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 Abrdn Plc. It was launched on Mar 30, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBA or BCD.
Key characteristics
| DBA | BCD | |
|---|---|---|
| YTD Return | 22.81% | 5.43% |
| 1Y Return | 20.36% | 3.46% |
| 3Y Return (Ann) | 11.43% | 4.59% |
| 5Y Return (Ann) | 11.04% | 10.42% |
| Sharpe Ratio | 1.08 | 0.25 |
| Sortino Ratio | 1.54 | 0.43 |
| Omega Ratio | 1.20 | 1.05 |
| Calmar Ratio | 0.41 | 0.14 |
| Martin Ratio | 3.40 | 0.62 |
| Ulcer Index | 5.78% | 5.02% |
| Daily Std Dev | 18.26% | 12.54% |
| Max Drawdown | -67.97% | -29.79% |
| Current Drawdown | -34.85% | -16.08% |
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.
Performance
DBA vs. BCD - Performance Comparison
In the year-to-date period, DBA achieves a 22.81% return, which is significantly higher than BCD's 5.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
DBA vs. BCD - Risk-Adjusted Performance 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.
Dividends
DBA vs. BCD - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.77%, less than BCD's 4.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.77% | 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 | 4.28% | 4.51% | 5.21% | 8.30% | 1.29% | 1.56% | 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 -29.79%. Use the drawdown chart below to compare losses from any high point for DBA and BCD. For additional features, visit the drawdowns tool.
Volatility
DBA vs. BCD - Volatility Comparison
Invesco DB Agriculture Fund (DBA) has a higher volatility of 4.05% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 3.47%. This indicates that DBA's price experiences larger fluctuations and is considered to be riskier than BCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.