XTJA vs. DCMT

Last updated Jul 14, 2026

XTJA (Innovator U.S. Equity Accelerated Plus ETF - January) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - XTJA is a Options Trading fund actively managed by Innovator, while DCMT is a Commodities fund actively managed by DoubleLine. Both are actively managed. Over the past year, XTJA returned 15.58% vs 28.33% for DCMT. At a correlation of -0.02, they often move in opposite directions. XTJA charges 0.79%/yr vs 0.66%/yr for DCMT.

Performance

XTJA vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) 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, XTJA achieves a 8.07% return, which is significantly lower than DCMT's 25.74% return.

XTJA

• 1D: -0.36%
• 1M: 1.40%
• 6M: 6.72%
• YTD: 8.07%
• 1Y: 15.58%
• 3Y*: 14.01%
• 5Y*: —
• 10Y*: —

DCMT

• 1D: 2.59%
• 1M: -0.52%
• 6M: 21.60%
• YTD: 25.74%
• 1Y: 28.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTJA vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XTJA Innovator U.S. Equity Accelerated Plus ETF - January	8.07%	13.86%	13.21%
DCMT DoubleLine Commodity Strategy ETF	25.74%	6.04%	3.65%

Correlation

The correlation between XTJA and DCMT is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	-0.02

The correlation between XTJA and DCMT shifts across timeframes, from -0.18 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XTJA vs. DCMT — Risk / Return Rank

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

XTJA

XTJA Risk / Return Rank: 73
XTJA Sharpe Ratio Rank: 74
XTJA Sortino Ratio Rank: 75
XTJA Omega Ratio Rank: 86
XTJA Calmar Ratio Rank: 51
XTJA Martin Ratio Rank: 77

DCMT

DCMT Risk / Return Rank: 51
DCMT Sharpe Ratio Rank: 57
DCMT Sortino Ratio Rank: 55
DCMT Omega Ratio Rank: 53
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.

XTJA vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) 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.

	XTJA	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.52	+0.35
Sortino ratio: Return per unit of downside risk	2.68	2.11	+0.57
Omega ratio: Gain probability vs. loss probability	1.41	1.27	+0.15
Calmar ratio: Return relative to maximum drawdown	2.05	1.78	+0.27
Martin ratio: Return relative to average drawdown	11.40	6.45	+4.94

XTJA vs. DCMT - Sharpe Ratio Comparison

The current XTJA Sharpe Ratio is 1.87, which is comparable to the DCMT Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of XTJA 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

XTJA vs. DCMT - Drawdown Comparison

The maximum XTJA drawdown since its inception was -26.17%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for XTJA and DCMT.

Drawdown Indicators

	XTJA	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-15.96%	-10.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-15.96%	+8.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.94%	—	—
Current Drawdown Current decline from peak	-0.36%	-9.74%	+9.38%
Average Drawdown Average peak-to-trough decline	-6.12%	-3.51%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	4.40%	-3.03%

Volatility

XTJA vs. DCMT - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) is 1.88%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 6.10%. This indicates that XTJA 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

	XTJA	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	6.10%	-4.22%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	16.86%	-9.21%
Volatility (1Y) Calculated over the trailing 1-year period	8.38%	18.80%	-10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	16.03%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.92%	16.03%	-0.11%

XTJA vs. DCMT - Expense Ratio Comparison

XTJA has a 0.79% expense ratio, which is higher than DCMT's 0.66% expense ratio.

Dividends

XTJA vs. DCMT - Dividend Comparison

XTJA has not paid dividends to shareholders, while DCMT's dividend yield for the trailing twelve months is around 2.92%.

Position	TTM	2025	2024
DCMT DoubleLine Commodity Strategy ETF	2.92%	3.67%	1.59%
XTJA Innovator U.S. Equity Accelerated Plus ETF - January	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTJA and DCMT in my portfolio?

XTJA and DCMT have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTJA or DCMT?

DCMT has higher volatility (6.10%) compared to XTJA (1.88%). In terms of maximum drawdown, XTJA dropped -26.17% vs DCMT's -15.96%.

Which ETF is better, XTJA or DCMT?

On 1-year performance, DCMT leads with 28.33% vs 15.58% for XTJA. On fees, DCMT is cheaper at 0.66% per year. On volatility, XTJA has been the lower-risk option at 1.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTJA or DCMT?

Over the 1-year period, DCMT has performed better with a 28.33% return vs 15.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTJA or DCMT?

DCMT is cheaper with a 0.66% expense ratio, compared with 0.79% for XTJA.

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

DCMT has the higher dividend yield at 2.92%, compared with 0.00% for XTJA.

What is the main difference between XTJA and DCMT?

XTJA is categorized as Options Trading, while DCMT is Commodities. They also come from different issuers: Innovator and DoubleLine. Their fees differ too: 0.79% for XTJA and 0.66% for DCMT.

Which has better risk-adjusted returns?

XTJA currently has the higher Sharpe Ratio (1.87 vs 1.52), 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.