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CERY vs HXC

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

CERYANYSE Arca

Investment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF

HXCDNYSE Arca

Overlap

Expense ratio

CERY −0.41pt a year

CERY0.28%HXC0.69%

Avg volume · 30D

CERY 7.1×the volume

CERY216KHXC30.2K

CERY vs HXC Performance

Sep 30, 2026 – Oct 16, 2026

+3.2%CERY+0.6%HXC

Sep 30, 2026 to Oct 16, 2026. CERY +3.2%. HXC +0.6%. Use the arrow keys to read each point.0%1%1.5%2%2.5%Sep 30Oct 8Oct 16
Expense ratio
CERY 0.28%, better
HXC 0.69%
Fund size
CERY $1.27B
HXC $32M
1Y total return
CERY +43.1%
HXC No data
Yield (12M)
CERY 3.59%
HXC No data
Holdings
CERY 12
HXC 33
Avg volume (30D)
CERY 216K sh, better
HXC 30.2K sh
NAV per share
CERY $39.89
HXC $25.94
52W range

ETF.net Grade

HXC as of

CERY: Cost 84, Risk 66, Mission not scored, Tradability 78, Holdings not scored, Durability 64. HXC: Cost 50, Risk 2, Mission not scored, Tradability 13, Holdings not scored, Durability 2.
Pillar letters and Scores for CERY, HXC, with each pillar’s weight
PillarCERYHXC
Cost30% weightA84HigherC50
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherF2
Tradability15% weightA78HigherF13
Holdings10% weightNot scoredNot scored
Durability5% weightB64HigherF2

Rank among Broad Commodity Futures funds

How we build Categories ›

Broad Commodity Futures⁠

Category · 21 funds
See all 21 ›

CERY ranks 1st 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

Our read on each fund

ETF.net Research

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

HXCDInvestment Managers Series Trust III - Mast Hedgeindex Strategic Commodities 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.

HXC No data

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.

HXC No data

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.

HXC No data

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.

HXC No data

Full CERY profile⁠

Full HXC profile⁠

CERY vs HXC Holdings

As of
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 HXC Cost

Overpaying HXC vs CERY

$7,674

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

  • CERY 0.28%

    $5,755

  • HXC 0.69%

    $13,429

$10,000
30 years

Cost over time

  • CERY 0.28%
  • HXC 0.69%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530HXC $13,429CERY $5,755

Year by year

YearCERYHXCOverpaying
10$509$1,232$723
20$1,976$4,697$2,721
30$5,755$13,429$7,674

Expense ratio

  • 0.28%CERY, cheaper
  • 0.69%HXC
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

CERY 3rd cheapest of 21 funds

HXC 12th cheapest of 21 funds

CERY vs HXC Dividends

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

No distribution history available.

CERY vs HXC 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 2024HXC No data
Return per unit of riskSharpe ratio, 3 years
CERY 1.41since Oct 2024HXC No data
Worst fallMax drawdown, 5 years
CERY −14.3%since Sep 2024HXC No data
Market sensitivityBeta, 5 years
CERY 0.03HXC 0.38

CERY and HXC in the news

All news⁠

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