DCMT vs. JPMB
DCMT (DoubleLine Commodity Strategy ETF) and JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) are both exchange-traded funds - DCMT is a Commodities fund actively managed by DoubleLine, while JPMB is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index. DCMT is actively managed, while JPMB is passively managed. Over the past year, DCMT returned 42.19% vs 11.48% for JPMB. At a correlation of -0.11, they often move in opposite directions. DCMT charges 0.66%/yr vs 0.39%/yr for JPMB.
Performance
DCMT vs. JPMB - Performance Comparison
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Returns By Period
In the year-to-date period, DCMT achieves a 34.49% return, which is significantly higher than JPMB's 1.60% return.
DCMT
- 1D
- 0.63%
- 1M
- -2.89%
- YTD
- 34.49%
- 6M
- 33.53%
- 1Y
- 42.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPMB
- 1D
- -0.38%
- 1M
- 1.30%
- YTD
- 1.60%
- 6M
- 1.55%
- 1Y
- 11.48%
- 3Y*
- 7.93%
- 5Y*
- 1.42%
- 10Y*
- —
DCMT vs. JPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 34.49% | 6.04% | 4.96% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.60% | 13.73% | 2.39% |
Correlation
The correlation between DCMT and JPMB is -0.36, 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 | -0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | -0.11 |
Over the past year, the inverse relationship between DCMT and JPMB has strengthened: their correlation has moved from -0.11 to -0.36, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
DCMT vs. JPMB — Risk / Return Rank
DCMT
JPMB
DCMT vs. JPMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). 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 | JPMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.83 | 2.50 | +4.33 |
| Martin ratioReturn relative to average drawdown | 16.31 | 10.66 | +5.65 |
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
| DCMT | JPMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.18 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.28 | +0.93 |
Drawdowns
DCMT vs. JPMB - Drawdown Comparison
The maximum DCMT drawdown since its inception was -11.95%, smaller than the maximum JPMB drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for DCMT and JPMB.
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Drawdown Indicators
| DCMT | JPMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.95% | -26.33% | +14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.21% | -4.61% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.16% | — |
Current DrawdownCurrent decline from peak | -3.46% | -0.38% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -7.06% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.08% | +1.51% |
Volatility
DCMT vs. JPMB - Volatility Comparison
DoubleLine Commodity Strategy ETF (DCMT) has a higher volatility of 6.71% compared to JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) at 1.90%. This indicates that DCMT's price experiences larger fluctuations and is considered to be riskier than JPMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCMT | JPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 1.90% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 4.37% | +11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 5.29% | +12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 8.94% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 9.65% | +6.12% |
DCMT vs. JPMB - Expense Ratio Comparison
DCMT has a 0.66% expense ratio, which is higher than JPMB's 0.39% expense ratio.
Dividends
DCMT vs. JPMB - Dividend Comparison
DCMT's dividend yield for the trailing twelve months is around 2.73%, less than JPMB's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 2.73% | 3.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.80% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
Frequently Asked Questions
DCMT and JPMB have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCMT has higher volatility (6.71%) compared to JPMB (1.90%). In terms of maximum drawdown, DCMT dropped -11.95% vs JPMB's -26.33%.
On 1-year performance, DCMT leads with 42.19% vs 11.48% for JPMB. On fees, JPMB is cheaper at 0.39% per year. On volatility, JPMB has been the lower-risk option at 1.90%. 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 42.19% return vs 11.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPMB is cheaper with a 0.39% expense ratio, compared with 0.66% for DCMT.
JPMB has the higher dividend yield at 5.80%, compared with 2.73% for DCMT.
DCMT is categorized as Commodities, while JPMB is Emerging Markets Bonds. They also come from different issuers: DoubleLine and JPMorgan. Their fees differ too: 0.66% for DCMT and 0.39% for JPMB.
DCMT currently has the higher Sharpe Ratio (2.32 vs 2.18), 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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