ITRN vs. CERY

Last updated Jun 4, 2026

ITRN (Ituran Location and Control Ltd.) is a stock, while CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) is Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Over the past year, ITRN returned 77.77% vs 44.30% for CERY. At a 0.06 correlation, their price movements are largely independent.

Performance

ITRN vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ituran Location and Control Ltd. (ITRN) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITRN achieves a 55.87% return, which is significantly higher than CERY's 29.88% return.

ITRN

• 1D: -1.99%
• 1M: 11.37%
• YTD: 55.87%
• 6M: 70.62%
• 1Y: 77.77%
• 3Y*: 48.35%
• 5Y*: 26.56%
• 10Y*: 15.49%

CERY

• 1D: 0.06%
• 1M: -1.63%
• YTD: 29.88%
• 6M: 30.50%
• 1Y: 44.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITRN vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ITRN Ituran Location and Control Ltd.	55.87%	45.63%	16.56%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	29.88%	15.68%	3.92%

Correlation

The correlation between ITRN and CERY is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.06

Return for Risk

ITRN vs. CERY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITRN

ITRN Risk / Return Rank: 88
ITRN Sharpe Ratio Rank: 92
ITRN Sortino Ratio Rank: 89
ITRN Omega Ratio Rank: 88
ITRN Calmar Ratio Rank: 85
ITRN Martin Ratio Rank: 87

CERY

CERY Risk / Return Rank: 87
CERY Sharpe Ratio Rank: 86
CERY Sortino Ratio Rank: 81
CERY Omega Ratio Rank: 83
CERY Calmar Ratio Rank: 92
CERY Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITRN vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ituran Location and Control Ltd. (ITRN) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). 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.

	ITRN	CERY	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.90	-0.41
Sortino ratio: Return per unit of downside risk	3.12	3.66	-0.54
Omega ratio: Gain probability vs. loss probability	1.41	1.51	-0.10
Calmar ratio: Return relative to maximum drawdown	3.40	6.38	-2.98
Martin ratio: Return relative to average drawdown	10.01	20.66	-10.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITRN vs. CERY - Sharpe Ratio Comparison

The current ITRN Sharpe Ratio is 2.49, which is comparable to the CERY Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of ITRN and CERY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ITRN	CERY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.90	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	2.00	-1.61

Drawdowns

ITRN vs. CERY - Drawdown Comparison

The maximum ITRN drawdown since its inception was -68.39%, which is greater than CERY's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for ITRN and CERY.

Drawdown Indicators

	ITRN	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-68.39%	-10.05%	-58.34%
Max Drawdown (1Y) Largest decline over 1 year	-22.99%	-6.98%	-16.01%
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 Drawdown Current decline from peak	-1.99%	-3.71%	+1.72%
Average Drawdown Average peak-to-trough decline	-19.51%	-2.11%	-17.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.91%	2.15%	+5.76%

Volatility

ITRN vs. CERY - Volatility Comparison

Ituran Location and Control Ltd. (ITRN) has a higher volatility of 8.51% compared to SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) at 4.94%. This indicates that ITRN's price experiences larger fluctuations and is considered to be riskier than CERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITRN	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	4.94%	+3.57%
Volatility (6M) Calculated over the trailing 6-month period	22.68%	13.29%	+9.39%
Volatility (1Y) Calculated over the trailing 1-year period	31.40%	15.37%	+16.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.71%	14.71%	+16.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.47%	14.71%	+18.76%

Dividends

ITRN vs. CERY - Dividend Comparison

ITRN's dividend yield for the trailing twelve months is around 4.61%, more than CERY's 3.85% 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%
ITRN Ituran Location and Control Ltd.	4.61%	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

Can I hold both ITRN and CERY in my portfolio?

ITRN and CERY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITRN or CERY?

ITRN has higher volatility (8.51%) compared to CERY (4.94%). In terms of maximum drawdown, ITRN dropped -68.39% vs CERY's -10.05%.

Which has better risk-adjusted returns?

CERY currently has the higher Sharpe Ratio (2.90 vs 2.49), 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.