DJP vs. ZSB
DJP (iPath Bloomberg Commodity Index Total Return ETN) and ZSB (USCF Sustainable Battery Metals Strategy Fund) are both exchange-traded funds - DJP is a Commodities fund tracking the Bloomberg Commodity Index, while ZSB is a Lithium & Battery Metals fund tracking the S&P GSCI Electric Vehicle Meals Index. Both are passively managed. Over the past 3 years, DJP returned 12.30%/yr vs 2.07%/yr for ZSB. At a 0.38 correlation, their price movements are largely independent. DJP charges 0.70%/yr vs 0.59%/yr for ZSB.
Performance
DJP vs. ZSB - Performance Comparison
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Returns By Period
In the year-to-date period, DJP achieves a 19.68% return, which is significantly higher than ZSB's 7.92% return.
DJP
- 1D
- -0.40%
- 1M
- -9.69%
- YTD
- 19.68%
- 6M
- 20.96%
- 1Y
- 25.70%
- 3Y*
- 12.30%
- 5Y*
- 11.60%
- 10Y*
- 6.14%
ZSB
- 1D
- 0.35%
- 1M
- -4.37%
- YTD
- 7.92%
- 6M
- 14.69%
- 1Y
- 70.20%
- 3Y*
- 2.07%
- 5Y*
- —
- 10Y*
- —
DJP vs. ZSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 19.68% | 17.20% | 5.59% | -6.06% |
ZSB USCF Sustainable Battery Metals Strategy Fund | 7.92% | 64.34% | -19.70% | -31.38% |
Correlation
The correlation between DJP and ZSB is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023 | 0.38 |
The correlation between DJP and ZSB shifts across timeframes, from 0.25 (1 year) to 0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DJP vs. ZSB — Risk / Return Rank
DJP
ZSB
DJP vs. ZSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and USCF Sustainable Battery Metals Strategy Fund (ZSB). 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 | ZSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.46 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.97 | -1.99 |
| Martin ratioReturn relative to average drawdown | 6.48 | 10.71 | -4.23 |
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Drawdowns
DJP vs. ZSB - Drawdown Comparison
The maximum DJP drawdown since its inception was -78.35%, which is greater than ZSB's maximum drawdown of -49.26%. Use the drawdown chart below to compare losses from any high point for DJP and ZSB.
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Drawdown Indicators
| DJP | ZSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.35% | -49.26% | -29.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -16.75% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -43.22% | +29.81% |
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 | -38.45% | -9.01% | -29.44% |
Average DrawdownAverage peak-to-trough decline | -50.82% | -30.63% | -20.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 6.19% | -2.19% |
Volatility
DJP vs. ZSB - Volatility Comparison
The current volatility for iPath Bloomberg Commodity Index Total Return ETN (DJP) is 4.40%, while USCF Sustainable Battery Metals Strategy Fund (ZSB) has a volatility of 5.27%. This indicates that DJP experiences smaller price fluctuations and is considered to be less risky than ZSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DJP | ZSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 5.27% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.86% | 22.25% | -5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 26.60% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 19.57% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 19.57% | -2.51% |
DJP vs. ZSB - Expense Ratio Comparison
DJP has a 0.70% expense ratio, which is higher than ZSB's 0.59% expense ratio.
Dividends
DJP vs. ZSB - Dividend Comparison
DJP has not paid dividends to shareholders, while ZSB's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% | 0.00% |
ZSB USCF Sustainable Battery Metals Strategy Fund | 0.85% | 0.92% | 2.96% | 3.59% |
Frequently Asked Questions
DJP and ZSB have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZSB has higher volatility (5.27%) compared to DJP (4.40%). In terms of maximum drawdown, DJP dropped -78.35% vs ZSB's -49.26%.
On 3-year performance, DJP leads with 12.30% vs 2.07% for ZSB. On fees, ZSB is cheaper at 0.59% per year. On volatility, DJP has been the lower-risk option at 4.40%. 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 12.30% return vs 2.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZSB is cheaper with a 0.59% expense ratio, compared with 0.70% for DJP.
ZSB has the higher dividend yield at 0.85%, compared with 0.00% for DJP.
DJP is categorized as Commodities, while ZSB is Lithium & Battery Metals. DJP tracks Bloomberg Commodity Index, while ZSB tracks S&P GSCI Electric Vehicle Meals Index. They also come from different issuers: Barclays Capital and USCF. Their fees differ too: 0.70% for DJP and 0.59% for ZSB.
ZSB currently has the higher Sharpe Ratio (2.50 vs 1.32), 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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