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DJP vs. GLDM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DJP and GLDM is 0.36, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

DJP vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Bloomberg Commodity Index Total Return ETN (DJP) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%140.00%NovemberDecember2025FebruaryMarchApril
36.36%
138.92%
DJP
GLDM

Key characteristics

Sharpe Ratio

DJP:

0.17

GLDM:

2.05

Sortino Ratio

DJP:

0.34

GLDM:

2.68

Omega Ratio

DJP:

1.04

GLDM:

1.35

Calmar Ratio

DJP:

0.04

GLDM:

3.95

Martin Ratio

DJP:

0.40

GLDM:

10.77

Ulcer Index

DJP:

6.31%

GLDM:

2.97%

Daily Std Dev

DJP:

14.78%

GLDM:

15.60%

Max Drawdown

DJP:

-78.35%

GLDM:

-21.63%

Current Drawdown

DJP:

-54.97%

GLDM:

-2.81%

Returns By Period

In the year-to-date period, DJP achieves a 2.62% return, which is significantly lower than GLDM's 15.70% return.


DJP

YTD

2.62%

1M

-4.63%

6M

-0.12%

1Y

2.49%

5Y*

14.57%

10Y*

1.38%

GLDM

YTD

15.70%

1M

3.89%

6M

14.48%

1Y

32.75%

5Y*

13.20%

10Y*

N/A

*Annualized

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DJP vs. GLDM - Expense Ratio Comparison

DJP has a 0.70% expense ratio, which is higher than GLDM's 0.18% expense ratio.


Expense ratio chart for DJP: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DJP: 0.70%
Expense ratio chart for GLDM: current value is 0.18%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GLDM: 0.18%

Risk-Adjusted Performance

DJP vs. GLDM — Risk-Adjusted Performance Rank

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

DJP
The Risk-Adjusted Performance Rank of DJP is 4040
Overall Rank
The Sharpe Ratio Rank of DJP is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of DJP is 4242
Sortino Ratio Rank
The Omega Ratio Rank of DJP is 4141
Omega Ratio Rank
The Calmar Ratio Rank of DJP is 3535
Calmar Ratio Rank
The Martin Ratio Rank of DJP is 3939
Martin Ratio Rank

GLDM
The Risk-Adjusted Performance Rank of GLDM is 9494
Overall Rank
The Sharpe Ratio Rank of GLDM is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of GLDM is 9393
Sortino Ratio Rank
The Omega Ratio Rank of GLDM is 9393
Omega Ratio Rank
The Calmar Ratio Rank of GLDM is 9696
Calmar Ratio Rank
The Martin Ratio Rank of GLDM is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DJP vs. GLDM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and SPDR Gold MiniShares Trust (GLDM). 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.


The chart of Sharpe ratio for DJP, currently valued at 0.17, compared to the broader market-1.000.001.002.003.004.00
DJP: 0.17
GLDM: 2.05
The chart of Sortino ratio for DJP, currently valued at 0.34, compared to the broader market-2.000.002.004.006.008.0010.00
DJP: 0.34
GLDM: 2.68
The chart of Omega ratio for DJP, currently valued at 1.04, compared to the broader market0.501.001.502.002.50
DJP: 1.04
GLDM: 1.35
The chart of Calmar ratio for DJP, currently valued at 0.09, compared to the broader market0.005.0010.0015.00
DJP: 0.09
GLDM: 3.95
The chart of Martin ratio for DJP, currently valued at 0.40, compared to the broader market0.0020.0040.0060.0080.00
DJP: 0.40
GLDM: 10.77

The current DJP Sharpe Ratio is 0.17, which is lower than the GLDM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of DJP and GLDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.17
2.05
DJP
GLDM

Dividends

DJP vs. GLDM - Dividend Comparison

Neither DJP nor GLDM has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

DJP vs. GLDM - Drawdown Comparison

The maximum DJP drawdown since its inception was -78.35%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for DJP and GLDM. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-20.07%
-2.81%
DJP
GLDM

Volatility

DJP vs. GLDM - Volatility Comparison

iPath Bloomberg Commodity Index Total Return ETN (DJP) has a higher volatility of 5.87% compared to SPDR Gold MiniShares Trust (GLDM) at 4.24%. This indicates that DJP's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
5.87%
4.24%
DJP
GLDM