iPath® Bloomberg Commodity Index Total Return(SM) ETN

10-Year Study

DJP.US · · US · ETF

Executive Summary: iPath® Bloomberg Commodity Index Total Return(SM) ETN has compounded at 7.4% annually over the last 10 years, with a maximum drawdown of 36.2% and an annualized volatility of 15.3%.

1Y CAGR
+48.8%
3Y CAGR
+18.2%
5Y CAGR
+12.4%
10Y CAGR
+7.4%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
36.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.32
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.45
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
15.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +31.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -13.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202612.90.512.8-1.1————————26.6%
20254.71.04.1-5.7-0.62.7-0.62.32.63.13.5-0.617.2%
20240.4-1.93.92.92.2-2.0-4.1-0.45.3-1.5-0.11.15.6%
2023-0.6-5.7-0.0-0.9-6.54.57.3-1.0-1.00.5-3.0-3.0-9.8%
202210.27.38.84.62.2-11.84.1-0.2-9.01.94.0-3.317.5%
20212.97.7-2.59.83.11.62.4-0.96.03.4-8.73.931.1%
2020-8.6-5.7-16.0-1.85.42.97.47.9-4.41.94.25.8-4.1%
20195.71.2-0.2-0.5-4.33.1-1.2-2.31.52.1-2.75.47.6%
20182.5-2.1-0.62.61.8-4.2-2.5-2.02.1-2.5-0.9-7.5-13.1%
20170.00.1-3.1-1.9-1.7-0.02.60.2-0.22.6-0.73.00.7%
2016———9.9-0.65.3-6.3-1.83.2-0.31.12.512.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 15.3%. The dominant macroeconomic risk driver is USO.US, accounting for 41.7% of variance. Idiosyncratic stock-specific factors contribute 21.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110990.697674418603
2016-05-0110925.581395348836
2016-06-0111502.32558139535
2016-07-0110772.093023255813
2016-08-0110576.744186046511
2016-09-0110916.27906976744
2016-10-0110883.720930232557
2016-11-0110999.999999999998
2016-12-0111269.767441860466
2017-01-0111274.418604651162
2017-02-0111283.72093023256
2017-03-0110939.53488372093
2017-04-0110734.883720930233
2017-05-0110548.837209302326
2017-06-0110544.186046511628
2017-07-0110823.255813953487
2017-08-0110841.860465116277
2017-09-0110818.60465116279
2017-10-0111097.67441860465
2017-11-0111018.604651162792
2017-12-0111353.488372093023
2018-01-0111637.209302325582
2018-02-0111390.697674418603
2018-03-0111325.581395348838
2018-04-0111623.255813953489
2018-05-0111827.906976744187
2018-06-0111325.581395348838
2018-07-0111041.860465116277
2018-08-0110823.255813953487
2018-09-0111051.162790697676
2018-10-0110772.093023255813
2018-11-0110674.418604651164
2018-12-019869.767441860464
2019-01-0110432.558139534884
2019-02-0110558.139534883721
2019-03-0110539.534883720931
2019-04-0110488.372093023258
2019-05-0110032.558139534884
2019-06-0110344.186046511628
2019-07-0110223.255813953489
2019-08-019990.697674418605
2019-09-0110139.534883720931
2019-10-0110353.488372093025
2019-11-0110074.418604651162
2019-12-0110623.255813953489
2020-01-019711.627906976744
2020-02-019158.139534883721
2020-03-017688.372093023257
2020-04-017548.837209302326
2020-05-017953.488372093024
2020-06-018181.395348837209
2020-07-018786.046511627907
2020-08-019479.06976744186
2020-09-019060.465116279069
2020-10-019232.558139534884
2020-11-019623.255813953489
2020-12-0110186.046511627907
2021-01-0110479.069767441862
2021-02-0111283.72093023256
2021-03-0111004.651162790697
2021-04-0112079.069767441859
2021-05-0112451.162790697674
2021-06-0112651.162790697674
2021-07-0112948.837209302326
2021-08-0112837.209302325582
2021-09-0113604.651162790697
2021-10-0114060.46511627907
2021-11-0112841.860465116279
