DCMT vs QQQ
DoubleLine Commodity Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. DCMT delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | DCMT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.18% | |
| AUM | $39M | $496.3B | |
| Dividend Yield | 2.88% | 0.44% | |
| Holdings | 12 | 108 | |
| YTD Return | +36.36% | +16.23% | |
| 1Y Return | +41.07% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 16.4% | 30.6% | |
| Max Drawdown | -16.0% | -83.0% | |
| Fund Family | DoubleLine Funds | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Jan 31, 2024 | Mar 10, 1999 |
DCMT vs QQQ Performance
DoubleLine Commodity Strategy ETF (DCMT) is a ETF from DoubleLine Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DCMT returned +41.07% while QQQ returned +26.23%. Year to date, DCMT is up 36.36% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.4% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DCMT charges 0.66% per year while QQQ charges 0.18%. On a $10,000 position that is $66 vs $18 annually, a gap of $48 per year that compounds over a long holding period. On income, DCMT currently yields 2.88% against 0.44% for QQQ.
Holdings Overlap
DCMT and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DCMT or QQQ?
DCMT has an expense ratio of 0.66% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, DCMT or QQQ?
Over the past year DCMT returned +41.07% vs +26.23% for QQQ, so DCMT leads on 1-year performance. Over the longest common window we track (3 years), DCMT annualized +17.15% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, DCMT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.4% for DCMT. Worst drawdown: DCMT -16.0% vs QQQ -83.0%.
Should I hold both DCMT and QQQ?
DCMT and QQQ have a monthly-return correlation of -0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DCMT and QQQ?
DCMT and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, DCMT or QQQ?
DCMT yields 2.88% while QQQ yields 0.44%, so DCMT currently pays the higher dividend yield.
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