DoubleLine Commodity Strategy ETF (DCMT) — Stock Correlations & Overview
Over the past year, DCMT has moved most closely with GSG, DBC, PDBC. Explore the stocks most correlated and inversely correlated with DCMT below, along with its price, financials, and company profile.
Stocks correlated with DCMT
Correlation of daily returns. Higher positive values move with DCMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with DCMT
| Symbol | Company | Correlation |
|---|---|---|
| GSG | iShares S&P GSCI Commodity-Indexed TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.95 |
| DBC | Invesco DB Commodity Index Tracking FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.93 |
| PDBC | Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 0.92 |
| COMT | iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF | 0.91 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.90 |
Most inversely correlated with DCMT
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.88 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.68 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.67 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.67 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.63 |
Frequently asked questions about DCMT correlations
- Which stocks are most correlated with DCMT?
- Based on one year of daily returns, the stocks most correlated with DoubleLine Commodity Strategy ETF (DCMT) are GSG (0.95), DBC (0.93) and PDBC (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DCMT?
- Over the past year, the stocks most inversely correlated with DoubleLine Commodity Strategy ETF (DCMT) are SCO (-0.88), NRGD (-0.68) and DRIP (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DCMT correlations calculated?
- We compute the correlation of daily returns between DCMT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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