HDLB vs. DJCB
HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) and DJCB (ETRACS Bloomberg Commodity Index Total Return ETN Series B) are both exchange-traded funds - HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%), while DJCB is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. At a 0.18 correlation, their price movements are largely independent. HDLB charges 1.65%/yr vs 0.50%/yr for DJCB.
Performance
HDLB vs. DJCB - Performance Comparison
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Returns By Period
HDLB
- 1D
- -1.72%
- 1M
- -4.18%
- YTD
- 9.69%
- 6M
- 8.78%
- 1Y
- 17.78%
- 3Y*
- 26.82%
- 5Y*
- 11.24%
- 10Y*
- —
DJCB
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDLB vs. DJCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 9.69% | 27.26% | 28.21% | -4.12% | -11.46% | 62.67% | -50.94% | 7.93% |
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B | 0.00% | 0.00% | 3.39% | -8.96% | 16.39% | 28.75% | -3.90% | 2.27% |
Correlation
The correlation between HDLB and DJCB is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019 | 0.18 |
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Return for Risk
HDLB vs. DJCB — Risk / Return Rank
HDLB
DJCB
HDLB vs. DJCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). 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.
| HDLB | DJCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | — | — |
| Martin ratioReturn relative to average drawdown | 2.69 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDLB | DJCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | — | — |
Drawdowns
HDLB vs. DJCB - Drawdown Comparison
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Drawdown Indicators
| HDLB | DJCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -14.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | — | — |
Current DrawdownCurrent decline from peak | -14.15% | — | — |
Average DrawdownAverage peak-to-trough decline | -27.47% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | — | — |
Volatility
HDLB vs. DJCB - Volatility Comparison
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Volatility by Period
| HDLB | DJCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.46% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.55% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.58% | — | — |
HDLB vs. DJCB - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than DJCB's 0.50% expense ratio.
Dividends
HDLB vs. DJCB - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 12.13%, while DJCB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 12.13% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
Frequently Asked Questions
HDLB and DJCB have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DJCB is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DJCB is cheaper with a 0.50% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 12.13%, compared with 0.00% for DJCB.
HDLB is categorized as Leveraged Equities, while DJCB is Commodities. HDLB tracks Solactive US High Dividend Low Volatility (USD)(TR) (200%), while DJCB tracks Bloomberg Commodity Index. Their fees differ too: 1.65% for HDLB and 0.50% for DJCB.
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