TCPB vs. DJP
TCPB (Thrivent Core Plus Bond ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - TCPB is a Intermediate Core-Plus Bond fund actively managed by Thrivent, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. TCPB is actively managed, while DJP is passively managed. Over the past year, TCPB returned 5.01% vs 32.88% for DJP. At a correlation of -0.20, they often move in opposite directions. TCPB charges 0.39%/yr vs 0.70%/yr for DJP.
Performance
TCPB vs. DJP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TCPB achieves a 0.43% return, which is significantly lower than DJP's 23.08% return.
TCPB
- 1D
- -0.14%
- 1M
- -0.56%
- 6M
- 0.01%
- YTD
- 0.43%
- 1Y
- 5.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DJP
- 1D
- -1.20%
- 1M
- 1.74%
- 6M
- 17.82%
- YTD
- 23.08%
- 1Y
- 32.88%
- 3Y*
- 13.81%
- 5Y*
- 11.31%
- 10Y*
- 6.81%
TCPB vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCPB Thrivent Core Plus Bond ETF | 0.43% | 6.42% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 23.08% | 6.09% |
Correlation
The correlation between TCPB and DJP is -0.23, 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 (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | -0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TCPB vs. DJP — Risk / Return Rank
TCPB
DJP
TCPB vs. DJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Core Plus Bond ETF (TCPB) 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.
| TCPB | DJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.01 | -0.17 |
| Martin ratioReturn relative to average drawdown | 5.18 | 6.53 | -1.35 |
Loading charts...
Drawdowns
TCPB vs. DJP - Drawdown Comparison
The maximum TCPB drawdown since its inception was -2.74%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for TCPB and DJP.
Loading charts...
Drawdown Indicators
| TCPB | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.74% | -78.35% | +75.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -16.42% | +13.68% |
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 | -1.34% | -36.70% | +35.36% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -50.78% | +49.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 5.05% | -4.08% |
Volatility
TCPB vs. DJP - Volatility Comparison
The current volatility for Thrivent Core Plus Bond ETF (TCPB) is 1.10%, while iPath Bloomberg Commodity Index Total Return ETN (DJP) has a volatility of 5.59%. This indicates that TCPB experiences smaller price fluctuations and is considered to be less risky than DJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TCPB | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 5.59% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 16.92% | -14.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 19.47% | -15.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 19.02% | -14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 17.05% | -12.65% |
TCPB vs. DJP - Expense Ratio Comparison
TCPB has a 0.39% expense ratio, which is lower than DJP's 0.70% expense ratio.
Dividends
TCPB vs. DJP - Dividend Comparison
TCPB's dividend yield for the trailing twelve months is around 4.83%, while DJP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% |
TCPB Thrivent Core Plus Bond ETF | 4.83% | 3.85% |
Frequently Asked Questions
TCPB and DJP have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DJP has higher volatility (5.59%) compared to TCPB (1.10%). In terms of maximum drawdown, TCPB dropped -2.74% vs DJP's -78.35%.
On 1-year performance, DJP leads with 32.88% vs 5.01% for TCPB. On fees, TCPB is cheaper at 0.39% per year. On volatility, TCPB has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DJP has performed better with a 32.88% return vs 5.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TCPB is cheaper with a 0.39% expense ratio, compared with 0.70% for DJP.
TCPB has the higher dividend yield at 4.83%, compared with 0.00% for DJP.
TCPB is categorized as Intermediate Core-Plus Bond, while DJP is Commodities. They also come from different issuers: Thrivent and Barclays Capital. Their fees differ too: 0.39% for TCPB and 0.70% for DJP.
DJP currently has the higher Sharpe Ratio (1.70 vs 1.24), 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.
Find the right allocation for TCPB and DJP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer