CERY vs. ITRN
CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) is Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index, while ITRN (Ituran Location and Control Ltd.) is a stock. Over the past year, CERY returned 29.64% vs 51.72% for ITRN. At a 0.07 correlation, their price movements are largely independent.
Performance
CERY vs. ITRN - Performance Comparison
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Returns By Period
In the year-to-date period, CERY achieves a 20.77% return, which is significantly lower than ITRN's 35.25% return.
CERY
- 1D
- 0.00%
- 1M
- -2.91%
- 6M
- 16.72%
- YTD
- 20.77%
- 1Y
- 29.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITRN
- 1D
- -0.50%
- 1M
- -14.61%
- 6M
- 33.88%
- YTD
- 35.25%
- 1Y
- 51.72%
- 3Y*
- 41.37%
- 5Y*
- 21.07%
- 10Y*
- 13.25%
CERY vs. ITRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 20.77% | 15.68% | 3.80% |
ITRN Ituran Location and Control Ltd. | 35.25% | 45.63% | 15.42% |
Correlation
The correlation between CERY and ITRN is -0.00, 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 (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.07 |
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Return for Risk
CERY vs. ITRN — Risk / Return Rank
CERY
ITRN
CERY vs. ITRN - 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 Ituran Location and Control Ltd. (ITRN). 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 | ITRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.14 | +0.01 |
| Martin ratioReturn relative to average drawdown | 7.97 | 6.04 | +1.94 |
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Drawdowns
CERY vs. ITRN - Drawdown Comparison
The maximum CERY drawdown since its inception was -14.33%, smaller than the maximum ITRN drawdown of -68.39%. Use the drawdown chart below to compare losses from any high point for CERY and ITRN.
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Drawdown Indicators
| CERY | ITRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -68.39% | +54.06% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -22.99% | +8.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.39% | — |
Current DrawdownCurrent decline from peak | -10.46% | -14.96% | +4.50% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -19.45% | +16.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 8.16% | -4.30% |
Volatility
CERY vs. ITRN - Volatility Comparison
The current volatility for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is 4.37%, while Ituran Location and Control Ltd. (ITRN) has a volatility of 11.17%. This indicates that CERY experiences smaller price fluctuations and is considered to be less risky than ITRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CERY | ITRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 11.17% | -6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 24.12% | -10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 32.94% | -17.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 30.60% | -15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 33.65% | -18.84% |
Dividends
CERY vs. ITRN - Dividend Comparison
CERY's dividend yield for the trailing twelve months is around 4.14%, less than ITRN's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.14% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITRN Ituran Location and Control Ltd. | 5.36% | 4.65% | 5.01% | 2.50% | 2.65% | 3.37% | 1.26% | 3.78% | 2.96% | 3.27% | 3.25% | 4.12% |
Frequently Asked Questions
CERY and ITRN have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITRN has higher volatility (11.17%) compared to CERY (4.37%). In terms of maximum drawdown, CERY dropped -14.33% vs ITRN's -68.39%.
CERY currently has the higher Sharpe Ratio (1.96 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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