UBEW vs. CERY

Last updated Aug 1, 2026

UBEW (Roundhill UBER WeeklyPay ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - UBEW is a Leveraged Equities fund actively managed by Roundhill, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. UBEW is actively managed, while CERY is passively managed. Their -0.09 correlation means they have often moved in opposite directions in the past. UBEW charges 0.99%/yr vs 0.28%/yr for CERY.

Performance

UBEW vs. CERY - Performance Comparison

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

Returns By Period

In the year-to-date period, UBEW achieves a -18.40% return, which is significantly lower than CERY's 25.95% return.

UBEW

• 1D: -0.02%
• 1M: -6.79%
• 6M: -16.16%
• YTD: -18.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CERY

• 1D: -0.22%
• 1M: 7.79%
• 6M: 15.18%
• YTD: 25.95%
• 1Y: 38.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	$5.02M	$9.94M	$6.85M
UBEW Roundhill UBER WeeklyPay ETF	$64.73K	$104.09K	$137.20K

UBEW vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025
UBEW Roundhill UBER WeeklyPay ETF	-18.40%	-16.62%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	25.95%	3.50%

Correlation

The correlation between UBEW and CERY is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	-0.09

Return for Risk

UBEW vs. CERY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UBEW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CERY

CERY Risk / Return Rank: 83
CERY Sharpe Ratio Rank: 91
CERY Sortino Ratio Rank: 88
CERY Omega Ratio Rank: 87
CERY Calmar Ratio Rank: 75
CERY Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UBEW vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill UBER WeeklyPay ETF (UBEW) 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.

	UBEW	CERY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.30	—
Sortino ratio: Return per unit of downside risk	—	3.02	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	2.60	—
Martin ratio: Return relative to average drawdown	—	8.97	—

Drawdowns

UBEW vs. CERY - Drawdown Comparison

The maximum UBEW drawdown since its inception was -41.53%, which is greater than CERY's maximum drawdown of -14.33%. Use the drawdown chart below to compare losses from any high point for UBEW and CERY.

Drawdown Indicators

	UBEW	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-41.53%	-14.33%	-27.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.33%	—
Current Drawdown Current decline from peak	-36.87%	-6.62%	-30.25%
Average Drawdown Average peak-to-trough decline	-26.92%	-2.69%	-24.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.15%	—

Volatility

Volatility by Period

	UBEW	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	43.30%	16.20%	+27.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.30%	14.94%	+28.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.30%	14.94%	+28.36%

UBEW vs. CERY - Expense Ratio Comparison

UBEW has a 0.99% expense ratio, which is higher than CERY's 0.28% expense ratio.

Dividends

UBEW vs. CERY - Dividend Comparison

UBEW's dividend yield for the trailing twelve months is around 41.60%, more than CERY's 3.97% yield.

Position	TTM	2025	2024
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	3.97%	4.99%	0.52%
UBEW Roundhill UBER WeeklyPay ETF	41.60%	8.98%	0.00%

Frequently Asked Questions

Can I hold both UBEW and CERY in my portfolio?

UBEW and CERY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBEW or CERY?

On fees, CERY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UBEW or CERY?

CERY is cheaper with a 0.28% expense ratio, compared with 0.99% for UBEW.

Which ETF pays a higher dividend yield, UBEW or CERY?

UBEW has the higher dividend yield at 41.60%, compared with 3.97% for CERY.

What is the main difference between UBEW and CERY?

UBEW is categorized as Leveraged Equities, while CERY is Commodities. They also come from different issuers: Roundhill and State Street. Their fees differ too: 0.99% for UBEW and 0.28% for CERY.