SJCP vs. DCMT

Last updated Jul 14, 2026

SJCP (SanJac Alpha Core Plus Bond ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - SJCP is a Intermediate Core-Plus Bond fund actively managed by SanJac Alpha, while DCMT is a Commodities fund actively managed by DoubleLine. Both are actively managed. Over the past year, SJCP returned 4.26% vs 28.33% for DCMT. At a correlation of -0.08, they often move in opposite directions. SJCP charges 0.65%/yr vs 0.66%/yr for DCMT.

Performance

SJCP vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SanJac Alpha Core Plus Bond ETF (SJCP) 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, SJCP achieves a 0.94% return, which is significantly lower than DCMT's 25.74% return.

SJCP

• 1D: 0.00%
• 1M: 0.28%
• 6M: 0.86%
• YTD: 0.94%
• 1Y: 4.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

SJCP vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SJCP SanJac Alpha Core Plus Bond ETF	0.94%	6.27%	-0.16%
DCMT DoubleLine Commodity Strategy ETF	25.74%	6.04%	7.75%

Correlation

The correlation between SJCP and DCMT is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	-0.08

Return for Risk

SJCP vs. DCMT — Risk / Return Rank

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

SJCP

SJCP Risk / Return Rank: 64
SJCP Sharpe Ratio Rank: 66
SJCP Sortino Ratio Rank: 67
SJCP Omega Ratio Rank: 76
SJCP Calmar Ratio Rank: 53
SJCP Martin Ratio Rank: 60

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.

SJCP vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Core Plus Bond ETF (SJCP) 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.

	SJCP	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.52	+0.18
Sortino ratio: Return per unit of downside risk	2.45	2.11	+0.34
Omega ratio: Gain probability vs. loss probability	1.35	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	2.13	1.78	+0.35
Martin ratio: Return relative to average drawdown	8.41	6.45	+1.95

SJCP vs. DCMT - Sharpe Ratio Comparison

The current SJCP Sharpe Ratio is 1.69, which is comparable to the DCMT Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SJCP 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

SJCP vs. DCMT - Drawdown Comparison

The maximum SJCP drawdown since its inception was -2.01%, smaller than the maximum DCMT drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for SJCP and DCMT.

Drawdown Indicators

	SJCP	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-2.01%	-15.96%	+13.95%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	-15.96%	+13.95%
Current Drawdown Current decline from peak	-0.38%	-9.74%	+9.36%
Average Drawdown Average peak-to-trough decline	-0.27%	-3.51%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	4.40%	-3.89%

Volatility

SJCP vs. DCMT - Volatility Comparison

The current volatility for SanJac Alpha Core Plus Bond ETF (SJCP) is 0.86%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 6.10%. This indicates that SJCP 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

	SJCP	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	6.10%	-5.24%
Volatility (6M) Calculated over the trailing 6-month period	1.91%	16.86%	-14.95%
Volatility (1Y) Calculated over the trailing 1-year period	2.53%	18.80%	-16.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.41%	16.03%	-13.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.41%	16.03%	-13.62%

SJCP vs. DCMT - Expense Ratio Comparison

SJCP has a 0.65% expense ratio, which is lower than DCMT's 0.66% expense ratio.

Dividends

SJCP vs. DCMT - Dividend Comparison

SJCP's dividend yield for the trailing twelve months is around 3.80%, more than DCMT's 2.92% yield.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.92%	3.67%	1.59%
SJCP SanJac Alpha Core Plus Bond ETF	3.80%	4.05%	1.40%

Frequently Asked Questions

Can I hold both SJCP and DCMT in my portfolio?

SJCP and DCMT have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJCP or DCMT?

DCMT has higher volatility (6.10%) compared to SJCP (0.86%). In terms of maximum drawdown, SJCP dropped -2.01% vs DCMT's -15.96%.

Which ETF is better, SJCP or DCMT?

On 1-year performance, DCMT leads with 28.33% vs 4.26% for SJCP. On fees, SJCP is cheaper at 0.65% per year. On volatility, SJCP has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SJCP or DCMT?

Over the 1-year period, DCMT has performed better with a 28.33% return vs 4.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SJCP or DCMT?

SJCP is cheaper with a 0.65% expense ratio, compared with 0.66% for DCMT.

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

SJCP has the higher dividend yield at 3.80%, compared with 2.92% for DCMT.

What is the main difference between SJCP and DCMT?

SJCP is categorized as Intermediate Core-Plus Bond, while DCMT is Commodities. They also come from different issuers: SanJac Alpha and DoubleLine. Their fees differ too: 0.65% for SJCP and 0.66% for DCMT.

Which has better risk-adjusted returns?

SJCP currently has the higher Sharpe Ratio (1.69 vs 1.52), 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.