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CERY vs DBC

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

CERYANYSE Arca

Invesco DB Commodity Index Tracking Fund

DBCCNYSE Arca

Overlap

Expense ratio

CERY −0.61pt a year

CERY0.28%DBC0.89%

Avg volume · 30D

DBC 4.0×the volume

CERY216KDBC867K

CERY vs DBC Performance

Oct 31, 2025 – Oct 30, 2026

+43.1%CERY+51.8%DBC

Oct 31, 2025 to Oct 30, 2026. CERY +43.1%. DBC +51.8%. Use the arrow keys to read each point.0%10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
CERY 0.28%, better
DBC 0.89%
Fund size
CERY $1.27B
DBC $1.94B
1Y total return
CERY +43.1%
DBC +51.8%, better
Yield (12M)
CERY 3.59%, better
DBC 2.21%
Holdings
CERY 12
DBC 28
Avg volume (30D)
CERY 216K sh
DBC 867K sh, better
NAV per share
CERY $39.89
DBC $33.77
52W range

ETF.net Grade

CERY: Cost 84, Risk 66, Mission not scored, Tradability 78, Holdings not scored, Durability 64. DBC: Cost 18, Risk 44, Mission not scored, Tradability 72, Holdings 55, Durability 81.
Pillar letters and Scores for CERY, DBC, with each pillar’s weight
PillarCERYDBC
Cost30% weightA84HigherF18
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherC44
Tradability15% weightA78HigherA72
Holdings10% weightNot scoredB55
Durability5% weightB64A81Higher

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 DBC 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 DBC 16th 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 15CISTMiShares Strategic Metals ETFScore 45
  4. Rank 16CDBCInvesco DB Commodity Index Tracking FundScore 43
  5. Rank 17CGSGiShares S&P GSCI Commodity-Indexed TrustScore 41

Our read on each fund

ETF.net Research

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

DBCCInvesco DB Commodity Index Tracking Fund

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.

DBC One of the original broad commodity ETFs, running since 2006: roughly 30 futures positions and an index built to pick contracts by roll yield, not by default. Big, actively traded, and still a K-1 partnership.

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.

DBC The Fund seeks to track positive or negative changes in the DBIQ Optimum Yield Diversified Commodity Index Excess Return.

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.
  • DBC Live since 2006, making it one of the longest-running broad commodity funds around, and it still sits in the multi-billion-dollar, actively traded tier of its category.
  • "Optimum Yield" is in the index name for a reason: the rules choose which contract along each commodity's futures curve to hold instead of defaulting to the nearest month.invesco.com
  • One ticker for a diversified basket of about 30 commodity futures positions, with no futures account, margin calls, or roll dates to manage yourself.invesco.com

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.
  • DBC The 0.89% expense ratio is the trade-off: K-1-free peers such as BCI (0.26%) and CMDY (0.29%) cover similar ground for a fraction of the fee.
  • It is a commodity partnership, so tax season brings a Schedule K-1 rather than a 1099. Several newer competitors were built specifically to avoid that form.invesco.com
  • The fund follows its index's futures prices and roll choices, not spot prices, so it can move differently from the oil or copper headlines you see quoted.

Full CERY profile⁠

Full DBC profile⁠

CERY vs DBC 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 DBC Cost

Overpaying DBC vs CERY

$11,117

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

  • CERY 0.28%

    $5,755

  • DBC 0.89%

    $16,872

$10,000
30 years

Cost over time

  • CERY 0.28%
  • DBC 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DBC $16,872CERY $5,755

Year by year

YearCERYDBCOverpaying
10$509$1,576$1,067
20$1,976$5,953$3,977
30$5,755$16,872$11,117

Expense ratio

  • 0.28%CERY, cheaper
  • 0.89%DBC
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

CERY 3rd cheapest of 21 funds

DBC 17th cheapest of 21 funds

CERY vs DBC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CERY 3.59%, better
DBC 2.21%
Payout (12M)
CERY $1.43
DBC $0.74
Last payment
CERY $1.43
DBC $0.74
Ex-dividend
CERY Dec 29, 2025
DBC Dec 22, 2025
Paid on
CERY Dec 31, 2025
DBC Dec 26, 2025
Frequency
CERY Annual
DBC 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$12017202020232026YTD
DBCAnnual · 6 paymentsAll DBC payments⁠
One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.19; Dec 23, 2019 $0.25; Dec 19, 2022 $0.15; Dec 18, 2023 $1.09; Dec 23, 2024 $1.12; Dec 22, 2025 $0.74. Use the arrow keys to read each point.$0$12017202020232026YTD

CERY vs DBC 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 2024DBC 16.6%
Return per unit of riskSharpe ratio, 3 years
CERY 1.41since Oct 2024DBC 0.71
Worst fallMax drawdown, 5 years
CERY −14.3%since Sep 2024DBC −27.4%
Market sensitivityBeta, 5 years
CERY 0.03DBC 1.05

CERY and DBC 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
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    Category
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  • DBCCvsCMDYA

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    Expense ratio
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    Category
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