Invesco DB Agriculture Fund (DBA)

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Invesco DB Agriculture Fund (DBA) is up 3.0% since the beginning of the year. DBA is currently trading at $26 per share. Investors who bought $1,000 worth of DBA shares 5 years ago would now be looking at an investment worth $1,556.

Invesco DB Agriculture Fund (DBA) has returned 2.98% so far this year and -0.59% over the past 12 months. Over the last ten years, DBA has returned 2.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.42% annually.

Based on dividend-adjusted daily data since Jan 5, 2007, DBA's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 50% of months were positive and 50% were negative. The best month was Jun 2008 with a return of +15.1%, while the worst month was Oct 2008 at -15.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, DBA closed higher 49% of trading days. The best single day was Jan 12, 2007 with a return of +8.0%, while the worst single day was Oct 6, 2008 at -7.7%.

Invesco DB Agriculture Fund has an annualized alpha of 0.15%, beta of 0.23, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since January 05, 2007.

• This ETF participated in 32.81% of S&P 500 Index downside but only 19.98% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.23 may look defensive, but with R2 of 0.08 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.08 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DBA has a high expense ratio of 0.94%, indicating above-average management fees.

DBA ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and compare them to S&P 500 Index.

Invesco DB Agriculture Fund provided a 3.47% dividend yield over the last twelve months, with an annual payout of $0.91 per share.

The table displays the monthly dividend distributions for Invesco DB Agriculture Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco DB Agriculture Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco DB Agriculture Fund was 67.97%, occurring on Jun 26, 2020. The portfolio has not yet recovered.

The current Invesco DB Agriculture Fund drawdown is 27.50%.

The chart below shows the rolling one-month volatility.