PEPS vs. DRKY
PEPS (Parametric Equity Plus ETF) and DRKY (VistaShares Target 15 Druckenmiller Macro Distribution ETF) are both Derivative Income funds. Both are actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. PEPS charges 0.10%/yr vs 0.95%/yr for DRKY.
Performance
PEPS vs. DRKY - Performance Comparison
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Returns By Period
In the year-to-date period, PEPS achieves a 10.53% return, which is significantly higher than DRKY's -0.50% return.
PEPS
- 1D
- 0.81%
- 1M
- 0.80%
- 6M
- 8.59%
- YTD
- 10.53%
- 1Y
- 24.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.01%
DRKY
- 1D
- -0.01%
- 1M
- -3.99%
- 6M
- -0.53%
- YTD
- -0.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $153.43K | $161.45K | $207.00K | |
| $5.31K | $5.85K | $15.49K |
PEPS vs. DRKY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PEPS Parametric Equity Plus ETF | 10.53% | 3.00% |
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF | -0.50% | 11.81% |
Correlation
The correlation between PEPS and DRKY is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.72 |
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Return for Risk
PEPS vs. DRKY — Risk / Return Rank
PEPS
DRKY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PEPS vs. DRKY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Equity Plus ETF (PEPS) 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.
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.
| PEPS | DRKY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn relative to average drawdown | 10.10 | — | — |
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Drawdowns
PEPS vs. DRKY - Drawdown Comparison
The maximum PEPS drawdown since its inception was -21.26%, which is greater than DRKY's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for PEPS and DRKY.
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Drawdown Indicators
| PEPS | DRKY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.26% | -15.68% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -5.62% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -4.38% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | — | — |
Volatility
PEPS vs. DRKY - Volatility Comparison
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Volatility by Period
| PEPS | DRKY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 20.93% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 20.93% | -2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 20.93% | -2.82% |
PEPS vs. DRKY - Expense Ratio Comparison
PEPS has a 0.10% expense ratio, which is lower than DRKY's 0.95% expense ratio.
Dividends
PEPS vs. DRKY - Dividend Comparison
PEPS's dividend yield for the trailing twelve months is around 0.92%, less than DRKY's 13.06% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF | 13.06% | 3.66% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.92% | 1.00% | 0.17% |
Frequently Asked Questions
PEPS and DRKY have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 0.95% for DRKY.
DRKY has the higher dividend yield at 13.06%, compared with 0.92% for PEPS.
They also come from different issuers: Parametric and VistaShares. Their fees differ too: 0.10% for PEPS and 0.95% for DRKY.
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