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CERY vs COMB

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

CERYANYSE Arca

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBANYSE Arca

Overlap

Expense ratio

COMB −0.03pt a year

CERY0.28%COMB0.25%

Avg volume · 30D

CERY 5.5×the volume

CERY216KCOMB39.2K

CERY vs COMB Performance

Oct 31, 2025 – Oct 30, 2026

+43.1%CERY+35.3%COMB

Oct 31, 2025 to Oct 30, 2026. CERY +43.1%. COMB +35.3%. Use the arrow keys to read each point.0%10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
CERY 0.28%
COMB 0.25%, better
Fund size
CERY $1.27B
COMB $159M
1Y total return
CERY +43.1%, better
COMB +35.3%
Yield (12M)
CERY 3.59%
COMB 6.88%, better
Holdings
CERY 12
COMB 28
Avg volume (30D)
CERY 216K sh, better
COMB 39.2K sh
NAV per share
CERY $39.89
COMB $27.90
52W range

ETF.net Grade

CERY: Cost 84, Risk 66, Mission not scored, Tradability 78, Holdings not scored, Durability 64. COMB: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30.
Pillar letters and Scores for CERY, COMB, with each pillar’s weight
PillarCERYCOMB
Cost30% weightA84A93Higher
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherC52
Tradability15% weightA78HigherC48
Holdings10% weightNot scoredNot scored
Durability5% weightB64HigherD30

Rank among Broad Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CERY and COMB are both graded against the same 21 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 21 funds
See all 21 ›

CERY ranks 1st and COMB 3rd of 21 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 77
  2. Rank 2ACMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  3. Rank 3ACOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 68
  4. Rank 4BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67

Our read on each fund

ETF.net Research

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

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

In short

CERY Broad commodity exposure without the K-1 envelope. CERY tracks Bloomberg's Enhanced Roll Yield index, a rules-based long-only basket held through synthetic futures, and charges 0.28% in a category where the typical fee is far higher.

COMB The cheapest ticket in the K-1-free commodity aisle: 0.25% for a broad basket of energy, metals, grain and livestock futures, wrapped so your tax packet is a Form 1099 instead of a Schedule K-1.

Stated mandate

CERY The fund seeks to track the Bloomberg Enhanced Roll Yield Total Return Index, which represents diversified, long-only exposure to broad commodities through synthetic futures positions.

COMB The fund seeks long-term capital appreciation mainly through exposure to commodity futures markets.

Why people hold it

  • CERY Costs 0.28% a year against a category norm nearer 0.68%. Fees bite hard in commodity futures funds, where there are no dividends to paper over the drag.
  • Tracks Bloomberg's Enhanced Roll Yield index: rules-based, long-only commodity exposure via synthetic futures. Roll mechanics come from index design, not a manager's call.ssga.com
  • Built as a 1940 Act fund, so shareholders get a 1099 rather than the partnership K-1 that many commodity futures vehicles send.ssga.com
  • Sits with BCI and BCD at the low-fee end of the broad commodity futures group and rates among the strongest implementations in it.
  • COMB At 0.25%, the lowest fee among the category's top-scoring broad commodity funds (BCI 0.26%, CERY 0.28%, CMDY 0.29%, BCD 0.30%) and below the category median.
  • Gains its futures exposure through a wholly owned Cayman subsidiary, so the fund is designed to be taxed like a conventional fund and issue a 1099, not a K-1.sec.gov
  • Benchmarked to the Bloomberg Commodity Index: about 30 positions across energy, metals, agriculture and livestock, with index rules capping any commodity group at 33%.bbhub.io
  • Live since 2017, long enough to have run through a full commodity boom and bust, and it sits in the top quartile of its peer group.

Worth knowing

  • CERY Launched in 2024, so the record is short. The roll rules have not been tested across a full commodity cycle yet.
  • Long-only by design. There is no short side, so a broad commodity downturn passes straight through to the fund.
  • Distributions come once or twice a year. This is commodity price exposure, not a paycheck.
  • COMB Thinly traded next to the category's household names, so spreads can widen. Matters most on bigger orders.
  • Returns ride the futures curve, not spot prices. Rolling contracts forward can add to or subtract from the move in a commodity's headline price.graniteshares.com
  • Actively managed rather than a strict index clone, with Treasury bills as collateral and cash paid out annually or semiannually, not monthly.graniteshares.com

Full CERY profile⁠

Full COMB profile⁠

CERY vs COMB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CERY vs COMB Cost

Overpaying CERY vs COMB

$596

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CERY 0.28%

    $5,755

  • COMB 0.25%

    $5,159

$10,000
30 years

Cost over time

  • CERY 0.28%
  • COMB 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530CERY $5,755COMB $5,159

Year by year

YearCERYCOMBOverpaying
10$509$455$54
20$1,976$1,769$207
30$5,755$5,159$596

Expense ratio

  • 0.28%CERY
  • 0.25%COMB, cheaper
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

COMB 2nd cheapest of 21 funds

CERY 3rd cheapest of 21 funds

CERY vs COMB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CERY 3.59%
COMB 6.88%, better
Payout (12M)
CERY $1.43
COMB $1.91
Last payment
CERY $1.43
COMB $1.91
Ex-dividend
CERY Dec 29, 2025
COMB Dec 29, 2025
Paid on
CERY Dec 31, 2025
COMB Dec 31, 2025
Frequency
CERY Annual
COMB Annual

Distribution history

Per share, 2017 to 2026, same scale for both

CERYAnnual · 2 paymentsAll CERY payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 27, 2024 $0.14; Dec 29, 2025 $1.43. Use the arrow keys to read each point.$0$52017202020232026YTD
COMBAnnual · 9 paymentsAll COMB payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.05; Dec 28, 2018 $0.22; Dec 30, 2019 $0.36; Dec 30, 2020 $0.02; Dec 30, 2021 $4.06; Dec 28, 2022 $6.94; Dec 13, 2023 $1.13; Dec 27, 2024 $0.49; Dec 29, 2025 $1.91. Use the arrow keys to read each point.$0$52017202020232026YTD

CERY vs COMB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CERY 14.0%since Oct 2024COMB 14.2%
Return per unit of riskSharpe ratio, 3 years
CERY 1.41since Oct 2024COMB 0.73
Worst fallMax drawdown, 5 years
CERY −14.3%since Sep 2024COMB −26.5%
Market sensitivityBeta, 5 years
CERY 0.03COMB 1.00

CERY and COMB in the news

All news⁠

Popular comparisons

  • CERYAvsCMDYA

    State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.28% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • COMBAvsCMDYA

    GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.25% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CERYAvsSDMFB

    State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    0.28% · 0.21%
    Category
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  • COMBAvsSDMFB

    GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    0.25% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CERYAvsBCDB

    State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF · abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

    Expense ratio
    0.28% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • COMBAvsBCDB

    GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF · abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

    Expense ratio
    0.25% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.