NUG vs. DJP
NUG (Leverage Shares 2X Long NU Daily ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - NUG is a Leveraged Equities fund actively managed by Leverage Shares, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. NUG is actively managed, while DJP is passively managed. At a correlation of -0.14, they often move in opposite directions. NUG charges 0.75%/yr vs 0.70%/yr for DJP.
Performance
NUG vs. DJP - Performance Comparison
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Returns By Period
In the year-to-date period, NUG achieves a -42.23% return, which is significantly lower than DJP's 19.91% return.
NUG
- 1D
- 1.74%
- 1M
- 26.30%
- 6M
- -46.73%
- YTD
- -42.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DJP
- 1D
- -0.35%
- 1M
- -1.94%
- 6M
- 16.75%
- YTD
- 19.91%
- 1Y
- 29.52%
- 3Y*
- 13.06%
- 5Y*
- 10.88%
- 10Y*
- 6.43%
NUG vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUG Leverage Shares 2X Long NU Daily ETF | -42.23% | 9.30% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 19.91% | 1.24% |
Correlation
The correlation between NUG 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 Nov 17, 2025 | -0.14 |
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Return for Risk
NUG vs. DJP — Risk / Return Rank
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DJP
NUG vs. DJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NU Daily ETF (NUG) 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.
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.
| NUG | DJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.88 | — |
| Martin ratioReturn relative to average drawdown | — | 6.29 | — |
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Drawdowns
NUG vs. DJP - Drawdown Comparison
The maximum NUG drawdown since its inception was -66.15%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for NUG and DJP.
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Drawdown Indicators
| NUG | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.15% | -78.35% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.42% | — |
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 | -53.26% | -38.33% | -14.93% |
Average DrawdownAverage peak-to-trough decline | -33.78% | -50.79% | +17.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.89% | — |
Volatility
NUG vs. DJP - Volatility Comparison
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Volatility by Period
| NUG | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.71% | 19.32% | +60.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.71% | 18.98% | +60.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.71% | 17.04% | +62.67% |
NUG vs. DJP - Expense Ratio Comparison
NUG has a 0.75% expense ratio, which is higher than DJP's 0.70% expense ratio.
Dividends
NUG vs. DJP - Dividend Comparison
Neither NUG nor DJP has paid dividends to shareholders.
Frequently Asked Questions
NUG 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.
On fees, DJP is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DJP is cheaper with a 0.70% expense ratio, compared with 0.75% for NUG.
NUG and DJP have nearly identical dividend yields, around 0.00%.
NUG is categorized as Leveraged Equities, while DJP is Commodities. They also come from different issuers: Leverage Shares and Barclays Capital. Their fees differ too: 0.75% for NUG and 0.70% for DJP.
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