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

10-Year Study

CERY.US · · US · ETF

Executive Summary: SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF has compounded at 25.8% annually over the last 10 years, with a maximum drawdown of 5.4% and an annualized volatility of 67.9%.

1Y CAGR
+46.3%
3Y CAGR
+25.8%
5Y CAGR
+25.8%
10Y CAGR
+25.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
5.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
1.94
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
2.62
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
11.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · +24.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · 15.7%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
100%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20269.44.18.51.2————————24.9%
20254.0-0.83.7-5.40.63.21.01.92.21.72.20.515.7%
2024—————————-0.2-0.90.6-0.5%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 67.9%. The dominant macroeconomic risk driver is SHV.US, accounting for 92.5% of variance. Idiosyncratic stock-specific factors contribute 0.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2024-09-0110000
2024-10-019980.888715068482
2024-11-019893.71867704751
2024-12-019950.971893509017
2025-01-0110352.712068736117
2025-02-0110271.99309735869
2025-03-0110652.565710161638
2025-04-0110075.920990561284
2025-05-0110141.278359493754
2025-06-0110468.0652041561
2025-07-0110574.910995439903
2025-08-0110779.45012720697
2025-09-0111013.946399700026
2025-10-0111198.446905705567
2025-11-0111448.345099810098
2025-12-0111511.122042085146
2026-01-0112587.64378822761
2026-02-0113099.697203059419
2026-03-0114208.474282419635
2026-04-0114373.78286516061
Annual Return Matrix
YearAnnual Return
20250.15678369563015337
20260.24868651488616456
Total Factor Risk
0.6792129209208673
VTI.US Exposure
0.004256587403838466
VEA.US Exposure
-0.0021612435207769825
VWO.US Exposure
0.006758013311082079
QQQ.US Exposure
0.0033983462746189066
VTV.US Exposure
0.012388190909412726
IJR.US Exposure
-0.0014515143380146452
QUAL.US Exposure
0.004652214224406257
SHV.US Exposure
0.9251545576532221
TLT.US Exposure
0.0015942289184592963
LQD.US Exposure
0.014739057431327224
HYG.US Exposure
0.0000904826064306933
GLD.US Exposure
0.001587773134996763
USO.US Exposure
0.014646487090669326
VNQ.US Exposure
0.0013712464729737513
BTC-USD.CC Exposure
-0.00008460107595213655
CPER.US Exposure
-0.00031836588404636235
VIX.INDX Exposure
0.0057766289725633855
UUP.US Exposure
0.0016587753933255034
TIP.US Exposure
0.004750818867831073
Idiosyncratic Exposure
0.001192316153632735
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
52.7
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
67.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.39%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+6.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+22.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF a high-risk investment?

SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY.US) has an annualized volatility of 67.9% and experienced a maximum drawdown of 5.4% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of CERY.US?

Over the past 10 years, CERY.US has generated a Compound Annual Growth Rate (CAGR) of 25.8%. It has had a positive return in 100% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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