DBA vs. CXRN

Last updated Jun 25, 2026

DBA (Invesco DB Agriculture Fund) and CXRN (Teucrium 2x Daily Corn ETF) are both exchange-traded funds - DBA is a Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index Excess Return, while CXRN is a Leveraged Commodities fund actively managed by Teucrium. DBA is passively managed, while CXRN is actively managed. Over the past year, DBA returned 4.67% vs -26.79% for CXRN. At a 0.43 correlation, their price movements are largely independent. DBA charges 0.88%/yr vs 0.95%/yr for CXRN.

Performance

DBA vs. CXRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Agriculture Fund (DBA) and Teucrium 2x Daily Corn ETF (CXRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBA achieves a 4.08% return, which is significantly higher than CXRN's -22.90% return.

DBA

• 1D: -0.15%
• 1M: -3.63%
• YTD: 4.08%
• 6M: 3.55%
• 1Y: 4.67%
• 3Y*: 11.64%
• 5Y*: 11.04%
• 10Y*: 3.63%

CXRN

• 1D: -1.93%
• 1M: -23.34%
• YTD: -22.90%
• 6M: -26.17%
• 1Y: -26.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBA vs. CXRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DBA Invesco DB Agriculture Fund	4.08%	-0.56%	0.79%
CXRN Teucrium 2x Daily Corn ETF	-22.90%	-25.68%	7.40%

Correlation

The correlation between DBA and CXRN is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.43

The correlation between DBA and CXRN has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.

Return for Risk

DBA vs. CXRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBA

DBA Risk / Return Rank: 15
DBA Sharpe Ratio Rank: 16
DBA Sortino Ratio Rank: 15
DBA Omega Ratio Rank: 14
DBA Calmar Ratio Rank: 15
DBA Martin Ratio Rank: 14

CXRN

CXRN Risk / Return Rank: 3
CXRN Sharpe Ratio Rank: 3
CXRN Sortino Ratio Rank: 4
CXRN Omega Ratio Rank: 4
CXRN Calmar Ratio Rank: 1
CXRN Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBA vs. CXRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and Teucrium 2x Daily Corn ETF (CXRN). 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	CXRN	Difference
Sharpe ratio: Return per unit of total volatility	0.44	-0.74	+1.19
Sortino ratio: Return per unit of downside risk	0.70	-0.90	+1.60
Omega ratio: Gain probability vs. loss probability	1.08	0.89	+0.19
Calmar ratio: Return relative to maximum drawdown	0.54	-0.89	+1.43
Martin ratio: Return relative to average drawdown	1.18	-2.15	+3.33

DBA vs. CXRN - Sharpe Ratio Comparison

The current DBA Sharpe Ratio is 0.44, which is higher than the CXRN Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of DBA and CXRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBA vs. CXRN - Drawdown Comparison

The maximum DBA drawdown since its inception was -67.97%, which is greater than CXRN's maximum drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for DBA and CXRN.

Drawdown Indicators

	DBA	CXRN	Difference
Max Drawdown Largest peak-to-trough decline	-67.97%	-52.05%	-15.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.67%	-30.34%	+21.67%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.12%	—	—
Current Drawdown Current decline from peak	-26.73%	-52.05%	+25.32%
Average Drawdown Average peak-to-trough decline	-41.06%	-30.73%	-10.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	12.47%	-8.49%

Volatility

DBA vs. CXRN - Volatility Comparison

The current volatility for Invesco DB Agriculture Fund (DBA) is 2.62%, while Teucrium 2x Daily Corn ETF (CXRN) has a volatility of 9.57%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than CXRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBA	CXRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	9.57%	-6.95%
Volatility (6M) Calculated over the trailing 6-month period	6.65%	27.10%	-20.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	36.22%	-25.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	36.71%	-22.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.04%	36.71%	-23.67%

DBA vs. CXRN - Expense Ratio Comparison

DBA has a 0.88% expense ratio, which is lower than CXRN's 0.95% expense ratio.

Dividends

DBA vs. CXRN - Dividend Comparison

DBA's dividend yield for the trailing twelve months is around 3.44%, more than CXRN's 2.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CXRN Teucrium 2x Daily Corn ETF	2.93%	3.30%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBA Invesco DB Agriculture Fund	3.44%	3.58%	4.08%	4.63%	0.48%	0.00%	0.00%	1.55%	1.06%

Frequently Asked Questions

Can I hold both DBA and CXRN in my portfolio?

DBA and CXRN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBA or CXRN?

CXRN has higher volatility (9.57%) compared to DBA (2.62%). In terms of maximum drawdown, DBA dropped -67.97% vs CXRN's -52.05%.

Which ETF is better, DBA or CXRN?

On 1-year performance, DBA leads with 4.67% vs -26.79% for CXRN. On fees, DBA is cheaper at 0.88% per year. On volatility, DBA has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBA or CXRN?

Over the 1-year period, DBA has performed better with a 4.67% return vs -26.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBA or CXRN?

DBA is cheaper with a 0.88% expense ratio, compared with 0.95% for CXRN.

Which ETF pays a higher dividend yield, DBA or CXRN?

DBA has the higher dividend yield at 3.44%, compared with 2.93% for CXRN.

What is the main difference between DBA and CXRN?

DBA is categorized as Agricultural Commodities, while CXRN is Leveraged Commodities. They also come from different issuers: Invesco and Teucrium. Their fees differ too: 0.88% for DBA and 0.95% for CXRN.

Which has better risk-adjusted returns?

DBA currently has the higher Sharpe Ratio (0.44 vs -0.74), 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.