DBCMX vs. PCRPX

Last updated Jun 26, 2026

DBCMX (DoubleLine Strategic Commodity Fund) and PCRPX (PIMCO Commodity Real Return Strategy Fund) are both Commodities funds. Over the past 10 years, DBCMX returned 6.14%/yr vs 7.20%/yr for PCRPX. A 0.77 correlation means they provide meaningful diversification when combined. DBCMX charges 1.02%/yr vs 0.92%/yr for PCRPX.

Performance

DBCMX vs. PCRPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Strategic Commodity Fund (DBCMX) and PIMCO Commodity Real Return Strategy Fund (PCRPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBCMX achieves a 18.01% return, which is significantly higher than PCRPX's 12.45% return. Over the past 10 years, DBCMX has underperformed PCRPX with an annualized return of 6.14%, while PCRPX has yielded a comparatively higher 7.20% annualized return.

DBCMX

• 1D: -1.50%
• 1M: -7.99%
• YTD: 18.01%
• 6M: 18.44%
• 1Y: 24.84%
• 3Y*: 8.85%
• 5Y*: 8.03%
• 10Y*: 6.14%

PCRPX

• 1D: -1.77%
• 1M: -10.66%
• YTD: 12.45%
• 6M: 8.89%
• 1Y: 22.98%
• 3Y*: 13.20%
• 5Y*: 10.14%
• 10Y*: 7.20%

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

DBCMX vs. PCRPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBCMX DoubleLine Strategic Commodity Fund	18.01%	6.10%	0.45%	-3.96%	13.40%	31.24%	-6.07%	4.78%	-10.65%	9.17%
PCRPX PIMCO Commodity Real Return Strategy Fund	12.45%	16.26%	10.79%	-6.20%	9.12%	33.01%	0.73%	12.24%	-13.90%	2.62%

Correlation

The correlation between DBCMX and PCRPX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.77

The correlation between DBCMX and PCRPX has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

Return for Risk

DBCMX vs. PCRPX — Risk / Return Rank

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

DBCMX

DBCMX Risk / Return Rank: 51
DBCMX Sharpe Ratio Rank: 54
DBCMX Sortino Ratio Rank: 49
DBCMX Omega Ratio Rank: 49
DBCMX Calmar Ratio Rank: 40
DBCMX Martin Ratio Rank: 62

PCRPX

PCRPX Risk / Return Rank: 33
PCRPX Sharpe Ratio Rank: 34
PCRPX Sortino Ratio Rank: 30
PCRPX Omega Ratio Rank: 33
PCRPX Calmar Ratio Rank: 26
PCRPX Martin Ratio Rank: 40

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.

DBCMX vs. PCRPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Strategic Commodity Fund (DBCMX) and PIMCO Commodity Real Return Strategy Fund (PCRPX). 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	PCRPX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.41	+0.38
Sortino ratio: Return per unit of downside risk	2.44	1.90	+0.55
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	2.08	1.60	+0.48
Martin ratio: Return relative to average drawdown	10.41	7.51	+2.90

DBCMX vs. PCRPX - Sharpe Ratio Comparison

The current DBCMX Sharpe Ratio is 1.79, which is comparable to the PCRPX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of DBCMX and PCRPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBCMX vs. PCRPX - Drawdown Comparison

The maximum DBCMX drawdown since its inception was -37.62%, smaller than the maximum PCRPX drawdown of -72.22%. Use the drawdown chart below to compare losses from any high point for DBCMX and PCRPX.

Drawdown Indicators

	DBCMX	PCRPX	Difference
Max Drawdown Largest peak-to-trough decline	-37.62%	-72.22%	+34.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	-14.44%	+2.46%
Max Drawdown (3Y) Largest decline over 3 years	-14.75%	-14.44%	-0.31%
Max Drawdown (5Y) Largest decline over 5 years	-27.60%	-34.54%	+6.94%
Max Drawdown (10Y) Largest decline over 10 years	-37.62%	-39.15%	+1.53%
Current Drawdown Current decline from peak	-11.98%	-15.05%	+3.07%
Average Drawdown Average peak-to-trough decline	-13.23%	-39.32%	+26.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	3.09%	-0.70%

Volatility

DBCMX vs. PCRPX - Volatility Comparison

DoubleLine Strategic Commodity Fund (DBCMX) and PIMCO Commodity Real Return Strategy Fund (PCRPX) have volatilities of 4.05% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBCMX	PCRPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.00%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	12.62%	14.40%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	16.56%	-2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	19.68%	-3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	17.14%	-2.51%

DBCMX vs. PCRPX - Expense Ratio Comparison

DBCMX has a 1.02% expense ratio, which is higher than PCRPX's 0.92% expense ratio.

Dividends

DBCMX vs. PCRPX - Dividend Comparison

DBCMX's dividend yield for the trailing twelve months is around 2.57%, less than PCRPX's 10.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBCMX DoubleLine Strategic Commodity Fund	2.57%	3.04%	2.89%	3.30%	46.88%	13.53%	0.00%	1.04%	1.21%	5.23%	0.51%	0.00%
PCRPX PIMCO Commodity Real Return Strategy Fund	10.85%	5.09%	8.47%	6.50%	46.40%	22.80%	1.51%	3.93%	5.85%	8.06%	0.83%	5.23%

Frequently Asked Questions

Can I hold both DBCMX and PCRPX in my portfolio?

DBCMX and PCRPX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBCMX or PCRPX?

DBCMX has higher volatility (4.05%) compared to PCRPX (4.00%). In terms of maximum drawdown, DBCMX dropped -37.62% vs PCRPX's -72.22%.

Which has better risk-adjusted returns?

DBCMX currently has the higher Sharpe Ratio (1.79 vs 1.41), 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.