DCMT vs VOO
DoubleLine Commodity Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DCMT delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DCMT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.03% | |
| AUM | $39M | $979.0B | |
| Dividend Yield | 3.11% | 1.09% | |
| Holdings | 9 | 509 | |
| YTD Return | +31.12% | +13.44% | |
| 1Y Return | +36.66% | +22.62% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 16.0% | 14.1% | |
| Max Drawdown | -16.0% | -34.3% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Jan 31, 2024 | Sep 7, 2010 |
DCMT vs VOO Performance
DoubleLine Commodity Strategy ETF (DCMT) is a ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DCMT returned +36.66% while VOO returned +22.62%. Year to date, DCMT is up 31.12% versus a gain of 13.44% for VOO.
Risk: Volatility and Drawdowns
DCMT has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 -0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DCMT charges 0.66% per year while VOO charges 0.03%. On a $10,000 position that is $66 vs $3 annually, a gap of $63 per year that compounds over a long holding period. On income, DCMT currently yields 3.11% against 1.09% for VOO.
Holdings Overlap
DCMT and VOO share 0 holdings out of 506 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 VOO?
DCMT has an expense ratio of 0.66% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, DCMT or VOO?
Over the past year DCMT returned +36.66% vs +22.62% for VOO, so DCMT leads on 1-year performance. Over the longest common window we track (3 years), DCMT annualized +15.53% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, DCMT or VOO?
DCMT has been the more volatile fund at 16.0% annualized versus 14.1% for VOO. Worst drawdown: DCMT -16.0% vs VOO -34.3%.
Should I hold both DCMT and VOO?
DCMT and VOO have a monthly-return correlation of -0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DCMT and VOO?
DCMT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DCMT or VOO?
DCMT yields 3.11% while VOO yields 1.09%, so DCMT currently pays the higher dividend yield.
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