WTBN vs. CERY

Last updated Jun 23, 2026

WTBN (WisdomTree Bianco Total Return Fund) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - WTBN is a Intermediate Core Bond fund tracking the Bianco Research Fixed Income Total Return Index, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, WTBN returned 3.69% vs 26.17% for CERY. At a correlation of -0.15, they often move in opposite directions. WTBN charges 0.59%/yr vs 0.28%/yr for CERY.

Performance

WTBN vs. CERY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Bianco Total Return Fund (WTBN) 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, WTBN achieves a 0.02% return, which is significantly lower than CERY's 19.54% return.

WTBN

• 1D: -0.28%
• 1M: 0.38%
• YTD: 0.02%
• 6M: 0.18%
• 1Y: 3.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CERY

• 1D: -0.67%
• 1M: -8.39%
• YTD: 19.54%
• 6M: 18.91%
• 1Y: 26.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTBN vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WTBN WisdomTree Bianco Total Return Fund	0.02%	6.90%	-1.96%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	19.54%	15.68%	3.80%

Correlation

The correlation between WTBN and CERY is -0.24, 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	-0.24
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	-0.15

Return for Risk

WTBN vs. CERY — Risk / Return Rank

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

WTBN

WTBN Risk / Return Rank: 28
WTBN Sharpe Ratio Rank: 29
WTBN Sortino Ratio Rank: 28
WTBN Omega Ratio Rank: 26
WTBN Calmar Ratio Rank: 27
WTBN Martin Ratio Rank: 28

CERY

CERY Risk / Return Rank: 50
CERY Sharpe Ratio Rank: 50
CERY Sortino Ratio Rank: 47
CERY Omega Ratio Rank: 47
CERY Calmar Ratio Rank: 48
CERY Martin Ratio Rank: 58

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.

WTBN vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bianco Total Return Fund (WTBN) 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.

	WTBN	CERY	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.68	-0.68
Sortino ratio: Return per unit of downside risk	1.47	2.26	-0.79
Omega ratio: Gain probability vs. loss probability	1.17	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	1.30	2.31	-1.02
Martin ratio: Return relative to average drawdown	3.78	9.93	-6.14

WTBN vs. CERY - Sharpe Ratio Comparison

The current WTBN Sharpe Ratio is 1.01, which is lower than the CERY Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of WTBN and CERY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WTBN vs. CERY - Drawdown Comparison

The maximum WTBN drawdown since its inception was -4.08%, smaller than the maximum CERY drawdown of -11.37%. Use the drawdown chart below to compare losses from any high point for WTBN and CERY.

Drawdown Indicators

	WTBN	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-11.37%	+7.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-11.37%	+8.51%
Current Drawdown Current decline from peak	-1.47%	-11.37%	+9.90%
Average Drawdown Average peak-to-trough decline	-1.14%	-2.27%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	2.83%	-1.85%

Volatility

WTBN vs. CERY - Volatility Comparison

The current volatility for WisdomTree Bianco Total Return Fund (WTBN) is 1.28%, while SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) has a volatility of 3.57%. This indicates that WTBN 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

	WTBN	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	3.57%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	13.57%	-10.75%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	15.63%	-11.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	14.73%	-10.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.55%	14.73%	-10.18%

WTBN vs. CERY - Expense Ratio Comparison

WTBN has a 0.59% expense ratio, which is higher than CERY's 0.28% expense ratio.

Dividends

WTBN vs. CERY - Dividend Comparison

WTBN's dividend yield for the trailing twelve months is around 3.97%, less than CERY's 4.18% yield.

Position	TTM	2025	2024	2023
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	4.18%	4.99%	0.52%	0.00%
WTBN WisdomTree Bianco Total Return Fund	3.97%	4.13%	3.47%	0.03%

Frequently Asked Questions

Can I hold both WTBN and CERY in my portfolio?

WTBN and CERY have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTBN or CERY?

CERY has higher volatility (3.57%) compared to WTBN (1.28%). In terms of maximum drawdown, WTBN dropped -4.08% vs CERY's -11.37%.

Which ETF is better, WTBN or CERY?

On 1-year performance, CERY leads with 26.17% vs 3.69% for WTBN. On fees, CERY is cheaper at 0.28% per year. On volatility, WTBN has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTBN or CERY?

Over the 1-year period, CERY has performed better with a 26.17% return vs 3.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTBN or CERY?

CERY is cheaper with a 0.28% expense ratio, compared with 0.59% for WTBN.

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

CERY has the higher dividend yield at 4.18%, compared with 3.97% for WTBN.

What is the main difference between WTBN and CERY?

WTBN is categorized as Intermediate Core Bond, while CERY is Commodities. WTBN tracks Bianco Research Fixed Income Total Return Index, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.59% for WTBN and 0.28% for CERY.

Which has better risk-adjusted returns?

CERY currently has the higher Sharpe Ratio (1.68 vs 1.01), 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.