NUDV vs. DCMT

Last updated Jul 17, 2026

NUDV (Nuveen ESG Dividend ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index, while DCMT is a Commodities fund actively managed by DoubleLine. NUDV is passively managed, while DCMT is actively managed. Over the past year, NUDV returned 20.39% vs 29.43% for DCMT. At a correlation of -0.01, they often move in opposite directions. NUDV charges 0.26%/yr vs 0.66%/yr for DCMT.

Performance

NUDV vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Dividend ETF (NUDV) 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, NUDV achieves a 12.61% return, which is significantly lower than DCMT's 26.32% return.

NUDV

• 1D: 0.92%
• 1M: 1.00%
• 6M: 8.14%
• YTD: 12.61%
• 1Y: 20.39%
• 3Y*: 14.88%
• 5Y*: —
• 10Y*: —

DCMT

• 1D: -0.62%
• 1M: 2.50%
• 6M: 21.40%
• YTD: 26.32%
• 1Y: 29.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUDV vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NUDV Nuveen ESG Dividend ETF	12.61%	10.77%	15.23%
DCMT DoubleLine Commodity Strategy ETF	26.32%	6.04%	3.65%

Correlation

The correlation between NUDV and DCMT is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	-0.01

Return for Risk

NUDV vs. DCMT — Risk / Return Rank

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

NUDV

NUDV Risk / Return Rank: 77
NUDV Sharpe Ratio Rank: 78
NUDV Sortino Ratio Rank: 81
NUDV Omega Ratio Rank: 74
NUDV Calmar Ratio Rank: 76
NUDV Martin Ratio Rank: 76

DCMT

DCMT Risk / Return Rank: 52
DCMT Sharpe Ratio Rank: 58
DCMT Sortino Ratio Rank: 56
DCMT Omega Ratio Rank: 54
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.

NUDV vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Dividend ETF (NUDV) 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.

	NUDV	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.58	+0.41
Sortino ratio: Return per unit of downside risk	2.90	2.18	+0.73
Omega ratio: Gain probability vs. loss probability	1.35	1.27	+0.07
Calmar ratio: Return relative to maximum drawdown	3.11	1.85	+1.25
Martin ratio: Return relative to average drawdown	11.10	6.54	+4.55

NUDV vs. DCMT - Sharpe Ratio Comparison

The current NUDV Sharpe Ratio is 1.98, which is comparable to the DCMT Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of NUDV 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

NUDV vs. DCMT - Drawdown Comparison

The maximum NUDV drawdown since its inception was -20.10%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for NUDV and DCMT.

Drawdown Indicators

	NUDV	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-15.96%	-4.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-15.96%	+9.36%
Max Drawdown (3Y) Largest decline over 3 years	-16.48%	—	—
Current Drawdown Current decline from peak	-0.48%	-9.33%	+8.85%
Average Drawdown Average peak-to-trough decline	-4.81%	-3.54%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	4.51%	-2.67%

Volatility

NUDV vs. DCMT - Volatility Comparison

The current volatility for Nuveen ESG Dividend ETF (NUDV) is 2.91%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 5.79%. This indicates that NUDV 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

	NUDV	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	5.79%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	7.66%	16.87%	-9.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	18.76%	-8.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	16.01%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.87%	16.01%	-1.14%

NUDV vs. DCMT - Expense Ratio Comparison

NUDV has a 0.26% expense ratio, which is lower than DCMT's 0.66% expense ratio.

Dividends

NUDV vs. DCMT - Dividend Comparison

NUDV's dividend yield for the trailing twelve months is around 2.28%, less than DCMT's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021
DCMT DoubleLine Commodity Strategy ETF	2.91%	3.67%	1.59%	0.00%	0.00%	0.00%
NUDV Nuveen ESG Dividend ETF	2.28%	2.36%	6.18%	2.48%	2.96%	0.60%

Frequently Asked Questions

Can I hold both NUDV and DCMT in my portfolio?

NUDV and DCMT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUDV or DCMT?

DCMT has higher volatility (5.79%) compared to NUDV (2.91%). In terms of maximum drawdown, NUDV dropped -20.10% vs DCMT's -15.96%.

Which ETF is better, NUDV or DCMT?

On 1-year performance, DCMT leads with 29.43% vs 20.39% for NUDV. On fees, NUDV is cheaper at 0.26% per year. On volatility, NUDV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUDV or DCMT?

Over the 1-year period, DCMT has performed better with a 29.43% return vs 20.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUDV or DCMT?

NUDV is cheaper with a 0.26% expense ratio, compared with 0.66% for DCMT.

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

DCMT has the higher dividend yield at 2.91%, compared with 2.28% for NUDV.

What is the main difference between NUDV and DCMT?

NUDV is categorized as Large Cap Value Equities, while DCMT is Commodities. They also come from different issuers: Nuveen and DoubleLine. Their fees differ too: 0.26% for NUDV and 0.66% for DCMT.

Which has better risk-adjusted returns?

NUDV currently has the higher Sharpe Ratio (1.98 vs 1.58), 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.