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CERY vs DCMT

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

CERYANYSE Arca

DoubleLine Commodity Strategy ETF

DCMTCNYSE Arca

Overlap

Expense ratio

CERY −0.38pt a year

CERY0.28%DCMT0.66%

Avg volume · 30D

CERY 20.1×the volume

CERY231KDCMT11.5K

CERY vs DCMT Performance

Nov 7, 2025 – Nov 9, 2026

+34.7%CERY+36.7%DCMT

Nov 7, 2025 to Nov 9, 2026. CERY +34.7%. DCMT +36.7%. Use the arrow keys to read each point.0%10%20%50%Nov 2025May 2026Nov 2026
Expense ratio
CERY 0.28%, better
DCMT 0.66%
Fund size
CERY $1.15B
DCMT $48M
1Y total return
CERY +34.7%
DCMT +36.7%, better
Yield (12M)
CERY 3.81%, better
DCMT 2.69%
Holdings
CERY 11
DCMT 11
Avg volume (30D)
CERY 231K sh, better
DCMT 11.5K sh
NAV per share
CERY $37.87
DCMT $36.27
52W range

ETF.net Grade

CERY: Cost 84, Risk 70, Mission not scored, Tradability 79, Holdings not scored, Durability 65. DCMT: Cost 55, Risk 42, Mission not scored, Tradability 28, Holdings not scored, Durability 26.
Pillar letters and Scores for CERY, DCMT, with each pillar’s weight
PillarCERYDCMT
Cost30% weightA84HigherB55
Mission25% weightNot scoredNot scored
Risk15% weightA70HigherC42
Tradability15% weightA79HigherD28
Holdings10% weightNot scoredNot scored
Durability5% weightB65HigherD26

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 DCMT are both graded against the same 22 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 22 funds
See all 22 ›

CERY ranks 1st and DCMT 15th of 22 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 78
  2. Rank 2ABCIabrdn Bloomberg All Commodity Strategy K-1 Free ETFScore 73
  3. Rank 15CDBCInvesco DB Commodity Index Tracking FundScore 43
  4. Rank 15CDCMTDoubleLine Commodity Strategy ETFScore 43
  5. Rank 15CISTMiShares Strategic Metals ETFScore 43

Our read on each fund

ETF.net Research

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

DCMTCDoubleLine Commodity Strategy 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.

DCMT DoubleLine's 2024 arrival in broad commodities: one long, global basket measured against the Bloomberg Commodity Total Return Index, wrapped as a 1940 Act fund and priced near the middle of the category.

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.

DCMT The fund seeks total return over full market cycles through long exposure to commodity-related investments.

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.
  • DCMT One ticket to a diversified global commodity book. The mandate is long exposure to commodity-related investments, measured against the Bloomberg Commodity Total Return Index.doubleline.com
  • A 0.66% expense ratio lands around the middle of the broad-basket commodity crowd, not at a premium.
  • Structured as a 1940 Act registered fund, the same wrapper behind the category's K-1-free options, so holders get standard fund tax reporting instead of partnership paperwork.doubleline.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.
  • DCMT The cheap seats are elsewhere. BCI (0.26%) and CMDY (0.29%) cover similar Bloomberg commodity ground for well under half the fee.
  • Launched in 2024, so the live record is short and the fund is small next to the category's entrenched names.
  • It trades lightly compared with the category's heavyweights, which can mean wider spreads at the moment you transact.

Full CERY profile⁠

Full DCMT profile⁠

CERY vs DCMT 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 DCMT Cost

Overpaying DCMT vs CERY

$7,141

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

  • CERY 0.28%

    $5,755

  • DCMT 0.66%

    $12,896

$10,000
30 years

Cost over time

  • CERY 0.28%
  • DCMT 0.66%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DCMT $12,896CERY $5,755

Year by year

YearCERYDCMTOverpaying
10$509$1,180$671
20$1,976$4,504$2,528
30$5,755$12,896$7,141

Expense ratio

  • 0.28%CERY, cheaper
  • 0.66%DCMT
  • Middle half of Broad Commodity Futures funds
  • Median 0.67%

CERY 4th cheapest of 22 funds

DCMT 11th cheapest of 22 funds

CERY vs DCMT Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
CERY 3.81%, better
DCMT 2.69%
Payout (12M)
CERY $1.43
DCMT $0.96
Last payment
CERY $1.43
DCMT $0.96
Ex-dividend
CERY Dec 29, 2025
DCMT Dec 23, 2025
Paid on
CERY Dec 31, 2025
DCMT Dec 30, 2025
Frequency
CERY Annual
DCMT Annual

Distribution history

Per share, 2024 to 2026, same scale for both

CERYAnnual · 2 paymentsAll CERY payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 27, 2024 $0.14; Dec 29, 2025 $1.43. Use the arrow keys to read each point.$0$12026YTD
DCMTAnnual · 2 paymentsAll DCMT payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.41; Dec 23, 2025 $0.96. Use the arrow keys to read each point.$0$12026YTD

CERY vs DCMT 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 2024DCMT 16.0%since Mar 2024
Return per unit of riskSharpe ratio, 3 years
CERY 1.41since Oct 2024DCMT 0.98since Mar 2024
Worst fallMax drawdown, 5 years
CERY −14.3%since Sep 2024DCMT −16.0%since Feb 2024
Market sensitivityBeta, 5 years
CERY 0.03DCMT −0.04

CERY and DCMT in the news

All news⁠

Popular comparisons

  • CERYAvsBCIA

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

    Expense ratio
    0.28% · 0.26%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DCMTCvsBCIA

    DoubleLine Commodity Strategy ETF · abrdn Bloomberg All Commodity Strategy K-1 Free ETF

    Expense ratio
    0.66% · 0.26%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CERYAvsCMDYB

    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.

  • DCMTCvsCMDYB

    DoubleLine Commodity Strategy ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.66% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CERYAvsCOMBB

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

    Expense ratio
    0.28% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DCMTCvsCOMBB

    DoubleLine Commodity Strategy ETF · GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

    Expense ratio
    0.66% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.