FAAR vs. DCMT
FAAR (First Trust Alternative Absolute Return Strategy ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both Commodities funds. Both are actively managed. Over the past year, FAAR returned 20.01% vs 30.61% for DCMT. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FAAR charges 0.95%/yr vs 0.66%/yr for DCMT.
Performance
FAAR vs. DCMT - Performance Comparison
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Returns By Period
In the year-to-date period, FAAR achieves a 14.32% return, which is significantly lower than DCMT's 26.14% return.
FAAR
- 1D
- -1.43%
- 1M
- -2.21%
- 6M
- 6.89%
- YTD
- 14.32%
- 1Y
- 20.01%
- 3Y*
- 8.41%
- 5Y*
- 7.00%
- 10Y*
- 4.20%
- ALL TIME*
- 4.09%
DCMT
- 1D
- -1.24%
- 1M
- 7.21%
- 6M
- 20.26%
- YTD
- 26.14%
- 1Y
- 30.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $312.97K | $269.09K | $196.68K | |
| $1.39M | $1.09M | $1.71M |
FAAR vs. DCMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 14.32% | 8.07% | 4.10% |
DCMT DoubleLine Commodity Strategy ETF | 26.14% | 6.04% | 3.65% |
Correlation
The correlation between FAAR and DCMT is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.67 |
The correlation between FAAR and DCMT shifts across timeframes, from 0.67 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FAAR vs. DCMT — Risk / Return Rank
FAAR
DCMT
FAAR vs. DCMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alternative Absolute Return Strategy ETF (FAAR) and DoubleLine Commodity Strategy ETF (DCMT). 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.
| FAAR | DCMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.93 | +0.07 |
| Martin ratioReturn relative to average drawdown | 6.00 | 6.43 | -0.43 |
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Drawdowns
FAAR vs. DCMT - Drawdown Comparison
The maximum FAAR drawdown since its inception was -18.03%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FAAR and DCMT.
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Drawdown Indicators
| FAAR | DCMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.03% | -15.96% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -15.96% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -11.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.03% | — | — |
Current DrawdownCurrent decline from peak | -10.08% | -9.46% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -3.62% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 4.78% | -1.43% |
Volatility
FAAR vs. DCMT - Volatility Comparison
The current volatility for First Trust Alternative Absolute Return Strategy ETF (FAAR) is 2.52%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 5.66%. This indicates that FAAR experiences smaller price fluctuations and is considered to be less risky than DCMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAAR | DCMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 5.66% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 17.01% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 19.04% | -6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 16.05% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.55% | 16.05% | -4.50% |
FAAR vs. DCMT - Expense Ratio Comparison
FAAR has a 0.95% expense ratio, which is higher than DCMT's 0.66% expense ratio.
Dividends
FAAR vs. DCMT - Dividend Comparison
FAAR's dividend yield for the trailing twelve months is around 10.01%, more than DCMT's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 2.91% | 3.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 10.01% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
Frequently Asked Questions
FAAR and DCMT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCMT has higher volatility (5.66%) compared to FAAR (2.52%). In terms of maximum drawdown, FAAR dropped -18.03% vs DCMT's -15.96%.
On 1-year performance, DCMT leads with 30.61% vs 20.01% for FAAR. On fees, DCMT is cheaper at 0.66% per year. On volatility, FAAR has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DCMT has performed better with a 30.61% return vs 20.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DCMT is cheaper with a 0.66% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 10.01%, compared with 2.91% for DCMT.
They also come from different issuers: First Trust and DoubleLine. Their fees differ too: 0.95% for FAAR and 0.66% for DCMT.
DCMT currently has the higher Sharpe Ratio (1.62 vs 1.58), 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.
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