DCMT vs. GRN
DCMT (DoubleLine Commodity Strategy ETF) and GRN (iPath Series B Carbon ETN) are both Commodities funds. DCMT is actively managed, while GRN is passively managed. Over the past year, DCMT returned 20.95% vs 10.36% for GRN. At a 0.05 correlation, their price movements are largely independent. DCMT charges 0.66%/yr vs 0.75%/yr for GRN.
Performance
DCMT vs. GRN - Performance Comparison
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Returns By Period
In the year-to-date period, DCMT achieves a 22.10% return, which is significantly higher than GRN's -7.57% return.
DCMT
- 1D
- -0.37%
- 1M
- -9.77%
- YTD
- 22.10%
- 6M
- 23.26%
- 1Y
- 20.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRN
- 1D
- 0.21%
- 1M
- 6.34%
- YTD
- -7.57%
- 6M
- -7.02%
- 1Y
- 10.36%
- 3Y*
- -4.27%
- 5Y*
- 9.11%
- 10Y*
- —
DCMT vs. GRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 22.10% | 6.04% | 3.65% |
GRN iPath Series B Carbon ETN | -7.57% | 20.33% | 14.91% |
Correlation
The correlation between DCMT and GRN is -0.02, 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 (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.05 |
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Return for Risk
DCMT vs. GRN — Risk / Return Rank
DCMT
GRN
DCMT vs. GRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and iPath Series B Carbon ETN (GRN). 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 | GRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.25 | +1.46 |
| Martin ratioReturn relative to average drawdown | 6.57 | 0.63 | +5.94 |
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Drawdowns
DCMT vs. GRN - Drawdown Comparison
The maximum DCMT drawdown since its inception was -12.36%, smaller than the maximum GRN drawdown of -47.96%. Use the drawdown chart below to compare losses from any high point for DCMT and GRN.
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Drawdown Indicators
| DCMT | GRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.36% | -47.96% | +35.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -30.39% | +18.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -44.33% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.96% | — |
Current DrawdownCurrent decline from peak | -12.36% | -18.83% | +6.47% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -17.55% | +14.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 12.06% | -8.84% |
Volatility
DCMT vs. GRN - Volatility Comparison
The current volatility for DoubleLine Commodity Strategy ETF (DCMT) is 4.97%, while iPath Series B Carbon ETN (GRN) has a volatility of 5.86%. This indicates that DCMT experiences smaller price fluctuations and is considered to be less risky than GRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCMT | GRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 5.86% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 24.68% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 27.77% | -9.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 39.80% | -23.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 41.83% | -25.98% |
DCMT vs. GRN - Expense Ratio Comparison
DCMT has a 0.66% expense ratio, which is lower than GRN's 0.75% expense ratio.
Dividends
DCMT vs. GRN - Dividend Comparison
DCMT's dividend yield for the trailing twelve months is around 3.01%, while GRN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 3.01% | 3.67% | 1.59% |
GRN iPath Series B Carbon ETN | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DCMT and GRN have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRN has higher volatility (5.86%) compared to DCMT (4.97%). In terms of maximum drawdown, DCMT dropped -12.36% vs GRN's -47.96%.
On 1-year performance, DCMT leads with 20.95% vs 10.36% for GRN. On fees, DCMT is cheaper at 0.66% per year. On volatility, DCMT has been the lower-risk option at 4.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DCMT has performed better with a 20.95% return vs 10.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DCMT is cheaper with a 0.66% expense ratio, compared with 0.75% for GRN.
DCMT has the higher dividend yield at 3.01%, compared with 0.00% for GRN.
They also come from different issuers: DoubleLine and Barclays Capital. Their fees differ too: 0.66% for DCMT and 0.75% for GRN.
DCMT currently has the higher Sharpe Ratio (1.15 vs 0.27), 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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