NYM vs. CERY

Last updated Jun 24, 2026

NYM (AB New York Intermediate Municipal ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - NYM is a Municipal Bonds fund actively managed by AllianceBernstein, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. NYM is actively managed, while CERY is passively managed. At a correlation of -0.11, they often move in opposite directions. NYM charges 0.27%/yr vs 0.28%/yr for CERY.

Performance

NYM vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB New York Intermediate Municipal ETF (NYM) 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, NYM achieves a 1.55% return, which is significantly lower than CERY's 18.11% return.

NYM

• 1D: -0.04%
• 1M: 0.92%
• YTD: 1.55%
• 6M: 1.61%
• 1Y: —
• 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)

NYM vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025
NYM AB New York Intermediate Municipal ETF	1.55%	0.47%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	18.11%	2.63%

Correlation

The correlation between NYM and CERY is -0.11, 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 (All Time) Calculated using the full available price history since Nov 10, 2025	-0.11

Return for Risk

NYM vs. CERY — Risk / Return Rank

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

NYM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NYM vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) 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.

	NYM	CERY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.38	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.21	—
Martin ratio: Return relative to average drawdown	—	10.02	—

Drawdowns

NYM vs. CERY - Drawdown Comparison

The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum CERY drawdown of -12.44%. Use the drawdown chart below to compare losses from any high point for NYM and CERY.

Drawdown Indicators

	NYM	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-12.44%	+10.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.44%	—
Current Drawdown Current decline from peak	-0.11%	-12.44%	+12.33%
Average Drawdown Average peak-to-trough decline	-0.40%	-2.29%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.76%	—

Volatility

Volatility by Period

	NYM	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	15.66%	-13.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.03%	14.74%	-12.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.03%	14.74%	-12.71%

NYM vs. CERY - Expense Ratio Comparison

NYM has a 0.27% expense ratio, which is lower than CERY's 0.28% expense ratio.

Dividends

NYM vs. CERY - Dividend Comparison

NYM's dividend yield for the trailing twelve months is around 1.73%, less 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%
NYM AB New York Intermediate Municipal ETF	1.73%	0.49%	0.00%

Frequently Asked Questions

Can I hold both NYM and CERY in my portfolio?

NYM and CERY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NYM or CERY?

On fees, NYM is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NYM or CERY?

NYM is cheaper with a 0.27% expense ratio, compared with 0.28% for CERY.

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

CERY has the higher dividend yield at 4.23%, compared with 1.73% for NYM.

What is the main difference between NYM and CERY?

NYM is categorized as Municipal Bonds, while CERY is Commodities. They also come from different issuers: AllianceBernstein and State Street. Their fees differ too: 0.27% for NYM and 0.28% for CERY.