DJP vs. ISCMF

Last updated Apr 1, 2026

Compare and contrast key facts about iPath Bloomberg Commodity Index Total Return ETN (DJP) and iShares Diversified Commodity Swap UCITS ETF (ISCMF).

DJP and ISCMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DJP is a passively managed fund by Barclays Capital that tracks the performance of the Bloomberg Commodity Index. It was launched on Jun 6, 2006. ISCMF is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity Index. It was launched on Mar 4, 2022. Both DJP and ISCMF 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

DJP vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Bloomberg Commodity Index Total Return ETN (DJP) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). The values are adjusted to include any dividend payments, if applicable.

DJP vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DJP iPath Bloomberg Commodity Index Total Return ETN	28.00%	17.20%	5.59%	-9.85%	-7.11%
ISCMF iShares Diversified Commodity Swap UCITS ETF	17.84%	19.65%	3.13%	-9.58%	-5.08%

Returns By Period

In the year-to-date period, DJP achieves a 28.00% return, which is significantly higher than ISCMF's 17.84% return.

DJP

• 1D: 0.08%
• 1M: 10.29%
• YTD: 28.00%
• 6M: 35.19%
• 1Y: 36.10%
• 3Y*: 15.08%
• 5Y*: 15.17%
• 10Y*: 8.53%

ISCMF

• 1D: 0.00%
• 1M: 7.22%
• YTD: 17.84%
• 6M: 26.76%
• 1Y: 29.86%
• 3Y*: 12.27%
• 5Y*: —
• 10Y*: —

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

DJP vs. ISCMF - Expense Ratio Comparison

DJP has a 0.70% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

DJP

iPath Bloomberg Commodity Index Total Return ETN

ISCMF

iShares Diversified Commodity Swap UCITS ETF

Return for Risk

DJP vs. ISCMF — Risk / Return Rank

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

DJP

DJP Risk / Return Rank: 89
DJP Sharpe Ratio Rank: 89
DJP Sortino Ratio Rank: 89
DJP Omega Ratio Rank: 87
DJP Calmar Ratio Rank: 93
DJP Martin Ratio Rank: 86

ISCMF

ISCMF Risk / Return Rank: 94
ISCMF Sharpe Ratio Rank: 86
ISCMF Sortino Ratio Rank: 96
ISCMF Omega Ratio Rank: 99
ISCMF Calmar Ratio Rank: 97
ISCMF Martin Ratio Rank: 91

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. ISCMF - 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 Diversified Commodity Swap UCITS ETF (ISCMF). 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	ISCMF	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.79	+0.10
Sortino ratio Return per unit of downside risk	2.46	3.44	-0.97
Omega ratio Gain probability vs. loss probability	1.35	2.36	-1.01
Calmar ratio Return relative to maximum drawdown	3.53	5.25	-1.73
Martin ratio Return relative to average drawdown	9.67	12.38	-2.71
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. ISCMF - Sharpe Ratio Comparison

The current DJP Sharpe Ratio is 1.89, which is comparable to the ISCMF Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of DJP and ISCMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DJP	ISCMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.79	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.40	-0.41

Correlation

The correlation between DJP and ISCMF is 0.06, 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

DJP vs. ISCMF - Dividend Comparison

Neither DJP nor ISCMF has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DJP vs. ISCMF - Drawdown Comparison

The maximum DJP drawdown since its inception was -78.35%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for DJP and ISCMF.

Drawdown Indicators

	DJP	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-78.35%	-25.42%	-52.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-5.69%	-4.95%
Max Drawdown (5Y) Largest decline over 5 years	-28.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.36%	—	—
Current Drawdown Current decline from peak	-34.17%	-2.55%	-31.62%
Average Drawdown Average peak-to-trough decline	-51.02%	-13.98%	-37.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	2.41%	+1.47%

Volatility

DJP vs. ISCMF - Volatility Comparison

The current volatility for iPath Bloomberg Commodity Index Total Return ETN (DJP) is 8.13%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 9.72%. This indicates that DJP experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJP	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	9.72%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	15.22%	13.85%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	19.33%	16.72%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.78%	14.05%	+4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	14.05%	+2.95%