CERY vs. DJCB

Last updated Jun 4, 2026

CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) and DJCB (ETRACS Bloomberg Commodity Index Total Return ETN Series B) are both Commodities funds - CERY tracks the Bloomberg Enhanced Roll Yield Total Return Index while DJCB tracks the Bloomberg Commodity Index. Both are passively managed. At a 0.15 correlation, their price movements are largely independent. CERY charges 0.28%/yr vs 0.50%/yr for DJCB.

Performance

CERY vs. DJCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CERY

• 1D: 0.06%
• 1M: -1.63%
• YTD: 29.88%
• 6M: 30.50%
• 1Y: 44.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DJCB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CERY vs. DJCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	29.88%	15.68%	3.92%
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	4.38%

Correlation

The correlation between CERY and DJCB is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.15

Return for Risk

CERY vs. DJCB — Risk / Return Rank

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

CERY

CERY Risk / Return Rank: 87
CERY Sharpe Ratio Rank: 86
CERY Sortino Ratio Rank: 81
CERY Omega Ratio Rank: 83
CERY Calmar Ratio Rank: 92
CERY Martin Ratio Rank: 90

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.

CERY vs. DJCB - 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 ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). 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.

	CERY	DJCB	Difference
Sharpe ratio Return per unit of total volatility	2.90	—	—
Sortino ratio Return per unit of downside risk	3.66	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	6.38	—	—
Martin ratio Return relative to average drawdown	20.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CERY	DJCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.00	—	—

Drawdowns

Drawdown Indicators

	CERY	DJCB	Difference
Max Drawdown Largest peak-to-trough decline	-10.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.98%	—	—
Current Drawdown Current decline from peak	-3.71%	—	—
Average Drawdown Average peak-to-trough decline	-2.11%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	CERY	DJCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.71%	—	—

CERY vs. DJCB - Expense Ratio Comparison

CERY has a 0.28% expense ratio, which is lower than DJCB's 0.50% expense ratio.

Dividends

CERY vs. DJCB - Dividend Comparison

CERY's dividend yield for the trailing twelve months is around 3.85%, while DJCB has not paid dividends to shareholders.

Position	TTM	2025	2024
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	3.85%	4.99%	0.52%
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CERY and DJCB in my portfolio?

CERY and DJCB have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CERY or DJCB?

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, CERY or DJCB?

CERY is cheaper with a 0.28% expense ratio, compared with 0.50% for DJCB.

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

CERY has the higher dividend yield at 3.85%, compared with 0.00% for DJCB.

What is the main difference between CERY and DJCB?

CERY tracks Bloomberg Enhanced Roll Yield Total Return Index, while DJCB tracks Bloomberg Commodity Index. They also come from different issuers: State Street and UBS. Their fees differ too: 0.28% for CERY and 0.50% for DJCB.