2021-12-0113348.837209302324
2022-01-0114706.976744186046
2022-02-0115786.046511627907
2022-03-0117167.441860465115
2022-04-0117953.488372093027
2022-05-0118353.488372093023
2022-06-0116186.046511627905
2022-07-0116846.511627906977
2022-08-0116818.60465116279
2022-09-0115306.976744186046
2022-10-0115590.697674418605
2022-11-0116213.953488372093
2022-12-0115679.06976744186
2023-01-0115586.046511627907
2023-02-0114697.67441860465
2023-03-0114693.023255813952
2023-04-0114553.488372093021
2023-05-0113609.302325581397
2023-06-0114218.604651162792
2023-07-0115251.162790697674
2023-08-0115102.325581395347
2023-09-0114948.837209302326
2023-10-0115023.255813953487
2023-11-0114576.744186046511
2023-12-0114134.883720930233
2024-01-0114190.697674418607
2024-02-0113925.581395348838
2024-03-0114465.116279069767
2024-04-0114888.372093023254
2024-05-0115209.302325581397
2024-06-0114911.627906976746
2024-07-0114293.023255813954
2024-08-0114237.209302325582
2024-09-0114995.348837209303
2024-10-0114767.441860465116
2024-11-0114758.139534883721
2024-12-0114925.58139534884
2025-01-0115623.255813953489
2025-02-0115772.093023255813
2025-03-0116423.25581395349
2025-04-0115479.069767441862
2025-05-0115386.046511627907
2025-06-0115804.651162790697
2025-07-0115702.32558139535
2025-08-0116060.46511627907
2025-09-0116483.720930232557
2025-10-0117000
2025-11-0117590.697674418607
2025-12-0117493.023255813954
2026-01-0119748.837209302324
2026-02-0119855.81395348837
2026-03-0122390.697674418603
2026-04-0122153.488372093023
Annual Return Matrix
YearAnnual Return
20170.007428807263722748
2018-0.13068414584186816
20190.07634307257304429
2020-0.04115586690017514
20210.3105022831050228
20220.17456445993031355
2023-0.09848709581726489
20240.05593945376768694
20250.1720162044250544
20260.2664185057165649
Total Factor Risk
0.15277845378528992
VTI.US Exposure
0.007390958443823811
VEA.US Exposure
-0.004973733285143669
VWO.US Exposure
0.009579888073433782
QQQ.US Exposure
-0.0009909053521199795
VTV.US Exposure
0.05643754210979031
IJR.US Exposure
-0.014737742812688762
QUAL.US Exposure
0.00041465961972880956
SHV.US Exposure
0.03949138270386399
TLT.US Exposure
-0.0043267726988331185
LQD.US Exposure
0.01995236281761405
HYG.US Exposure
0.012676059971648822
GLD.US Exposure
0.0169458416698778
USO.US Exposure
0.4165387966500014
VNQ.US Exposure
-0.0011233837466478123
BTC-USD.CC Exposure
0.0001837930286270392
CPER.US Exposure
0.12269295235172023
VIX.INDX Exposure
0.0000231920654092538
UUP.US Exposure
0.0018479950125841864
TIP.US Exposure
0.11055215791983718
Idiosyncratic Exposure
0.21142495545747284
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
15.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+5.9%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+23.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
2.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.15
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iPath® Bloomberg Commodity Index Total Return(SM) ETN a high-risk investment?

iPath® Bloomberg Commodity Index Total Return(SM) ETN (DJP.US) has an annualized volatility of 15.3% and experienced a maximum drawdown of 36.2% over the last 10 years. Its primary macro risk driver is USO.US.

What is the 10-year return of DJP.US?

Over the past 10 years, DJP.US has generated a Compound Annual Growth Rate (CAGR) of 7.4%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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