JPHY vs. DJP

Last updated Jun 5, 2026

JPHY (JPMorgan High Yield Research Enhanced ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - JPHY is a High Yield Bonds fund actively managed by JPMorgan, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. JPHY is actively managed, while DJP is passively managed. At a correlation of -0.14, they often move in opposite directions. JPHY charges 0.24%/yr vs 0.70%/yr for DJP.

Performance

JPHY vs. DJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan High Yield Research Enhanced ETF (JPHY) and iPath Bloomberg Commodity Index Total Return ETN (DJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPHY achieves a 2.06% return, which is significantly lower than DJP's 29.06% return.

JPHY

• 1D: -0.01%
• 1M: 0.35%
• YTD: 2.06%
• 6M: 2.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DJP

• 1D: -1.20%
• 1M: -3.96%
• YTD: 29.06%
• 6M: 27.44%
• 1Y: 42.60%
• 3Y*: 17.42%
• 5Y*: 12.19%
• 10Y*: 7.09%

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

JPHY vs. DJP - Yearly Performance Comparison

	2026 (YTD)	2025
JPHY JPMorgan High Yield Research Enhanced ETF	2.06%	4.00%
DJP iPath Bloomberg Commodity Index Total Return ETN	29.06%	10.33%

Correlation

The correlation between JPHY and DJP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	-0.14

Return for Risk

JPHY vs. DJP — Risk / Return Rank

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

DJP

DJP Risk / Return Rank: 71
DJP Sharpe Ratio Rank: 70
DJP Sortino Ratio Rank: 61
DJP Omega Ratio Rank: 68
DJP Calmar Ratio Rank: 87
DJP Martin Ratio Rank: 69

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.

JPHY vs. DJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and iPath Bloomberg Commodity Index Total Return ETN (DJP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JPHY	DJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.16	-0.00	+2.16

Drawdowns

JPHY vs. DJP - Drawdown Comparison

The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for JPHY and DJP.

Drawdown Indicators

	JPHY	DJP	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	-78.35%	+76.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.61%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.41%	—
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	-0.10%	-33.63%	+33.53%
Average Drawdown Average peak-to-trough decline	-0.21%	-50.86%	+50.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.38%	—

Volatility

Volatility by Period

	JPHY	DJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	18.97%	-15.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	18.96%	-15.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.04%	17.07%	-14.03%

JPHY vs. DJP - Expense Ratio Comparison

JPHY has a 0.24% expense ratio, which is lower than DJP's 0.70% expense ratio.

Dividends

JPHY vs. DJP - Dividend Comparison

JPHY's dividend yield for the trailing twelve months is around 5.92%, while DJP has not paid dividends to shareholders.

Position	TTM	2025
DJP iPath Bloomberg Commodity Index Total Return ETN	0.00%	0.00%
JPHY JPMorgan High Yield Research Enhanced ETF	5.92%	3.32%

Frequently Asked Questions

Can I hold both JPHY and DJP in my portfolio?

JPHY and DJP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPHY or DJP?

On fees, JPHY is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPHY or DJP?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.70% for DJP.

Which ETF pays a higher dividend yield, JPHY or DJP?

JPHY has the higher dividend yield at 5.92%, compared with 0.00% for DJP.

What is the main difference between JPHY and DJP?

JPHY is categorized as High Yield Bonds, while DJP is Commodities. They also come from different issuers: JPMorgan and Barclays Capital. Their fees differ too: 0.24% for JPHY and 0.70% for DJP.