XAGG vs. DJP
XAGG (Eaton Vance Income Opportunities ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - XAGG is a Multisector Bonds fund actively managed by Eaton Vance, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. XAGG is actively managed, while DJP is passively managed. At a correlation of -0.19, they often move in opposite directions. XAGG charges 0.50%/yr vs 0.70%/yr for DJP.
Performance
XAGG vs. DJP - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG achieves a 2.53% return, which is significantly lower than DJP's 19.91% return.
XAGG
- 1D
- 0.05%
- 1M
- 0.45%
- 6M
- 1.69%
- YTD
- 2.53%
- 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%
XAGG vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 2.53% | 1.75% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 19.91% | 2.82% |
Correlation
The correlation between XAGG and DJP is -0.19, 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 10, 2025 | -0.19 |
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Return for Risk
XAGG vs. DJP — Risk / Return Rank
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DJP
XAGG vs. DJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) 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.
| XAGG | 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
XAGG vs. DJP - Drawdown Comparison
The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for XAGG and DJP.
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Drawdown Indicators
| XAGG | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -78.35% | +75.47% |
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 | -0.15% | -38.33% | +38.18% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -50.79% | +50.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.89% | — |
Volatility
XAGG vs. DJP - Volatility Comparison
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Volatility by Period
| XAGG | 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 | 3.45% | 19.32% | -15.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 18.98% | -15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 17.04% | -13.59% |
XAGG vs. DJP - Expense Ratio Comparison
XAGG has a 0.50% expense ratio, which is lower than DJP's 0.70% expense ratio.
Dividends
XAGG vs. DJP - Dividend Comparison
XAGG's dividend yield for the trailing twelve months is around 4.45%, while DJP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% |
XAGG Eaton Vance Income Opportunities ETF | 4.45% | 1.02% |
Frequently Asked Questions
XAGG and DJP have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAGG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAGG is cheaper with a 0.50% expense ratio, compared with 0.70% for DJP.
XAGG has the higher dividend yield at 4.45%, compared with 0.00% for DJP.
XAGG is categorized as Multisector Bonds, while DJP is Commodities. They also come from different issuers: Eaton Vance and Barclays Capital. Their fees differ too: 0.50% for XAGG and 0.70% for DJP.
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