- ISIN
- US06738C7781
- CUSIP
- 06738C778
- Issuer
- Barclays Capital
- Inception Date
- Jun 6, 2006
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Commodity Index
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $890M
Share Price Chart
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Performance
DJP Performance Chart
iPath Bloomberg Commodity Index Total Return ETN (DJP) is up 18.9% since the beginning of the year. DJP is currently trading at $45 per share. Investors who bought $1,000 worth of DJP shares 5 years ago would now be looking at an investment worth $1,694.
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Returns By Period
iPath Bloomberg Commodity Index Total Return ETN (DJP) has returned 18.90% so far this year and 24.89% over the past 12 months. Over the last ten years, DJP has returned 6.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iPath Bloomberg Commodity Index Total Return ETN
- 1D
- -0.64%
- 1M
- -9.66%
- YTD
- 18.90%
- 6M
- 18.62%
- 1Y
- 24.89%
- 3Y*
- 13.17%
- 5Y*
- 11.12%
- 10Y*
- 6.40%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DJP Monthly Returns History
Based on dividend-adjusted daily data since Oct 30, 2006, DJP's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.
Historically, 52% of months were positive and 48% were negative. The best month was May 2009 with a return of +13.8%, while the worst month was Oct 2008 at -21.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.
On a daily basis, DJP closed higher 51% of trading days. The best single day was Oct 29, 2008 with a return of +5.4%, while the worst single day was Mar 9, 2022 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.90% | 0.54% | 12.77% | 4.76% | -4.05% | -7.58% | 18.90% | ||||||
| 2025 | 4.67% | 0.95% | 4.13% | -5.75% | -0.60% | 2.72% | -0.65% | 2.28% | 2.64% | 3.13% | 3.47% | -0.56% | 17.20% |
| 2024 | 0.39% | -1.87% | 3.87% | 2.93% | 2.16% | -1.96% | -4.15% | -0.39% | 5.33% | -1.52% | -0.06% | 1.13% | 5.59% |
| 2023 | -0.59% | -5.70% | -0.03% | -0.95% | -6.49% | 4.48% | 7.26% | -0.98% | -1.02% | 0.50% | -2.97% | -3.03% | -9.85% |
| 2022 | 10.17% | 7.34% | 8.75% | 4.58% | 2.23% | -11.81% | 4.08% | -0.17% | -8.99% | 1.85% | 4.00% | -3.30% | 17.46% |
| 2021 | 2.88% | 7.68% | -2.47% | 9.76% | 3.08% | 1.61% | 2.35% | -0.86% | 5.98% | 3.35% | -8.67% | 3.95% | 31.05% |
Benchmark Metrics
iPath Bloomberg Commodity Index Total Return ETN has an annualized alpha of -2.41%, beta of 0.34, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since October 30, 2006.
- This ETF participated in 67.99% of S&P 500 Index downside but only 35.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.34 may look defensive, but with R2 of 0.14 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.14 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -2.41%
- Beta
- 0.34
- R²
- 0.14
- Upside Capture
- 35.03%
- Downside Capture
- 67.99%
Expense Ratio
DJP has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DJP ranks 38 for risk / return — below 38% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DJP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.78 | -0.92 |
| Martin ratioReturn relative to average drawdown | 6.85 | 12.44 | -5.58 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iPath Bloomberg Commodity Index Total Return ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iPath Bloomberg Commodity Index Total Return ETN was 78.35%, occurring on Apr 21, 2020. The portfolio has not yet recovered.
The current iPath Bloomberg Commodity Index Total Return ETN drawdown is 38.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -78.35%Apr 2020 | 11y 9mo | — | 17y 11moJul 2008 - now |
Financial crisis2007–2009 | -10.49%Mar 2008 | 6d | 2mo 2d | 2mo 8dMar 2008 - May 2008 |
2007 correction2007 | -10.48%Jan 2007 | 1mo 9d | 1mo 18d | 2mo 27dDec 2006 - Feb 2007 |
2007 pullback2007 | -8.29%Aug 2007 | 2mo 4d | 28d | 3mo 2dJun 2007 - Sep 2007 |
Financial crisis2007–2009 | -6.22%Jan 2008 | 8d | 16d | 24dJan 2008 - Feb 2008 |
Drawdown Indicators
| DJP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.35% | -56.78% | -21.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -9.10% | -4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -18.90% | +5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.98% | -25.43% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -38.36% | -33.92% | -4.44% |
Current DrawdownCurrent decline from peak | -38.85% | -1.80% | -37.05% |
Average DrawdownAverage peak-to-trough decline | -50.82% | -10.71% | -40.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.03% | +1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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