FLCE vs. DCMT

Last updated Jun 4, 2026

FLCE (Frontier Asset U.S. Large Cap Equity ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - FLCE is a Large Cap Blend Equities fund actively managed by Frontier, while DCMT is a Commodities fund actively managed by DoubleLine. Both are actively managed. Over the past year, FLCE returned 23.25% vs 42.19% for DCMT. At a correlation of -0.04, they often move in opposite directions. FLCE charges 0.90%/yr vs 0.66%/yr for DCMT.

Performance

FLCE vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset U.S. Large Cap Equity ETF (FLCE) and DoubleLine Commodity Strategy ETF (DCMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCE achieves a 8.81% return, which is significantly lower than DCMT's 34.49% return.

FLCE

• 1D: -0.47%
• 1M: 4.57%
• YTD: 8.81%
• 6M: 8.78%
• 1Y: 23.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DCMT

• 1D: 0.63%
• 1M: -2.89%
• YTD: 34.49%
• 6M: 33.53%
• 1Y: 42.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCE vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCE Frontier Asset U.S. Large Cap Equity ETF	8.81%	14.45%	-0.76%
DCMT DoubleLine Commodity Strategy ETF	34.49%	6.04%	1.35%

Correlation

The correlation between FLCE and DCMT is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	-0.04

The correlation between FLCE and DCMT shifts across timeframes, from -0.19 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLCE vs. DCMT — Risk / Return Rank

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

FLCE

FLCE Risk / Return Rank: 61
FLCE Sharpe Ratio Rank: 62
FLCE Sortino Ratio Rank: 63
FLCE Omega Ratio Rank: 61
FLCE Calmar Ratio Rank: 54
FLCE Martin Ratio Rank: 65

DCMT

DCMT Risk / Return Rank: 76
DCMT Sharpe Ratio Rank: 71
DCMT Sortino Ratio Rank: 66
DCMT Omega Ratio Rank: 69
DCMT Calmar Ratio Rank: 93
DCMT Martin Ratio Rank: 82

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.

FLCE vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset U.S. Large Cap Equity ETF (FLCE) 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.

	FLCE	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.32	-0.27
Sortino ratio: Return per unit of downside risk	2.88	3.01	-0.13
Omega ratio: Gain probability vs. loss probability	1.37	1.41	-0.04
Calmar ratio: Return relative to maximum drawdown	2.63	6.83	-4.21
Martin ratio: Return relative to average drawdown	11.66	16.31	-4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCE vs. DCMT - Sharpe Ratio Comparison

The current FLCE Sharpe Ratio is 2.05, which is comparable to the DCMT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FLCE and DCMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLCE	DCMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.32	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	1.20	-0.21

Drawdowns

FLCE vs. DCMT - Drawdown Comparison

The maximum FLCE drawdown since its inception was -17.52%, which is greater than DCMT's maximum drawdown of -11.95%. Use the drawdown chart below to compare losses from any high point for FLCE and DCMT.

Drawdown Indicators

	FLCE	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-17.52%	-11.95%	-5.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-6.21%	-2.69%
Current Drawdown Current decline from peak	-0.47%	-3.46%	+2.99%
Average Drawdown Average peak-to-trough decline	-2.44%	-3.13%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.59%	-0.59%

Volatility

FLCE vs. DCMT - Volatility Comparison

The current volatility for Frontier Asset U.S. Large Cap Equity ETF (FLCE) is 2.70%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 6.71%. This indicates that FLCE 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.

Volatility by Period

	FLCE	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	6.71%	-4.01%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	15.87%	-7.14%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	18.27%	-6.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	15.77%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	15.77%	+0.30%

FLCE vs. DCMT - Expense Ratio Comparison

FLCE has a 0.90% expense ratio, which is higher than DCMT's 0.66% expense ratio.

Dividends

FLCE vs. DCMT - Dividend Comparison

FLCE's dividend yield for the trailing twelve months is around 0.30%, less than DCMT's 2.73% yield.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.73%	3.67%	1.59%
FLCE Frontier Asset U.S. Large Cap Equity ETF	0.30%	0.32%	0.01%

Frequently Asked Questions

Can I hold both FLCE and DCMT in my portfolio?

FLCE and DCMT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCE or DCMT?

DCMT has higher volatility (6.71%) compared to FLCE (2.70%). In terms of maximum drawdown, FLCE dropped -17.52% vs DCMT's -11.95%.

Which ETF is better, FLCE or DCMT?

On 1-year performance, DCMT leads with 42.19% vs 23.25% for FLCE. On fees, DCMT is cheaper at 0.66% per year. On volatility, FLCE has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCE or DCMT?

Over the 1-year period, DCMT has performed better with a 42.19% return vs 23.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCE or DCMT?

DCMT is cheaper with a 0.66% expense ratio, compared with 0.90% for FLCE.

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

DCMT has the higher dividend yield at 2.73%, compared with 0.30% for FLCE.

What is the main difference between FLCE and DCMT?

FLCE is categorized as Large Cap Blend Equities, while DCMT is Commodities. They also come from different issuers: Frontier and DoubleLine. Their fees differ too: 0.90% for FLCE and 0.66% for DCMT.

Which has better risk-adjusted returns?

DCMT currently has the higher Sharpe Ratio (2.32 vs 2.05), 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.