CERY vs QQQ
CERY vs QQQ
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CERY delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | CERY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.18% | |
| AUM | $981M | $455.8B | |
| Dividend Yield | 4.28% | 0.41% | |
| Holdings | 11 | 108 | |
| YTD Return | +25.21% | +18.20% | |
| 1Y Return | +37.71% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 14.1% | 30.6% | |
| Max Drawdown | -14.3% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Sep 4, 2024 | Mar 10, 1999 |
CERY vs QQQ Performance
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CERY returned +37.71% while QQQ returned +27.63%. Year to date, CERY is up 25.21% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 -0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CERY charges 0.28% per year while QQQ charges 0.18%. On a $10,000 position that is $28 vs $18 annually, a gap of $10 per year that compounds over a long holding period. On income, CERY currently yields 4.28% against 0.41% for QQQ.
Holdings Overlap
CERY and QQQ share 0 holdings out of 105 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 QQQ?
CERY has an expense ratio of 0.28% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, CERY or QQQ?
Over the past year CERY returned +37.71% vs +27.63% for QQQ, so CERY leads on 1-year performance. Over the longest common window we track (2 years), CERY annualized +24.04% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, CERY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.1% for CERY. Worst drawdown: CERY -14.3% vs QQQ -83.0%.
Should I hold both CERY and QQQ?
CERY and QQQ have a monthly-return correlation of -0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CERY and QQQ?
CERY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, CERY or QQQ?
CERY yields 4.28% while QQQ yields 0.41%, so CERY currently pays the higher dividend yield.
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