TILL vs. CERY

Last updated Apr 3, 2026

Compare and contrast key facts about Teucrium Agricultural Strategy No K-1 ETF (TILL) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY).

TILL and CERY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TILL is an actively managed fund by Teucrium. It was launched on May 16, 2022. CERY is a passively managed fund by State Street that tracks the performance of the Bloomberg Enhanced Roll Yield Total Return Index. It was launched on Sep 4, 2024.

Performance

TILL vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Agricultural Strategy No K-1 ETF (TILL) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). The values are adjusted to include any dividend payments, if applicable.

TILL vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TILL Teucrium Agricultural Strategy No K-1 ETF	8.82%	-5.97%	-2.76%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	23.47%	15.68%	3.92%

Returns By Period

In the year-to-date period, TILL achieves a 8.82% return, which is significantly lower than CERY's 23.47% return.

TILL

• 1D: -0.17%
• 1M: 4.82%
• YTD: 8.82%
• 6M: 6.30%
• 1Y: -0.98%
• 3Y*: -5.59%
• 5Y*: —
• 10Y*: —

CERY

• 1D: 1.21%
• 1M: 7.54%
• YTD: 23.47%
• 6M: 29.27%
• 1Y: 32.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TILL vs. CERY - Expense Ratio Comparison

TILL has a 0.89% expense ratio, which is higher than CERY's 0.28% expense ratio.

TILL

Teucrium Agricultural Strategy No K-1 ETF

CERY

SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

Return for Risk

TILL vs. CERY — Risk / Return Rank

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

TILL

TILL Risk / Return Rank: 9
TILL Sharpe Ratio Rank: 10
TILL Sortino Ratio Rank: 8
TILL Omega Ratio Rank: 9
TILL Calmar Ratio Rank: 9
TILL Martin Ratio Rank: 9

CERY

CERY Risk / Return Rank: 87
CERY Sharpe Ratio Rank: 88
CERY Sortino Ratio Rank: 89
CERY Omega Ratio Rank: 85
CERY Calmar Ratio Rank: 88
CERY Martin Ratio Rank: 84

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.

TILL vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Agricultural Strategy No K-1 ETF (TILL) 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.

	TILL	CERY	Difference
Sharpe ratio Return per unit of total volatility	-0.09	1.97	-2.05
Sortino ratio Return per unit of downside risk	-0.04	2.58	-2.62
Omega ratio Gain probability vs. loss probability	1.00	1.35	-0.36
Calmar ratio Return relative to maximum drawdown	-0.07	3.28	-3.35
Martin ratio Return relative to average drawdown	-0.12	11.28	-11.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TILL vs. CERY - Sharpe Ratio Comparison

The current TILL Sharpe Ratio is -0.09, which is lower than the CERY Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of TILL and CERY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TILL	CERY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	1.97	-2.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	1.96	-2.50

Correlation

The correlation between TILL and CERY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TILL vs. CERY - Dividend Comparison

TILL's dividend yield for the trailing twelve months is around 4.56%, more than CERY's 4.05% yield.

	TTM	2025	2024	2023	2022
TILL Teucrium Agricultural Strategy No K-1 ETF	4.56%	4.97%	2.55%	51.24%	0.73%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	4.05%	4.99%	0.52%	0.00%	0.00%

Drawdowns

TILL vs. CERY - Drawdown Comparison

The maximum TILL drawdown since its inception was -33.76%, which is greater than CERY's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for TILL and CERY.

Drawdown Indicators

	TILL	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-33.76%	-10.05%	-23.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.94%	-7.16%	-2.78%
Current Drawdown Current decline from peak	-26.97%	-0.62%	-26.35%
Average Drawdown Average peak-to-trough decline	-21.15%	-2.18%	-18.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.33%	2.93%	+3.40%

Volatility

TILL vs. CERY - Volatility Comparison

The current volatility for Teucrium Agricultural Strategy No K-1 ETF (TILL) is 5.78%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 6.69%. This indicates that TILL 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

	TILL	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	6.69%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	12.85%	-4.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	16.46%	-4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	14.66%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	14.66%	-0.02%