CERY vs. FTGC
Compare and contrast key facts about SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and First Trust Global Tactical Commodity Strategy Fund (FTGC).
CERY and FTGC 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. FTGC is an actively managed fund by First Trust. It was launched on Oct 23, 2013.
Performance
CERY vs. FTGC - Performance Comparison
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CERY vs. FTGC - 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% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 24.45% | 14.61% | 7.12% |
Returns By Period
In the year-to-date period, CERY achieves a 22.00% return, which is significantly lower than FTGC's 24.45% return.
CERY
- 1D
- -1.16%
- 1M
- 5.37%
- YTD
- 22.00%
- 6M
- 27.31%
- 1Y
- 31.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTGC
- 1D
- -0.77%
- 1M
- 10.30%
- YTD
- 24.45%
- 6M
- 29.10%
- 1Y
- 32.53%
- 3Y*
- 15.39%
- 5Y*
- 15.53%
- 10Y*
- 8.28%
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CERY vs. FTGC - Expense Ratio Comparison
CERY has a 0.28% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Return for Risk
CERY vs. FTGC — Risk / Return Rank
CERY
FTGC
CERY vs. FTGC - 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 First Trust Global Tactical Commodity Strategy Fund (FTGC). 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 | FTGC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.95 | -0.03 |
Sortino ratioReturn per unit of downside risk | 2.52 | 2.56 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.18 | -0.02 |
Martin ratioReturn relative to average drawdown | 10.88 | 10.15 | +0.73 |
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 | FTGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.95 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.98 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.90 | 0.23 | +1.67 |
Correlation
The correlation between CERY and FTGC is 0.93, 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. FTGC - Dividend Comparison
CERY's dividend yield for the trailing twelve months is around 4.09%, less than FTGC's 15.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.09% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.41% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Drawdowns
CERY vs. FTGC - Drawdown Comparison
The maximum CERY drawdown since its inception was -10.05%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for CERY and FTGC.
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Drawdown Indicators
| CERY | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.05% | -59.47% | +49.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -10.36% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -1.80% | -0.77% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -27.78% | +25.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.25% | -0.32% |
Volatility
CERY vs. FTGC - Volatility Comparison
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) and First Trust Global Tactical Commodity Strategy Fund (FTGC) have volatilities of 6.64% and 6.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CERY | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 6.70% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 12.89% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 16.73% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.65% | 15.95% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 14.69% | -0.04% |