DJP vs. VOO
DJP (iPath Bloomberg Commodity Index Total Return ETN) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - DJP is a Commodities fund tracking the Bloomberg Commodity Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, DJP returned 6.24%/yr vs 15.61%/yr for VOO. At a 0.29 correlation, their price movements are largely independent. DJP charges 0.70%/yr vs 0.03%/yr for VOO.
Performance
DJP vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, DJP achieves a 17.18% return, which is significantly higher than VOO's 8.19% return. Over the past 10 years, DJP has underperformed VOO with an annualized return of 6.24%, while VOO has yielded a comparatively higher 15.61% annualized return.
DJP
- 1D
- -1.45%
- 1M
- -10.97%
- YTD
- 17.18%
- 6M
- 15.04%
- 1Y
- 26.02%
- 3Y*
- 12.62%
- 5Y*
- 10.72%
- 10Y*
- 6.24%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
DJP vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 17.18% | 17.20% | 5.59% | -9.85% | 17.46% | 31.05% | -4.12% | 7.63% | -13.07% | 0.74% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between DJP and VOO is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.29 |
The correlation between DJP and VOO shifts across timeframes, from -0.05 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DJP vs. VOO — Risk / Return Rank
DJP
VOO
DJP vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.67 | -0.89 |
| Martin ratioReturn relative to average drawdown | 6.99 | 11.96 | -4.97 |
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Drawdowns
DJP vs. VOO - Drawdown Comparison
The maximum DJP drawdown since its inception was -78.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DJP and VOO.
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Drawdown Indicators
| DJP | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.35% | -33.99% | -44.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.66% | -8.90% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.66% | -18.69% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -28.98% | -24.52% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.36% | -33.99% | -4.37% |
Current DrawdownCurrent decline from peak | -39.74% | -3.14% | -36.60% |
Average DrawdownAverage peak-to-trough decline | -50.82% | -3.68% | -47.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 1.99% | +1.77% |
Volatility
DJP vs. VOO - Volatility Comparison
The current volatility for iPath Bloomberg Commodity Index Total Return ETN (DJP) is 4.23%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that DJP experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DJP | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.83% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 9.82% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 12.46% | +6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 16.91% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 18.02% | -0.96% |
DJP vs. VOO - Expense Ratio Comparison
DJP has a 0.70% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
DJP vs. VOO - Dividend Comparison
DJP has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
DJP and VOO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.83%) compared to DJP (4.23%). In terms of maximum drawdown, DJP dropped -78.35% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.61% vs 6.24% for DJP. On fees, VOO is cheaper at 0.03% per year. On volatility, DJP has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.61% return vs 6.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.70% for DJP.
VOO has the higher dividend yield at 1.05%, compared with 0.00% for DJP.
DJP is categorized as Commodities, while VOO is S&P 500. DJP tracks Bloomberg Commodity Index, while VOO tracks S&P 500 Index. They also come from different issuers: Barclays Capital and Vanguard. Their fees differ too: 0.70% for DJP and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.91 vs 1.37), 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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