DJP vs. AVSF
DJP (iPath Bloomberg Commodity Index Total Return ETN) and AVSF (Avantis Short-Term Fixed Income ETF) are both exchange-traded funds - DJP is a Commodities fund tracking the Bloomberg Commodity Index, while AVSF is a Short-Term Bond fund actively managed by Avantis. DJP is passively managed, while AVSF is actively managed. Over the past 5 years, DJP returned 11.16%/yr vs 1.84%/yr for AVSF. At a correlation of -0.00, they often move in opposite directions. DJP charges 0.70%/yr vs 0.15%/yr for AVSF.
Performance
DJP vs. AVSF - Performance Comparison
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Returns By Period
In the year-to-date period, DJP achieves a 22.44% return, which is significantly higher than AVSF's 0.45% return.
DJP
- 1D
- 2.11%
- 1M
- 0.13%
- 6M
- 17.35%
- YTD
- 22.44%
- 1Y
- 32.25%
- 3Y*
- 13.28%
- 5Y*
- 11.16%
- 10Y*
- 6.74%
AVSF
- 1D
- -0.16%
- 1M
- -0.15%
- 6M
- 0.48%
- YTD
- 0.45%
- 1Y
- 3.40%
- 3Y*
- 4.71%
- 5Y*
- 1.84%
- 10Y*
- —
DJP vs. AVSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 22.44% | 17.20% | 5.59% | -9.85% | 17.46% | 31.05% | 8.26% |
AVSF Avantis Short-Term Fixed Income ETF | 0.45% | 6.57% | 3.81% | 5.25% | -5.52% | -1.17% | 0.46% |
Correlation
The correlation between DJP and AVSF is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | -0.00 |
Over the past year, the inverse relationship between DJP and AVSF has strengthened: their correlation has moved from -0.00 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
DJP vs. AVSF — Risk / Return Rank
DJP
AVSF
DJP vs. AVSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and Avantis Short-Term Fixed Income ETF (AVSF). 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.
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 | AVSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.41 | -0.44 |
| Martin ratioReturn relative to average drawdown | 6.55 | 8.67 | -2.12 |
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Drawdowns
DJP vs. AVSF - Drawdown Comparison
The maximum DJP drawdown since its inception was -78.35%, which is greater than AVSF's maximum drawdown of -8.85%. Use the drawdown chart below to compare losses from any high point for DJP and AVSF.
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Drawdown Indicators
| DJP | AVSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.35% | -8.85% | -69.50% |
Max Drawdown (1Y)Largest decline over 1 year | -16.42% | -1.42% | -15.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -1.42% | -15.00% |
Max Drawdown (5Y)Largest decline over 5 years | -28.98% | -8.85% | -20.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.36% | — | — |
Current DrawdownCurrent decline from peak | -37.03% | -0.53% | -36.50% |
Average DrawdownAverage peak-to-trough decline | -50.79% | -2.17% | -48.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 0.39% | +4.54% |
Volatility
DJP vs. AVSF - Volatility Comparison
iPath Bloomberg Commodity Index Total Return ETN (DJP) has a higher volatility of 5.42% compared to Avantis Short-Term Fixed Income ETF (AVSF) at 0.67%. This indicates that DJP's price experiences larger fluctuations and is considered to be riskier than AVSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DJP | AVSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 0.67% | +4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.90% | 1.47% | +15.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 1.92% | +17.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 2.67% | +16.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 2.52% | +14.53% |
DJP vs. AVSF - Expense Ratio Comparison
DJP has a 0.70% expense ratio, which is higher than AVSF's 0.15% expense ratio.
Dividends
DJP vs. AVSF - Dividend Comparison
DJP has not paid dividends to shareholders, while AVSF's dividend yield for the trailing twelve months is around 4.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AVSF Avantis Short-Term Fixed Income ETF | 4.38% | 4.31% | 4.34% | 3.93% | 1.78% | 0.48% | 0.10% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DJP and AVSF have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DJP has higher volatility (5.42%) compared to AVSF (0.67%). In terms of maximum drawdown, DJP dropped -78.35% vs AVSF's -8.85%.
On 5-year performance, DJP leads with 11.16% vs 1.84% for AVSF. On fees, AVSF is cheaper at 0.15% per year. On volatility, AVSF has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DJP has performed better with a 11.16% return vs 1.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVSF is cheaper with a 0.15% expense ratio, compared with 0.70% for DJP.
AVSF has the higher dividend yield at 4.38%, compared with 0.00% for DJP.
DJP is categorized as Commodities, while AVSF is Short-Term Bond. They also come from different issuers: Barclays Capital and Avantis. Their fees differ too: 0.70% for DJP and 0.15% for AVSF.
AVSF currently has the higher Sharpe Ratio (1.78 vs 1.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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