TMDV vs. CERY
TMDV (ProShares Russell U.S. Dividend Growers ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - TMDV is a Mid Cap Value Equities fund tracking the Russell 3000 Dividend Elite Index, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, TMDV returned 11.91% vs 27.02% for CERY. At a correlation of -0.06, they often move in opposite directions. TMDV charges 0.35%/yr vs 0.28%/yr for CERY.
Performance
TMDV vs. CERY - Performance Comparison
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Returns By Period
In the year-to-date period, TMDV achieves a 7.76% return, which is significantly lower than CERY's 20.35% return.
TMDV
- 1D
- 0.40%
- 1M
- 2.56%
- YTD
- 7.76%
- 6M
- 7.13%
- 1Y
- 11.91%
- 3Y*
- 5.23%
- 5Y*
- 4.06%
- 10Y*
- —
CERY
- 1D
- -0.55%
- 1M
- -8.10%
- YTD
- 20.35%
- 6M
- 20.89%
- 1Y
- 27.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMDV vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TMDV ProShares Russell U.S. Dividend Growers ETF | 7.76% | 2.91% | -3.52% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 20.35% | 15.68% | 3.80% |
Correlation
The correlation between TMDV 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 (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.06 |
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Return for Risk
TMDV vs. CERY — Risk / Return Rank
TMDV
CERY
TMDV vs. CERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) 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.
| TMDV | CERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.51 | -1.29 |
| Martin ratioReturn relative to average drawdown | 2.95 | 9.85 | -6.90 |
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Drawdowns
TMDV vs. CERY - Drawdown Comparison
The maximum TMDV drawdown since its inception was -33.42%, which is greater than CERY's maximum drawdown of -10.78%. Use the drawdown chart below to compare losses from any high point for TMDV and CERY.
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Drawdown Indicators
| TMDV | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.42% | -10.78% | -22.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -10.78% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | — | — |
Current DrawdownCurrent decline from peak | -3.67% | -10.78% | +7.11% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -2.25% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.76% | +1.30% |
Volatility
TMDV vs. CERY - Volatility Comparison
The current volatility for ProShares Russell U.S. Dividend Growers ETF (TMDV) is 3.22%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 3.74%. This indicates that TMDV 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
| TMDV | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.74% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 13.59% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 15.59% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 14.73% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 14.73% | +3.88% |
TMDV vs. CERY - Expense Ratio Comparison
TMDV has a 0.35% expense ratio, which is higher than CERY's 0.28% expense ratio.
Dividends
TMDV vs. CERY - Dividend Comparison
TMDV's dividend yield for the trailing twelve months is around 2.55%, less than CERY's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TMDV ProShares Russell U.S. Dividend Growers ETF | 2.55% | 2.65% | 2.70% | 2.45% | 2.46% | 2.14% | 2.28% | 0.16% |
Frequently Asked Questions
TMDV 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.
CERY has higher volatility (3.74%) compared to TMDV (3.22%). In terms of maximum drawdown, TMDV dropped -33.42% vs CERY's -10.78%.
On 1-year performance, CERY leads with 27.02% vs 11.91% for TMDV. On fees, CERY is cheaper at 0.28% per year. On volatility, TMDV has been the lower-risk option at 3.22%. 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 11.91%. 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 0.35% for TMDV.
CERY has the higher dividend yield at 4.15%, compared with 2.55% for TMDV.
TMDV is categorized as Mid Cap Value Equities, while CERY is Commodities. TMDV tracks Russell 3000 Dividend Elite Index, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.35% for TMDV and 0.28% for CERY.
CERY currently has the higher Sharpe Ratio (1.73 vs 0.98), 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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