URSP vs. DJP

Last updated Jul 12, 2026

URSP (ProShares Ultra S&P 500 Equal Weight ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. At a correlation of -0.05, they often move in opposite directions. URSP charges 0.95%/yr vs 0.70%/yr for DJP.

Performance

URSP vs. DJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra S&P 500 Equal Weight ETF (URSP) 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, URSP achieves a 22.30% return, which is significantly higher than DJP's 19.91% return.

URSP

• 1D: 0.75%
• 1M: 2.80%
• 6M: 14.94%
• YTD: 22.30%
• 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%

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

URSP vs. DJP - Yearly Performance Comparison

	2026 (YTD)	2025
URSP ProShares Ultra S&P 500 Equal Weight ETF	22.30%	1.59%
DJP iPath Bloomberg Commodity Index Total Return ETN	19.91%	10.81%

Correlation

The correlation between URSP and DJP is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	-0.05

Return for Risk

URSP vs. DJP — Risk / Return Rank

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

URSP

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

DJP

DJP Risk / Return Rank: 53
DJP Sharpe Ratio Rank: 59
DJP Sortino Ratio Rank: 54
DJP Omega Ratio Rank: 58
DJP Calmar Ratio Rank: 46
DJP Martin Ratio Rank: 48

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.

URSP vs. DJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) 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.

	URSP	DJP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.59	—
Sortino ratio: Return per unit of downside risk	—	2.12	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	1.88	—
Martin ratio: Return relative to average drawdown	—	6.29	—

Drawdowns

URSP vs. DJP - Drawdown Comparison

The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for URSP and DJP.

Drawdown Indicators

	URSP	DJP	Difference
Max Drawdown Largest peak-to-trough decline	-15.72%	-78.35%	+62.63%
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 Drawdown Current decline from peak	-0.94%	-38.33%	+37.39%
Average Drawdown Average peak-to-trough decline	-2.97%	-50.79%	+47.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.89%	—

Volatility

Volatility by Period

	URSP	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	23.56%	19.32%	+4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.56%	18.98%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.56%	17.04%	+6.52%

URSP vs. DJP - Expense Ratio Comparison

URSP has a 0.95% expense ratio, which is higher than DJP's 0.70% expense ratio.

Dividends

URSP vs. DJP - Dividend Comparison

URSP's dividend yield for the trailing twelve months is around 0.92%, while DJP has not paid dividends to shareholders.

Position	TTM	2025
DJP iPath Bloomberg Commodity Index Total Return ETN	0.00%	0.00%
URSP ProShares Ultra S&P 500 Equal Weight ETF	0.92%	0.38%

Frequently Asked Questions

Can I hold both URSP and DJP in my portfolio?

URSP and DJP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URSP or DJP?

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.

Which ETF is cheaper, URSP or DJP?

DJP is cheaper with a 0.70% expense ratio, compared with 0.95% for URSP.

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

URSP has the higher dividend yield at 0.92%, compared with 0.00% for DJP.

What is the main difference between URSP and DJP?

URSP is categorized as Leveraged Equities, while DJP is Commodities. URSP tracks S&P 500 Equal Weight Index, while DJP tracks Bloomberg Commodity Index. They also come from different issuers: ProShares and Barclays Capital. Their fees differ too: 0.95% for URSP and 0.70% for DJP.