CERY vs. DJP
Compare and contrast key facts about SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and iPath Bloomberg Commodity Index Total Return ETN (DJP).
CERY and DJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CERY is a passively managed fund by State Street that tracks the performance of the Bloomberg Enhanced Roll Yield Total Return Index. It was launched on Sep 4, 2024. DJP is a passively managed fund by Barclays Capital that tracks the performance of the Bloomberg Commodity Index. It was launched on Jun 6, 2006. Both CERY and DJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CERY vs. DJP - Performance Comparison
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CERY vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 22.00% | 15.68% | 3.92% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 26.62% | 17.20% | 5.91% |
Returns By Period
In the year-to-date period, CERY achieves a 22.00% return, which is significantly lower than DJP's 26.62% return.
CERY
- 1D
- -1.16%
- 1M
- 5.37%
- YTD
- 22.00%
- 6M
- 27.31%
- 1Y
- 31.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DJP
- 1D
- -1.08%
- 1M
- 9.10%
- YTD
- 26.62%
- 6M
- 33.73%
- 1Y
- 34.63%
- 3Y*
- 14.66%
- 5Y*
- 14.92%
- 10Y*
- 8.41%
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CERY vs. DJP - Expense Ratio Comparison
CERY has a 0.28% expense ratio, which is lower than DJP's 0.70% expense ratio.
Return for Risk
CERY vs. DJP — Risk / Return Rank
CERY
DJP
CERY vs. DJP - 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 iPath Bloomberg Commodity Index Total Return ETN (DJP). 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 | DJP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.80 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.52 | 2.36 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.28 | -0.11 |
Martin ratioReturn relative to average drawdown | 10.88 | 8.99 | +1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CERY | DJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.80 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.90 | -0.01 | +1.91 |
Correlation
The correlation between CERY and DJP is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CERY vs. DJP - Dividend Comparison
CERY's dividend yield for the trailing twelve months is around 4.09%, while DJP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.09% | 4.99% | 0.52% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% |
Drawdowns
CERY vs. DJP - Drawdown Comparison
The maximum CERY drawdown since its inception was -10.05%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for CERY and DJP.
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Drawdown Indicators
| CERY | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.05% | -78.35% | +68.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -10.64% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.36% | — |
Current DrawdownCurrent decline from peak | -1.80% | -34.88% | +33.08% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -51.02% | +48.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.88% | -0.95% |
Volatility
CERY vs. DJP - Volatility Comparison
The current volatility for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is 6.64%, while iPath Bloomberg Commodity Index Total Return ETN (DJP) has a volatility of 8.27%. This indicates that CERY experiences smaller price fluctuations and is considered to be less risky than DJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CERY | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 8.27% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 15.27% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 19.36% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.65% | 18.78% | -4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 17.00% | -2.35% |