DCMB vs. ERX
DCMB (Doubleline Commercial Real Estate ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - DCMB is a Short-Term Bond fund actively managed by DoubleLine, while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). DCMB is actively managed, while ERX is passively managed. Over the past 3 years, DCMB returned 6.20%/yr vs 23.69%/yr for ERX. At a correlation of -0.10, they often move in opposite directions. DCMB charges 0.40%/yr vs 1.09%/yr for ERX.
Performance
DCMB vs. ERX - Performance Comparison
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Returns By Period
In the year-to-date period, DCMB achieves a 1.39% return, which is significantly lower than ERX's 66.93% return.
DCMB
- 1D
- -0.02%
- 1M
- 0.11%
- YTD
- 1.39%
- 6M
- 1.51%
- 1Y
- 4.74%
- 3Y*
- 6.20%
- 5Y*
- —
- 10Y*
- —
ERX
- 1D
- 2.68%
- 1M
- -3.38%
- YTD
- 66.93%
- 6M
- 59.74%
- 1Y
- 90.37%
- 3Y*
- 23.69%
- 5Y*
- 28.75%
- 10Y*
- -8.79%
DCMB vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DCMB Doubleline Commercial Real Estate ETF | 1.39% | 5.86% | 6.86% | 5.27% |
ERX Direxion Daily Energy Bull 2X Shares | 66.93% | 2.79% | 1.09% | -5.67% |
Correlation
The correlation between DCMB and ERX is -0.21, 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 (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | -0.10 |
The correlation between DCMB and ERX shifts across timeframes, from -0.21 (1 year) to -0.10 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DCMB vs. ERX — Risk / Return Rank
DCMB
ERX
DCMB vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Commercial Real Estate ETF (DCMB) and Direxion Daily Energy Bull 2X Shares (ERX). 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.
| DCMB | ERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +4.55 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.32 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | 3.89 | +3.09 |
| Martin ratioReturn relative to average drawdown | 25.78 | 10.60 | +15.18 |
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
| DCMB | ERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.16 | 2.21 | +1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | -0.09 | +3.99 |
Drawdowns
DCMB vs. ERX - Drawdown Comparison
The maximum DCMB drawdown since its inception was -0.84%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for DCMB and ERX.
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Drawdown Indicators
| DCMB | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.84% | -99.54% | +98.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.68% | -23.34% | +22.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.84% | -42.34% | +41.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.59% | — |
Current DrawdownCurrent decline from peak | -0.20% | -91.57% | +91.37% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -67.02% | +66.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 8.57% | -8.39% |
Volatility
DCMB vs. ERX - Volatility Comparison
The current volatility for Doubleline Commercial Real Estate ETF (DCMB) is 0.47%, while Direxion Daily Energy Bull 2X Shares (ERX) has a volatility of 16.49%. This indicates that DCMB experiences smaller price fluctuations and is considered to be less risky than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCMB | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 16.49% | -16.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 33.45% | -32.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.14% | 41.14% | -40.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 51.98% | -50.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 69.18% | -67.60% |
DCMB vs. ERX - Expense Ratio Comparison
DCMB has a 0.40% expense ratio, which is lower than ERX's 1.09% expense ratio.
Dividends
DCMB vs. ERX - Dividend Comparison
DCMB's dividend yield for the trailing twelve months is around 4.75%, more than ERX's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCMB Doubleline Commercial Real Estate ETF | 4.75% | 4.84% | 5.52% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERX Direxion Daily Energy Bull 2X Shares | 1.61% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Frequently Asked Questions
DCMB and ERX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERX has higher volatility (16.49%) compared to DCMB (0.47%). In terms of maximum drawdown, DCMB dropped -0.84% vs ERX's -99.54%.
On 3-year performance, ERX leads with 23.69% vs 6.20% for DCMB. On fees, DCMB is cheaper at 0.40% per year. On volatility, DCMB has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ERX has performed better with a 23.69% return vs 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DCMB is cheaper with a 0.40% expense ratio, compared with 1.09% for ERX.
DCMB has the higher dividend yield at 4.75%, compared with 1.61% for ERX.
DCMB is categorized as Short-Term Bond, while ERX is Leveraged Equities. They also come from different issuers: DoubleLine and Direxion. Their fees differ too: 0.40% for DCMB and 1.09% for ERX.
DCMB currently has the higher Sharpe Ratio (4.16 vs 2.21), 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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