TPOR vs. CERY
TPOR (Direxion Daily Transportation Bull 3X Shares) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - TPOR is a Leveraged Equities fund tracking the Dow Jones Transportation Average Index (300%), while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, TPOR returned 67.02% vs 27.40% for CERY. At a correlation of -0.04, they often move in opposite directions. TPOR charges 1.01%/yr vs 0.28%/yr for CERY.
Performance
TPOR vs. CERY - Performance Comparison
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Returns By Period
In the year-to-date period, TPOR achieves a 28.21% return, which is significantly higher than CERY's 18.11% return.
TPOR
- 1D
- -2.19%
- 1M
- 7.81%
- YTD
- 28.21%
- 6M
- 23.96%
- 1Y
- 67.02%
- 3Y*
- 13.97%
- 5Y*
- -0.87%
- 10Y*
- —
CERY
- 1D
- -1.20%
- 1M
- -9.49%
- YTD
- 18.11%
- 6M
- 16.37%
- 1Y
- 27.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPOR vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 28.21% | 3.26% | -3.42% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 18.11% | 15.68% | 3.80% |
Correlation
The correlation between TPOR and CERY is -0.09, 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 (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.04 |
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Return for Risk
TPOR vs. CERY — Risk / Return Rank
TPOR
CERY
TPOR vs. CERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.
| TPOR | CERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.21 | -0.23 |
| Martin ratioReturn relative to average drawdown | 5.63 | 10.02 | -4.39 |
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Drawdowns
TPOR vs. CERY - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, which is greater than CERY's maximum drawdown of -12.44%. Use the drawdown chart below to compare losses from any high point for TPOR and CERY.
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Drawdown Indicators
| TPOR | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.59% | -12.44% | -75.15% |
Max Drawdown (1Y)Largest decline over 1 year | -34.00% | -12.44% | -21.56% |
Max Drawdown (3Y)Largest decline over 3 years | -64.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -74.08% | — | — |
Current DrawdownCurrent decline from peak | -31.66% | -12.44% | -19.22% |
Average DrawdownAverage peak-to-trough decline | -38.63% | -2.29% | -36.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 2.76% | +9.18% |
Volatility
TPOR vs. CERY - Volatility Comparison
Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 20.81% compared to SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) at 3.64%. This indicates that TPOR'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.
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Volatility by Period
| TPOR | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.81% | 3.64% | +17.17% |
Volatility (6M)Calculated over the trailing 6-month period | 47.27% | 13.63% | +33.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.65% | 15.66% | +44.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.03% | 14.74% | +53.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.97% | 14.74% | +56.23% |
TPOR vs. CERY - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is higher than CERY's 0.28% expense ratio.
Dividends
TPOR vs. CERY - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 0.71%, less than CERY's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.23% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPOR Direxion Daily Transportation Bull 3X Shares | 0.71% | 0.91% | 1.43% | 1.51% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% |
Frequently Asked Questions
TPOR and CERY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPOR has higher volatility (20.81%) compared to CERY (3.64%). In terms of maximum drawdown, TPOR dropped -87.59% vs CERY's -12.44%.
On 1-year performance, TPOR leads with 67.02% vs 27.40% for CERY. On fees, CERY is cheaper at 0.28% per year. On volatility, CERY has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TPOR has performed better with a 67.02% return vs 27.40%. 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 1.01% for TPOR.
CERY has the higher dividend yield at 4.23%, compared with 0.71% for TPOR.
TPOR is categorized as Leveraged Equities, while CERY is Commodities. TPOR tracks Dow Jones Transportation Average Index (300%), while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.01% for TPOR and 0.28% for CERY.
CERY currently has the higher Sharpe Ratio (1.78 vs 1.11), 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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