MVRL vs. DJCB

Last updated Jun 4, 2026

MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) and DJCB (ETRACS Bloomberg Commodity Index Total Return ETN Series B) are both exchange-traded funds - MVRL is a REIT fund tracking the MVIS US Mortgage REITs Index (150%), while DJCB is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. At a 0.17 correlation, their price movements are largely independent. MVRL charges 0.95%/yr vs 0.50%/yr for DJCB.

Performance

MVRL vs. DJCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MVRL

• 1D: -2.09%
• 1M: -7.86%
• YTD: -5.20%
• 6M: -5.45%
• 1Y: 11.96%
• 3Y*: 7.15%
• 5Y*: -8.72%
• 10Y*: —

DJCB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVRL vs. DJCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	-5.20%	14.96%	-3.45%	12.30%	-42.41%	21.71%	57.90%
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	3.39%	-8.96%	16.39%	28.75%	24.19%

Correlation

The correlation between MVRL and DJCB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.17

Return for Risk

MVRL vs. DJCB — Risk / Return Rank

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

MVRL

MVRL Risk / Return Rank: 16
MVRL Sharpe Ratio Rank: 15
MVRL Sortino Ratio Rank: 16
MVRL Omega Ratio Rank: 16
MVRL Calmar Ratio Rank: 16
MVRL Martin Ratio Rank: 16

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.

MVRL vs. DJCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) 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.

	MVRL	DJCB	Difference
Sharpe ratio: Return per unit of total volatility	0.44	—	—
Sortino ratio: Return per unit of downside risk	0.78	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.57	—	—
Martin ratio: Return relative to average drawdown	1.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MVRL	DJCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	—	—

Drawdowns

Drawdown Indicators

	MVRL	DJCB	Difference
Max Drawdown Largest peak-to-trough decline	-60.25%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-60.25%	—	—
Current Drawdown Current decline from peak	-39.93%	—	—
Average Drawdown Average peak-to-trough decline	-31.81%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	—	—

Volatility

Volatility by Period

	MVRL	DJCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.63%	—	—

MVRL vs. DJCB - Expense Ratio Comparison

MVRL has a 0.95% expense ratio, which is higher than DJCB's 0.50% expense ratio.

Dividends

MVRL vs. DJCB - Dividend Comparison

MVRL's dividend yield for the trailing twelve months is around 21.21%, while DJCB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	21.21%	19.15%	19.27%	18.69%	25.21%	12.33%	5.63%

Frequently Asked Questions

Can I hold both MVRL and DJCB in my portfolio?

MVRL and DJCB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVRL or DJCB?

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.

Which ETF is cheaper, MVRL or DJCB?

DJCB is cheaper with a 0.50% expense ratio, compared with 0.95% for MVRL.

Which ETF pays a higher dividend yield, MVRL or DJCB?

MVRL has the higher dividend yield at 21.21%, compared with 0.00% for DJCB.

What is the main difference between MVRL and DJCB?

MVRL is categorized as REIT, while DJCB is Commodities. MVRL tracks MVIS US Mortgage REITs Index (150%), while DJCB tracks Bloomberg Commodity Index. Their fees differ too: 0.95% for MVRL and 0.50% for DJCB.