YDEC vs. DCMT

Last updated Jul 14, 2026

YDEC (FT Vest International Equity Moderate Buffer ETF – December) and DCMT (DoubleLine Commodity Strategy ETF) are both exchange-traded funds - YDEC is a Defined Outcome fund actively managed by FT Vest, while DCMT is a Commodities fund actively managed by DoubleLine. Both are actively managed. Over the past year, YDEC returned 9.76% vs 28.33% for DCMT. At a 0.01 correlation, their price movements are largely independent. YDEC charges 0.90%/yr vs 0.66%/yr for DCMT.

Performance

YDEC vs. DCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest International Equity Moderate Buffer ETF – December (YDEC) 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, YDEC achieves a 5.11% return, which is significantly lower than DCMT's 25.74% return.

YDEC

• 1D: -0.51%
• 1M: 0.25%
• 6M: 3.49%
• YTD: 5.11%
• 1Y: 9.76%
• 3Y*: 7.35%
• 5Y*: 4.96%
• 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)

YDEC vs. DCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YDEC FT Vest International Equity Moderate Buffer ETF – December	5.11%	16.04%	-0.44%
DCMT DoubleLine Commodity Strategy ETF	25.74%	6.04%	3.65%

Correlation

The correlation between YDEC and DCMT is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.01

The correlation between YDEC and DCMT shifts across timeframes, from -0.22 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

YDEC vs. DCMT — Risk / Return Rank

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

YDEC

YDEC Risk / Return Rank: 54
YDEC Sharpe Ratio Rank: 51
YDEC Sortino Ratio Rank: 55
YDEC Omega Ratio Rank: 67
YDEC Calmar Ratio Rank: 40
YDEC Martin Ratio Rank: 55

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.

YDEC vs. DCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest International Equity Moderate Buffer ETF – December (YDEC) 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.

	YDEC	DCMT	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.52	-0.10
Sortino ratio: Return per unit of downside risk	2.13	2.11	+0.02
Omega ratio: Gain probability vs. loss probability	1.31	1.27	+0.05
Calmar ratio: Return relative to maximum drawdown	1.66	1.78	-0.12
Martin ratio: Return relative to average drawdown	7.46	6.45	+1.01

YDEC vs. DCMT - Sharpe Ratio Comparison

The current YDEC Sharpe Ratio is 1.41, which is comparable to the DCMT Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of YDEC 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

YDEC vs. DCMT - Drawdown Comparison

The maximum YDEC drawdown since its inception was -23.34%, which is greater than DCMT's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for YDEC and DCMT.

Drawdown Indicators

	YDEC	DCMT	Difference
Max Drawdown Largest peak-to-trough decline	-23.34%	-15.96%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.89%	-15.96%	+10.07%
Max Drawdown (3Y) Largest decline over 3 years	-10.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	—	—
Current Drawdown Current decline from peak	-0.73%	-9.74%	+9.01%
Average Drawdown Average peak-to-trough decline	-4.06%	-3.51%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	4.40%	-3.09%

Volatility

YDEC vs. DCMT - Volatility Comparison

The current volatility for FT Vest International Equity Moderate Buffer ETF – December (YDEC) is 2.12%, while DoubleLine Commodity Strategy ETF (DCMT) has a volatility of 6.10%. This indicates that YDEC 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

	YDEC	DCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	6.10%	-3.98%
Volatility (6M) Calculated over the trailing 6-month period	6.60%	16.86%	-10.26%
Volatility (1Y) Calculated over the trailing 1-year period	6.95%	18.80%	-11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.23%	16.03%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.94%	16.03%	-5.09%

YDEC vs. DCMT - Expense Ratio Comparison

YDEC has a 0.90% expense ratio, which is higher than DCMT's 0.66% expense ratio.

Dividends

YDEC vs. DCMT - Dividend Comparison

YDEC 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%
YDEC FT Vest International Equity Moderate Buffer ETF – December	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YDEC and DCMT in my portfolio?

YDEC and DCMT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YDEC or DCMT?

DCMT has higher volatility (6.10%) compared to YDEC (2.12%). In terms of maximum drawdown, YDEC dropped -23.34% vs DCMT's -15.96%.

Which ETF is better, YDEC or DCMT?

On 1-year performance, DCMT leads with 28.33% vs 9.76% for YDEC. On fees, DCMT is cheaper at 0.66% per year. On volatility, YDEC has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YDEC or DCMT?

Over the 1-year period, DCMT has performed better with a 28.33% return vs 9.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YDEC or DCMT?

DCMT is cheaper with a 0.66% expense ratio, compared with 0.90% for YDEC.

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

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

What is the main difference between YDEC and DCMT?

YDEC is categorized as Defined Outcome, while DCMT is Commodities. They also come from different issuers: FT Vest and DoubleLine. Their fees differ too: 0.90% for YDEC and 0.66% for DCMT.

Which has better risk-adjusted returns?

DCMT currently has the higher Sharpe Ratio (1.52 vs 1.41), 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.