JPLD vs. DCMT

Last updated Aug 6, 2026

JPLD (JPMorgan Limited Duration Bond ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while DCMT is a Commodities fund actively managed by DoubleLine. Both are actively managed. Over the past year, JPLD returned 3.98% vs 30.59% for DCMT. Their -0.20 correlation means they have often moved in opposite directions in the past. JPLD charges 0.24%/yr vs 0.66%/yr for DCMT.

Performance

JPLD vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Limited Duration Bond ETF (JPLD) 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, JPLD achieves a 1.80% return, which is significantly lower than DCMT's 25.34% return.

JPLD

• 1D: 0.06%
• 1M: 0.33%
• 6M: 1.25%
• YTD: 1.80%
• 1Y: 3.98%
• 3Y*: 5.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.81%

DCMT

• 1D: 0.48%
• 1M: 4.45%
• 6M: 17.24%
• YTD: 25.34%
• 1Y: 30.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.62%

*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)
DCMT DoubleLine Commodity Strategy ETF	$320.34K	$275.59K	$200.42K
JPLD JPMorgan Limited Duration Bond ETF	$14.44M	$20.83M	$23.79M

JPLD vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JPLD JPMorgan Limited Duration Bond ETF	1.80%	6.01%	5.73%
DCMT DoubleLine Commodity Strategy ETF	25.34%	6.04%	3.65%

Correlation

The correlation between JPLD and DCMT is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.27
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	-0.20

Return for Risk

JPLD vs. DCMT — Risk / Return Rank

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

JPLD

JPLD Risk / Return Rank: 93
JPLD Sharpe Ratio Rank: 93
JPLD Sortino Ratio Rank: 95
JPLD Omega Ratio Rank: 94
JPLD Calmar Ratio Rank: 89
JPLD Martin Ratio Rank: 93

DCMT

DCMT Risk / Return Rank: 53
DCMT Sharpe Ratio Rank: 59
DCMT Sortino Ratio Rank: 56
DCMT Omega Ratio Rank: 54
DCMT Calmar Ratio Rank: 47
DCMT Martin Ratio Rank: 48

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.

JPLD vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Limited Duration Bond ETF (JPLD) 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.

	JPLD	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	2.73	1.61	+1.11
Sortino ratio: Return per unit of downside risk	4.12	2.22	+1.90
Omega ratio: Gain probability vs. loss probability	1.55	1.28	+0.27
Calmar ratio: Return relative to maximum drawdown	3.98	1.93	+2.06
Martin ratio: Return relative to average drawdown	18.10	6.31	+11.79

JPLD vs. DCMT - Sharpe Ratio Comparison

The current JPLD Sharpe Ratio is 2.73, which is higher than the DCMT Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of JPLD 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

JPLD vs. DCMT - Drawdown Comparison

The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum DCMT drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for JPLD and DCMT.

Drawdown Indicators

	JPLD	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-1.17%	-15.96%	+14.79%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-15.96%	+14.96%
Max Drawdown (3Y) Largest decline over 3 years	-1.17%	—	—
Current Drawdown Current decline from peak	0.00%	-10.03%	+10.03%
Average Drawdown Average peak-to-trough decline	-0.14%	-3.64%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	4.86%	-4.64%

Volatility

JPLD vs. DCMT - Volatility Comparison

The current volatility for JPMorgan Limited Duration Bond ETF (JPLD) is 0.36%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 5.48%. This indicates that JPLD 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

	JPLD	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	5.48%	-5.12%
Volatility (6M) Calculated over the trailing 6-month period	1.10%	16.57%	-15.47%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	19.04%	-17.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.82%	16.05%	-14.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.82%	16.05%	-14.23%

JPLD vs. DCMT - Expense Ratio Comparison

JPLD has a 0.24% expense ratio, which is lower than DCMT's 0.66% expense ratio.

Dividends

JPLD vs. DCMT - Dividend Comparison

JPLD's dividend yield for the trailing twelve months is around 4.28%, more than DCMT's 2.93% yield.

Position	TTM	2025	2024	2023
DCMT DoubleLine Commodity Strategy ETF	2.93%	3.67%	1.59%	0.00%
JPLD JPMorgan Limited Duration Bond ETF	4.28%	4.24%	4.47%	1.83%

Frequently Asked Questions

Can I hold both JPLD and DCMT in my portfolio?

JPLD and DCMT have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPLD or DCMT?

DCMT has higher volatility (5.48%) compared to JPLD (0.36%). In terms of maximum drawdown, JPLD dropped -1.17% vs DCMT's -15.96%.

Which ETF is better, JPLD or DCMT?

On 1-year performance, DCMT leads with 30.59% vs 3.98% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPLD or DCMT?

Over the 1-year period, DCMT has performed better with a 30.59% return vs 3.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPLD or DCMT?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.66% for DCMT.

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

JPLD has the higher dividend yield at 4.28%, compared with 2.93% for DCMT.

What is the main difference between JPLD and DCMT?

JPLD is categorized as Short-Term Bond, while DCMT is Commodities. They also come from different issuers: JPMorgan and DoubleLine. Their fees differ too: 0.24% for JPLD and 0.66% for DCMT.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (2.73 vs 1.61), 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.