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CERY vs GSG

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

CERYANYSE Arca

iShares S&P GSCI Commodity-Indexed Trust

GSGCNYSE Arca

Overlap

Expense ratio

CERY −0.47pt a year

CERY0.28%GSG0.75%

Avg volume · 30D

GSG 5.5×the volume

CERY216KGSG1.18M

CERY vs GSG Performance

Oct 31, 2025 – Oct 30, 2026

+43.1%CERY+59.5%GSG

Oct 31, 2025 to Oct 30, 2026. CERY +43.1%. GSG +59.5%. Use the arrow keys to read each point.0%10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
CERY 0.28%, better
GSG 0.75%
Fund size
CERY $1.27B
GSG $1.06B
1Y total return
CERY +43.1%
GSG +59.5%, better
Yield (12M)
CERY 3.59%
GSG No data
Holdings
CERY 12
GSG 25
Avg volume (30D)
CERY 216K sh
GSG 1.18M sh, better
NAV per share
CERY $39.89
GSG $37.24
52W range

ETF.net Grade

CERY: Cost 84, Risk 66, Mission not scored, Tradability 78, Holdings not scored, Durability 64. GSG: Cost 32, Risk 30, Mission not scored, Tradability 58, Holdings 46, Durability 83.
Pillar letters and Scores for CERY, GSG, with each pillar’s weight
PillarCERYGSG
Cost30% weightA84HigherD32
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherD30
Tradability15% weightA78HigherB58
Holdings10% weightNot scoredC46
Durability5% weightB64A83Higher

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 GSG 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 GSG 17th 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 16CDBCInvesco DB Commodity Index Tracking FundScore 43
  4. Rank 17CGSGiShares S&P GSCI Commodity-Indexed TrustScore 41
  5. Rank 18DFAARFirst Trust Alternative Absolute Return Strategy ETFScore 39

Our read on each fund

ETF.net Research

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

GSGCiShares S&P GSCI Commodity-Indexed Trust

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.

GSG The old-guard commodity trade. Since 2006, GSG has tracked the S&P GSCI, a fully collateralized basket of commodity futures, while most of the newer competition is built on Bloomberg indexes and roll-tweaking overlays.

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.

GSG The fund seeks to track a fully collateralized index representing a diversified group of commodity futures.

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.
  • GSG Tracks the S&P GSCI Total Return Index: a diversified, fully collateralized futures basket, with collateral interest built into the index rather than paid out.ishares.com
  • Live since 2006, so its record spans more than one commodity boom and bust.
  • A different engine from the pack: peers like BCI, BCD and CMDY run Bloomberg commodity indexes, while GSG stays with the S&P GSCI.
  • Actively traded, so getting in and out is generally straightforward.

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.
  • GSG The 0.75% fee sits above the broad-commodity norm: BCI charges 0.26% and CMDY 0.29% for a similar all-in-one basket.
  • Commodity futures swing hard, and this one sits among the more volatile choices even inside its own category.
  • No distributions: collateral interest shows up inside the total-return index instead of arriving as income.

Full CERY profile⁠

Full GSG profile⁠

CERY vs GSG 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 GSG Cost

Overpaying GSG vs CERY

$8,727

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

  • CERY 0.28%

    $5,755

  • GSG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • CERY 0.28%
  • GSG 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GSG $14,482CERY $5,755

Year by year

YearCERYGSGOverpaying
10$509$1,336$827
20$1,976$5,078$3,102
30$5,755$14,482$8,727

Expense ratio

  • 0.28%CERY, cheaper
  • 0.75%GSG
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

CERY 3rd cheapest of 21 funds

GSG 13th cheapest of 21 funds

CERY vs GSG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CERY 3.59%
GSG No data
Payout (12M)
CERY $1.43
GSG None
Last payment
CERY $1.43
GSG No data
Ex-dividend
CERY Dec 29, 2025
GSG No data
Paid on
CERY Dec 31, 2025
GSG No data
Frequency
CERY Annual
GSG No data

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
GSGAll GSG payments⁠

No distribution history available.

CERY vs GSG 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 2024GSG 20.7%
Return per unit of riskSharpe ratio, 3 years
CERY 1.41since Oct 2024GSG 0.75
Worst fallMax drawdown, 5 years
CERY −14.3%since Sep 2024GSG −29.1%
Market sensitivityBeta, 5 years
CERY 0.03GSG 1.27

CERY and GSG in the news

All news⁠

Popular comparisons

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    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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