DJCB vs. DBA
DJCB (ETRACS Bloomberg Commodity Index Total Return ETN Series B) and DBA (Invesco DB Agriculture Fund) are both exchange-traded funds - DJCB is a Commodities fund tracking the Bloomberg Commodity Index, while DBA is a Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index TR. Both are passively managed. At a 0.41 correlation, their price movements are largely independent. DJCB charges 0.50%/yr vs 0.94%/yr for DBA.
Performance
DJCB vs. DBA - Performance Comparison
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Returns By Period
DJCB
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBA
- 1D
- -0.96%
- 1M
- -5.05%
- YTD
- 5.25%
- 6M
- 5.49%
- 1Y
- 4.23%
- 3Y*
- 13.20%
- 5Y*
- 9.87%
- 10Y*
- 3.54%
DJCB vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B | 0.00% | 0.00% | 3.39% | -8.96% | 16.39% | 28.75% | -3.90% | 2.27% |
DBA Invesco DB Agriculture Fund | 5.25% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | 5.92% |
Correlation
The correlation between DJCB and DBA is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019 | 0.41 |
The correlation between DJCB and DBA shifts across timeframes, from 0.16 (3 years) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DJCB vs. DBA — Risk / Return Rank
DJCB
DBA
DJCB vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB) and Invesco DB Agriculture Fund (DBA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DJCB | DBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.39 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.08 | — |
Drawdowns
DJCB vs. DBA - Drawdown Comparison
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Drawdown Indicators
| DJCB | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -67.97% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.99% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.16% | — |
Current DrawdownCurrent decline from peak | — | -25.90% | — |
Average DrawdownAverage peak-to-trough decline | — | -41.11% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.07% | — |
Volatility
DJCB vs. DBA - Volatility Comparison
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Volatility by Period
| DJCB | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 10.77% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 14.10% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 13.09% | — |
DJCB vs. DBA - Expense Ratio Comparison
DJCB has a 0.50% expense ratio, which is lower than DBA's 0.94% expense ratio.
Dividends
DJCB vs. DBA - Dividend Comparison
DJCB has not paid dividends to shareholders, while DBA's dividend yield for the trailing twelve months is around 3.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.40% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DJCB and DBA have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DJCB is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DJCB is cheaper with a 0.50% expense ratio, compared with 0.94% for DBA.
DBA has the higher dividend yield at 3.40%, compared with 0.00% for DJCB.
DJCB is categorized as Commodities, while DBA is Agricultural Commodities. DJCB tracks Bloomberg Commodity Index, while DBA tracks DBIQ Diversified Agriculture Index TR. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.50% for DJCB and 0.94% for DBA.
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