Correlation
The correlation between DBCMX and SPMO is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
DBCMX vs. SPMO
Compare and contrast key facts about DoubleLine Strategic Commodity Fund (DBCMX) and Invesco S&P 500® Momentum ETF (SPMO).
DBCMX is managed by DoubleLine. It was launched on May 17, 2015. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBCMX or SPMO.
Performance
DBCMX vs. SPMO - Performance Comparison
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Key characteristics
DBCMX:
-0.82
SPMO:
1.22
DBCMX:
-1.18
SPMO:
1.64
DBCMX:
0.86
SPMO:
1.23
DBCMX:
-0.38
SPMO:
1.39
DBCMX:
-1.33
SPMO:
5.03
DBCMX:
7.75%
SPMO:
5.58%
DBCMX:
11.23%
SPMO:
25.08%
DBCMX:
-37.62%
SPMO:
-30.95%
DBCMX:
-24.51%
SPMO:
0.00%
Returns By Period
In the year-to-date period, DBCMX achieves a -2.00% return, which is significantly lower than SPMO's 11.09% return.
DBCMX
-2.00%
0.59%
-1.01%
-8.68%
-6.11%
12.51%
2.84%
SPMO
11.09%
10.05%
9.23%
30.10%
24.56%
21.21%
N/A
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DBCMX vs. SPMO - Expense Ratio Comparison
DBCMX has a 1.02% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
DBCMX vs. SPMO — Risk-Adjusted Performance Rank
DBCMX
SPMO
DBCMX vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Strategic Commodity Fund (DBCMX) and Invesco S&P 500® Momentum ETF (SPMO). 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.
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Dividends
DBCMX vs. SPMO - Dividend Comparison
DBCMX's dividend yield for the trailing twelve months is around 2.94%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.94% | 2.88% | 3.30% | 46.88% | 13.53% | 0.00% | 1.04% | 1.21% | 5.23% | 0.51% | 0.03% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
DBCMX vs. SPMO - Drawdown Comparison
The maximum DBCMX drawdown since its inception was -37.62%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DBCMX and SPMO.
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Volatility
DBCMX vs. SPMO - Volatility Comparison
The current volatility for DoubleLine Strategic Commodity Fund (DBCMX) is 2.72%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.51%. This indicates that DBCMX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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