DBA vs. AMSC
DBA (Invesco DB Agriculture Fund) is Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index Excess Return, while AMSC (American Superconductor Corporation) is a stock. Over the past 10 years, DBA returned 4.57%/yr vs 12.68%/yr for AMSC. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
DBA vs. AMSC - Performance Comparison
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Returns By Period
In the year-to-date period, DBA achieves a 7.80% return, which is significantly higher than AMSC's 2.05% return. Over the past 10 years, DBA has underperformed AMSC with an annualized return of 4.57%, while AMSC has yielded a comparatively higher 12.68% annualized return.
DBA
- 1D
- 0.11%
- 1M
- 2.42%
- 6M
- 7.21%
- YTD
- 7.80%
- 1Y
- 10.05%
- 3Y*
- 12.21%
- 5Y*
- 10.82%
- 10Y*
- 4.57%
- ALL TIME*
- 1.46%
AMSC
- 1D
- -0.27%
- 1M
- -26.43%
- 6M
- -1.84%
- YTD
- 2.05%
- 1Y
- -48.34%
- 3Y*
- 22.11%
- 5Y*
- 15.89%
- 10Y*
- 12.68%
- ALL TIME*
- -3.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.27M | $25.36M | $48.11M | |
| $21.27M | $23.75M | $33.82M |
DBA vs. AMSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 7.80% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
AMSC American Superconductor Corporation | 2.05% | 16.85% | 121.10% | 202.72% | -66.18% | -53.54% | 198.34% | -29.60% | 207.16% | -50.75% |
Correlation
The correlation between DBA and AMSC is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.12 |
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Return for Risk
DBA vs. AMSC — Risk / Return Rank
DBA
AMSC
DBA vs. AMSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and American Superconductor Corporation (AMSC). 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.
| DBA | AMSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.94 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.79 | +1.96 |
| Martin ratioReturn relative to average drawdown | 2.40 | -1.21 | +3.61 |
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Drawdowns
DBA vs. AMSC - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, smaller than the maximum AMSC drawdown of -99.57%. Use the drawdown chart below to compare losses from any high point for DBA and AMSC.
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Drawdown Indicators
| DBA | AMSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.97% | -99.57% | +31.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -61.08% | +52.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -61.08% | +48.72% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -82.94% | +67.00% |
Max Drawdown (10Y)Largest decline over 10 years | -35.64% | -89.06% | +53.42% |
Current DrawdownCurrent decline from peak | -24.11% | -95.76% | +71.65% |
Average DrawdownAverage peak-to-trough decline | -40.97% | -75.83% | +34.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 40.10% | -35.91% |
Volatility
DBA vs. AMSC - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 4.72%, while American Superconductor Corporation (AMSC) has a volatility of 22.38%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than AMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBA | AMSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 22.38% | -17.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 57.61% | -49.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 87.44% | -76.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 87.66% | -73.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 79.49% | -66.44% |
Dividends
DBA vs. AMSC - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.32%, while AMSC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMSC American Superconductor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBA Invesco DB Agriculture Fund | 3.32% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
Frequently Asked Questions
DBA and AMSC have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMSC has higher volatility (22.38%) compared to DBA (4.72%). In terms of maximum drawdown, DBA dropped -67.97% vs AMSC's -99.57%.
DBA currently has the higher Sharpe Ratio (0.91 vs -0.59), 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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