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ETFs

iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036

DJP
$--
Today’s Change
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Snapshot
*

Inception Date
Jun 06 2006
Expense Ratio
0.70%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$2,099,411
AUM
$645,548,610
Associated Index
Bloomberg Commodity USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with DJP

What is DJP?

The iPath Bloomberg-UBS Commodity Index Total Return ETN is linked to the Bloomberg-UBS Commodity Index Total Returnand reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The commodities represented in the Bloomberg-UBS Commodity Index Total Return are rebalanced annually; however, the weightings fluctuate between rebalancings due to changes in market prices.

ETFs related toDJP

ETFs correlated to DJP include BCI, BCD, FTGC

DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
CMDT
Pimco Exchange Traded Fund - PIMCO Commodity Strategy Active Exchange-Traded Fund
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDJP

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with DJP using Composer

FAQ

DJP is a Global Commodities & Metals ETF. The iPath Bloomberg-UBS Commodity Index Total Return ETN is linked to the Bloomberg-UBS Commodity Index Total Returnand reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The commodities represented in the Bloomberg-UBS Commodity Index Total Return are rebalanced annually; however, the weightings fluctuate between rebalancings due to changes in market prices.

DJP tracks the Bloomberg Commodity USD Index.

No, DJP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DJP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DJP is 0.0156%. This is the percent change in the value of DJP over the most recent 1-month period. The 3-month return on DJP is 0.0498%. This is the percent change in the value of DJP over the most recent 3-month period.

The standard deviation of DJP for the past year is 0.1679%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DJP include DJCB, NBCM, and UCIB.

ETFs correlated to DJP include BCI, BCD, and FTGC.

ETFs that are inversely correlated to DJP include SCO, DRIP, and OILD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.