DJP vs REYN: Correlation
iPath Bloomberg Commodity Index Total Return ETN (DJP) and Reynolds Consumer Products Inc. (REYN) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJP and REYN?
Across a 3-year window, the weekly returns of DJP and REYN correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.30). Stretching to 5 years gives -0.20, with an annualized covariance of -102.0 %².
Among the 42 assets we track against DJP, REYN sits near the bottom by co-movement, at rank #38. Correlation aside, the last 12 months split them widely, with DJP ahead by 39.5 points (+49.2% versus +9.7%).
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 REYN: side by side
| DJP (iPath Bloomberg Commodity Index Total Return ETN) | REYN (Reynolds Consumer Products Inc.) | |
|---|---|---|
| 1-year return | +49.2% | +9.7% |
| 5-year return | +82.1% | +1.4% |
| Volatility (ann.) | 16.3% | 21.1% |
| Beta vs S&P 500 | 0.11 | 0.24 |
| Max drawdown (3Y) | -16.4% | -33.4% |
| Market cap | – | $5.1B |
| P/E (trailing) | – | 14.8 |
| Dividend yield | – | 3.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJP | REYN |
|---|---|---|
| 2022 | +17.5% | -1.5% |
| 2023 | -9.8% | -7.5% |
| 2024 | +5.6% | +3.8% |
| 2025 | +17.2% | -11.7% |
| 2026 | +34.7% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJP and REYN good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DJP and REYN?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.46 over the last year and -0.20 over 5 years.
Is REYN a good diversifier for DJP?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
Use this data
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Related comparisons
Hubs: DJP correlations · REYN correlations
