VSHY vs. DJP
VSHY (Virtus Newfleet Short Duration High Yield Bond ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - VSHY is a High Yield Bonds fund actively managed by Virtus, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. VSHY is actively managed, while DJP is passively managed. Over the past year, VSHY returned 6.20% vs 29.52% for DJP. At a 0.07 correlation, their price movements are largely independent. VSHY charges 0.40%/yr vs 0.70%/yr for DJP.
Performance
VSHY vs. DJP - Performance Comparison
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Returns By Period
In the year-to-date period, VSHY achieves a 2.46% return, which is significantly lower than DJP's 19.91% return.
VSHY
- 1D
- -0.18%
- 1M
- 0.11%
- 6M
- 2.01%
- YTD
- 2.46%
- 1Y
- 6.20%
- 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%
VSHY vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 2.46% | 6.87% | 8.03% | 3.76% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 19.91% | 17.20% | 5.59% | -2.31% |
Correlation
The correlation between VSHY and DJP is -0.09, 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 (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2023 | 0.07 |
The correlation between VSHY and DJP shifts across timeframes, from -0.09 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VSHY vs. DJP — Risk / Return Rank
VSHY
DJP
VSHY vs. DJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) 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.
| VSHY | DJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 1.88 | +1.55 |
| Martin ratioReturn relative to average drawdown | 12.84 | 6.29 | +6.55 |
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Drawdowns
VSHY vs. DJP - Drawdown Comparison
The maximum VSHY drawdown since its inception was -4.55%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for VSHY and DJP.
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Drawdown Indicators
| VSHY | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -78.35% | +73.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -16.42% | +14.69% |
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 | -0.23% | -38.33% | +38.10% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -50.79% | +50.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 4.89% | -4.43% |
Volatility
VSHY vs. DJP - Volatility Comparison
The current volatility for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is 0.98%, while iPath Bloomberg Commodity Index Total Return ETN (DJP) has a volatility of 4.94%. This indicates that VSHY 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.
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Volatility by Period
| VSHY | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 4.94% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 16.79% | -14.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 19.32% | -15.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 18.98% | -14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 17.04% | -12.68% |
VSHY vs. DJP - Expense Ratio Comparison
VSHY has a 0.40% expense ratio, which is lower than DJP's 0.70% expense ratio.
Dividends
VSHY vs. DJP - Dividend Comparison
VSHY's dividend yield for the trailing twelve months is around 6.35%, while DJP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% | 0.00% |
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 6.35% | 6.14% | 6.81% | 1.36% |
Frequently Asked Questions
VSHY and DJP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DJP has higher volatility (4.94%) compared to VSHY (0.98%). In terms of maximum drawdown, VSHY dropped -4.55% vs DJP's -78.35%.
On 1-year performance, DJP leads with 29.52% vs 6.20% for VSHY. On fees, VSHY is cheaper at 0.40% per year. On volatility, VSHY has been the lower-risk option at 0.98%. 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 29.52% return vs 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VSHY is cheaper with a 0.40% expense ratio, compared with 0.70% for DJP.
VSHY has the higher dividend yield at 6.35%, compared with 0.00% for DJP.
VSHY is categorized as High Yield Bonds, while DJP is Commodities. They also come from different issuers: Virtus and Barclays Capital. Their fees differ too: 0.40% for VSHY and 0.70% for DJP.
VSHY currently has the higher Sharpe Ratio (1.74 vs 1.59), 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.
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