DCMT vs. SLDR

Last updated Aug 6, 2026

DCMT (DoubleLine Commodity Strategy ETF) and SLDR (Global X Short-Term Treasury Ladder ETF) are both exchange-traded funds - DCMT is a Commodities fund actively managed by DoubleLine, while SLDR is a Government Bonds fund tracking the FTSE US Treasury 1-3 Years Laddered Bond Index. DCMT is actively managed, while SLDR is passively managed. Over the past year, DCMT returned 30.59% vs 2.63% for SLDR. Their -0.29 correlation means they have often moved in opposite directions in the past. DCMT charges 0.66%/yr vs 0.12%/yr for SLDR.

Performance

DCMT vs. SLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Commodity Strategy ETF (DCMT) and Global X Short-Term Treasury Ladder ETF (SLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCMT achieves a 25.34% return, which is significantly higher than SLDR's 0.77% return.

DCMT

• 1D: 0.48%
• 1M: 4.45%
• 6M: 17.24%
• YTD: 25.34%
• 1Y: 30.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.62%

SLDR

• 1D: 0.04%
• 1M: 0.05%
• 6M: 0.51%
• YTD: 0.77%
• 1Y: 2.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DCMT DoubleLine Commodity Strategy ETF	$320.34K	$275.59K	$200.42K
SLDR Global X Short-Term Treasury Ladder ETF	$220.42K	$676.25K	$704.82K

DCMT vs. SLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DCMT DoubleLine Commodity Strategy ETF	25.34%	6.04%	7.75%
SLDR Global X Short-Term Treasury Ladder ETF	0.77%	4.60%	0.66%

Correlation

The correlation between DCMT and SLDR is -0.38, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.38
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	-0.29

Return for Risk

DCMT vs. SLDR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DCMT

DCMT Risk / Return Rank: 53
DCMT Sharpe Ratio Rank: 59
DCMT Sortino Ratio Rank: 56
DCMT Omega Ratio Rank: 54
DCMT Calmar Ratio Rank: 47
DCMT Martin Ratio Rank: 48

SLDR

SLDR Risk / Return Rank: 81
SLDR Sharpe Ratio Rank: 81
SLDR Sortino Ratio Rank: 83
SLDR Omega Ratio Rank: 91
SLDR Calmar Ratio Rank: 76
SLDR Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DCMT vs. SLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and Global X Short-Term Treasury Ladder ETF (SLDR). 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	SLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.08	-0.46
Sortino ratio: Return per unit of downside risk	2.22	3.04	-0.82
Omega ratio: Gain probability vs. loss probability	1.28	1.47	-0.19
Calmar ratio: Return relative to maximum drawdown	1.93	3.03	-1.10
Martin ratio: Return relative to average drawdown	6.31	11.09	-4.78

DCMT vs. SLDR - Sharpe Ratio Comparison

The current DCMT Sharpe Ratio is 1.61, which is comparable to the SLDR Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DCMT and SLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DCMT vs. SLDR - Drawdown Comparison

The maximum DCMT drawdown since its inception was -15.96%, which is greater than SLDR's maximum drawdown of -0.87%. Use the drawdown chart below to compare losses from any high point for DCMT and SLDR.

Drawdown Indicators

	DCMT	SLDR	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-0.87%	-15.09%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-0.87%	-15.09%
Current Drawdown Current decline from peak	-10.03%	0.00%	-10.03%
Average Drawdown Average peak-to-trough decline	-3.64%	-0.14%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	0.24%	+4.62%

Volatility

DCMT vs. SLDR - Volatility Comparison

DoubleLine Commodity Strategy ETF (DCMT) has a higher volatility of 5.48% compared to Global X Short-Term Treasury Ladder ETF (SLDR) at 0.36%. This indicates that DCMT's price experiences larger fluctuations and is considered to be riskier than SLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCMT	SLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	0.36%	+5.12%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	1.02%	+15.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	1.27%	+17.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	1.28%	+14.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	1.28%	+14.77%

DCMT vs. SLDR - Expense Ratio Comparison

DCMT has a 0.66% expense ratio, which is higher than SLDR's 0.12% expense ratio.

Dividends

DCMT vs. SLDR - Dividend Comparison

DCMT's dividend yield for the trailing twelve months is around 2.93%, less than SLDR's 3.67% yield.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.93%	3.67%	1.59%
SLDR Global X Short-Term Treasury Ladder ETF	3.67%	3.80%	0.98%

Frequently Asked Questions

Can I hold both DCMT and SLDR in my portfolio?

DCMT and SLDR have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DCMT or SLDR?

DCMT has higher volatility (5.48%) compared to SLDR (0.36%). In terms of maximum drawdown, DCMT dropped -15.96% vs SLDR's -0.87%.

Which ETF is better, DCMT or SLDR?

On 1-year performance, DCMT leads with 30.59% vs 2.63% for SLDR. On fees, SLDR is cheaper at 0.12% per year. On volatility, SLDR has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DCMT or SLDR?

Over the 1-year period, DCMT has performed better with a 30.59% return vs 2.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DCMT or SLDR?

SLDR is cheaper with a 0.12% expense ratio, compared with 0.66% for DCMT.

Which ETF pays a higher dividend yield, DCMT or SLDR?

SLDR has the higher dividend yield at 3.67%, compared with 2.93% for DCMT.

What is the main difference between DCMT and SLDR?

DCMT is categorized as Commodities, while SLDR is Government Bonds. They also come from different issuers: DoubleLine and Global X. Their fees differ too: 0.66% for DCMT and 0.12% for SLDR.

Which has better risk-adjusted returns?

SLDR currently has the higher Sharpe Ratio (2.08 vs 1.61), 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.