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FTGC vs. CERY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

FTGC vs. CERY - Performance Comparison

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

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Returns By Period

In the year-to-date period, FTGC achieves a 27.15% return, which is significantly lower than CERY's 29.88% return.


FTGC

1D
-0.44%
1M
-2.63%
YTD
27.15%
6M
26.06%
1Y
41.32%
3Y*
18.13%
5Y*
13.08%
10Y*
7.77%

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)

FTGC vs. CERY - Yearly Performance Comparison


Correlation

The correlation between FTGC and CERY is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2024

0.93

The correlation between FTGC and CERY has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

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Return for Risk

FTGC vs. CERY — Risk / Return Rank

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

FTGC
FTGC Risk / Return Rank: 8181
Overall Rank
FTGC Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FTGC Sortino Ratio Rank: 7575
Sortino Ratio Rank
FTGC Omega Ratio Rank: 7777
Omega Ratio Rank
FTGC Calmar Ratio Rank: 8888
Calmar Ratio Rank
FTGC Martin Ratio Rank: 8484
Martin Ratio Rank

CERY
CERY Risk / Return Rank: 8787
Overall Rank
CERY Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CERY Sortino Ratio Rank: 8181
Sortino Ratio Rank
CERY Omega Ratio Rank: 8383
Omega Ratio Rank
CERY Calmar Ratio Rank: 9292
Calmar Ratio Rank
CERY Martin Ratio Rank: 9090
Martin Ratio Rank
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.

FTGC vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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.


FTGCCERYDifference
Sharpe ratioReturn per unit of total volatility

-0.23

Sortino ratioReturn per unit of downside risk

-0.23

Omega ratioGain probability vs. loss probability

1.47

1.51

-0.04

Calmar ratioReturn relative to maximum drawdown

5.25

6.38

-1.13

Martin ratioReturn relative to average drawdown

17.39

20.66

-3.28

FTGC vs. CERY - Sharpe Ratio Comparison

The current FTGC Sharpe Ratio is 2.66, which is comparable to the CERY Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of FTGC 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.


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Sharpe Ratios by Period


FTGCCERYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.66

2.90

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

2.00

-1.76

Drawdowns

FTGC vs. CERY - Drawdown Comparison

The maximum FTGC drawdown since its inception was -59.47%, which is greater than CERY's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for FTGC and CERY.


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Drawdown Indicators


FTGCCERYDifference

Max Drawdown

Largest peak-to-trough decline

-59.47%

-10.05%

-49.42%

Max Drawdown (1Y)

Largest decline over 1 year

-7.91%

-6.98%

-0.93%

Max Drawdown (3Y)

Largest decline over 3 years

-10.39%

Max Drawdown (5Y)

Largest decline over 5 years

-22.64%

Max Drawdown (10Y)

Largest decline over 10 years

-35.91%

Current Drawdown

Current decline from peak

-4.65%

-3.71%

-0.94%

Average Drawdown

Average peak-to-trough decline

-27.42%

-2.11%

-25.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

2.15%

+0.23%

Volatility

FTGC vs. CERY - Volatility Comparison

The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 4.50%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 4.94%. This indicates that FTGC experiences smaller price fluctuations and is considered to be less risky than CERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FTGCCERYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.50%

4.94%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

13.15%

13.29%

-0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

15.59%

15.37%

+0.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.00%

14.71%

+1.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.71%

14.71%

0.00%

FTGC vs. CERY - Expense Ratio Comparison

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


Dividends

FTGC vs. CERY - Dividend Comparison

FTGC's dividend yield for the trailing twelve months is around 15.08%, more than CERY's 3.85% yield.


PositionTTM202520242023202220212020201920182017
CERY
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF
3.85%4.99%0.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FTGC
First Trust Global Tactical Commodity Strategy Fund
15.08%17.74%3.05%3.34%10.35%7.21%0.00%0.81%0.80%1.21%

Frequently Asked Questions


With a correlation of 0.93, FTGC and CERY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

CERY has higher volatility (4.94%) compared to FTGC (4.50%). In terms of maximum drawdown, FTGC dropped -59.47% vs CERY's -10.05%.

On 1-year performance, CERY leads with 44.30% vs 41.32% for FTGC. On fees, CERY is cheaper at 0.28% per year. On volatility, FTGC has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, CERY has performed better with a 44.30% return vs 41.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

FTGC has the higher dividend yield at 15.08%, compared with 3.85% for CERY.

They also come from different issuers: First Trust and State Street. Their fees differ too: 0.95% for FTGC and 0.28% for CERY.

CERY currently has the higher Sharpe Ratio (2.90 vs 2.66), 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.

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