DJCB vs. HDLB

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB).

DJCB and HDLB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DJCB is a passively managed fund by UBS that tracks the performance of the Bloomberg Commodity Index. It was launched on Oct 24, 2019. HDLB is a passively managed fund by UBS that tracks the performance of the Solactive US High Dividend Low Volatility (USD)(TR) (200%). It was launched on Oct 24, 2019. Both DJCB and HDLB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DJCB vs. HDLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). The values are adjusted to include any dividend payments, if applicable.

DJCB vs. HDLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	3.39%	-8.96%	16.39%	28.75%	-3.90%	2.27%
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	17.61%	27.26%	28.21%	-4.12%	-11.46%	62.67%	-50.94%	7.93%

Returns By Period

DJCB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDLB

• 1D: 0.27%
• 1M: -7.39%
• YTD: 17.61%
• 6M: 9.68%
• 1Y: 20.54%
• 3Y*: 25.14%
• 5Y*: 15.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DJCB vs. HDLB - Expense Ratio Comparison

DJCB has a 0.50% expense ratio, which is lower than HDLB's 1.65% expense ratio.

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B

DJCB

ETRACS Bloomberg Commodity Index Total Return ETN Series B

Return for Risk

DJCB vs. HDLB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HDLB

HDLB Risk / Return Rank: 40
HDLB Sharpe Ratio Rank: 36
HDLB Sortino Ratio Rank: 37
HDLB Omega Ratio Rank: 37
HDLB Calmar Ratio Rank: 47
HDLB Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DJCB vs. HDLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DJCB	HDLB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.63	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.12	—

Correlation

The correlation between DJCB and HDLB is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DJCB vs. HDLB - Dividend Comparison

DJCB has not paid dividends to shareholders, while HDLB's dividend yield for the trailing twelve months is around 10.80%.

	TTM	2025	2024	2023	2022	2021	2020	2019
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	10.80%	12.20%	10.09%	12.36%	10.86%	8.07%	16.23%	0.97%

Drawdowns

Drawdown Indicators

	DJCB	HDLB	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.70%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-20.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.81%	—
Current Drawdown Current decline from peak	—	-7.94%	—
Average Drawdown Average peak-to-trough decline	—	-27.93%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.23%	—

Volatility

Volatility by Period

	DJCB	HDLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	30.42%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	43.95%	—