CERY vs. CCRV
CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both Commodities funds - CERY tracks the Bloomberg Enhanced Roll Yield Total Return Index while CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. CERY charges 0.28%/yr vs 0.40%/yr for CCRV.
Performance
CERY vs. CCRV - Performance Comparison
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Returns By Period
CERY
- 1D
- -0.22%
- 1M
- 7.79%
- 6M
- 15.18%
- YTD
- 25.95%
- 1Y
- 38.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.32%
CCRV
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.02M | $9.94M | $6.85M |
CERY vs. CCRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 25.95% | 15.68% | 3.80% |
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 4.41% |
Correlation
The correlation between CERY and CCRV is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.48 |
Over the past year, the correlation between CERY and CCRV has dropped to 0.05 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
CERY vs. CCRV — Risk / Return Rank
CERY
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CERY vs. CCRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.
| CERY | CCRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | — | — |
| Martin ratioReturn relative to average drawdown | 8.97 | — | — |
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Drawdowns
CERY vs. CCRV - Drawdown Comparison
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Drawdown Indicators
| CERY | CCRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | — | — |
Current DrawdownCurrent decline from peak | -6.62% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.69% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | — | — |
Volatility
CERY vs. CCRV - Volatility Comparison
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Volatility by Period
| CERY | CCRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | — | — |
CERY vs. CCRV - Expense Ratio Comparison
CERY has a 0.28% expense ratio, which is lower than CCRV's 0.40% expense ratio.
Dividends
CERY vs. CCRV - Dividend Comparison
CERY's dividend yield for the trailing twelve months is around 3.97%, while CCRV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 3.97% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CERY and CCRV have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CERY is cheaper with a 0.28% expense ratio, compared with 0.40% for CCRV.
CERY has the higher dividend yield at 3.97%, compared with 0.00% for CCRV.
CERY tracks Bloomberg Enhanced Roll Yield Total Return Index, while CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.28% for CERY and 0.40% for CCRV.
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