CERY vs. XLU
CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) and XLU (State Street Utilities Select Sector SPDR ETF) are both exchange-traded funds - CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index, while XLU is a Utilities Equities fund tracking the Utilities Select Sector Index. Both are passively managed. Over the past year, CERY returned 44.30% vs 9.11% for XLU. At a 0.09 correlation, their price movements are largely independent. CERY charges 0.28%/yr vs 0.08%/yr for XLU.
Performance
CERY vs. XLU - Performance Comparison
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Returns By Period
In the year-to-date period, CERY achieves a 29.88% return, which is significantly higher than XLU's 3.11% return.
CERY
- 1D
- 0.06%
- 1M
- -1.63%
- YTD
- 29.88%
- 6M
- 30.50%
- 1Y
- 44.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLU
- 1D
- -0.43%
- 1M
- -5.74%
- YTD
- 3.11%
- 6M
- 1.25%
- 1Y
- 9.11%
- 3Y*
- 13.74%
- 5Y*
- 9.25%
- 10Y*
- 9.15%
CERY vs. XLU - 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% |
XLU State Street Utilities Select Sector SPDR ETF | 3.11% | 16.03% | 0.25% |
Correlation
The correlation between CERY and XLU is 0.05, 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 | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.09 |
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Return for Risk
CERY vs. XLU — Risk / Return Rank
CERY
XLU
CERY vs. XLU - 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 State Street Utilities Select Sector SPDR ETF (XLU). 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 | XLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.12 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 1.00 | +5.38 |
| Martin ratioReturn relative to average drawdown | 20.66 | 2.24 | +18.42 |
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 | XLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 0.63 | +2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.00 | 0.40 | +1.60 |
Drawdowns
CERY vs. XLU - Drawdown Comparison
The maximum CERY drawdown since its inception was -10.05%, smaller than the maximum XLU drawdown of -51.98%. Use the drawdown chart below to compare losses from any high point for CERY and XLU.
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Drawdown Indicators
| CERY | XLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.05% | -51.98% | +41.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.98% | -9.18% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.07% | — |
Current DrawdownCurrent decline from peak | -3.71% | -7.78% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -10.22% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 4.09% | -1.94% |
Volatility
CERY vs. XLU - Volatility Comparison
The current volatility for SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is 4.94%, while State Street Utilities Select Sector SPDR ETF (XLU) has a volatility of 5.41%. This indicates that CERY experiences smaller price fluctuations and is considered to be less risky than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CERY | XLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.41% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 11.53% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 14.57% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 17.32% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 19.26% | -4.55% |
CERY vs. XLU - Expense Ratio Comparison
CERY has a 0.28% expense ratio, which is higher than XLU's 0.08% expense ratio.
Dividends
CERY vs. XLU - Dividend Comparison
CERY's dividend yield for the trailing twelve months is around 3.85%, more than XLU's 2.72% 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 | 3.85% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLU State Street Utilities Select Sector SPDR ETF | 2.72% | 2.71% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.41% | 3.67% |
Frequently Asked Questions
CERY and XLU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLU has higher volatility (5.41%) compared to CERY (4.94%). In terms of maximum drawdown, CERY dropped -10.05% vs XLU's -51.98%.
On 1-year performance, CERY leads with 44.30% vs 9.11% for XLU. On fees, XLU is cheaper at 0.08% per year. On volatility, CERY has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CERY has performed better with a 44.30% return vs 9.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLU is cheaper with a 0.08% expense ratio, compared with 0.28% for CERY.
CERY has the higher dividend yield at 3.85%, compared with 2.72% for XLU.
CERY is categorized as Commodities, while XLU is Utilities Equities. CERY tracks Bloomberg Enhanced Roll Yield Total Return Index, while XLU tracks Utilities Select Sector Index. Their fees differ too: 0.28% for CERY and 0.08% for XLU.
CERY currently has the higher Sharpe Ratio (2.90 vs 0.63), 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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