NYF vs. DCMT
NYF (iShares New York Muni Bond ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - NYF is a Municipal Bonds fund tracking the S&P New York AMT-Free Municipal Bond Index, while DCMT is a Commodities fund actively managed by DoubleLine. NYF is passively managed, while DCMT is actively managed. Over the past year, NYF returned 6.49% vs 30.80% for DCMT. At a correlation of -0.14, they often move in opposite directions. NYF charges 0.25%/yr vs 0.66%/yr for DCMT.
Performance
NYF vs. DCMT - Performance Comparison
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Returns By Period
In the year-to-date period, NYF achieves a 1.65% return, which is significantly lower than DCMT's 27.10% return.
NYF
- 1D
- -0.09%
- 1M
- 0.05%
- 6M
- 0.95%
- YTD
- 1.65%
- 1Y
- 6.49%
- 3Y*
- 3.08%
- 5Y*
- 0.73%
- 10Y*
- 1.73%
DCMT
- 1D
- 0.34%
- 1M
- 1.90%
- 6M
- 21.68%
- YTD
- 27.10%
- 1Y
- 30.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NYF vs. DCMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NYF iShares New York Muni Bond ETF | 1.65% | 3.64% | 0.91% |
DCMT DoubleLine Commodity Strategy ETF | 27.10% | 6.04% | 3.65% |
Correlation
The correlation between NYF and DCMT is -0.28, 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 | -0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | -0.15 |
The correlation between NYF and DCMT shifts across timeframes, from -0.28 (1 year) to -0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NYF vs. DCMT — Risk / Return Rank
NYF
DCMT
NYF vs. DCMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) 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.
| NYF | DCMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.29 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.94 | +0.42 |
| Martin ratioReturn relative to average drawdown | 8.50 | 6.91 | +1.59 |
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Drawdowns
NYF vs. DCMT - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, smaller than the maximum DCMT drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for NYF and DCMT.
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Drawdown Indicators
| NYF | DCMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -15.96% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -15.96% | +13.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.12% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -8.76% | +8.18% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -3.53% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 4.47% | -3.70% |
Volatility
NYF vs. DCMT - Volatility Comparison
The current volatility for iShares New York Muni Bond ETF (NYF) is 0.57%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 5.92%. This indicates that NYF 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.
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Volatility by Period
| NYF | DCMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 5.92% | -5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 16.86% | -14.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 18.75% | -16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 16.01% | -12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 16.01% | -11.53% |
NYF vs. DCMT - Expense Ratio Comparison
NYF has a 0.25% expense ratio, which is lower than DCMT's 0.66% expense ratio.
Dividends
NYF vs. DCMT - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 3.11%, more than DCMT's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 2.89% | 3.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NYF iShares New York Muni Bond ETF | 3.11% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Frequently Asked Questions
NYF and DCMT have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCMT has higher volatility (5.92%) compared to NYF (0.57%). In terms of maximum drawdown, NYF dropped -13.12% vs DCMT's -15.96%.
On 1-year performance, DCMT leads with 30.80% vs 6.49% for NYF. On fees, NYF is cheaper at 0.25% per year. On volatility, NYF has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DCMT has performed better with a 30.80% return vs 6.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NYF is cheaper with a 0.25% expense ratio, compared with 0.66% for DCMT.
NYF has the higher dividend yield at 3.11%, compared with 2.89% for DCMT.
NYF is categorized as Municipal Bonds, while DCMT is Commodities. They also come from different issuers: iShares and DoubleLine. Their fees differ too: 0.25% for NYF and 0.66% for DCMT.
NYF currently has the higher Sharpe Ratio (2.39 vs 1.65), 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.
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