DJP vs DORM: Correlation
How closely do iPath Bloomberg Commodity Index Total Return ETN (DJP) and Dorman Products, Inc. (DORM) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJP and DORM?
Across a 3-year window, the weekly returns of DJP and DORM correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.22). Stretching to 5 years gives -0.13, with an annualized covariance of -112.4 %².
Among the 42 assets we track against DJP, DORM ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DJP outperformed by 70.8 percentage points (+49.2% for DJP against -21.6% for DORM). Risk is not evenly split, since DORM carries 1.9 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DJP vs DORM: side by side
| DJP (iPath Bloomberg Commodity Index Total Return ETN) | DORM (Dorman Products, Inc.) | |
|---|---|---|
| 1-year return | +49.2% | -21.6% |
| 5-year return | +82.1% | +34.2% |
| Volatility (ann.) | 16.3% | 31.5% |
| Beta vs S&P 500 | 0.11 | 0.78 |
| Max drawdown (3Y) | -16.4% | -39.6% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJP | DORM |
|---|---|---|
| 2022 | +17.5% | -28.4% |
| 2023 | -9.8% | +3.1% |
| 2024 | +5.6% | +55.3% |
| 2025 | +17.2% | -4.9% |
| 2026 | +34.7% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJP and DORM good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DJP and DORM?
As of 2026-08-27, the correlation of weekly returns between DJP and DORM is -0.22 over 3 years, -0.36 over 1 year and -0.13 over 5 years.
Is DORM a good diversifier for DJP?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DJP correlations · DORM correlations
