CERY vs VOO
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CERY delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CERY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.03% | |
| AUM | $1.0B | $997.4B | |
| Dividend Yield | 3.97% | 1.08% | |
| Holdings | 11 | 509 | |
| YTD Return | +33.16% | +13.49% | |
| 1Y Return | +44.03% | +20.64% | |
| 3Y Return (annualized) | - | +21.93% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 14.4% | 14.1% | |
| Max Drawdown | -14.3% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Sep 4, 2024 | Sep 7, 2010 |
CERY vs VOO Performance
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CERY returned +44.03% while VOO returned +20.64%. Year to date, CERY is up 33.16% versus a gain of 13.49% for VOO.
Risk: Volatility and Drawdowns
CERY has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CERY charges 0.28% per year while VOO 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 3.97% against 1.08% for VOO.
Holdings Overlap
CERY and VOO 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 VOO?
CERY has an expense ratio of 0.28% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, CERY or VOO?
Over the past year CERY returned +44.03% vs +20.64% for VOO, so CERY leads on 1-year performance. Over the longest common window we track (2 years), CERY annualized +27.21% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, CERY or VOO?
CERY has been the more volatile fund at 14.4% annualized versus 14.1% for VOO. Worst drawdown: CERY -14.3% vs VOO -34.3%.
Should I hold both CERY and VOO?
CERY and VOO have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CERY and VOO?
CERY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, CERY or VOO?
CERY yields 3.97% while VOO yields 1.08%, so CERY currently pays the higher dividend yield.
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