DCMT vs DJP
DoubleLine Commodity Strategy ETF vs iPath Bloomberg Commodity Index Total Return ETN
Which is better, DCMT or DJP?
Each has led over a different period.
DCMT has a lower expense ratio. DCMT led over 1Y, DJP over the full window. The two have moved almost in lockstep, correlation 0.91.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DCMT | DJP |
|---|---|---|
| Expense Ratio | 0.66%Best | 0.70% |
| AUM | $48M | $1.0B |
| Dividend Yield | 2.56% | 0.00% |
| Holdings | 12 | - |
| YTD Return | +46.64%Best | +39.39% |
| 1Y Return | +48.21%Best | +47.33% |
| 3Y Return (annualized) | - | +17.65% |
| 5Y Return (annualized) | - | +11.49% |
| Volatility (annualized) | 16.1%Best | 16.4% |
| Max Drawdown | -16.0%Best | -16.4% |
| $10,000 over 2.7 years | $16,100 | $17,431Best |
| Fund Family | DoubleLine Funds | Barclays |
| Category | Commodity | Commodity |
| Style | Commodities | Commodities |
| Inception | Jan 31, 2024 | Jun 6, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Feb 1, 2024 to Oct 14, 2026 (2.7 years).
DCMT vs DJP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
DCMT vs DJP Performance
DoubleLine Commodity Strategy ETF (DCMT) is an ETF from DoubleLine Funds and iPath Bloomberg Commodity Index Total Return ETN (DJP) is an ETF from Barclays. Over the past year DCMT returned +48.21% while DJP returned +47.33%. Year to date, DCMT is up 46.64% versus a gain of 39.39% for DJP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DJP has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 16.1% for DCMT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.0% for DCMT and -16.4% for DJP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DCMT charges 0.66% per year while DJP charges 0.70%. On a $10,000 position that is $66 vs $70 annually, a gap of $4 per year that compounds over a long holding period. On income, DCMT currently yields 2.56% against 0.00% for DJP.
You are not choosing between two funds in isolation.
Whichever of DCMT and DJP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DCMT or DJP?
DCMT has an expense ratio of 0.66% while DJP charges 0.70%. DCMT is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, DCMT or DJP?
Over the past year DCMT returned +48.21% vs +47.33% for DJP, so DCMT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DCMT or DJP?
DJP has been the more volatile fund at 16.4% annualized versus 16.1% for DCMT. Worst drawdown: DCMT -16.0% vs DJP -16.4%.
Should I hold both DCMT and DJP?
DCMT and DJP have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, DCMT or DJP?
DCMT yields 2.56% while DJP yields 0.00%, so DCMT currently pays the higher dividend yield.
Is DJP better than DCMT?
DCMT has a lower expense ratio. DCMT led over 1Y, DJP over the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.