DSEUX vs. DBCMX

Last updated Aug 4, 2026

DSEUX (DoubleLine Shiller Enhanced International CAPE) and DBCMX (DoubleLine Strategic Commodity Fund) are both mutual funds - DSEUX is a Europe Equities fund managed by DoubleLine, while DBCMX is a Commodities fund managed by DoubleLine. Over the past 5 years, DSEUX returned 7.89%/yr vs 9.52%/yr for DBCMX. Their 0.25 correlation means their historical movements had little consistent relationship. DSEUX charges 0.61%/yr vs 1.02%/yr for DBCMX.

Performance

DSEUX vs. DBCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Shiller Enhanced International CAPE (DSEUX) and DoubleLine Strategic Commodity Fund (DBCMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSEUX achieves a 17.31% return, which is significantly lower than DBCMX's 30.19% return.

DSEUX

• 1D: -0.57%
• 1M: 3.04%
• 6M: 12.14%
• YTD: 17.31%
• 1Y: 35.62%
• 3Y*: 14.63%
• 5Y*: 7.89%
• 10Y*: —
• ALL TIME*: 9.76%

DBCMX

• 1D: 0.32%
• 1M: 8.92%
• 6M: 26.51%
• YTD: 30.19%
• 1Y: 36.00%
• 3Y*: 9.25%
• 5Y*: 9.52%
• 10Y*: 7.58%
• ALL TIME*: 7.66%

*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)
DBCMX DoubleLine Strategic Commodity Fund	$0.00	$0.00	$0.00
DSEUX DoubleLine Shiller Enhanced International CAPE	$0.00	$0.00	$0.00

DSEUX vs. DBCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSEUX DoubleLine Shiller Enhanced International CAPE	17.31%	29.25%	-3.73%	17.30%	-17.38%	18.40%	10.73%	23.17%	-12.64%	20.96%
DBCMX DoubleLine Strategic Commodity Fund	30.19%	6.10%	0.45%	-3.96%	13.40%	31.24%	-6.07%	4.78%	-10.65%	9.17%

Correlation

The correlation between DSEUX and DBCMX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (All Time) Calculated using the full available price history since Dec 27, 2016	0.25

Over the past year, the correlation between DSEUX and DBCMX has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Return for Risk

DSEUX vs. DBCMX — Risk / Return Rank

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

DSEUX

DSEUX Risk / Return Rank: 94
DSEUX Sharpe Ratio Rank: 96
DSEUX Sortino Ratio Rank: 94
DSEUX Omega Ratio Rank: 90
DSEUX Calmar Ratio Rank: 97
DSEUX Martin Ratio Rank: 94

DBCMX

DBCMX Risk / Return Rank: 86
DBCMX Sharpe Ratio Rank: 92
DBCMX Sortino Ratio Rank: 87
DBCMX Omega Ratio Rank: 83
DBCMX Calmar Ratio Rank: 83
DBCMX Martin Ratio Rank: 83

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.

DSEUX vs. DBCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller Enhanced International CAPE (DSEUX) and DoubleLine Strategic Commodity Fund (DBCMX). 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.

	DSEUX	DBCMX	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.38	+0.31
Sortino ratio: Return per unit of downside risk	3.73	3.20	+0.53
Omega ratio: Gain probability vs. loss probability	1.48	1.41	+0.07
Calmar ratio: Return relative to maximum drawdown	4.93	2.91	+2.02
Martin ratio: Return relative to average drawdown	15.28	10.75	+4.53

DSEUX vs. DBCMX - Sharpe Ratio Comparison

The current DSEUX Sharpe Ratio is 2.69, which is comparable to the DBCMX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of DSEUX and DBCMX, 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

DSEUX vs. DBCMX - Drawdown Comparison

The maximum DSEUX drawdown since its inception was -36.27%, roughly equal to the maximum DBCMX drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for DSEUX and DBCMX.

Drawdown Indicators

	DSEUX	DBCMX	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-37.62%	+1.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-11.98%	+4.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.84%	-14.75%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-31.48%	-27.60%	-3.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.62%	—
Current Drawdown Current decline from peak	-0.57%	-2.89%	+2.32%
Average Drawdown Average peak-to-trough decline	-6.84%	-13.16%	+6.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	3.24%	-0.89%

Volatility

DSEUX vs. DBCMX - Volatility Comparison

The current volatility for DoubleLine Shiller Enhanced International CAPE (DSEUX) is 3.91%, while DoubleLine Strategic Commodity Fund (DBCMX) has a volatility of 4.43%. This indicates that DSEUX experiences smaller price fluctuations and is considered to be less risky than DBCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSEUX	DBCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	4.43%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	12.84%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	14.66%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	16.24%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	14.60%	+2.35%

DSEUX vs. DBCMX - Expense Ratio Comparison

DSEUX has a 0.61% expense ratio, which is lower than DBCMX's 1.02% expense ratio.

Dividends

DSEUX vs. DBCMX - Dividend Comparison

DSEUX's dividend yield for the trailing twelve months is around 3.70%, more than DBCMX's 2.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DBCMX DoubleLine Strategic Commodity Fund	2.33%	3.04%	2.89%	3.30%	46.88%	13.53%	0.00%	1.04%	1.21%	5.23%	0.51%
DSEUX DoubleLine Shiller Enhanced International CAPE	3.70%	4.72%	6.88%	5.40%	4.30%	2.14%	1.87%	3.04%	9.19%	5.71%	0.00%

Frequently Asked Questions

Can I hold both DSEUX and DBCMX in my portfolio?

DSEUX and DBCMX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSEUX or DBCMX?

DBCMX has higher volatility (4.43%) compared to DSEUX (3.91%). In terms of maximum drawdown, DSEUX dropped -36.27% vs DBCMX's -37.62%.

Which has better risk-adjusted returns?

DSEUX currently has the higher Sharpe Ratio (2.69 vs 2.38), 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.