DJP vs. AWWIX

Last updated Jun 4, 2026

DJP (iPath Bloomberg Commodity Index Total Return ETN) and AWWIX (CIBC Atlas International Growth Fund) are both funds - DJP is a Commodities fund tracking the Bloomberg Commodity Index, while AWWIX is a Foreign Large Cap Equities fund managed by CIBC Private Wealth Management. Over the past 5 years, DJP returned 12.46%/yr vs 5.73%/yr for AWWIX. At a 0.29 correlation, their price movements are largely independent. DJP charges 0.70%/yr vs 0.94%/yr for AWWIX.

Performance

DJP vs. AWWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Bloomberg Commodity Index Total Return ETN (DJP) and CIBC Atlas International Growth Fund (AWWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJP achieves a 30.63% return, which is significantly higher than AWWIX's 4.02% return.

DJP

• 1D: 0.02%
• 1M: -3.31%
• YTD: 30.63%
• 6M: 29.34%
• 1Y: 44.52%
• 3Y*: 17.94%
• 5Y*: 12.46%
• 10Y*: 7.36%

AWWIX

• 1D: 0.66%
• 1M: 4.02%
• YTD: 4.02%
• 6M: 4.91%
• 1Y: 11.91%
• 3Y*: 12.84%
• 5Y*: 5.73%
• 10Y*: —

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

DJP vs. AWWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DJP iPath Bloomberg Commodity Index Total Return ETN	30.63%	17.20%	5.59%	-9.85%	17.46%	31.05%	-4.12%	5.74%
AWWIX CIBC Atlas International Growth Fund	4.02%	26.10%	5.39%	15.31%	-14.12%	2.01%	17.03%	9.68%

Correlation

The correlation between DJP and AWWIX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.29

The correlation between DJP and AWWIX shifts across timeframes, from -0.03 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DJP vs. AWWIX — Risk / Return Rank

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

DJP

DJP Risk / Return Rank: 72
DJP Sharpe Ratio Rank: 71
DJP Sortino Ratio Rank: 62
DJP Omega Ratio Rank: 69
DJP Calmar Ratio Rank: 88
DJP Martin Ratio Rank: 71

AWWIX

AWWIX Risk / Return Rank: 10
AWWIX Sharpe Ratio Rank: 10
AWWIX Sortino Ratio Rank: 10
AWWIX Omega Ratio Rank: 10
AWWIX Calmar Ratio Rank: 10
AWWIX Martin Ratio Rank: 11

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.

DJP vs. AWWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and CIBC Atlas International Growth Fund (AWWIX). 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.

	DJP	AWWIX	Difference
Sharpe ratio Return per unit of total volatility	2.36	0.77	+1.60
Sortino ratio Return per unit of downside risk	2.95	1.18	+1.77
Omega ratio Gain probability vs. loss probability	1.42	1.15	+0.28
Calmar ratio Return relative to maximum drawdown	5.20	0.95	+4.25
Martin ratio Return relative to average drawdown	13.30	3.23	+10.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJP vs. AWWIX - Sharpe Ratio Comparison

The current DJP Sharpe Ratio is 2.36, which is higher than the AWWIX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of DJP and AWWIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DJP	AWWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	0.77	+1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.34	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.47	-0.46

Drawdowns

DJP vs. AWWIX - Drawdown Comparison

The maximum DJP drawdown since its inception was -78.35%, which is greater than AWWIX's maximum drawdown of -32.98%. Use the drawdown chart below to compare losses from any high point for DJP and AWWIX.

Drawdown Indicators

	DJP	AWWIX	Difference
Max Drawdown Largest peak-to-trough decline	-78.35%	-32.98%	-45.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-12.25%	+3.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-14.78%	+1.37%
Max Drawdown (5Y) Largest decline over 5 years	-28.98%	-30.35%	+1.37%
Max Drawdown (10Y) Largest decline over 10 years	-38.36%	—	—
Current Drawdown Current decline from peak	-32.82%	-2.50%	-30.32%
Average Drawdown Average peak-to-trough decline	-50.86%	-6.74%	-44.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.60%	-0.24%

Volatility

DJP vs. AWWIX - Volatility Comparison

iPath Bloomberg Commodity Index Total Return ETN (DJP) has a higher volatility of 5.85% compared to CIBC Atlas International Growth Fund (AWWIX) at 4.36%. This indicates that DJP's price experiences larger fluctuations and is considered to be riskier than AWWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJP	AWWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	4.36%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	12.25%	+4.39%
Volatility (1Y) Calculated over the trailing 1-year period	18.92%	15.28%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	17.02%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.06%	18.82%	-1.76%

DJP vs. AWWIX - Expense Ratio Comparison

DJP has a 0.70% expense ratio, which is lower than AWWIX's 0.94% expense ratio.

Dividends

DJP vs. AWWIX - Dividend Comparison

DJP has not paid dividends to shareholders, while AWWIX's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AWWIX CIBC Atlas International Growth Fund	0.70%	0.73%	1.14%	1.16%	1.53%	1.97%	0.26%	0.11%
DJP iPath Bloomberg Commodity Index Total Return ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DJP and AWWIX in my portfolio?

DJP and AWWIX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJP or AWWIX?

DJP has higher volatility (5.85%) compared to AWWIX (4.36%). In terms of maximum drawdown, DJP dropped -78.35% vs AWWIX's -32.98%.

Which has better risk-adjusted returns?

DJP currently has the higher Sharpe Ratio (2.36 vs 0.77), 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.