iPath DJ-UBS Commodity Index TR ETNDJP

Morningstar Rating

ETF Research and Analysis

by Abby Woodham
Suitability
IPath DJ-UBS Commodity Index TR ETN DJP tracks an index composed of the futures contracts of 22 commodities weighted by economic importance, providing the return of the most significant commodities. Since DJP’s inception   Read more 

Bull Case

DJP's ETN structure avoids the adverse tax treatment competitor ETFs face, as well as closer tracking of the underlying index.
Broad-basket commodity funds like DJP allow investors to speculate in the area without the hassle and complication of directly investing in futures. Read more 

Bear Case

Tracking front-month futures means that DJP is more affected by roll yield than some of its competitors that have protections built in.
With 20% more volatility than the S&P 500, investors should be prepare to buckle up.
Path-dependent fees can make this product more expensive than expected. Read more 

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