BNDP vs. DCMT

Last updated Jun 3, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - BNDP is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Float Adjusted Index, while DCMT is a Commodities fund actively managed by DoubleLine. BNDP is passively managed, while DCMT is actively managed. At a correlation of -0.47, they often move in opposite directions. BNDP charges 0.05%/yr vs 0.66%/yr for DCMT.

Performance

BNDP vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) and DoubleLine Commodity Strategy ETF (DCMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDP achieves a 0.42% return, which is significantly lower than DCMT's 33.65% return.

BNDP

• 1D: 0.11%
• 1M: 0.13%
• YTD: 0.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DCMT

• 1D: 0.40%
• 1M: -1.68%
• YTD: 33.65%
• 6M: 33.01%
• 1Y: 41.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDP vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	0.42%	0.10%
DCMT DoubleLine Commodity Strategy ETF	33.65%	-1.18%

Correlation

The correlation between BNDP and DCMT is -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	-0.47

Return for Risk

BNDP vs. DCMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DCMT

DCMT Risk / Return Rank: 74
DCMT Sharpe Ratio Rank: 68
DCMT Sortino Ratio Rank: 63
DCMT Omega Ratio Rank: 66
DCMT Calmar Ratio Rank: 93
DCMT Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNDP vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and DoubleLine Commodity Strategy ETF (DCMT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDP	DCMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	1.19	-0.89

Drawdowns

BNDP vs. DCMT - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum DCMT drawdown of -11.95%. Use the drawdown chart below to compare losses from any high point for BNDP and DCMT.

Drawdown Indicators

	BNDP	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-2.60%	-11.95%	+9.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.21%	—
Current Drawdown Current decline from peak	-1.23%	-4.07%	+2.84%
Average Drawdown Average peak-to-trough decline	-0.86%	-3.13%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.58%	—

Volatility

Volatility by Period

	BNDP	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	18.31%	-14.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.65%	15.78%	-12.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	15.78%	-12.13%

BNDP vs. DCMT - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than DCMT's 0.66% expense ratio.

Dividends

BNDP vs. DCMT - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.08%, less than DCMT's 2.75% yield.

Position	TTM	2025	2024
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%
DCMT DoubleLine Commodity Strategy ETF	2.75%	3.67%	1.59%

Frequently Asked Questions

Can I hold both BNDP and DCMT in my portfolio?

BNDP and DCMT have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDP or DCMT?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDP or DCMT?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.66% for DCMT.

Which ETF pays a higher dividend yield, BNDP or DCMT?

DCMT has the higher dividend yield at 2.75%, compared with 2.08% for BNDP.

What is the main difference between BNDP and DCMT?

BNDP is categorized as Intermediate Core-Plus Bond, while DCMT is Commodities. They also come from different issuers: Vanguard and DoubleLine. Their fees differ too: 0.05% for BNDP and 0.66% for DCMT.