BG vs. DBA
BG (Bunge Limited) is a stock, while DBA (Invesco DB Agriculture Fund) is Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index Excess Return. Over the past 10 years, BG returned 9.82%/yr vs 4.14%/yr for DBA. At a 0.19 correlation, their price movements are largely independent.
Performance
BG vs. DBA - Performance Comparison
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Returns By Period
In the year-to-date period, BG achieves a 29.85% return, which is significantly higher than DBA's 8.82% return. Over the past 10 years, BG has outperformed DBA with an annualized return of 9.82%, while DBA has yielded a comparatively lower 4.14% annualized return.
BG
- 1D
- 0.62%
- 1M
- -8.75%
- 6M
- 15.68%
- YTD
- 29.85%
- 1Y
- 53.17%
- 3Y*
- 6.89%
- 5Y*
- 11.18%
- 10Y*
- 9.82%
DBA
- 1D
- 0.22%
- 1M
- 5.59%
- 6M
- 7.72%
- YTD
- 8.82%
- 1Y
- 11.65%
- 3Y*
- 13.55%
- 5Y*
- 12.19%
- 10Y*
- 4.14%
BG vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BG Bunge Limited | 29.85% | 18.56% | -20.74% | 3.79% | 9.28% | 46.77% | 18.92% | 11.77% | -17.99% | -4.76% |
DBA Invesco DB Agriculture Fund | 8.82% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
Correlation
The correlation between BG and DBA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.19 |
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Return for Risk
BG vs. DBA — Risk / Return Rank
BG
DBA
BG vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bunge Limited (BG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BG | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.35 | +1.32 |
| Martin ratioReturn relative to average drawdown | 9.27 | 2.83 | +6.44 |
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Drawdowns
BG vs. DBA - Drawdown Comparison
The maximum BG drawdown since its inception was -77.34%, which is greater than DBA's maximum drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for BG and DBA.
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Drawdown Indicators
| BG | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.34% | -67.97% | -9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -20.18% | -8.67% | -11.51% |
Max Drawdown (3Y)Largest decline over 3 years | -38.82% | -12.36% | -26.46% |
Max Drawdown (5Y)Largest decline over 5 years | -41.49% | -15.94% | -25.55% |
Max Drawdown (10Y)Largest decline over 10 years | -60.49% | -37.97% | -22.52% |
Current DrawdownCurrent decline from peak | -13.01% | -23.39% | +10.38% |
Average DrawdownAverage peak-to-trough decline | -28.83% | -41.02% | +12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 4.12% | +1.68% |
Volatility
BG vs. DBA - Volatility Comparison
Bunge Limited (BG) has a higher volatility of 9.66% compared to Invesco DB Agriculture Fund (DBA) at 3.88%. This indicates that BG's price experiences larger fluctuations and is considered to be riskier than DBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BG | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.66% | 3.88% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 7.43% | +13.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.89% | 10.83% | +20.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.36% | 13.86% | +15.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.04% | 13.06% | +17.98% |
Dividends
BG vs. DBA - Dividend Comparison
BG's dividend yield for the trailing twelve months is around 2.47%, less than DBA's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BG Bunge Limited | 2.47% | 3.12% | 3.48% | 2.55% | 2.31% | 2.76% | 3.05% | 3.48% | 3.59% | 2.62% | 2.21% | 2.11% |
DBA Invesco DB Agriculture Fund | 3.29% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BG and DBA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BG has higher volatility (9.66%) compared to DBA (3.88%). In terms of maximum drawdown, BG dropped -77.34% vs DBA's -67.97%.
BG currently has the higher Sharpe Ratio (1.74 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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