ETF Evaluator:
DoubleLine Commodity Strategy ETF ()
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(as of Aug 26)
Best Performing in Commodities Broad Basket Over the Last Year
| 54.6% | VanEck Commodity Strategy ETF (PIT) |
| 44.8% | DB Commodity Long ETN (DPU) |
| 40.4% | iShares S&P GSCI Commodity-Indexed Trust (GSG) |
| 40.1% | iPath® Bloomberg Cmdty TR ETN (DJP) |
| 39.9% | Harbor Commodity All-Weather StrategyETF (HGER) |
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ETF Details
DoubleLine Commodity Strategy ETF Overview
DoubleLine Commodity Strategy ETF (DCMT) is an actively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). DoubleLine ETF Trust launched the ETF in 2024.
The investment seeks total return.
The fund is an actively managed ETF. The fund normally seeks to generate total return over a full market cycle through long exposures to commodity-related investments. The commodities to which the Advisor expects to have investment exposure principally include, without limitation, industrial metals; precious metals; oil, gas and other energy commodities; agricultural products and livestock. The fund is non-diversified.
About DoubleLine Commodity Strategy ETF (DCMT)
There are 3 members of the management team with an average tenure of 2.19 years: Jeffrey Sherman (2024), Jeffrey Mayberry (2024) and Eric Dhall (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg Commodity TR USD index with a weighting of 100%. DoubleLine Commodity Strategy ETF has 10 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
DoubleLine Commodity Strategy ETF is part of the Real Assets global asset class and is within the Commodities ETF group. DoubleLine Commodity Strategy ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 54.0% (54.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DoubleLine Commodity Strategy ETF has 29.9% of the portfolio in cash.
Assets Under Management
The fund has $39 million in total assets, which is below the $831 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DCMT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DoubleLine Commodity Strategy ETF expense ratio is above average compared to funds in the Commodities Broad Basket category. DoubleLine Commodity Strategy ETF has an expense ratio of 0.66%, which is the same as its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DoubleLine Commodity Strategy ETF has a portfolio turnover rate of 82%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.
Recently, in the month of July 2026, DoubleLine Commodity Strategy ETF returned 8.2%, which earned it a grade of B, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
DoubleLine Commodity Strategy ETF has a trailing yield of 2.88%, which is below the 5.12% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DoubleLine Commodity Strategy ETF Grades
Year to date, the ETF has returned 27.6%, 5.4 percentage points better than the category, which translates into a grade of B. The fund has returned 30.6% over the past year (grade of D).
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DCMT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DCMT Return (NAV) | 8.2% | -6.5% | 30.6% | na | na | na |
| DCMT Return (Price) | 7.9% | -6.7% | 30.8% | na | na | na |
| NAV +/- Price Return | 0.293% | 0.169% | -0.155% | na | na | na |
| Commodities Broad Basket Avg | 6.9% | -4.5% | 31.7% | 13.2% | 11.6% | 8.6% |
| DCMT Grade (NAV) | B | F | D | na | na | na |
| +/- Category (NAV) | 1.3% | -2.0% | -1.1% | na | na | na |
| DCMT Tax-Cost Ratio | na | na | 1.4% | na | na | na |
DCMT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DCMT Return (NAV) | 27.6% | 6.2% | na | na | na | na | na | na | na | na | na |
| DCMT Return (Price) | 27.7% | 6.0% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.005% | -0.032% | na | na | na | na | na | na | na | na | na |
| Commodities Broad Basket Avg | 22.1% | 15.5% | 7.4% | -4.2% | 15.9% | 31.9% | -4.8% | 7.3% | -10.7% | 5.9% | 11.7% |
| DCMT Grade (NAV) | B | F | na | na | na | na | na | na | na | na | na |
| +/- Category | 5.4% | -9.3% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.9% |
| Total Assets: | $ 40 Mil |
| Share Class Assets: | $ 40 Mil |
| Turnover: | 82.0% |
| Expense Ratio: | 0.66% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.2 years | |||
| Managers (Year): Sherman Jeffrey (2024), Mayberry Jeffrey (2024), Dhall Eric (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 54.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 16.1% |
| Cash: | 29.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | DoubleLine ETF Trust |
| Phone Number: | 855-937-0772 |
| Website: | |
| Inception Date: | January 31, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.66% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.66% |
