DCMT vs. PDBC
Compare and contrast key facts about DoubleLine Commodity Strategy ETF (DCMT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
DCMT and PDBC 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. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
DCMT vs. PDBC - Performance Comparison
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DCMT vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 27.72% | 6.04% | 4.96% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.72% | 5.96% | 1.94% |
Returns By Period
In the year-to-date period, DCMT achieves a 27.72% return, which is significantly lower than PDBC's 30.72% return.
DCMT
- 1D
- -1.56%
- 1M
- 15.33%
- YTD
- 27.72%
- 6M
- 27.84%
- 1Y
- 28.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- -1.03%
- 1M
- 16.09%
- YTD
- 30.72%
- 6M
- 33.97%
- 1Y
- 32.00%
- 3Y*
- 11.28%
- 5Y*
- 14.29%
- 10Y*
- 9.86%
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DCMT vs. PDBC - Expense Ratio Comparison
DCMT has a 0.66% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Return for Risk
DCMT vs. PDBC — Risk / Return Rank
DCMT
PDBC
DCMT vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). 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 | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.72 | -0.10 |
Sortino ratioReturn per unit of downside risk | 2.21 | 2.31 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.04 | -0.34 |
Martin ratioReturn relative to average drawdown | 8.42 | 7.48 | +0.94 |
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 | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.72 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.22 | +0.99 |
Correlation
The correlation between DCMT and PDBC is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DCMT vs. PDBC - Dividend Comparison
DCMT's dividend yield for the trailing twelve months is around 2.88%, less than PDBC's 2.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 2.88% | 3.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.94% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
DCMT vs. PDBC - Drawdown Comparison
The maximum DCMT drawdown since its inception was -11.95%, smaller than the maximum PDBC drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for DCMT and PDBC.
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Drawdown Indicators
| DCMT | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.95% | -49.52% | +37.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -11.07% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.03% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -23.53% | +20.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 4.50% | -0.96% |
Volatility
DCMT vs. PDBC - Volatility Comparison
DoubleLine Commodity Strategy ETF (DCMT) has a higher volatility of 8.79% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 8.15%. This indicates that DCMT's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCMT | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 8.15% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 13.88% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 18.72% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 18.92% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 17.69% | -2.86% |