ZCOM.NEO vs. CERY

Last updated Jun 25, 2026

ZCOM.NEO (BMO Broad Commodity ETF (CAD Units)) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both Commodities funds - ZCOM.NEO tracks the Bloomberg Commodity Index Total Return while CERY tracks the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. ZCOM.NEO charges 0.30%/yr vs 0.28%/yr for CERY.

Performance

ZCOM.NEO vs. CERY - Performance Comparison

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

Different Trading Currencies

ZCOM.NEO is traded in CAD, while CERY is traded in USD. To make them comparable, the CERY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZCOM.NEO achieves a 16.96% return, which is significantly lower than CERY's 19.90% return.

ZCOM.NEO

• 1D: -2.11%
• 1M: -9.28%
• YTD: 16.96%
• 6M: 18.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CERY

• 1D: -1.81%
• 1M: -8.66%
• YTD: 19.90%
• 6M: 17.95%
• 1Y: 31.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZCOM.NEO vs. CERY - Yearly Performance Comparison

	2026 (YTD)	2025
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	16.96%	1.56%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	19.90%	-0.79%

Correlation

The correlation between ZCOM.NEO and CERY is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.66

Return for Risk

ZCOM.NEO vs. CERY — Risk / Return Rank

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

ZCOM.NEO

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

CERY

CERY Risk / Return Rank: 54
CERY Sharpe Ratio Rank: 59
CERY Sortino Ratio Rank: 54
CERY Omega Ratio Rank: 55
CERY Calmar Ratio Rank: 42
CERY Martin Ratio Rank: 59

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.

ZCOM.NEO vs. CERY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Broad Commodity ETF (CAD Units) (ZCOM.NEO) 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.

	ZCOM.NEO	CERY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.99	—
Sortino ratio: Return per unit of downside risk	—	2.68	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.86	—
Martin ratio: Return relative to average drawdown	—	13.26	—

Drawdowns

ZCOM.NEO vs. CERY - Drawdown Comparison

The maximum ZCOM.NEO drawdown since its inception was -11.54%, roughly equal to the maximum CERY drawdown of -11.01%. Use the drawdown chart below to compare losses from any high point for ZCOM.NEO and CERY.

Drawdown Indicators

	ZCOM.NEO	CERY	Difference
Max Drawdown Largest peak-to-trough decline	-11.54%	-11.01%	-0.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.01%	—
Current Drawdown Current decline from peak	-11.54%	-11.01%	-0.53%
Average Drawdown Average peak-to-trough decline	-2.28%	-2.56%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	ZCOM.NEO	CERY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.59%	15.99%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.59%	15.65%	+6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.59%	15.65%	+6.94%

ZCOM.NEO vs. CERY - Expense Ratio Comparison

ZCOM.NEO has a 0.30% expense ratio, which is higher than CERY's 0.28% expense ratio.

Dividends

ZCOM.NEO vs. CERY - Dividend Comparison

ZCOM.NEO's dividend yield for the trailing twelve months is around 6.30%, more than CERY's 4.32% yield.

Position	TTM	2025	2024
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	4.32%	4.99%	0.52%
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	6.30%	2.09%	0.00%

Frequently Asked Questions

Can I hold both ZCOM.NEO and CERY in my portfolio?

ZCOM.NEO and CERY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZCOM.NEO 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, ZCOM.NEO or CERY?

CERY is cheaper with a 0.28% expense ratio, compared with 0.30% for ZCOM.NEO.

What is the main difference between ZCOM.NEO and CERY?

ZCOM.NEO tracks Bloomberg Commodity Index Total Return, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: BMO and State Street. Their fees differ too: 0.30% for ZCOM.NEO and 0.28% for CERY.