SKIRX vs. DBCMX

Last updated Jun 5, 2026

SKIRX (DWS Enhanced Commodity Strategy Fund) and DBCMX (DoubleLine Strategic Commodity Fund) are both Commodities funds. Over the past 10 years, SKIRX returned 5.27%/yr vs 7.09%/yr for DBCMX. A 0.77 correlation means they provide meaningful diversification when combined. SKIRX charges 0.89%/yr vs 1.02%/yr for DBCMX.

Performance

SKIRX vs. DBCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Enhanced Commodity Strategy Fund (SKIRX) and DoubleLine Strategic Commodity Fund (DBCMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKIRX achieves a 19.51% return, which is significantly lower than DBCMX's 29.50% return. Over the past 10 years, SKIRX has underperformed DBCMX with an annualized return of 5.27%, while DBCMX has yielded a comparatively higher 7.09% annualized return.

SKIRX

• 1D: -0.43%
• 1M: -3.71%
• YTD: 19.51%
• 6M: 18.16%
• 1Y: 27.02%
• 3Y*: 11.13%
• 5Y*: 8.27%
• 10Y*: 5.27%

DBCMX

• 1D: 0.11%
• 1M: -2.30%
• YTD: 29.50%
• 6M: 30.69%
• 1Y: 38.38%
• 3Y*: 12.48%
• 5Y*: 9.58%
• 10Y*: 7.09%

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

SKIRX vs. DBCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SKIRX DWS Enhanced Commodity Strategy Fund	19.51%	11.95%	2.64%	-5.17%	8.33%	30.40%	-1.68%	2.72%	-11.57%	1.54%
DBCMX DoubleLine Strategic Commodity Fund	29.50%	6.10%	0.45%	-3.96%	13.40%	31.24%	-6.07%	4.78%	-10.65%	9.17%

Correlation

The correlation between SKIRX and DBCMX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.77

The correlation between SKIRX and DBCMX has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

Return for Risk

SKIRX vs. DBCMX — Risk / Return Rank

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

SKIRX

SKIRX Risk / Return Rank: 43
SKIRX Sharpe Ratio Rank: 34
SKIRX Sortino Ratio Rank: 25
SKIRX Omega Ratio Rank: 41
SKIRX Calmar Ratio Rank: 61
SKIRX Martin Ratio Rank: 52

DBCMX

DBCMX Risk / Return Rank: 86
DBCMX Sharpe Ratio Rank: 86
DBCMX Sortino Ratio Rank: 76
DBCMX Omega Ratio Rank: 76
DBCMX Calmar Ratio Rank: 97
DBCMX Martin Ratio Rank: 97

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.

SKIRX vs. DBCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Enhanced Commodity Strategy Fund (SKIRX) and DoubleLine Strategic Commodity Fund (DBCMX). 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.

	SKIRX	DBCMX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.79	-1.19
Sortino ratio: Return per unit of downside risk	2.05	3.67	-1.62
Omega ratio: Gain probability vs. loss probability	1.33	1.50	-0.16
Calmar ratio: Return relative to maximum drawdown	2.91	6.97	-4.06
Martin ratio: Return relative to average drawdown	10.27	25.96	-15.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKIRX vs. DBCMX - Sharpe Ratio Comparison

The current SKIRX Sharpe Ratio is 1.61, which is lower than the DBCMX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of SKIRX and DBCMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SKIRX	DBCMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	2.79	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.59	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.49	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.53	-0.67

Drawdowns

SKIRX vs. DBCMX - Drawdown Comparison

The maximum SKIRX drawdown since its inception was -88.19%, which is greater than DBCMX's maximum drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for SKIRX and DBCMX.

Drawdown Indicators

	SKIRX	DBCMX	Difference
Max Drawdown Largest peak-to-trough decline	-88.19%	-37.62%	-50.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.52%	-5.48%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	-10.83%	-14.75%	+3.92%
Max Drawdown (5Y) Largest decline over 5 years	-24.34%	-27.60%	+3.26%
Max Drawdown (10Y) Largest decline over 10 years	-32.33%	-37.62%	+5.29%
Current Drawdown Current decline from peak	-72.62%	-3.41%	-69.21%
Average Drawdown Average peak-to-trough decline	-67.88%	-13.26%	-54.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	1.47%	+1.22%

Volatility

SKIRX vs. DBCMX - Volatility Comparison

The current volatility for DWS Enhanced Commodity Strategy Fund (SKIRX) is 4.61%, while DoubleLine Strategic Commodity Fund (DBCMX) has a volatility of 5.93%. This indicates that SKIRX experiences smaller price fluctuations and is considered to be less risky than DBCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKIRX	DBCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	5.93%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	15.56%	12.23%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	13.68%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	16.32%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.33%	14.64%	-1.31%

SKIRX vs. DBCMX - Expense Ratio Comparison

SKIRX has a 0.89% expense ratio, which is lower than DBCMX's 1.02% expense ratio.

Dividends

SKIRX vs. DBCMX - Dividend Comparison

SKIRX's dividend yield for the trailing twelve months is around 5.55%, more than DBCMX's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBCMX DoubleLine Strategic Commodity Fund	2.34%	3.04%	2.89%	3.30%	46.88%	13.53%	0.00%	1.04%	1.21%	5.23%	0.51%	0.00%
SKIRX DWS Enhanced Commodity Strategy Fund	5.55%	5.39%	3.03%	1.93%	50.74%	43.89%	1.53%	1.74%	12.16%	0.41%	7.04%	0.40%

Frequently Asked Questions

Can I hold both SKIRX and DBCMX in my portfolio?

SKIRX and DBCMX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKIRX or DBCMX?

DBCMX has higher volatility (5.93%) compared to SKIRX (4.61%). In terms of maximum drawdown, SKIRX dropped -88.19% vs DBCMX's -37.62%.

Which has better risk-adjusted returns?

DBCMX currently has the higher Sharpe Ratio (2.79 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.