LTCN vs. DCMT

Last updated Aug 4, 2026

LTCN (Grayscale Litecoin Trust) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - LTCN is a Cryptocurrency fund tracking the CoinDesk Litecoin Price Index, while DCMT is a Commodities fund actively managed by DoubleLine. LTCN is passively managed, while DCMT is actively managed. Over the past year, LTCN returned -62.06% vs 30.61% for DCMT. Their 0.07 correlation means their historical movements had little consistent relationship. LTCN charges 2.50%/yr vs 0.66%/yr for DCMT.

Performance

LTCN vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Litecoin Trust (LTCN) 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, LTCN achieves a -45.85% return, which is significantly lower than DCMT's 26.14% return.

LTCN

• 1D: -1.86%
• 1M: -0.94%
• 6M: -34.71%
• YTD: -45.85%
• 1Y: -62.06%
• 3Y*: -12.64%
• 5Y*: -29.58%
• 10Y*: —
• ALL TIME*: -33.21%

DCMT

• 1D: -1.24%
• 1M: 7.21%
• 6M: 20.26%
• YTD: 26.14%
• 1Y: 30.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.94%

*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	$312.97K	$269.09K	$196.68K
LTCN Grayscale Litecoin Trust	$209.06K	$258.75K	$357.89K

LTCN vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LTCN Grayscale Litecoin Trust	-45.85%	-54.37%	4.84%
DCMT DoubleLine Commodity Strategy ETF	26.14%	6.04%	3.65%

Correlation

The correlation between LTCN and DCMT is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.07

The correlation between LTCN and DCMT shifts across timeframes, from -0.09 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LTCN vs. DCMT — Risk / Return Rank

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

LTCN

LTCN Risk / Return Rank: 2
LTCN Sharpe Ratio Rank: 2
LTCN Sortino Ratio Rank: 2
LTCN Omega Ratio Rank: 2
LTCN Calmar Ratio Rank: 2
LTCN Martin Ratio Rank: 3

DCMT

DCMT Risk / Return Rank: 58
DCMT Sharpe Ratio Rank: 65
DCMT Sortino Ratio Rank: 63
DCMT Omega Ratio Rank: 61
DCMT Calmar Ratio Rank: 51
DCMT Martin Ratio Rank: 52

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.

LTCN vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Litecoin Trust (LTCN) 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.

	LTCN	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	1.62	-2.58
Sortino ratio: Return per unit of downside risk	-1.58	2.22	-3.81
Omega ratio: Gain probability vs. loss probability	0.82	1.28	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.86	1.93	-2.78
Martin ratio: Return relative to average drawdown	-1.22	6.43	-7.64

LTCN vs. DCMT - Sharpe Ratio Comparison

The current LTCN Sharpe Ratio is -0.96, which is lower than the DCMT Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of LTCN 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

LTCN vs. DCMT - Drawdown Comparison

The maximum LTCN drawdown since its inception was -99.58%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for LTCN and DCMT.

Drawdown Indicators

	LTCN	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-99.58%	-15.96%	-83.62%
Max Drawdown (1Y) Largest decline over 1 year	-72.73%	-15.96%	-56.77%
Max Drawdown (3Y) Largest decline over 3 years	-93.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-93.68%	—	—
Current Drawdown Current decline from peak	-99.37%	-9.46%	-89.91%
Average Drawdown Average peak-to-trough decline	-89.84%	-3.62%	-86.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.94%	4.78%	+46.16%

Volatility

LTCN vs. DCMT - Volatility Comparison

Grayscale Litecoin Trust (LTCN) has a higher volatility of 10.41% compared to DoubleLine Commodity Strategy ETF (DCMT) at 5.66%. This indicates that LTCN'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

	LTCN	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	5.66%	+4.75%
Volatility (6M) Calculated over the trailing 6-month period	39.88%	17.01%	+22.87%
Volatility (1Y) Calculated over the trailing 1-year period	64.82%	19.04%	+45.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.11%	16.05%	+83.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.36%	16.05%	+124.31%

LTCN vs. DCMT - Expense Ratio Comparison

LTCN has a 2.50% expense ratio, which is higher than DCMT's 0.66% expense ratio.

Dividends

LTCN vs. DCMT - Dividend Comparison

LTCN has not paid dividends to shareholders, while DCMT's dividend yield for the trailing twelve months is around 2.91%.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.91%	3.67%	1.59%
LTCN Grayscale Litecoin Trust	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LTCN and DCMT in my portfolio?

LTCN and DCMT have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LTCN or DCMT?

LTCN has higher volatility (10.41%) compared to DCMT (5.66%). In terms of maximum drawdown, LTCN dropped -99.58% vs DCMT's -15.96%.

Which ETF is better, LTCN or DCMT?

On 1-year performance, DCMT leads with 30.61% vs -62.06% for LTCN. On fees, DCMT is cheaper at 0.66% per year. On volatility, DCMT has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LTCN or DCMT?

Over the 1-year period, DCMT has performed better with a 30.61% return vs -62.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LTCN or DCMT?

DCMT is cheaper with a 0.66% expense ratio, compared with 2.50% for LTCN.

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

DCMT has the higher dividend yield at 2.91%, compared with 0.00% for LTCN.

What is the main difference between LTCN and DCMT?

LTCN is categorized as Cryptocurrency, while DCMT is Commodities. They also come from different issuers: Grayscale and DoubleLine. Their fees differ too: 2.50% for LTCN and 0.66% for DCMT.

Which has better risk-adjusted returns?

DCMT currently has the higher Sharpe Ratio (1.62 vs -0.96), 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.