Elements Rogers International Commodity Index-Agriculture Total Return ETN

Price: $8.11
Change: $0.0 (0.0%)
Last Updated:


Structure ETN
Expense Ratio 0.75%
ETF Home Page Home page
Inception Oct 17, 2007

Analyst Report

This ETN offers exposure to agricultural commodities, seeking to replicate a well-known commodity benchmark. Given this relatively narrow focus, RJA probably doesn’t have much use for those building a long-term buy-and-hold portfolio; it will be better suited to those looking to implement a shorter-term tactical tilt towards agricultural commodities. RJA is just one of many options out there for exposure to agriculture, and the low volume and occasionally wide spreads may be cause for concern. RJA can be an effective tool for gaining exposure to agricultural commodities, but DBA offers better liquidity while UAG is cheaper. It should be noted that this product is an ETN, meaning that unlike ETFs (such as DBA) it will expose investors to the credit risk of the issuing institution but will avoid issued related to tracking error (which can be material in the commodity space). Moreover, the tax treatment across commodity ETFs and ETNs may be unique. And it is critical to note that the underlying index consists to futures contracts; as such, RJA won’t necessarily offer exposure to spot agriculture prices.

ETF Database Themes

Asset Class Commodity
Commodity Type Agriculture
Commodity Broad
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Commodities: Agriculture
  • Category Agriculture
  • Focus Broad Market
  • Niche Front Month
  • Strategy Fundamental
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $5.65
  • 52 Week Hi $8.22
  • AUM $130.6 M
  • Shares 16.3 M

Historical Trading Data

  • 1 Month Avg. Volume 94,918
  • 3 Month Avg. Volume 90,667

Alternative ETFs in the ETF Database Agricultural Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAGS 0.21% $8.4 M 4,206 23.44%
Largest (AUM) DBA 0.94% $924.8 M 826,761 18.77%
Most Liquid (Volume) DBA 0.94% $924.8 M 826,761 18.77%
Top YTD Performer JO 0.45% $116.2 M 91,989 48.78%

Alternative ETFs in the FactSet Commodities: Agriculture Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAGS 0.21% $8.4 M 4,206 23.44%
Largest (AUM) DBA 0.94% $924.8 M 826,761 18.77%
Most Liquid (Volume) DBA 0.94% $924.8 M 826,761 18.77%
Top YTD Performer TAGS 0.21% $8.4 M 4,206 23.44%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

RJA ETF Database Category Average FactSet Segment Average
Number of Holdings 19 3 10
% of Assets in Top 10 82.53% 98.75% 95.63%
% of Assets in Top 15 94.23% 99.43% 98.55%
% of Assets in Top 50 99.24% 99.73% 99.81%

Size Comparison

RJA ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

RJA Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

RJA Dividend

This section compares the dividend yield of this ETF to its peers.

RJA ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.02 $ 0.06
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A N/A N/A
Annual Dividend Yield N/A N/A N/A

RJA Price and Volume Chart

RJA Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 405.5 K 1 Month Net Flows: 9.9 K 3 Month Net Flows: -4.23 M 6 Month Net Flows: 8.58 M 1 Year Net Flows: 7.48 M 3 Year Net Flows: -5.82 M 5 Year Net Flows: -5.82 M 10 Year Net Flows: -125.21 M

RJA Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for RJA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Agricultural Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A DBA
Expenses B TAGS

A+ Overall Rated ETF:

RJA Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions No distributions
Distributes K1 No
ESG Themes and Scores

RJA does not have an ESG score. There are no ESG themes that map to this ETF.

RJA Performance

This section shows how this ETF has performed relative to its peers.

RJA ETF Database
Category Average
Factset Segment
1 Month Return 5.87% 3.98% 3.84%
3 Month Return 6.99% 6.31% 3.96%
YTD Return 23.25% 23.89% 21.01%
1 Year Return 41.04% 38.15% 36.79%
3 Year Return 36.99% 15.90% 18.27%
5 Year Return 26.92% 1.09% 5.24%

Geographic Exposure

The following charts reflect the geographic spread of RJA's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of RJA's underlying holdings.

RJA Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
16 of 17

20 Day Volatility
13 of 17

50 Day Volatility
13 of 17

200 Day Volatility
15 of 17

6 of 17

Standard Deviation
15 of 17


  • 20 Day MA $7.99
  • 60 Day MA $7.85
  • MACD 15 Period 0.06
  • MACD 100 Period 0.35
  • Williams % Range 10 Day 33.33
  • Williams % Range 20 Day 18.03
  • RSI 10 Day 60
  • RSI 20 Day 58
  • RSI 30 Day 57
  • Ultimate Oscillator 54

Bollinger Bands

  • Lower Bollinger (10 Day) $7.96
  • Upper Bollinger (10 Day) $8.20
  • Lower Bollinger (20 Day) $7.70
  • Upper Bollinger (20 Day) $8.26
  • Lower Bollinger (30 Day) $7.54
  • Upper Bollinger (30 Day) $8.24

Support & Resistance

  • Support Level 1 $8.07
  • Support Level 2 $8.03
  • Resistance Level 1 $8.13
  • Resistance Level 2 $8.15


  • Stochastic Oscillator %D (1 Day) 69.13
  • Stochastic Oscillator %D (5 Day) 64.93
  • Stochastic Oscillator %K (1 Day) 55.87
  • Stochastic Oscillator %K (5 Day) 55.53

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the RJA ETF home page for more information.

Data Lineage

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