DJP: iPath Bloomberg Commodity Index Total Return ETN

What does DJP hold?#

This is an exchange-traded note, which is a debt promise from Barclays Bank PLC, not a fund that owns things. It pays back based on a broad commodity index that includes energy, metals and farm goods, minus a yearly fee. If Barclays could not pay its debts, investors could lose money even if commodities went up.

It tracks the Bloomberg Commodity Index Total Return.

What is the DJP expense ratio?#

DJP charges 0.7% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.7% fee comes to about $70 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has DJP done since 2006?#

From October 2006 to October 2026, DJP returned about 0.4% a year. Say you put in $10,000 at the start. It would have been worth about $10,859 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

DJP returns by year#

What was DJP’s worst drop?#

A drawdown is how far a fund falls from its last high point. DJP’s worst fall was −78.3%, from July 2, 2008 to April 21, 2020. By October 16, 2026 it had not yet climbed back to that high.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold DJP?#

One classic strategy holds DJP at least some of the time. Each is a set of written rules you can open, test and copy.

• Global Risk Parity Trend-Following (Clare et al.), by Andrew Clare, James Seaton, Peter N. Smith, and Stephen Thomas, 2016

How does DJP compare with similar ETFs?#

Funds that can stand in for DJP:

• GSG: iShares S&P GSCI Commodity-Indexed Trust, 0.75% a year
• DBC: Invesco DB Commodity Index Tracking Fund, 0.85% a year
• GLDM: SPDR Gold MiniShares, 0.1% a year
• SGOL: abrdn Physical Gold Shares ETF, 0.17% a year

See all 8 DJP alternatives, compared on the same dates as DJP.

Test DJP in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add DJP, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for DJP. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from iPath (Barclays). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.