio, which is higher than CERY's 0.28% expense ratio.

Dividends

DRKY vs. CERY - Dividend Comparison

DRKY's dividend yield for the trailing twelve months is around 10.33%, more than CERY's 3.85% 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 DRKY and CERY in my portfolio?

DRKY and CERY 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, DRKY or CERY?

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, DRKY or CERY?

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

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

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

What is the main difference between DRKY and CERY?

DRKY is categorized as Derivative Income, while CERY is Commodities. They also come from different issuers: VistaShares and State Street. Their fees differ too: 0.95% for DRKY and 0.28% for CERY.