DCMT vs. ISCMF

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleLine Commodity Strategy ETF (DCMT) and iShares Diversified Commodity Swap UCITS ETF (ISCMF).

DCMT and ISCMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DCMT is an actively managed fund by DoubleLine. It was launched on Jan 31, 2024. ISCMF is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity Index. It was launched on Mar 4, 2022.

Performance

DCMT vs. ISCMF - Performance Comparison

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

DCMT vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DCMT DoubleLine Commodity Strategy ETF	27.72%	6.04%	4.96%
ISCMF iShares Diversified Commodity Swap UCITS ETF	17.84%	19.65%	3.83%

Returns By Period

In the year-to-date period, DCMT achieves a 27.72% return, which is significantly higher than ISCMF's 17.84% return.

DCMT

• 1D: -1.56%
• 1M: 15.33%
• YTD: 27.72%
• 6M: 27.84%
• 1Y: 28.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: 7.22%
• YTD: 17.84%
• 6M: 26.76%
• 1Y: 29.86%
• 3Y*: 12.27%
• 5Y*: —
• 10Y*: —

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

DCMT vs. ISCMF - Expense Ratio Comparison

DCMT has a 0.66% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

DCMT

DoubleLine Commodity Strategy ETF

ISCMF

iShares Diversified Commodity Swap UCITS ETF

Return for Risk

DCMT vs. ISCMF — Risk / Return Rank

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

DCMT

DCMT Risk / Return Rank: 81
DCMT Sharpe Ratio Rank: 81
DCMT Sortino Ratio Rank: 82
DCMT Omega Ratio Rank: 76
DCMT Calmar Ratio Rank: 86
DCMT Martin Ratio Rank: 76

ISCMF

ISCMF Risk / Return Rank: 94
ISCMF Sharpe Ratio Rank: 86
ISCMF Sortino Ratio Rank: 96
ISCMF Omega Ratio Rank: 99
ISCMF Calmar Ratio Rank: 97
ISCMF Martin Ratio Rank: 91

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. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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.

	DCMT	ISCMF	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.79	-0.17
Sortino ratio Return per unit of downside risk	2.21	3.44	-1.23
Omega ratio Gain probability vs. loss probability	1.30	2.36	-1.06
Calmar ratio Return relative to maximum drawdown	2.70	5.25	-2.55
Martin ratio Return relative to average drawdown	8.42	12.38	-3.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCMT vs. ISCMF - Sharpe Ratio Comparison

The current DCMT Sharpe Ratio is 1.62, which is comparable to the ISCMF Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of DCMT and ISCMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DCMT	ISCMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.79	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	0.40	+0.80

Correlation

The correlation between DCMT and ISCMF is 0.08, 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

DCMT vs. ISCMF - Dividend Comparison

DCMT's dividend yield for the trailing twelve months is around 2.88%, while ISCMF has not paid dividends to shareholders.

	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.88%	3.67%	1.59%
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%

Drawdowns

DCMT vs. ISCMF - Drawdown Comparison

The maximum DCMT drawdown since its inception was -11.95%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for DCMT and ISCMF.

Drawdown Indicators

	DCMT	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-11.95%	-25.42%	+13.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-5.69%	-5.36%
Current Drawdown Current decline from peak	-1.56%	-2.55%	+0.99%
Average Drawdown Average peak-to-trough decline	-3.20%	-13.98%	+10.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	2.41%	+1.13%

Volatility

DCMT vs. ISCMF - Volatility Comparison

The current volatility for DoubleLine Commodity Strategy ETF (DCMT) is 8.79%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 9.72%. This indicates that DCMT experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCMT	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.79%	9.72%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	13.24%	13.85%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	16.72%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	14.05%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.83%	14.05%	+0.78%