FTMN vs. DCMT

Last updated Jun 4, 2026

FTMN (Franklin Minnesota Municipal Income ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - FTMN is a Municipal Bonds fund tracking the Actively Managed, while DCMT is a Commodities fund actively managed by DoubleLine. FTMN is passively managed, while DCMT is actively managed. At a correlation of -0.33, they often move in opposite directions. FTMN charges 0.35%/yr vs 0.66%/yr for DCMT.

Performance

FTMN vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Minnesota Municipal Income ETF (FTMN) 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, FTMN achieves a 1.52% return, which is significantly lower than DCMT's 34.49% return.

FTMN

• 1D: -0.06%
• 1M: 0.55%
• YTD: 1.52%
• 6M: 2.03%
• 1Y: —
• 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)

FTMN vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025
FTMN Franklin Minnesota Municipal Income ETF	1.52%	0.61%
DCMT DoubleLine Commodity Strategy ETF	34.49%	-1.18%

Correlation

The correlation between FTMN and DCMT is -0.33, 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 (All Time) Calculated using the full available price history since Nov 11, 2025	-0.33

Return for Risk

FTMN vs. DCMT — Risk / Return Rank

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

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.

FTMN vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Minnesota Municipal Income ETF (FTMN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FTMN	DCMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	1.20	-0.26

Drawdowns

FTMN vs. DCMT - Drawdown Comparison

The maximum FTMN drawdown since its inception was -3.10%, smaller than the maximum DCMT drawdown of -11.95%. Use the drawdown chart below to compare losses from any high point for FTMN and DCMT.

Drawdown Indicators

	FTMN	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-3.10%	-11.95%	+8.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.21%	—
Current Drawdown Current decline from peak	-0.41%	-3.46%	+3.05%
Average Drawdown Average peak-to-trough decline	-0.71%	-3.13%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.59%	—

Volatility

Volatility by Period

	FTMN	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	18.27%	-14.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.14%	15.77%	-11.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	15.77%	-11.63%

FTMN vs. DCMT - Expense Ratio Comparison

FTMN has a 0.35% expense ratio, which is lower than DCMT's 0.66% expense ratio.

Dividends

FTMN vs. DCMT - Dividend Comparison

FTMN's dividend yield for the trailing twelve months is around 1.83%, less than DCMT's 2.73% yield.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.73%	3.67%	1.59%
FTMN Franklin Minnesota Municipal Income ETF	1.83%	0.50%	0.00%

Frequently Asked Questions

Can I hold both FTMN and DCMT in my portfolio?

FTMN and DCMT have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTMN or DCMT?

On fees, FTMN is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTMN or DCMT?

FTMN is cheaper with a 0.35% expense ratio, compared with 0.66% for DCMT.

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

DCMT has the higher dividend yield at 2.73%, compared with 1.83% for FTMN.

What is the main difference between FTMN and DCMT?

FTMN is categorized as Municipal Bonds, while DCMT is Commodities. They also come from different issuers: Franklin Templeton and DoubleLine. Their fees differ too: 0.35% for FTMN and 0.66% for DCMT.