DJP vs SYY: Correlation
Measured on weekly returns over the past three years, iPath Bloomberg Commodity Index Total Return ETN (DJP) and Sysco (SYY) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJP and SYY?
Across a 3-year window, the weekly returns of DJP and SYY correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Stretching to 5 years gives -0.09, with an annualized covariance of -79.0 %².
By 3-year correlation, SYY places #28 of the 42 assets tracked against DJP. Their recent paths diverged sharply: over the last 12 months DJP outperformed by 43.6 percentage points (+49.2% for DJP against +5.6% for SYY).
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 SYY: side by side
| DJP (iPath Bloomberg Commodity Index Total Return ETN) | SYY (Sysco) | |
|---|---|---|
| 1-year return | +49.2% | +5.6% |
| 5-year return | +82.1% | +19.2% |
| Volatility (ann.) | 16.3% | 20.3% |
| Beta vs S&P 500 | 0.11 | 0.14 |
| Max drawdown (3Y) | -16.4% | -24.0% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | – | 2.61% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | DJP | SYY |
|---|---|---|
| 2022 | +17.5% | -0.3% |
| 2023 | -9.8% | -1.7% |
| 2024 | +5.6% | +7.4% |
| 2025 | +17.2% | -1.0% |
| 2026 | +34.7% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJP and SYY good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between DJP and SYY?
As of 2026-08-27, the correlation of weekly returns between DJP and SYY is -0.24 over 3 years, -0.35 over 1 year and -0.09 over 5 years.
Is SYY a good diversifier for DJP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/djp-vs-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/djp-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DJP correlations · SYY correlations
