XMAR vs. DCMT

Last updated Jul 17, 2026

XMAR (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - XMAR is a Options Trading fund actively managed by FT Vest, while DCMT is a Commodities fund actively managed by DoubleLine. Both are actively managed. Over the past year, XMAR returned 11.66% vs 29.43% for DCMT. At a 0.00 correlation, their price movements are largely independent. XMAR charges 0.85%/yr vs 0.66%/yr for DCMT.

Performance

XMAR vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) 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, XMAR achieves a 7.34% return, which is significantly lower than DCMT's 26.32% return.

XMAR

• 1D: -0.09%
• 1M: 0.42%
• 6M: 7.08%
• YTD: 7.34%
• 1Y: 11.66%
• 3Y*: 10.68%
• 5Y*: —
• 10Y*: —

DCMT

• 1D: -0.62%
• 1M: 2.50%
• 6M: 21.40%
• YTD: 26.32%
• 1Y: 29.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XMAR vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	7.34%	10.30%	9.66%
DCMT DoubleLine Commodity Strategy ETF	26.32%	6.04%	3.65%

Correlation

The correlation between XMAR and DCMT is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.00

The correlation between XMAR and DCMT shifts across timeframes, from -0.12 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XMAR vs. DCMT — Risk / Return Rank

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

XMAR

XMAR Risk / Return Rank: 98
XMAR Sharpe Ratio Rank: 98
XMAR Sortino Ratio Rank: 98
XMAR Omega Ratio Rank: 98
XMAR Calmar Ratio Rank: 97
XMAR Martin Ratio Rank: 98

DCMT

DCMT Risk / Return Rank: 52
DCMT Sharpe Ratio Rank: 58
DCMT Sortino Ratio Rank: 56
DCMT Omega Ratio Rank: 54
DCMT Calmar Ratio Rank: 44
DCMT Martin Ratio Rank: 49

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.

XMAR vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) 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.

	XMAR	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	3.85	1.58	+2.27
Sortino ratio: Return per unit of downside risk	6.49	2.18	+4.31
Omega ratio: Gain probability vs. loss probability	2.02	1.27	+0.75
Calmar ratio: Return relative to maximum drawdown	7.92	1.85	+6.07
Martin ratio: Return relative to average drawdown	53.63	6.54	+47.09

XMAR vs. DCMT - Sharpe Ratio Comparison

The current XMAR Sharpe Ratio is 3.85, which is higher than the DCMT Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of XMAR 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

XMAR vs. DCMT - Drawdown Comparison

The maximum XMAR drawdown since its inception was -7.29%, smaller than the maximum DCMT drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for XMAR and DCMT.

Drawdown Indicators

	XMAR	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-7.29%	-15.96%	+8.67%
Max Drawdown (1Y) Largest decline over 1 year	-1.48%	-15.96%	+14.48%
Max Drawdown (3Y) Largest decline over 3 years	-7.29%	—	—
Current Drawdown Current decline from peak	-0.09%	-9.33%	+9.24%
Average Drawdown Average peak-to-trough decline	-0.30%	-3.54%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	4.51%	-4.29%

Volatility

XMAR vs. DCMT - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) is 0.83%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 5.79%. This indicates that XMAR 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

	XMAR	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	5.79%	-4.96%
Volatility (6M) Calculated over the trailing 6-month period	2.66%	16.87%	-14.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	18.76%	-15.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.49%	16.01%	-10.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.49%	16.01%	-10.52%

XMAR vs. DCMT - Expense Ratio Comparison

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

Dividends

XMAR vs. DCMT - Dividend Comparison

XMAR has not paid dividends to shareholders, while DCMT's dividend yield for the trailing twelve months is around 2.91%.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.91%	3.67%	1.59%
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XMAR and DCMT in my portfolio?

XMAR and DCMT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMAR or DCMT?

DCMT has higher volatility (5.79%) compared to XMAR (0.83%). In terms of maximum drawdown, XMAR dropped -7.29% vs DCMT's -15.96%.

Which ETF is better, XMAR or DCMT?

On 1-year performance, DCMT leads with 29.43% vs 11.66% for XMAR. On fees, DCMT is cheaper at 0.66% per year. On volatility, XMAR has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMAR or DCMT?

Over the 1-year period, DCMT has performed better with a 29.43% return vs 11.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMAR or DCMT?

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

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

DCMT has the higher dividend yield at 2.91%, compared with 0.00% for XMAR.

What is the main difference between XMAR and DCMT?

XMAR is categorized as Options Trading, while DCMT is Commodities. They also come from different issuers: FT Vest and DoubleLine. Their fees differ too: 0.85% for XMAR and 0.66% for DCMT.

Which has better risk-adjusted returns?

XMAR currently has the higher Sharpe Ratio (3.85 vs 1.58), 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.