LQTI vs. CERY

Last updated Jun 24, 2026

LQTI (FT Vest Investment Grade & Target Income ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - LQTI is a Derivative Income fund actively managed by FT Vest, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. LQTI is actively managed, while CERY is passively managed. Over the past year, LQTI returned 4.91% vs 27.40% for CERY. At a correlation of -0.16, they often move in opposite directions. LQTI charges 0.65%/yr vs 0.28%/yr for CERY.

Performance

LQTI vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Investment Grade & Target Income ETF (LQTI) 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, LQTI achieves a 0.47% return, which is significantly lower than CERY's 18.11% return.

LQTI

• 1D: 0.16%
• 1M: 0.54%
• YTD: 0.47%
• 6M: 1.08%
• 1Y: 4.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CERY

• 1D: -1.20%
• 1M: -9.49%
• YTD: 18.11%
• 6M: 16.37%
• 1Y: 27.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LQTI vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025
LQTI FT Vest Investment Grade & Target Income ETF	0.47%	6.59%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	18.11%	9.28%

Correlation

The correlation between LQTI and CERY is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.16

Return for Risk

LQTI vs. CERY — Risk / Return Rank

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

LQTI

LQTI Risk / Return Rank: 29
LQTI Sharpe Ratio Rank: 28
LQTI Sortino Ratio Rank: 27
LQTI Omega Ratio Rank: 25
LQTI Calmar Ratio Rank: 31
LQTI Martin Ratio Rank: 32

CERY

CERY Risk / Return Rank: 53
CERY Sharpe Ratio Rank: 56
CERY Sortino Ratio Rank: 52
CERY Omega Ratio Rank: 52
CERY Calmar Ratio Rank: 47
CERY Martin Ratio Rank: 60

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.

LQTI vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Investment Grade & Target Income ETF (LQTI) 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.

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.

	LQTI	CERY	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.78	-0.81
Sortino ratio: Return per unit of downside risk	1.41	2.38	-0.97
Omega ratio: Gain probability vs. loss probability	1.17	1.31	-0.14
Calmar ratio: Return relative to maximum drawdown	1.45	2.21	-0.76
Martin ratio: Return relative to average drawdown	4.30	10.02	-5.72

LQTI vs. CERY - Sharpe Ratio Comparison

The current LQTI Sharpe Ratio is 0.97, which is lower than the CERY Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of LQTI 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.

Drawdowns

LQTI vs. CERY - Drawdown Comparison

The maximum LQTI drawdown since its inception was -3.41%, smaller than the maximum CERY drawdown of -12.44%. Use the drawdown chart below to compare losses from any high point for LQTI and CERY.

Drawdown Indicators

	LQTI	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-3.41%	-12.44%	+9.03%
Max Drawdown (1Y) Largest decline over 1 year	-3.41%	-12.44%	+9.03%
Current Drawdown Current decline from peak	-1.13%	-12.44%	+11.31%
Average Drawdown Average peak-to-trough decline	-0.90%	-2.29%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	2.76%	-1.61%

Volatility

LQTI vs. CERY - Volatility Comparison

The current volatility for FT Vest Investment Grade & Target Income ETF (LQTI) is 1.54%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 3.64%. This indicates that LQTI experiences smaller price fluctuations and is considered to be less risky than CERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQTI	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	3.64%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	4.13%	13.63%	-9.50%
Volatility (1Y) Calculated over the trailing 1-year period	5.11%	15.66%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.94%	14.74%	-8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.94%	14.74%	-8.80%

LQTI vs. CERY - Expense Ratio Comparison

LQTI has a 0.65% expense ratio, which is higher than CERY's 0.28% expense ratio.

Dividends

LQTI vs. CERY - Dividend Comparison

LQTI's dividend yield for the trailing twelve months is around 9.08%, more than CERY's 4.23% yield.

Position	TTM	2025	2024
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	4.23%	4.99%	0.52%
LQTI FT Vest Investment Grade & Target Income ETF	9.08%	7.01%	0.00%

Frequently Asked Questions

Can I hold both LQTI and CERY in my portfolio?

LQTI and CERY have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LQTI or CERY?

CERY has higher volatility (3.64%) compared to LQTI (1.54%). In terms of maximum drawdown, LQTI dropped -3.41% vs CERY's -12.44%.

Which ETF is better, LQTI or CERY?

On 1-year performance, CERY leads with 27.40% vs 4.91% for LQTI. On fees, CERY is cheaper at 0.28% per year. On volatility, LQTI has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LQTI or CERY?

Over the 1-year period, CERY has performed better with a 27.40% return vs 4.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LQTI or CERY?

CERY is cheaper with a 0.28% expense ratio, compared with 0.65% for LQTI.

Which ETF pays a higher dividend yield, LQTI or CERY?

LQTI has the higher dividend yield at 9.08%, compared with 4.23% for CERY.

What is the main difference between LQTI and CERY?

LQTI is categorized as Derivative Income, while CERY is Commodities. They also come from different issuers: FT Vest and State Street. Their fees differ too: 0.65% for LQTI and 0.28% for CERY.

Which has better risk-adjusted returns?

CERY currently has the higher Sharpe Ratio (1.78 vs 0.97), 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.