RSPF vs. CERY
RSPF (Invesco S&P 500 Equal Weight Financials ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - RSPF is a Financials Equities fund tracking the S&P 500 Equal Weighted / Financials -SEC, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, RSPF returned 4.81% vs 26.93% for CERY. At a correlation of -0.02, they often move in opposite directions. RSPF charges 0.40%/yr vs 0.28%/yr for CERY.
Performance
RSPF vs. CERY - Performance Comparison
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Returns By Period
In the year-to-date period, RSPF achieves a -0.87% return, which is significantly lower than CERY's 15.55% return.
RSPF
- 1D
- -0.37%
- 1M
- 2.13%
- YTD
- -0.87%
- 6M
- -2.50%
- 1Y
- 4.81%
- 3Y*
- 17.85%
- 5Y*
- 6.97%
- 10Y*
- 12.47%
CERY
- 1D
- -2.16%
- 1M
- -11.45%
- YTD
- 15.55%
- 6M
- 13.60%
- 1Y
- 26.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSPF vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RSPF Invesco S&P 500 Equal Weight Financials ETF | -0.87% | 10.23% | 6.84% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 15.55% | 15.68% | 3.80% |
Correlation
The correlation between RSPF and CERY is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.02 |
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Return for Risk
RSPF vs. CERY — Risk / Return Rank
RSPF
CERY
RSPF vs. CERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Financials ETF (RSPF) 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.
| RSPF | CERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.89 | -1.55 |
| Martin ratioReturn relative to average drawdown | 0.94 | 9.35 | -8.41 |
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Drawdowns
RSPF vs. CERY - Drawdown Comparison
The maximum RSPF drawdown since its inception was -81.32%, which is greater than CERY's maximum drawdown of -14.33%. Use the drawdown chart below to compare losses from any high point for RSPF and CERY.
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Drawdown Indicators
| RSPF | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.32% | -14.33% | -66.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.13% | -14.33% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.80% | — | — |
Current DrawdownCurrent decline from peak | -3.74% | -14.33% | +10.59% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -2.32% | -16.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 2.89% | +2.26% |
Volatility
RSPF vs. CERY - Volatility Comparison
Invesco S&P 500 Equal Weight Financials ETF (RSPF) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) have volatilities of 4.14% and 4.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPF | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 4.01% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 13.81% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 15.66% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 14.82% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.86% | 14.82% | +8.04% |
RSPF vs. CERY - Expense Ratio Comparison
RSPF has a 0.40% expense ratio, which is higher than CERY's 0.28% expense ratio.
Dividends
RSPF vs. CERY - Dividend Comparison
RSPF's dividend yield for the trailing twelve months is around 1.63%, less than CERY's 4.32% 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 | 4.32% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPF Invesco S&P 500 Equal Weight Financials ETF | 1.63% | 1.55% | 1.65% | 2.16% | 1.95% | 1.56% | 2.24% | 1.85% | 2.51% | 1.28% | 37.55% | 2.17% |
Frequently Asked Questions
RSPF and CERY have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPF has higher volatility (4.14%) compared to CERY (4.01%). In terms of maximum drawdown, RSPF dropped -81.32% vs CERY's -14.33%.
On 1-year performance, CERY leads with 26.93% vs 4.81% for RSPF. On fees, CERY is cheaper at 0.28% per year. On volatility, CERY has been the lower-risk option at 4.01%. 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 26.93% return vs 4.81%. 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 0.40% for RSPF.
CERY has the higher dividend yield at 4.32%, compared with 1.63% for RSPF.
RSPF is categorized as Financials Equities, while CERY is Commodities. RSPF tracks S&P 500 Equal Weighted / Financials -SEC, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.40% for RSPF and 0.28% for CERY.
CERY currently has the higher Sharpe Ratio (1.74 vs 0.32), 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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