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.
Performance
DBCMX vs. SPMO - Performance Comparison
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DBCMX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 22.02% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | -6.07% | 4.78% | -10.65% | 9.17% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, DBCMX achieves a 22.02% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, DBCMX has underperformed SPMO with an annualized return of 7.22%, while SPMO has yielded a comparatively higher 17.41% annualized return.
DBCMX
- 1D
- -1.34%
- 1M
- 10.54%
- YTD
- 22.02%
- 6M
- 25.00%
- 1Y
- 26.40%
- 3Y*
- 8.54%
- 5Y*
- 10.78%
- 10Y*
- 7.22%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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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.
Return for Risk
DBCMX vs. SPMO — Risk / Return Rank
DBCMX
SPMO
DBCMX vs. SPMO - Risk-Adjusted Trends 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.
| DBCMX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 1.06 | +1.06 |
Sortino ratioReturn per unit of downside risk | 2.82 | 1.60 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.96 | +1.49 |
Martin ratioReturn relative to average drawdown | 12.96 | 6.90 | +6.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBCMX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.06 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.93 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.87 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.86 | -0.36 |
Correlation
The correlation between DBCMX and SPMO is 0.19, 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.
Dividends
DBCMX vs. SPMO - Dividend Comparison
DBCMX's dividend yield for the trailing twelve months is around 2.49%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.49% | 3.04% | 2.89% | 3.30% | 46.88% | 13.53% | 0.00% | 1.04% | 1.21% | 5.23% | 0.51% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 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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Drawdown Indicators
| DBCMX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -30.95% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -12.70% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -22.74% | -4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -30.95% | -6.67% |
Current DrawdownCurrent decline from peak | -1.34% | -7.31% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -4.66% | -8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 3.60% | -1.49% |
Volatility
DBCMX vs. SPMO - Volatility Comparison
The current volatility for DoubleLine Strategic Commodity Fund (DBCMX) is 6.43%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. 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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Volatility by Period
| DBCMX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 7.22% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 12.80% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 22.77% | -9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 19.08% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 20.09% | -5.58% |