Skip to content
etf.net

DCMT vs SDMF

DoubleLine Commodity Strategy ETF

DCMTCNYSE Arca

Simplify DBi CTA Managed Futures Index ETF

SDMFBNYSE Arca

Overlap

Expense ratio

SDMF −0.45pt a year

DCMT0.66%SDMF0.21%

Avg volume · 30D

SDMF 2.1×the volume

DCMT11.5KSDMF24.2K

DCMT vs SDMF Performance

Aug 7, 2026 – Nov 9, 2026

+7.4%DCMT+1.6%SDMF

Aug 7, 2026 to Nov 9, 2026. DCMT +7.4%. SDMF +1.6%. Use the arrow keys to read each point.5%10%15%Aug 2026Sep 2026Nov 2026
Expense ratio
DCMT 0.66%
SDMF 0.21%, better
Fund size
DCMT $48M
SDMF $51M
1Y total return
DCMT +36.7%
SDMF No data
Yield (12M)
DCMT 2.69%
SDMF No data
Holdings
DCMT 11
SDMF 29
Avg volume (30D)
DCMT 11.5K sh
SDMF 24.2K sh, better
NAV per share
DCMT $36.27
SDMF $26.27
52W range

ETF.net Grade

DCMT: Cost 55, Risk 42, Mission not scored, Tradability 28, Holdings not scored, Durability 26. SDMF: Cost 100, Risk 68, Mission not scored, Tradability 37, Holdings 31, Durability 30.
Pillar letters and Scores for DCMT, SDMF, with each pillar’s weight
PillarDCMTSDMF
Cost30% weightB55A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightC42B68Higher
Tradability15% weightD28D37Higher
Holdings10% weightNot scoredD31
Durability5% weightD26D30Higher

Rank among Broad Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DCMT and SDMF are both graded against the same 22 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 22 funds
See all 22 ›

SDMF ranks 5th and DCMT 15th of 22 funds in the Broad Commodity Futures Category.

  1. Rank 3BCOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 69
  2. Rank 5BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67
  3. Rank 6BBCDabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETFScore 64
  4. Rank 15CDBCInvesco DB Commodity Index Tracking FundScore 43
  5. Rank 15CDCMTDoubleLine Commodity Strategy ETFScore 43
  6. Rank 15CISTMiShares Strategic Metals ETFScore 43

Our read on each fund

ETF.net Research

DCMTCDoubleLine Commodity Strategy ETF

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

DCMT DoubleLine's 2024 arrival in broad commodities: one long, global basket measured against the Bloomberg Commodity Total Return Index, wrapped as a 1940 Act fund and priced near the middle of the category.

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

DCMT The fund seeks total return over full market cycles through long exposure to commodity-related investments.

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

  • DCMT One ticket to a diversified global commodity book. The mandate is long exposure to commodity-related investments, measured against the Bloomberg Commodity Total Return Index.doubleline.com
  • A 0.66% expense ratio lands around the middle of the broad-basket commodity crowd, not at a premium.
  • Structured as a 1940 Act registered fund, the same wrapper behind the category's K-1-free options, so holders get standard fund tax reporting instead of partnership paperwork.doubleline.com
  • SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
  • Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
  • Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
  • Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

  • DCMT The cheap seats are elsewhere. BCI (0.26%) and CMDY (0.29%) cover similar Bloomberg commodity ground for well under half the fee.
  • Launched in 2024, so the live record is short and the fund is small next to the category's entrenched names.
  • It trades lightly compared with the category's heavyweights, which can mean wider spreads at the moment you transact.
  • SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
  • A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
  • The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

Full DCMT profile⁠

Full SDMF profile⁠

DCMT vs SDMF Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DCMT vs SDMF Cost

Overpaying DCMT vs SDMF

$8,539

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DCMT 0.66%

    $12,896

  • SDMF 0.21%

    $4,357

$10,000
30 years

Cost over time

  • DCMT 0.66%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DCMT $12,896SDMF $4,357

Year by year

YearDCMTSDMFOverpaying
10$1,180$383$797
20$4,504$1,491$3,013
30$12,896$4,357$8,539

Expense ratio

  • 0.66%DCMT
  • 0.21%SDMF, cheaper
  • Middle half of Broad Commodity Futures funds
  • Median 0.67%

SDMF cheapest of 22 funds

DCMT 11th cheapest of 22 funds

DCMT vs SDMF Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
DCMT 2.69%
SDMF No data
Payout (12M)
DCMT $0.96
SDMF No data
Last payment
DCMT $0.96
SDMF $0.10
Ex-dividend
DCMT Dec 23, 2025
SDMF Sep 25, 2026
Paid on
DCMT Dec 30, 2025
SDMF Sep 30, 2026
Frequency
DCMT Annual
SDMF Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

DCMTAnnual · 2 paymentsAll DCMT payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.41; Dec 23, 2025 $0.96. Use the arrow keys to read each point.$0$12026YTD
SDMFQuarterly · 2 paymentsAll SDMF payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Jun 25, 2026 $0.10; Sep 25, 2026 $0.10. Use the arrow keys to read each point.$0$12026YTD

DCMT vs SDMF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DCMT 16.0%since Mar 2024SDMF No data
Return per unit of riskSharpe ratio, 3 years
DCMT 0.98since Mar 2024SDMF No data
Worst fallMax drawdown, 5 years
DCMT −16.0%since Feb 2024SDMF No data
Market sensitivityBeta, 5 years
DCMT −0.04SDMF 0.27

DCMT and SDMF in the news

All news⁠

Popular comparisons

  • DCMTCvsCERYA

    DoubleLine Commodity Strategy ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.66% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCERYA

    Simplify DBi CTA Managed Futures Index ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.21% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DCMTCvsBCIA

    DoubleLine Commodity Strategy ETF · abrdn Bloomberg All Commodity Strategy K-1 Free ETF

    Expense ratio
    0.66% · 0.26%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsBCIA

    Simplify DBi CTA Managed Futures Index ETF · abrdn Bloomberg All Commodity Strategy K-1 Free ETF

    Expense ratio
    0.21% · 0.26%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DCMTCvsCMDYB

    DoubleLine Commodity Strategy ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.66% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCMDYB

    Simplify DBi CTA Managed Futures Index ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.21% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.