DJP vs. BEMB
DJP (iPath Bloomberg Commodity Index Total Return ETN) and BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) are both exchange-traded funds - DJP is a Commodities fund tracking the Bloomberg Commodity Index, while BEMB is a Emerging Markets Bonds fund actively managed by iShares. DJP is passively managed, while BEMB is actively managed. Over the past 3 years, DJP returned 13.27%/yr vs 7.76%/yr for BEMB. Their 0.01 correlation means their historical movements had little consistent relationship. DJP charges 0.70%/yr vs 0.18%/yr for BEMB.
Performance
DJP vs. BEMB - Performance Comparison
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Returns By Period
In the year-to-date period, DJP achieves a 25.98% return, which is significantly higher than BEMB's 0.71% return.
DJP
- 1D
- 0.02%
- 1M
- 8.69%
- 6M
- 11.59%
- YTD
- 25.98%
- 1Y
- 40.97%
- 3Y*
- 13.27%
- 5Y*
- 11.22%
- 10Y*
- 7.63%
- ALL TIME*
- -0.16%
BEMB
- 1D
- -0.04%
- 1M
- -0.99%
- 6M
- 0.29%
- YTD
- 0.71%
- 1Y
- 5.84%
- 3Y*
- 7.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.03K | $45.57K | $50.16K | |
| $1.78M | $2.43M | $3.70M |
DJP vs. BEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 25.98% | 17.20% | 5.59% | -4.13% |
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 0.71% | 12.27% | 5.51% | 8.88% |
Correlation
The correlation between DJP and BEMB is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.28 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.01 |
The correlation between DJP and BEMB shifts across timeframes, from -0.28 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DJP vs. BEMB — Risk / Return Rank
DJP
BEMB
DJP vs. BEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB). 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 | BEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.71 | +0.76 |
| Martin ratioReturn relative to average drawdown | 7.89 | 6.99 | +0.90 |
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Drawdowns
DJP vs. BEMB - Drawdown Comparison
The maximum DJP drawdown since its inception was -78.35%, which is greater than BEMB's maximum drawdown of -6.17%. Use the drawdown chart below to compare losses from any high point for DJP and BEMB.
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Drawdown Indicators
| DJP | BEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.35% | -6.17% | -72.18% |
Max Drawdown (1Y)Largest decline over 1 year | -16.42% | -3.67% | -12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -5.52% | -10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -28.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.36% | — | — |
Current DrawdownCurrent decline from peak | -35.21% | -1.28% | -33.93% |
Average DrawdownAverage peak-to-trough decline | -50.74% | -0.93% | -49.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 0.89% | +4.24% |
Volatility
DJP vs. BEMB - Volatility Comparison
iPath Bloomberg Commodity Index Total Return ETN (DJP) has a higher volatility of 5.94% compared to Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) at 1.22%. This indicates that DJP's price experiences larger fluctuations and is considered to be riskier than BEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DJP | BEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 1.22% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.00% | 3.68% | +13.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 4.37% | +15.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 5.82% | +13.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 5.82% | +11.27% |
DJP vs. BEMB - Expense Ratio Comparison
DJP has a 0.70% expense ratio, which is higher than BEMB's 0.18% expense ratio.
Dividends
DJP vs. BEMB - Dividend Comparison
DJP has not paid dividends to shareholders, while BEMB's dividend yield for the trailing twelve months is around 6.95%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.39% | 6.88% | 6.31% | 5.46% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DJP and BEMB have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DJP has higher volatility (5.94%) compared to BEMB (1.22%). In terms of maximum drawdown, DJP dropped -78.35% vs BEMB's -6.17%.
On 3-year performance, DJP leads with 13.27% vs 7.76% for BEMB. On fees, BEMB is cheaper at 0.18% per year. On volatility, BEMB has been the lower-risk option at 1.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DJP has performed better with a 13.27% return vs 7.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.70% for DJP.
BEMB has the higher dividend yield at 6.39%, compared with 0.00% for DJP.
DJP is categorized as Commodities, while BEMB is Emerging Markets Bonds. They also come from different issuers: Barclays Capital and iShares. Their fees differ too: 0.70% for DJP and 0.18% for BEMB.
DJP currently has the higher Sharpe Ratio (2.06 vs 1.43), 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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