QHY vs. CERY
QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - QHY is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond Index, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, QHY returned 6.83% vs 27.02% for CERY. At a correlation of -0.02, they often move in opposite directions. QHY charges 0.38%/yr vs 0.28%/yr for CERY.
Performance
QHY vs. CERY - Performance Comparison
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Returns By Period
In the year-to-date period, QHY achieves a 1.75% return, which is significantly lower than CERY's 20.35% return.
QHY
- 1D
- 0.24%
- 1M
- 0.69%
- YTD
- 1.75%
- 6M
- 2.02%
- 1Y
- 6.83%
- 3Y*
- 8.01%
- 5Y*
- 3.23%
- 10Y*
- 5.00%
CERY
- 1D
- -0.55%
- 1M
- -7.78%
- YTD
- 20.35%
- 6M
- 20.89%
- 1Y
- 27.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QHY vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.75% | 9.61% | 0.56% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 20.35% | 15.68% | 3.80% |
Correlation
The correlation between QHY and CERY is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.02 |
The correlation between QHY and CERY shifts across timeframes, from -0.13 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QHY vs. CERY — Risk / Return Rank
QHY
CERY
QHY vs. CERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.
| QHY | CERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.51 | +0.09 |
| Martin ratioReturn relative to average drawdown | 11.76 | 9.85 | +1.91 |
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Drawdowns
QHY vs. CERY - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, which is greater than CERY's maximum drawdown of -10.78%. Use the drawdown chart below to compare losses from any high point for QHY and CERY.
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Drawdown Indicators
| QHY | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -10.78% | -11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -10.78% | +8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -10.78% | +10.67% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -2.25% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.76% | -2.15% |
Volatility
QHY vs. CERY - Volatility Comparison
The current volatility for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) is 1.05%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 3.74%. This indicates that QHY 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.
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Volatility by Period
| QHY | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 3.74% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 13.59% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 15.59% | -11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 14.73% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.19% | 14.73% | -6.54% |
QHY vs. CERY - Expense Ratio Comparison
QHY has a 0.38% expense ratio, which is higher than CERY's 0.28% expense ratio.
Dividends
QHY vs. CERY - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.24%, more than CERY's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.15% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.24% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% |
Frequently Asked Questions
QHY and CERY have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CERY has higher volatility (3.74%) compared to QHY (1.05%). In terms of maximum drawdown, QHY dropped -22.74% vs CERY's -10.78%.
On 1-year performance, CERY leads with 27.02% vs 6.83% for QHY. On fees, CERY is cheaper at 0.28% per year. On volatility, QHY has been the lower-risk option at 1.05%. 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 27.02% return vs 6.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CERY is cheaper with a 0.28% expense ratio, compared with 0.38% for QHY.
QHY has the higher dividend yield at 6.24%, compared with 4.15% for CERY.
QHY is categorized as High Yield Bonds, while CERY is Commodities. QHY tracks WisdomTree U.S. High Yield Corporate Bond Index, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.38% for QHY and 0.28% for CERY.
QHY currently has the higher Sharpe Ratio (1.95 vs 1.73), 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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