CERY vs SCHD
CERY vs SCHD
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. CERY delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | CERY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.06% | |
| AUM | $981M | $103.7B | |
| Dividend Yield | 4.28% | 3.31% | |
| Holdings | 11 | 104 | |
| YTD Return | +25.21% | +24.26% | |
| 1Y Return | +37.71% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 14.1% | 13.6% | |
| Max Drawdown | -14.3% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Commodity | Equity | |
| Inception | Sep 4, 2024 | Oct 20, 2011 |
CERY vs SCHD Performance
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CERY returned +37.71% while SCHD returned +31.38%. Year to date, CERY is up 25.21% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
CERY has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CERY charges 0.28% per year while SCHD charges 0.06%. On a $10,000 position that is $28 vs $6 annually, a gap of $22 per year that compounds over a long holding period. On income, CERY currently yields 4.28% against 3.31% for SCHD.
Holdings Overlap
CERY and SCHD share 0 holdings out of 102 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 SCHD?
CERY has an expense ratio of 0.28% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, CERY or SCHD?
Over the past year CERY returned +37.71% vs +31.38% for SCHD, so CERY leads on 1-year performance. Over the longest common window we track (2 years), CERY annualized +24.04% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, CERY or SCHD?
CERY has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: CERY -14.3% vs SCHD -33.4%.
Should I hold both CERY and SCHD?
CERY and SCHD have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CERY and SCHD?
CERY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, CERY or SCHD?
CERY yields 4.28% while SCHD yields 3.31%, so CERY currently pays the higher dividend yield.
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