- ISIN
- US78468R4406
- CUSIP
- 78468R440
- Issuer
- State Street
- Inception Date
- Sep 4, 2024
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Enhanced Roll Yield Total Return Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $1B
Share Price Chart
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Performance
CERY Performance Chart
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is up 15.6% since the beginning of the year. CERY is currently trading at $33 per share.
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Returns By Period
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has returned 15.55% so far this year and 26.93% over the past 12 months.
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF
- 1D
- -2.16%
- 1M
- -11.45%
- YTD
- 15.55%
- 6M
- 13.60%
- 1Y
- 26.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
CERY Monthly Returns History
Based on dividend-adjusted daily data since Sep 5, 2024, CERY's average daily return is +0.08%, while the average monthly return is +1.58%. At this rate, an investment would double in approximately 3.7 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jan 2026 with a return of +9.4%, while the worst month was Jun 2026 at -9.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CERY closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +3.6%, while the worst single day was Jan 30, 2026 at -4.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.35% | 4.07% | 8.46% | 5.90% | -2.22% | -9.59% | 15.55% | ||||||
| 2025 | 4.04% | -0.78% | 3.71% | -5.41% | 0.65% | 3.22% | 1.02% | 1.93% | 2.18% | 1.68% | 2.23% | 0.55% | 15.68% |
| 2024 | 4.31% | -0.19% | -0.87% | 0.58% | 3.80% |
Benchmark Metrics
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF has an annualized alpha of 17.71%, beta of 0.18, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 05, 2024.
- This ETF captured 60.37% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.38%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.18 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 17.71%
- Beta
- 0.18
- R²
- 0.04
- Upside Capture
- 60.37%
- Downside Capture
- -1.38%
Expense Ratio
CERY has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CERY ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and compare them to S&P 500 Index.
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.
| CERY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.29 | -0.41 |
| Martin ratioReturn relative to average drawdown | 9.35 | 10.15 | -0.80 |
Dividends
Dividend History
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF provided a 4.32% dividend yield over the last twelve months, with an annual payout of $1.43 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.43 | $1.43 | $0.14 |
Dividend yield | 4.32% | 4.99% | 0.52% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.43 | $1.43 |
| 2024 | $0.14 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF was 14.33%, occurring on Jun 24, 2026. The portfolio has not yet recovered.
The current SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF drawdown is 14.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -14.33%Jun 2026 | 1mo 12d | — | 1mo 13dMay 2026 - now |
2025 selloff2025 | -10.05%Apr 2025 | 5d | 2mo 10d | 2mo 15dApr 2025 - Jun 2025 |
2026 pullback2026 | -6.98%Feb 2026 | 3d | 28d | 1mo 1dJan 2026 - Mar 2026 |
2024 pullback2024 | -5.84%Nov 2024 | 1mo 7d | 2mo 2d | 3mo 9dOct 2024 - Jan 2025 |
2026 pullback2026 | -4.45%Mar 2026 | 10d | 14d | 24dMar 2026 - Apr 2026 |
Drawdown Indicators
| CERY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -56.78% | +42.45% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -9.10% | -5.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -14.33% | -3.31% | -11.02% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -10.71% | +8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.05% | +0.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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