DBA vs. BCD
Compare and contrast key facts about Invesco DB Agriculture Fund (DBA) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD).
DBA and BCD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBA is a passively managed fund by Invesco that tracks the performance of the DBIQ Diversified Agriculture Index TR. It was launched on Jan 5, 2007. BCD is an actively managed fund by Aberdeen. It was launched on Mar 30, 2017.
Performance
DBA vs. BCD - Performance Comparison
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DBA vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 7.05% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -5.16% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 15.57% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.08% |
Returns By Period
In the year-to-date period, DBA achieves a 7.05% return, which is significantly lower than BCD's 15.57% return.
DBA
- 1D
- 0.74%
- 1M
- 5.00%
- YTD
- 7.05%
- 6M
- 5.78%
- 1Y
- 7.46%
- 3Y*
- 14.68%
- 5Y*
- 12.86%
- 10Y*
- 4.49%
BCD
- 1D
- -0.67%
- 1M
- 4.50%
- YTD
- 15.57%
- 6M
- 21.94%
- 1Y
- 22.76%
- 3Y*
- 11.07%
- 5Y*
- 13.81%
- 10Y*
- —
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DBA vs. BCD - Expense Ratio Comparison
DBA has a 0.94% expense ratio, which is higher than BCD's 0.29% expense ratio.
Return for Risk
DBA vs. BCD — Risk / Return Rank
DBA
BCD
DBA vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD). 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.
| DBA | BCD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.51 | -0.89 |
Sortino ratioReturn per unit of downside risk | 0.97 | 2.02 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.42 | -1.55 |
Martin ratioReturn relative to average drawdown | 1.63 | 7.58 | -5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBA | BCD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.51 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.90 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.65 | -0.56 |
Correlation
The correlation between DBA and BCD is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DBA vs. BCD - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.34%, less than BCD's 14.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.34% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.89% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
Drawdowns
DBA vs. BCD - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for DBA and BCD.
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Drawdown Indicators
| DBA | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.97% | -29.81% | -38.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -9.75% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -23.03% | +7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -41.16% | — | — |
Current DrawdownCurrent decline from peak | -24.64% | -2.53% | -22.11% |
Average DrawdownAverage peak-to-trough decline | -41.26% | -10.01% | -31.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 3.11% | +1.15% |
Volatility
DBA vs. BCD - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 2.55%, while abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) has a volatility of 5.53%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than BCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBA | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 5.53% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 11.60% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 15.15% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 15.42% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 13.93% | -0.80% |