JETS vs. DCMT

Last updated Jul 14, 2026

JETS (U.S. Global Jets ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - JETS is a Industrials Equities fund tracking the U.S. Global Jets Index, while DCMT is a Commodities fund actively managed by DoubleLine. JETS is passively managed, while DCMT is actively managed. Over the past year, JETS returned 25.75% vs 28.33% for DCMT. At a correlation of -0.18, they often move in opposite directions. JETS charges 0.60%/yr vs 0.66%/yr for DCMT.

Performance

JETS vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Jets ETF (JETS) 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, JETS achieves a 11.22% return, which is significantly lower than DCMT's 25.74% return.

JETS

• 1D: -2.71%
• 1M: 5.72%
• 6M: 6.74%
• YTD: 11.22%
• 1Y: 25.75%
• 3Y*: 13.76%
• 5Y*: 6.43%
• 10Y*: 3.48%

DCMT

• 1D: 2.59%
• 1M: -0.52%
• 6M: 21.60%
• YTD: 25.74%
• 1Y: 28.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JETS vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JETS U.S. Global Jets ETF	11.22%	11.64%	35.20%
DCMT DoubleLine Commodity Strategy ETF	25.74%	6.04%	3.65%

Correlation

The correlation between JETS and DCMT is -0.41, 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	-0.41
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	-0.18

Over the past year, the inverse relationship between JETS and DCMT has strengthened: their correlation has moved from -0.18 to -0.41, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

JETS vs. DCMT — Risk / Return Rank

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

JETS

JETS Risk / Return Rank: 27
JETS Sharpe Ratio Rank: 27
JETS Sortino Ratio Rank: 31
JETS Omega Ratio Rank: 27
JETS Calmar Ratio Rank: 27
JETS Martin Ratio Rank: 26

DCMT

DCMT Risk / Return Rank: 51
DCMT Sharpe Ratio Rank: 57
DCMT Sortino Ratio Rank: 55
DCMT Omega Ratio Rank: 53
DCMT Calmar Ratio Rank: 44
DCMT Martin Ratio Rank: 49

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.

JETS vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Jets ETF (JETS) 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.

	JETS	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.52	-0.72
Sortino ratio: Return per unit of downside risk	1.39	2.11	-0.72
Omega ratio: Gain probability vs. loss probability	1.16	1.27	-0.11
Calmar ratio: Return relative to maximum drawdown	1.07	1.78	-0.71
Martin ratio: Return relative to average drawdown	2.73	6.45	-3.73

JETS vs. DCMT - Sharpe Ratio Comparison

The current JETS Sharpe Ratio is 0.79, which is lower than the DCMT Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of JETS 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.

Drawdowns

JETS vs. DCMT - Drawdown Comparison

The maximum JETS drawdown since its inception was -64.92%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for JETS and DCMT.

Drawdown Indicators

	JETS	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-64.92%	-15.96%	-48.96%
Max Drawdown (1Y) Largest decline over 1 year	-24.13%	-15.96%	-8.17%
Max Drawdown (3Y) Largest decline over 3 years	-35.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.92%	—	—
Current Drawdown Current decline from peak	-7.34%	-9.74%	+2.40%
Average Drawdown Average peak-to-trough decline	-25.02%	-3.51%	-21.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.46%	4.40%	+5.06%

Volatility

JETS vs. DCMT - Volatility Comparison

U.S. Global Jets ETF (JETS) has a higher volatility of 9.96% compared to DoubleLine Commodity Strategy ETF (DCMT) at 6.10%. This indicates that JETS's price experiences larger fluctuations and is considered to be riskier than DCMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JETS	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.96%	6.10%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	26.25%	16.86%	+9.39%
Volatility (1Y) Calculated over the trailing 1-year period	32.62%	18.80%	+13.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.57%	16.03%	+16.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.18%	16.03%	+18.15%

JETS vs. DCMT - Expense Ratio Comparison

JETS has a 0.60% expense ratio, which is lower than DCMT's 0.66% expense ratio.

Dividends

JETS vs. DCMT - Dividend Comparison

JETS's dividend yield for the trailing twelve months is around 0.75%, less than DCMT's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCMT DoubleLine Commodity Strategy ETF	2.92%	3.67%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JETS U.S. Global Jets ETF	0.75%	0.83%	0.00%	0.00%	0.00%	0.67%	0.04%	1.24%	0.09%	1.57%	0.58%	0.17%

Frequently Asked Questions

Can I hold both JETS and DCMT in my portfolio?

JETS and DCMT have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JETS or DCMT?

JETS has higher volatility (9.96%) compared to DCMT (6.10%). In terms of maximum drawdown, JETS dropped -64.92% vs DCMT's -15.96%.

Which ETF is better, JETS or DCMT?

On 1-year performance, DCMT leads with 28.33% vs 25.75% for JETS. On fees, JETS is cheaper at 0.60% per year. On volatility, DCMT has been the lower-risk option at 6.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JETS or DCMT?

Over the 1-year period, DCMT has performed better with a 28.33% return vs 25.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JETS or DCMT?

JETS is cheaper with a 0.60% expense ratio, compared with 0.66% for DCMT.

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

DCMT has the higher dividend yield at 2.92%, compared with 0.75% for JETS.

What is the main difference between JETS and DCMT?

JETS is categorized as Industrials Equities, while DCMT is Commodities. They also come from different issuers: US Global and DoubleLine. Their fees differ too: 0.60% for JETS and 0.66% for DCMT.

Which has better risk-adjusted returns?

DCMT currently has the higher Sharpe Ratio (1.52 vs 0.79), 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.