DCMT vs. ZSB

Last updated Jun 23, 2026

DCMT (DoubleLine Commodity Strategy ETF) and ZSB (USCF Sustainable Battery Metals Strategy Fund) are both exchange-traded funds - DCMT is a Commodities fund actively managed by DoubleLine, while ZSB is a Lithium & Battery Metals fund tracking the S&P GSCI Electric Vehicle Meals Index. DCMT is actively managed, while ZSB is passively managed. Over the past year, DCMT returned 20.08% vs 69.71% for ZSB. At a 0.26 correlation, their price movements are largely independent. DCMT charges 0.66%/yr vs 0.59%/yr for ZSB.

Performance

DCMT vs. ZSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Commodity Strategy ETF (DCMT) and USCF Sustainable Battery Metals Strategy Fund (ZSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCMT achieves a 21.22% return, which is significantly higher than ZSB's 7.61% return.

DCMT

• 1D: -0.72%
• 1M: -10.09%
• YTD: 21.22%
• 6M: 20.69%
• 1Y: 20.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZSB

• 1D: -0.29%
• 1M: -5.01%
• YTD: 7.61%
• 6M: 11.86%
• 1Y: 69.71%
• 3Y*: 2.94%
• 5Y*: —
• 10Y*: —

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

DCMT vs. ZSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DCMT DoubleLine Commodity Strategy ETF	21.22%	6.04%	3.65%
ZSB USCF Sustainable Battery Metals Strategy Fund	7.61%	64.34%	-10.63%

Correlation

The correlation between DCMT and ZSB is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.26

The correlation between DCMT and ZSB shifts across timeframes, from 0.13 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DCMT vs. ZSB — Risk / Return Rank

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

DCMT

DCMT Risk / Return Rank: 33
DCMT Sharpe Ratio Rank: 31
DCMT Sortino Ratio Rank: 30
DCMT Omega Ratio Rank: 30
DCMT Calmar Ratio Rank: 32
DCMT Martin Ratio Rank: 43

ZSB

ZSB Risk / Return Rank: 77
ZSB Sharpe Ratio Rank: 85
ZSB Sortino Ratio Rank: 71
ZSB Omega Ratio Rank: 84
ZSB Calmar Ratio Rank: 82
ZSB Martin Ratio Rank: 64

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. ZSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commodity Strategy ETF (DCMT) and USCF Sustainable Battery Metals Strategy Fund (ZSB). 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	ZSB	Difference
Sharpe ratio: Return per unit of total volatility	1.09	2.65	-1.56
Sortino ratio: Return per unit of downside risk	1.56	3.08	-1.52
Omega ratio: Gain probability vs. loss probability	1.20	1.48	-0.28
Calmar ratio: Return relative to maximum drawdown	1.55	4.18	-2.63
Martin ratio: Return relative to average drawdown	6.77	11.24	-4.47

DCMT vs. ZSB - Sharpe Ratio Comparison

The current DCMT Sharpe Ratio is 1.09, which is lower than the ZSB Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of DCMT and ZSB, 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. ZSB - Drawdown Comparison

The maximum DCMT drawdown since its inception was -12.98%, smaller than the maximum ZSB drawdown of -49.26%. Use the drawdown chart below to compare losses from any high point for DCMT and ZSB.

Drawdown Indicators

	DCMT	ZSB	Difference
Max Drawdown Largest peak-to-trough decline	-12.98%	-49.26%	+36.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	-16.75%	+3.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-43.22%	—
Current Drawdown Current decline from peak	-12.98%	-9.27%	-3.71%
Average Drawdown Average peak-to-trough decline	-3.27%	-30.61%	+27.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	6.22%	-2.90%

Volatility

DCMT vs. ZSB - Volatility Comparison

The current volatility for DoubleLine Commodity Strategy ETF (DCMT) is 4.59%, while USCF Sustainable Battery Metals Strategy Fund (ZSB) has a volatility of 5.09%. This indicates that DCMT experiences smaller price fluctuations and is considered to be less risky than ZSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCMT	ZSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	5.09%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	16.28%	22.24%	-5.96%
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	26.53%	-8.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	19.56%	-3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	19.56%	-3.71%

DCMT vs. ZSB - Expense Ratio Comparison

DCMT has a 0.66% expense ratio, which is higher than ZSB's 0.59% expense ratio.

Dividends

DCMT vs. ZSB - Dividend Comparison

DCMT's dividend yield for the trailing twelve months is around 3.03%, more than ZSB's 0.85% yield.

Position	TTM	2025	2024	2023
DCMT DoubleLine Commodity Strategy ETF	3.03%	3.67%	1.59%	0.00%
ZSB USCF Sustainable Battery Metals Strategy Fund	0.85%	0.92%	2.96%	3.59%

Frequently Asked Questions

Can I hold both DCMT and ZSB in my portfolio?

DCMT and ZSB have a correlation of 0.13, 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 ZSB?

ZSB has higher volatility (5.09%) compared to DCMT (4.59%). In terms of maximum drawdown, DCMT dropped -12.98% vs ZSB's -49.26%.

Which ETF is better, DCMT or ZSB?

On 1-year performance, ZSB leads with 69.71% vs 20.08% for DCMT. On fees, ZSB is cheaper at 0.59% per year. On volatility, DCMT has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DCMT or ZSB?

Over the 1-year period, ZSB has performed better with a 69.71% return vs 20.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DCMT or ZSB?

ZSB is cheaper with a 0.59% expense ratio, compared with 0.66% for DCMT.

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

DCMT has the higher dividend yield at 3.03%, compared with 0.85% for ZSB.

What is the main difference between DCMT and ZSB?

DCMT is categorized as Commodities, while ZSB is Lithium & Battery Metals. They also come from different issuers: DoubleLine and USCF. Their fees differ too: 0.66% for DCMT and 0.59% for ZSB.

Which has better risk-adjusted returns?

ZSB currently has the higher Sharpe Ratio (2.65 vs 1.09), 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.