USCI vs. DBCMX
USCI (United States Commodity Index Fund) and DBCMX (DoubleLine Strategic Commodity Fund) are both Commodities funds. Over the past 10 years, USCI returned 8.79%/yr vs 6.79%/yr for DBCMX. A 0.76 correlation means they provide meaningful diversification when combined. USCI charges 1.03%/yr vs 1.02%/yr for DBCMX.
Performance
USCI vs. DBCMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with USCI having a 27.92% return and DBCMX slightly lower at 26.59%. Over the past 10 years, USCI has outperformed DBCMX with an annualized return of 8.79%, while DBCMX has yielded a comparatively lower 6.79% annualized return.
USCI
- 1D
- 1.17%
- 1M
- 4.36%
- 6M
- 22.22%
- YTD
- 27.92%
- 1Y
- 33.68%
- 3Y*
- 20.99%
- 5Y*
- 19.67%
- 10Y*
- 8.79%
DBCMX
- 1D
- 2.35%
- 1M
- 2.12%
- 6M
- 22.03%
- YTD
- 26.59%
- 1Y
- 32.05%
- 3Y*
- 9.54%
- 5Y*
- 9.31%
- 10Y*
- 6.79%
USCI vs. DBCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 27.92% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
DBCMX DoubleLine Strategic Commodity Fund | 26.59% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | -6.07% | 4.78% | -10.65% | 9.17% |
Correlation
The correlation between USCI and DBCMX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.76 |
The correlation between USCI and DBCMX has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
USCI vs. DBCMX — Risk / Return Rank
USCI
DBCMX
USCI vs. DBCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) 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.
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.
| USCI | DBCMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.64 | +0.38 |
| Martin ratioReturn relative to average drawdown | 9.58 | 9.97 | -0.40 |
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Drawdowns
USCI vs. DBCMX - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than DBCMX's maximum drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for USCI and DBCMX.
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Drawdown Indicators
| USCI | DBCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -37.62% | -28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -11.98% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -14.75% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -27.60% | +8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | -37.62% | -8.20% |
Current DrawdownCurrent decline from peak | -3.32% | -5.58% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -29.36% | -13.21% | -16.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.17% | +0.36% |
Volatility
USCI vs. DBCMX - Volatility Comparison
United States Commodity Index Fund (USCI) has a higher volatility of 5.40% compared to DoubleLine Strategic Commodity Fund (DBCMX) at 5.02%. This indicates that USCI's price experiences larger fluctuations and is considered to be riskier than DBCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCI | DBCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 5.02% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 12.84% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 14.49% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 16.32% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 14.60% | +1.30% |
USCI vs. DBCMX - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than DBCMX's 1.02% expense ratio.
Dividends
USCI vs. DBCMX - Dividend Comparison
USCI has not paid dividends to shareholders, while DBCMX's dividend yield for the trailing twelve months is around 2.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.40% | 3.04% | 2.89% | 3.30% | 46.88% | 13.53% | 0.00% | 1.04% | 1.21% | 5.23% | 0.51% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USCI and DBCMX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USCI has higher volatility (5.40%) compared to DBCMX (5.02%). In terms of maximum drawdown, USCI dropped -66.41% vs DBCMX's -37.62%.
DBCMX currently has the higher Sharpe Ratio (2.19 vs 1.99), 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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