DCMT vs. KEUA
DCMT (DoubleLine Commodity Strategy ETF) and KEUA (KraneShares European Carbon Allowance Strategy ETF) are both Commodities funds. DCMT is actively managed, while KEUA is passively managed. At a 0.12 correlation, their price movements are largely independent. DCMT charges 0.66%/yr vs 0.87%/yr for KEUA.
Performance
DCMT vs. KEUA - Performance Comparison
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Returns By Period
DCMT
- 1D
- -1.67%
- 1M
- -3.79%
- YTD
- 32.24%
- 6M
- 30.67%
- 1Y
- 39.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KEUA
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DCMT vs. KEUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 32.24% | 6.04% | 4.96% |
KEUA KraneShares European Carbon Allowance Strategy ETF | -19.02% | 32.81% | 10.05% |
Correlation
The correlation between DCMT and KEUA is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.12 |
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Return for Risk
DCMT vs. KEUA — Risk / Return Rank
DCMT
KEUA
DCMT vs. KEUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and KraneShares European Carbon Allowance Strategy ETF (KEUA). 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 | KEUA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.41 | — | — |
| Martin ratioReturn relative to average drawdown | 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
| DCMT | KEUA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | — | — |
Drawdowns
DCMT vs. KEUA - Drawdown Comparison
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Drawdown Indicators
| DCMT | KEUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.95% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -6.21% | — | — |
Current DrawdownCurrent decline from peak | -5.08% | — | — |
Average DrawdownAverage peak-to-trough decline | -3.14% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | — | — |
Volatility
DCMT vs. KEUA - Volatility Comparison
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Volatility by Period
| DCMT | KEUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | — | — |
DCMT vs. KEUA - Expense Ratio Comparison
DCMT has a 0.66% expense ratio, which is lower than KEUA's 0.87% expense ratio.
Dividends
DCMT vs. KEUA - Dividend Comparison
DCMT's dividend yield for the trailing twelve months is around 2.78%, less than KEUA's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 2.78% | 3.67% | 1.59% | 0.00% |
KEUA KraneShares European Carbon Allowance Strategy ETF | 2.83% | 2.29% | 7.71% | 5.67% |
Frequently Asked Questions
DCMT and KEUA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DCMT is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DCMT is cheaper with a 0.66% expense ratio, compared with 0.87% for KEUA.
KEUA has the higher dividend yield at 2.83%, compared with 2.78% for DCMT.
They also come from different issuers: DoubleLine and KraneShares. Their fees differ too: 0.66% for DCMT and 0.87% for KEUA.
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