BBHM vs. CERY

Last updated Jun 24, 2026

BBHM (BBH Select Mid Cap ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - BBHM is a Mid Cap Growth Equities fund tracking the Actively Managed, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. At a correlation of -0.06, they often move in opposite directions. BBHM charges 0.81%/yr vs 0.28%/yr for CERY.

Performance

BBHM vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BBH Select Mid Cap ETF (BBHM) 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, BBHM achieves a 3.11% return, which is significantly lower than CERY's 18.11% return.

BBHM

• 1D: -0.85%
• 1M: 2.63%
• YTD: 3.11%
• 6M: 1.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CERY

• 1D: -1.20%
• 1M: -9.49%
• YTD: 18.11%
• 6M: 16.37%
• 1Y: 27.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBHM vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025
BBHM BBH Select Mid Cap ETF	3.11%	0.98%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	18.11%	1.67%

Correlation

The correlation between BBHM and CERY is -0.06, 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 Nov 17, 2025	-0.06

Return for Risk

BBHM vs. CERY — Risk / Return Rank

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

BBHM

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

CERY

CERY Risk / Return Rank: 53
CERY Sharpe Ratio Rank: 56
CERY Sortino Ratio Rank: 52
CERY Omega Ratio Rank: 52
CERY Calmar Ratio Rank: 47
CERY Martin Ratio Rank: 60

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.

BBHM vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BBH Select Mid Cap ETF (BBHM) 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.

	BBHM	CERY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.38	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.21	—
Martin ratio: Return relative to average drawdown	—	10.02	—

Drawdowns

BBHM vs. CERY - Drawdown Comparison

The maximum BBHM drawdown since its inception was -9.78%, smaller than the maximum CERY drawdown of -12.44%. Use the drawdown chart below to compare losses from any high point for BBHM and CERY.

Drawdown Indicators

	BBHM	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-9.78%	-12.44%	+2.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.44%	—
Current Drawdown Current decline from peak	-4.05%	-12.44%	+8.39%
Average Drawdown Average peak-to-trough decline	-2.97%	-2.29%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.76%	—

Volatility

Volatility by Period

	BBHM	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.20%	15.66%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.20%	14.74%	+3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	14.74%	+3.46%

BBHM vs. CERY - Expense Ratio Comparison

BBHM has a 0.81% expense ratio, which is higher than CERY's 0.28% expense ratio.

Dividends

BBHM vs. CERY - Dividend Comparison

BBHM has not paid dividends to shareholders, while CERY's dividend yield for the trailing twelve months is around 4.23%.

Position	TTM	2025	2024
BBHM BBH Select Mid Cap ETF	0.00%	0.00%	0.00%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	4.23%	4.99%	0.52%

Frequently Asked Questions

Can I hold both BBHM and CERY in my portfolio?

BBHM and CERY have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBHM 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, BBHM or CERY?

CERY is cheaper with a 0.28% expense ratio, compared with 0.81% for BBHM.

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

CERY has the higher dividend yield at 4.23%, compared with 0.00% for BBHM.

What is the main difference between BBHM and CERY?

BBHM is categorized as Mid Cap Growth Equities, while CERY is Commodities. BBHM tracks Actively Managed, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: BBH and State Street. Their fees differ too: 0.81% for BBHM and 0.28% for CERY.