DBCMX vs. JCRAX
DBCMX (DoubleLine Strategic Commodity Fund) and JCRAX (ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund) are both Commodities funds. Over the past 10 years, DBCMX returned 7.53%/yr vs 8.27%/yr for JCRAX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. DBCMX charges 1.02%/yr vs 1.36%/yr for JCRAX.
Performance
DBCMX vs. JCRAX - Performance Comparison
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Returns By Period
In the year-to-date period, DBCMX achieves a 29.78% return, which is significantly higher than JCRAX's 18.77% return. Over the past 10 years, DBCMX has underperformed JCRAX with an annualized return of 7.53%, while JCRAX has yielded a comparatively higher 8.27% annualized return.
DBCMX
- 1D
- -0.43%
- 1M
- 8.57%
- 6M
- 23.78%
- YTD
- 29.78%
- 1Y
- 35.56%
- 3Y*
- 9.18%
- 5Y*
- 9.45%
- 10Y*
- 7.53%
- ALL TIME*
- 7.63%
JCRAX
- 1D
- 0.73%
- 1M
- 5.83%
- 6M
- 7.37%
- YTD
- 18.77%
- 1Y
- 38.22%
- 3Y*
- 12.73%
- 5Y*
- 10.66%
- 10Y*
- 8.27%
- ALL TIME*
- 3.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DBCMX vs. JCRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 29.78% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | -6.07% | 4.78% | -10.65% | 9.17% |
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund | 18.77% | 25.30% | 1.32% | -7.37% | 12.82% | 29.21% | 2.15% | 11.00% | -14.54% | 4.58% |
Correlation
The correlation between DBCMX and JCRAX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.76 |
The correlation between DBCMX and JCRAX has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
DBCMX vs. JCRAX — Risk / Return Rank
DBCMX
JCRAX
DBCMX vs. JCRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Strategic Commodity Fund (DBCMX) and ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX). 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.
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 | JCRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.72 | +0.08 |
| Martin ratioReturn relative to average drawdown | 10.33 | 9.01 | +1.31 |
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Drawdowns
DBCMX vs. JCRAX - Drawdown Comparison
The maximum DBCMX drawdown since its inception was -37.62%, smaller than the maximum JCRAX drawdown of -62.03%. Use the drawdown chart below to compare losses from any high point for DBCMX and JCRAX.
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Drawdown Indicators
| DBCMX | JCRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -62.03% | +24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -13.01% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -13.01% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -26.60% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -43.14% | +5.52% |
Current DrawdownCurrent decline from peak | -3.20% | -7.32% | +4.12% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -26.21% | +13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.92% | -0.67% |
Volatility
DBCMX vs. JCRAX - Volatility Comparison
DoubleLine Strategic Commodity Fund (DBCMX) has a higher volatility of 4.43% compared to ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund (JCRAX) at 4.07%. This indicates that DBCMX's price experiences larger fluctuations and is considered to be riskier than JCRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBCMX | JCRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.07% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 11.68% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 14.83% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 20.67% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 18.08% | -3.47% |
DBCMX vs. JCRAX - Expense Ratio Comparison
DBCMX has a 1.02% expense ratio, which is lower than JCRAX's 1.36% expense ratio.
Dividends
DBCMX vs. JCRAX - Dividend Comparison
DBCMX's dividend yield for the trailing twelve months is around 2.34%, less than JCRAX's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.34% | 3.04% | 2.89% | 3.30% | 46.88% | 13.53% | 0.00% | 1.04% | 1.21% | 5.23% | 0.51% |
JCRAX ALPS/CoreCommodity Management CompleteCommoditiesSM Strategy Fund | 7.41% | 8.80% | 2.80% | 3.29% | 7.08% | 22.43% | 0.29% | 0.90% | 3.26% | 2.44% | 0.05% |
Frequently Asked Questions
DBCMX and JCRAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBCMX has higher volatility (4.43%) compared to JCRAX (4.07%). In terms of maximum drawdown, DBCMX dropped -37.62% vs JCRAX's -62.03%.
JCRAX currently has the higher Sharpe Ratio (2.39 vs 2.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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