CERY vs. MTDR

Last updated Aug 1, 2026

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 MTDR (Matador Resources Company) is a stock. Over the past year, CERY returned 37.10% vs 3.12% for MTDR. Their 0.54 correlation means they have sometimes moved together and sometimes differently.

Performance

CERY vs. MTDR - 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 Matador Resources Company (MTDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CERY achieves a 25.95% return, which is significantly higher than MTDR's 19.25% return.

CERY

• 1D: -0.22%
• 1M: 7.99%
• 6M: 15.18%
• YTD: 25.95%
• 1Y: 37.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.32%

MTDR

• 1D: 3.27%
• 1M: 1.73%
• 6M: 11.87%
• YTD: 19.25%
• 1Y: 3.12%
• 3Y*: -1.84%
• 5Y*: 11.77%
• 10Y*: 10.83%
• ALL TIME*: 11.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	$5.02M	$9.94M	$6.85M
MTDR Matador Resources Company	$116.12M	$98.02M	$97.95M

CERY vs. MTDR - 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%
MTDR Matador Resources Company	19.25%	-22.31%	8.59%

Correlation

The correlation between CERY and MTDR is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.54

The correlation between CERY and MTDR has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.

Return for Risk

CERY vs. MTDR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CERY

CERY Risk / Return Rank: 83
CERY Sharpe Ratio Rank: 91
CERY Sortino Ratio Rank: 88
CERY Omega Ratio Rank: 87
CERY Calmar Ratio Rank: 75
CERY Martin Ratio Rank: 73

MTDR

MTDR Risk / Return Rank: 46
MTDR Sharpe Ratio Rank: 48
MTDR Sortino Ratio Rank: 43
MTDR Omega Ratio Rank: 43
MTDR Calmar Ratio Rank: 48
MTDR Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CERY vs. MTDR - 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 Matador Resources Company (MTDR). 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	MTDR	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.08	+2.23
Sortino ratio: Return per unit of downside risk	3.02	0.38	+2.64
Omega ratio: Gain probability vs. loss probability	1.39	1.05	+0.34
Calmar ratio: Return relative to maximum drawdown	2.60	0.11	+2.49
Martin ratio: Return relative to average drawdown	8.97	0.22	+8.75

CERY vs. MTDR - Sharpe Ratio Comparison

The current CERY Sharpe Ratio is 2.30, which is higher than the MTDR Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of CERY and MTDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CERY vs. MTDR - Drawdown Comparison

The maximum CERY drawdown since its inception was -14.33%, smaller than the maximum MTDR drawdown of -96.50%. Use the drawdown chart below to compare losses from any high point for CERY and MTDR.

Drawdown Indicators

	CERY	MTDR	Difference
Max Drawdown Largest peak-to-trough decline	-14.33%	-96.50%	+82.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.33%	-29.06%	+14.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-46.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-96.50%	—
Current Drawdown Current decline from peak	-6.62%	-26.94%	+20.32%
Average Drawdown Average peak-to-trough decline	-2.69%	-25.07%	+22.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	14.24%	-10.09%

Volatility

CERY vs. MTDR - Volatility Comparison

The current volatility for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is 5.02%, while Matador Resources Company (MTDR) has a volatility of 14.32%. This indicates that CERY experiences smaller price fluctuations and is considered to be less risky than MTDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CERY	MTDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	14.32%	-9.30%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	31.69%	-17.84%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	41.65%	-25.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	46.85%	-31.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	64.89%	-49.95%

Dividends

CERY vs. MTDR - Dividend Comparison

CERY's dividend yield for the trailing twelve months is around 3.97%, more than MTDR's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	3.97%	4.99%	0.52%	0.00%	0.00%	0.00%
MTDR Matador Resources Company	2.88%	3.09%	1.51%	1.14%	0.52%	0.34%

Frequently Asked Questions

Can I hold both CERY and MTDR in my portfolio?

CERY and MTDR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CERY or MTDR?

MTDR has higher volatility (14.32%) compared to CERY (5.02%). In terms of maximum drawdown, CERY dropped -14.33% vs MTDR's -96.50%.

Which has better risk-adjusted returns?

CERY currently has the higher Sharpe Ratio (2.30 vs 0.08), 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.