SYSB vs. DCMT
SYSB (iShares Systematic Bond ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - SYSB is a Intermediate Core-Plus Bond fund tracking the BlackRock Universal Systematic Bond Index, while DCMT is a Commodities fund actively managed by DoubleLine. SYSB is passively managed, while DCMT is actively managed. Over the past year, SYSB returned 2.56% vs 32.24% for DCMT. Their -0.20 correlation means they have often moved in opposite directions in the past. SYSB charges 0.25%/yr vs 0.66%/yr for DCMT.
Performance
SYSB vs. DCMT - Performance Comparison
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Returns By Period
In the year-to-date period, SYSB achieves a -0.64% return, which is significantly lower than DCMT's 27.72% return.
SYSB
- 1D
- -0.22%
- 1M
- -1.31%
- 6M
- -0.94%
- YTD
- -0.64%
- 1Y
- 2.56%
- 3Y*
- 6.36%
- 5Y*
- 1.13%
- 10Y*
- 2.10%
- ALL TIME*
- 2.28%
DCMT
- 1D
- 0.20%
- 1M
- 8.55%
- 6M
- 17.61%
- YTD
- 27.72%
- 1Y
- 32.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $337.61K | $272.59K | $201.81K | |
| $4.79M | $5.34M | $7.44M |
SYSB vs. DCMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SYSB iShares Systematic Bond ETF | -0.64% | 8.32% | 5.76% |
DCMT DoubleLine Commodity Strategy ETF | 27.72% | 6.04% | 3.65% |
Correlation
The correlation between SYSB and DCMT is -0.38, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | -0.20 |
The correlation between SYSB and DCMT shifts across timeframes, from -0.38 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYSB vs. DCMT — Risk / Return Rank
SYSB
DCMT
SYSB vs. DCMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Bond ETF (SYSB) 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.
| SYSB | DCMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.94 | -0.89 |
| Martin ratioReturn relative to average drawdown | 2.61 | 6.51 | -3.90 |
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Drawdowns
SYSB vs. DCMT - Drawdown Comparison
The maximum SYSB drawdown since its inception was -18.47%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for SYSB and DCMT.
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Drawdown Indicators
| SYSB | DCMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.47% | -15.96% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -15.96% | +12.97% |
Max Drawdown (3Y)Largest decline over 3 years | -2.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.47% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | -8.32% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -3.61% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 4.75% | -3.56% |
Volatility
SYSB vs. DCMT - Volatility Comparison
The current volatility for iShares Systematic Bond ETF (SYSB) is 1.06%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 5.43%. This indicates that SYSB 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
| SYSB | DCMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 5.43% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 17.04% | -13.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 19.04% | -14.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 16.04% | -10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 16.04% | -11.11% |
SYSB vs. DCMT - Expense Ratio Comparison
SYSB has a 0.25% expense ratio, which is lower than DCMT's 0.66% expense ratio.
Dividends
SYSB vs. DCMT - Dividend Comparison
SYSB's dividend yield for the trailing twelve months is around 4.61%, more than DCMT's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCMT DoubleLine Commodity Strategy ETF | 2.88% | 3.67% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYSB iShares Systematic Bond ETF | 4.21% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Frequently Asked Questions
SYSB and DCMT have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCMT has higher volatility (5.43%) compared to SYSB (1.06%). In terms of maximum drawdown, SYSB dropped -18.47% vs DCMT's -15.96%.
On 1-year performance, DCMT leads with 32.24% vs 2.56% for SYSB. On fees, SYSB is cheaper at 0.25% per year. On volatility, SYSB has been the lower-risk option at 1.06%. 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 32.24% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SYSB is cheaper with a 0.25% expense ratio, compared with 0.66% for DCMT.
SYSB has the higher dividend yield at 4.21%, compared with 2.88% for DCMT.
SYSB is categorized as Intermediate Core-Plus Bond, while DCMT is Commodities. They also come from different issuers: iShares and DoubleLine. Their fees differ too: 0.25% for SYSB and 0.66% for DCMT.
DCMT currently has the higher Sharpe Ratio (1.63 vs 0.77), 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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