SOYB vs. CERY
SOYB (Teucrium Soybean Fund) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, SOYB returned 14.47% vs 44.30% for CERY. At a 0.36 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.28%/yr for CERY.
Performance
SOYB vs. CERY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SOYB achieves a 12.90% return, which is significantly lower than CERY's 29.88% return.
SOYB
- 1D
- -1.00%
- 1M
- -2.14%
- YTD
- 12.90%
- 6M
- 6.01%
- 1Y
- 14.47%
- 3Y*
- -0.07%
- 5Y*
- 0.26%
- 10Y*
- 1.86%
CERY
- 1D
- 0.06%
- 1M
- -1.63%
- YTD
- 29.88%
- 6M
- 30.50%
- 1Y
- 44.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOYB vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOYB Teucrium Soybean Fund | 12.90% | 1.77% | -4.30% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 29.88% | 15.68% | 3.92% |
Correlation
The correlation between SOYB and CERY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SOYB vs. CERY — Risk / Return Rank
SOYB
CERY
SOYB vs. CERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) 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.
| SOYB | CERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.51 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 6.38 | -4.72 |
| Martin ratioReturn relative to average drawdown | 4.06 | 20.66 | -16.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SOYB | CERY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 2.90 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 2.00 | -2.00 |
Drawdowns
SOYB vs. CERY - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, which is greater than CERY's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for SOYB and CERY.
Loading charts...
Drawdown Indicators
| SOYB | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -10.05% | -43.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -6.98% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | — | — |
Current DrawdownCurrent decline from peak | -15.80% | -3.71% | -12.09% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -2.11% | -23.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.15% | +1.42% |
Volatility
SOYB vs. CERY - Volatility Comparison
The current volatility for Teucrium Soybean Fund (SOYB) is 4.05%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 4.94%. This indicates that SOYB 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.
Loading charts...
Volatility by Period
| SOYB | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 4.94% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 13.29% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 15.37% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 14.71% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 14.71% | +2.27% |
SOYB vs. CERY - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than CERY's 0.28% expense ratio.
Dividends
SOYB vs. CERY - Dividend Comparison
SOYB has not paid dividends to shareholders, while CERY's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 3.85% | 4.99% | 0.52% |
SOYB Teucrium Soybean Fund | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOYB and CERY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CERY has higher volatility (4.94%) compared to SOYB (4.05%). In terms of maximum drawdown, SOYB dropped -53.76% vs CERY's -10.05%.
On 1-year performance, CERY leads with 44.30% vs 14.47% for SOYB. On fees, CERY is cheaper at 0.28% per year. On volatility, SOYB has been the lower-risk option at 4.05%. 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 44.30% return vs 14.47%. 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 1.88% for SOYB.
CERY has the higher dividend yield at 3.85%, compared with 0.00% for SOYB.
SOYB is categorized as Agricultural Commodities, while CERY is Commodities. SOYB tracks Teucrium Soybean Fund Benchmark, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: Teucrium and State Street. Their fees differ too: 1.88% for SOYB and 0.28% for CERY.
CERY currently has the higher Sharpe Ratio (2.90 vs 1.11), 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.
Find the right allocation for SOYB and CERY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer