UXRP vs. DCMT

Last updated Aug 2, 2026

UXRP (ProShares Ultra XRP ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index, while DCMT is a Commodities fund actively managed by DoubleLine. UXRP is passively managed, while DCMT is actively managed. Over the past year, UXRP returned -94.69% vs 32.24% for DCMT. Their -0.00 correlation means they have often moved in opposite directions in the past. UXRP charges 1.67%/yr vs 0.66%/yr for DCMT.

Performance

UXRP vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra XRP ETF (UXRP) 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, UXRP achieves a -77.99% return, which is significantly lower than DCMT's 27.72% return.

UXRP

• 1D: -5.41%
• 1M: -7.09%
• 6M: -74.16%
• YTD: -77.99%
• 1Y: -94.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -94.38%

DCMT

• 1D: 0.20%
• 1M: 8.55%
• 6M: 17.61%
• YTD: 27.72%
• 1Y: 32.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DCMT DoubleLine Commodity Strategy ETF	$337.61K	$272.59K	$201.81K
UXRP ProShares Ultra XRP ETF	$852.19K	$746.96K	$1.32M

UXRP vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025
UXRP ProShares Ultra XRP ETF	-77.99%	-77.43%
DCMT DoubleLine Commodity Strategy ETF	27.72%	2.88%

Correlation

The correlation between UXRP and DCMT is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	-0.00

Return for Risk

UXRP vs. DCMT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UXRP

UXRP Risk / Return Rank: 2
UXRP Sharpe Ratio Rank: 4
UXRP Sortino Ratio Rank: 1
UXRP Omega Ratio Rank: 1
UXRP Calmar Ratio Rank: 0
UXRP Martin Ratio Rank: 3

DCMT

DCMT Risk / Return Rank: 63
DCMT Sharpe Ratio Rank: 71
DCMT Sortino Ratio Rank: 68
DCMT Omega Ratio Rank: 66
DCMT Calmar Ratio Rank: 54
DCMT Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UXRP vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) 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.

	UXRP	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	1.63	-2.29
Sortino ratio: Return per unit of downside risk	-1.95	2.24	-4.18
Omega ratio: Gain probability vs. loss probability	0.79	1.28	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.99	1.94	-2.93
Martin ratio: Return relative to average drawdown	-1.23	6.51	-7.75

UXRP vs. DCMT - Sharpe Ratio Comparison

The current UXRP Sharpe Ratio is -0.66, which is lower than the DCMT Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of UXRP 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

UXRP vs. DCMT - Drawdown Comparison

The maximum UXRP drawdown since its inception was -96.60%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for UXRP and DCMT.

Drawdown Indicators

	UXRP	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-96.60%	-15.96%	-80.64%
Max Drawdown (1Y) Largest decline over 1 year	-95.74%	-15.96%	-79.78%
Current Drawdown Current decline from peak	-96.51%	-8.32%	-88.19%
Average Drawdown Average peak-to-trough decline	-74.97%	-3.61%	-71.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.79%	4.75%	+72.04%

Volatility

UXRP vs. DCMT - Volatility Comparison

ProShares Ultra XRP ETF (UXRP) has a higher volatility of 24.70% compared to DoubleLine Commodity Strategy ETF (DCMT) at 5.43%. This indicates that UXRP's price experiences larger fluctuations and is considered to be riskier than DCMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXRP	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.70%	5.43%	+19.27%
Volatility (6M) Calculated over the trailing 6-month period	101.23%	17.04%	+84.19%
Volatility (1Y) Calculated over the trailing 1-year period	142.99%	19.04%	+123.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.51%	16.04%	+127.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.51%	16.04%	+127.47%

UXRP vs. DCMT - Expense Ratio Comparison

UXRP has a 1.67% expense ratio, which is higher than DCMT's 0.66% expense ratio.

Dividends

UXRP vs. DCMT - Dividend Comparison

UXRP's dividend yield for the trailing twelve months is around 0.02%, less than DCMT's 2.88% yield.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.88%	3.67%	1.59%
UXRP ProShares Ultra XRP ETF	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXRP and DCMT in my portfolio?

UXRP and DCMT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXRP or DCMT?

UXRP has higher volatility (24.70%) compared to DCMT (5.43%). In terms of maximum drawdown, UXRP dropped -96.60% vs DCMT's -15.96%.

Which ETF is better, UXRP or DCMT?

On 1-year performance, DCMT leads with 32.24% vs -94.69% for UXRP. On fees, DCMT is cheaper at 0.66% per year. On volatility, DCMT has been the lower-risk option at 5.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXRP or DCMT?

Over the 1-year period, DCMT has performed better with a 32.24% return vs -94.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXRP or DCMT?

DCMT is cheaper with a 0.66% expense ratio, compared with 1.67% for UXRP.

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

DCMT has the higher dividend yield at 2.88%, compared with 0.02% for UXRP.

What is the main difference between UXRP and DCMT?

UXRP is categorized as Leveraged Cryptocurrency, while DCMT is Commodities. They also come from different issuers: ProShares and DoubleLine. Their fees differ too: 1.67% for UXRP and 0.66% for DCMT.

Which has better risk-adjusted returns?

DCMT currently has the higher Sharpe Ratio (1.63 vs -0.66), 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.