CERY vs IVV
CERY vs IVV
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CERY delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CERY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.03% | |
| AUM | $981M | $865.2B | |
| Dividend Yield | 4.28% | 1.09% | |
| Holdings | 11 | 508 | |
| YTD Return | +25.21% | +13.80% | |
| 1Y Return | +37.71% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 14.1% | 15.1% | |
| Max Drawdown | -14.3% | -56.5% | |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) | |
| Category | Commodity | Equity | |
| Inception | Sep 4, 2024 | May 15, 2000 |
CERY vs IVV Performance
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is a ETF from State Street Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CERY returned +37.71% while IVV returned +23.70%. Year to date, CERY is up 25.21% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.1% for CERY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.3% for CERY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.00. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CERY charges 0.28% per year while IVV charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, CERY currently yields 4.28% against 1.09% for IVV.
Holdings Overlap
CERY and IVV share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CERY or IVV?
CERY has an expense ratio of 0.28% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, CERY or IVV?
Over the past year CERY returned +37.71% vs +23.70% for IVV, so CERY leads on 1-year performance. Over the longest common window we track (2 years), CERY annualized +24.04% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, CERY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.1% for CERY. Worst drawdown: CERY -14.3% vs IVV -56.5%.
Should I hold both CERY and IVV?
CERY and IVV have a monthly-return correlation of 0.00, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CERY and IVV?
CERY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, CERY or IVV?
CERY yields 4.28% while IVV yields 1.09%, so CERY currently pays the higher dividend yield.
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