- Issuer
- DoubleLine
- Inception Date
- Jan 31, 2024
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $36M
Share Price Chart
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Performance
DCMT Performance Chart
DoubleLine Commodity Strategy ETF (DCMT) is up 20.0% since the beginning of the year. DCMT is currently trading at $31 per share.
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Returns By Period
DoubleLine Commodity Strategy ETF (DCMT) has returned 19.96% so far this year and 22.10% over the past 12 months.
DoubleLine Commodity Strategy ETF
- 1D
- -1.04%
- 1M
- -11.03%
- YTD
- 19.96%
- 6M
- 18.79%
- 1Y
- 22.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
DCMT Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2024, DCMT's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Mar 2026 with a return of +15.3%, while the worst month was Jun 2026 at -8.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DCMT closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +3.9%, while the worst single day was Mar 23, 2026 at -4.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.60% | 1.98% | 15.33% | 7.17% | -4.48% | -8.25% | 19.96% | ||||||
| 2025 | 3.91% | -1.15% | 2.77% | -7.26% | 0.82% | 2.36% | 2.49% | 1.43% | 0.86% | 0.39% | 0.70% | -0.98% | 6.04% |
| 2024 | -1.08% | 4.42% | 0.66% | -0.55% | -0.44% | -2.97% | -0.85% | 2.11% | 1.05% | 0.43% | 1.00% | 3.65% |
Benchmark Metrics
DoubleLine Commodity Strategy ETF has an annualized alpha of 11.22%, beta of 0.12, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 01, 2024.
- This ETF captured 31.58% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.93%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.12 may look defensive, but with R2 of 0.01 this ETF 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 ETF's risk.
- R2 of 0.01 means this ETF 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
- 11.22%
- Beta
- 0.12
- R²
- 0.01
- Upside Capture
- 31.58%
- Downside Capture
- -15.93%
Expense Ratio
DCMT has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DCMT ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) 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.
| DCMT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.46 | -0.86 |
| Martin ratioReturn relative to average drawdown | 7.23 | 10.92 | -3.68 |
Dividends
Dividend History
DoubleLine Commodity Strategy ETF provided a 3.06% dividend yield over the last twelve months, with an annual payout of $0.96 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.96 | $0.96 | $0.41 |
Dividend yield | 3.06% | 3.67% | 1.59% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Commodity Strategy ETF. 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 | $0.96 | $0.96 |
| 2024 | $0.41 | $0.41 |
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 Commodity Strategy ETF. 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 Commodity Strategy ETF was 13.89%, occurring on Jun 23, 2026. The portfolio has not yet recovered.
The current DoubleLine Commodity Strategy ETF drawdown is 13.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -13.89%Jun 2026 | 1mo 4d | — | 1mo 5dMay 2026 - now |
2025 selloff2025 | -11.95%Apr 2025 | 1mo 17d | 5mo 11d | 6mo 28dFeb 2025 - Sep 2025 |
2024 correction2024 | -11.28%Sep 2024 | 5mo 5d | 4mo 2d | 9mo 7dApr 2024 - Jan 2025 |
2026 pullback2026 | -5.48%Apr 2026 | 10d | 6d | 16dApr 2026 - Apr 2026 |
2026 pullback2026 | -5.14%Feb 2026 | 18d | 10d | 28dJan 2026 - Feb 2026 |
Drawdown Indicators
| DCMT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -56.78% | +42.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -9.10% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.89% | -3.21% | -10.68% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -10.71% | +7.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.04% | +1.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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