DCMT vs. DLUX

Last updated Jul 14, 2026

DCMT (DoubleLine Commodity Strategy ETF) and DLUX (DoubleLine Ultrashort Income ETF) are both exchange-traded funds - DCMT is a Commodities fund actively managed by DoubleLine, while DLUX is a Ultrashort Bond fund actively managed by DoubleLine. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. DCMT charges 0.66%/yr vs 0.18%/yr for DLUX.

Performance

DCMT vs. DLUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Commodity Strategy ETF (DCMT) and DoubleLine Ultrashort Income ETF (DLUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DCMT

• 1D: 2.59%
• 1M: -0.52%
• 6M: 21.60%
• YTD: 25.74%
• 1Y: 28.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLUX

• 1D: -0.03%
• 1M: 0.29%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DCMT vs. DLUX - Yearly Performance Comparison

	2026 (YTD)
DCMT DoubleLine Commodity Strategy ETF	-1.55%
DLUX DoubleLine Ultrashort Income ETF	1.20%

Correlation

The correlation between DCMT and DLUX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.03

Return for Risk

DCMT vs. DLUX — Risk / Return Rank

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

DCMT

DCMT Risk / Return Rank: 51
DCMT Sharpe Ratio Rank: 57
DCMT Sortino Ratio Rank: 55
DCMT Omega Ratio Rank: 53
DCMT Calmar Ratio Rank: 44
DCMT Martin Ratio Rank: 49

DLUX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DCMT vs. DLUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and DoubleLine Ultrashort Income ETF (DLUX). 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.

	DCMT	DLUX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	—	—
Sortino ratio: Return per unit of downside risk	2.11	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	6.45	—	—

Drawdowns

DCMT vs. DLUX - Drawdown Comparison

The maximum DCMT drawdown since its inception was -15.96%, which is greater than DLUX's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for DCMT and DLUX.

Drawdown Indicators

	DCMT	DLUX	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-0.13%	-15.83%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	—	—
Current Drawdown Current decline from peak	-9.74%	-0.05%	-9.69%
Average Drawdown Average peak-to-trough decline	-3.51%	-0.03%	-3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	—	—

Volatility

Volatility by Period

	DCMT	DLUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	0.90%	+17.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	0.90%	+15.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	0.90%	+15.13%

DCMT vs. DLUX - Expense Ratio Comparison

DCMT has a 0.66% expense ratio, which is higher than DLUX's 0.18% expense ratio.

Dividends

DCMT vs. DLUX - Dividend Comparison

DCMT's dividend yield for the trailing twelve months is around 2.92%, more than DLUX's 0.80% yield.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.92%	3.67%	1.59%
DLUX DoubleLine Ultrashort Income ETF	0.80%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DCMT and DLUX in my portfolio?

DCMT and DLUX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DCMT or DLUX?

On fees, DLUX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DCMT or DLUX?

DLUX is cheaper with a 0.18% expense ratio, compared with 0.66% for DCMT.

Which ETF pays a higher dividend yield, DCMT or DLUX?

DCMT has the higher dividend yield at 2.92%, compared with 0.80% for DLUX.

What is the main difference between DCMT and DLUX?

DCMT is categorized as Commodities, while DLUX is Ultrashort Bond. Their fees differ too: 0.66% for DCMT and 0.18% for DLUX.