- ISIN
- US2586207159
- CUSIP
- 258620715
- Issuer
- DoubleLine
- Inception Date
- May 17, 2015
- Category
- Commodities
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Commodity
Share Price Chart
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Performance
DBCMX Performance Chart
DoubleLine Strategic Commodity Fund (DBCMX) is up 21.3% since the beginning of the year. DBCMX is currently trading at $9 per share. Investors who bought $1,000 worth of DBCMX shares 5 years ago would now be looking at an investment worth $1,551.
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Returns By Period
DoubleLine Strategic Commodity Fund (DBCMX) has returned 21.33% so far this year and 25.16% over the past 12 months. Over the last ten years, DBCMX has returned 6.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
DoubleLine Strategic Commodity Fund
- 1D
- -0.79%
- 1M
- -6.71%
- YTD
- 21.33%
- 6M
- 23.44%
- 1Y
- 25.16%
- 3Y*
- 8.77%
- 5Y*
- 9.17%
- 10Y*
- 6.24%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DBCMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, DBCMX's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.
Historically, 55% of months were positive and 45% were negative. The best month was Mar 2026 with a return of +11.8%, while the worst month was Mar 2020 at -13.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, DBCMX closed higher 51% of trading days. The best single day was Mar 7, 2022 with a return of +10.0%, while the worst single day was Nov 26, 2021 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.85% | 4.10% | 11.80% | 7.04% | -2.97% | -4.26% | 21.33% | ||||||
| 2025 | 1.28% | -0.70% | 1.28% | -4.62% | 0.88% | 3.20% | 1.41% | 0.97% | 0.00% | 1.10% | -0.00% | 1.33% | 6.10% |
| 2024 | 3.06% | 0.68% | 4.56% | 0.64% | -1.28% | -1.16% | -2.75% | -1.61% | -0.55% | -1.79% | -0.14% | 1.01% | 0.45% |
| 2023 | 2.33% | -4.56% | 0.00% | -0.66% | -6.54% | 5.00% | 7.21% | 1.14% | -0.38% | -2.27% | -1.16% | -3.33% | -3.96% |
| 2022 | 7.68% | 6.21% | 9.60% | 2.87% | 0.46% | -8.40% | -1.26% | -3.24% | -6.60% | 4.71% | 2.70% | -0.42% | 13.40% |
| 2021 | 3.70% | 10.24% | -2.93% | 8.01% | 2.60% | 0.38% | 1.96% | -1.65% | 0.65% | 4.63% | -6.38% | 7.53% | 31.24% |
Benchmark Metrics
DoubleLine Strategic Commodity Fund has an annualized alpha of 5.24%, beta of 0.19, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 41.13% of S&P 500 Index downside but only 39.30% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.19 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.24%
- Beta
- 0.19
- R²
- 0.06
- Upside Capture
- 39.30%
- Downside Capture
- 41.13%
Expense Ratio
DBCMX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DBCMX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DoubleLine Strategic Commodity Fund (DBCMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBCMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.78 | -0.14 |
| Martin ratioReturn relative to average drawdown | 11.88 | 12.44 | -0.55 |
Dividends
Dividend History
DoubleLine Strategic Commodity Fund provided a 2.50% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.20 | $0.24 | $3.62 | $1.36 | $0.00 | $0.10 | $0.11 | $0.53 | $0.05 |
Dividend yield | 2.50% | 3.04% | 2.89% | 3.30% | 46.88% | 13.53% | 0.00% | 1.04% | 1.21% | 5.23% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Strategic Commodity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.62 | $3.62 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DoubleLine Strategic Commodity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DoubleLine Strategic Commodity Fund was 37.62%, occurring on Apr 3, 2020. Recovery took 272 trading sessions.
The current DoubleLine Strategic Commodity Fund drawdown is 9.50%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.62%Apr 2020 | 1y 10mo | 1y 1mo | 2y 11moMay 2018 - May 2021 |
2023 bear market2023 | -27.60%May 2023 | 1y 2mo | 2y 9mo | 4y 12dMar 2022 - Mar 2026 |
2017 correction2017 | -13.10%Jun 2017 | 4mo 7d | 3mo 28d | 8mo 5dFeb 2017 - Oct 2017 |
2021 pullback2021 | -9.58%Nov 2021 | 1mo 10d | 1mo 12d | 2mo 22dOct 2021 - Jan 2022 |
2026 pullback2026 | -9.50%Jun 2026 | 1mo 6d | — | 1mo 11dMay 2026 - now |
Drawdown Indicators
| DBCMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -56.78% | +19.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -9.10% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -18.90% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -25.43% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -33.92% | -3.70% |
Current DrawdownCurrent decline from peak | -9.50% | -1.80% | -7.70% |
Average DrawdownAverage peak-to-trough decline | -13.23% | -10.71% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.03% | +0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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