WCEO vs. DCMT

Last updated Aug 6, 2026

WCEO (Hypatia Women CEO ETF) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - WCEO is a Small Cap Blend Equities fund actively managed by Hypatia, while DCMT is a Commodities fund actively managed by DoubleLine. Both are actively managed. Over the past year, WCEO returned 28.82% vs 30.59% for DCMT. Their -0.04 correlation means they have often moved in opposite directions in the past. WCEO charges 0.85%/yr vs 0.66%/yr for DCMT.

Performance

WCEO vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hypatia Women CEO ETF (WCEO) 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, WCEO achieves a 19.68% return, which is significantly lower than DCMT's 25.34% return.

WCEO

• 1D: -0.48%
• 1M: 2.19%
• 6M: 14.84%
• YTD: 19.68%
• 1Y: 28.82%
• 3Y*: 14.66%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.51%

DCMT

• 1D: 0.48%
• 1M: 4.45%
• 6M: 17.24%
• YTD: 25.34%
• 1Y: 30.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.62%

*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	$320.34K	$275.59K	$200.42K
WCEO Hypatia Women CEO ETF	$62.29K	$47.97K	$48.12K

WCEO vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WCEO Hypatia Women CEO ETF	19.68%	9.77%	11.52%
DCMT DoubleLine Commodity Strategy ETF	25.34%	6.04%	3.65%

Correlation

The correlation between WCEO and DCMT is -0.25, 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.	-0.25
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	-0.04

Over the past year, the inverse relationship between WCEO and DCMT has strengthened: their correlation has moved from -0.04 to -0.25, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

WCEO vs. DCMT — Risk / Return Rank

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

WCEO

WCEO Risk / Return Rank: 81
WCEO Sharpe Ratio Rank: 77
WCEO Sortino Ratio Rank: 81
WCEO Omega Ratio Rank: 73
WCEO Calmar Ratio Rank: 90
WCEO Martin Ratio Rank: 85

DCMT

DCMT Risk / Return Rank: 53
DCMT Sharpe Ratio Rank: 59
DCMT Sortino Ratio Rank: 56
DCMT Omega Ratio Rank: 54
DCMT Calmar Ratio Rank: 47
DCMT Martin Ratio Rank: 48

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.

WCEO vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hypatia Women CEO ETF (WCEO) 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.

	WCEO	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.61	+0.36
Sortino ratio: Return per unit of downside risk	2.95	2.22	+0.74
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	4.16	1.93	+2.24
Martin ratio: Return relative to average drawdown	13.40	6.31	+7.09

WCEO vs. DCMT - Sharpe Ratio Comparison

The current WCEO Sharpe Ratio is 1.97, which is comparable to the DCMT Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of WCEO 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

WCEO vs. DCMT - Drawdown Comparison

The maximum WCEO drawdown since its inception was -25.88%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for WCEO and DCMT.

Drawdown Indicators

	WCEO	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-15.96%	-9.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-15.96%	+9.00%
Max Drawdown (3Y) Largest decline over 3 years	-25.88%	—	—
Current Drawdown Current decline from peak	-0.48%	-10.03%	+9.55%
Average Drawdown Average peak-to-trough decline	-5.27%	-3.64%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	4.86%	-2.70%

Volatility

WCEO vs. DCMT - Volatility Comparison

The current volatility for Hypatia Women CEO ETF (WCEO) is 3.99%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 5.48%. This indicates that WCEO 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

	WCEO	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	5.48%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	16.57%	-6.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	19.04%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	16.05%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	16.05%	+1.86%

WCEO vs. DCMT - Expense Ratio Comparison

WCEO has a 0.85% expense ratio, which is higher than DCMT's 0.66% expense ratio.

Dividends

WCEO vs. DCMT - Dividend Comparison

WCEO's dividend yield for the trailing twelve months is around 0.54%, less than DCMT's 2.93% yield.

Position	TTM	2025	2024	2023
DCMT DoubleLine Commodity Strategy ETF	2.93%	3.67%	1.59%	0.00%
WCEO Hypatia Women CEO ETF	0.54%	0.64%	0.88%	0.93%

Frequently Asked Questions

Can I hold both WCEO and DCMT in my portfolio?

WCEO and DCMT have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCEO or DCMT?

DCMT has higher volatility (5.48%) compared to WCEO (3.99%). In terms of maximum drawdown, WCEO dropped -25.88% vs DCMT's -15.96%.

Which ETF is better, WCEO or DCMT?

On 1-year performance, DCMT leads with 30.59% vs 28.82% for WCEO. On fees, DCMT is cheaper at 0.66% per year. On volatility, WCEO has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCEO or DCMT?

Over the 1-year period, DCMT has performed better with a 30.59% return vs 28.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCEO or DCMT?

DCMT is cheaper with a 0.66% expense ratio, compared with 0.85% for WCEO.

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

DCMT has the higher dividend yield at 2.93%, compared with 0.54% for WCEO.

What is the main difference between WCEO and DCMT?

WCEO is categorized as Small Cap Blend Equities, while DCMT is Commodities. They also come from different issuers: Hypatia and DoubleLine. Their fees differ too: 0.85% for WCEO and 0.66% for DCMT.

Which has better risk-adjusted returns?

WCEO currently has the higher Sharpe Ratio (1.97 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.