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DBA vs. DBC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DBA and DBC is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

DBA vs. DBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Agriculture Fund (DBA) and Invesco DB Commodity Index Tracking Fund (DBC). The values are adjusted to include any dividend payments, if applicable.

5.00%10.00%15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
26.39%
9.46%
DBA
DBC

Key characteristics

Sharpe Ratio

DBA:

0.47

DBC:

-0.26

Sortino Ratio

DBA:

0.76

DBC:

-0.27

Omega Ratio

DBA:

1.09

DBC:

0.97

Calmar Ratio

DBA:

0.20

DBC:

-0.08

Martin Ratio

DBA:

1.34

DBC:

-0.74

Ulcer Index

DBA:

6.18%

DBC:

5.70%

Daily Std Dev

DBA:

17.70%

DBC:

15.85%

Max Drawdown

DBA:

-67.97%

DBC:

-76.36%

Current Drawdown

DBA:

-27.45%

DBC:

-46.64%

Returns By Period

In the year-to-date period, DBA achieves a 2.48% return, which is significantly higher than DBC's -0.28% return. Over the past 10 years, DBA has outperformed DBC with an annualized return of 3.26%, while DBC has yielded a comparatively lower 3.09% annualized return.


DBA

YTD

2.48%

1M

1.79%

6M

14.32%

1Y

6.87%

5Y*

17.54%

10Y*

3.26%

DBC

YTD

-0.28%

1M

-4.09%

6M

-0.85%

1Y

-4.47%

5Y*

17.30%

10Y*

3.09%

*Annualized

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DBA vs. DBC - Expense Ratio Comparison

DBA has a 0.94% expense ratio, which is higher than DBC's 0.85% expense ratio.


Expense ratio chart for DBA: current value is 0.94%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DBA: 0.94%
Expense ratio chart for DBC: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DBC: 0.85%

Risk-Adjusted Performance

DBA vs. DBC — Risk-Adjusted Performance Rank

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

DBA
The Risk-Adjusted Performance Rank of DBA is 5151
Overall Rank
The Sharpe Ratio Rank of DBA is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of DBA is 5656
Sortino Ratio Rank
The Omega Ratio Rank of DBA is 5252
Omega Ratio Rank
The Calmar Ratio Rank of DBA is 4141
Calmar Ratio Rank
The Martin Ratio Rank of DBA is 5151
Martin Ratio Rank

DBC
The Risk-Adjusted Performance Rank of DBC is 1111
Overall Rank
The Sharpe Ratio Rank of DBC is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of DBC is 1010
Sortino Ratio Rank
The Omega Ratio Rank of DBC is 1010
Omega Ratio Rank
The Calmar Ratio Rank of DBC is 1616
Calmar Ratio Rank
The Martin Ratio Rank of DBC is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DBA vs. DBC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and Invesco DB Commodity Index Tracking Fund (DBC). 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.


The chart of Sharpe ratio for DBA, currently valued at 0.47, compared to the broader market-1.000.001.002.003.004.00
DBA: 0.47
DBC: -0.26
The chart of Sortino ratio for DBA, currently valued at 0.76, compared to the broader market-2.000.002.004.006.008.00
DBA: 0.76
DBC: -0.27
The chart of Omega ratio for DBA, currently valued at 1.09, compared to the broader market0.501.001.502.002.50
DBA: 1.09
DBC: 0.97
The chart of Calmar ratio for DBA, currently valued at 0.20, compared to the broader market0.002.004.006.008.0010.0012.00
DBA: 0.20
DBC: -0.08
The chart of Martin ratio for DBA, currently valued at 1.34, compared to the broader market0.0020.0040.0060.00
DBA: 1.34
DBC: -0.74

The current DBA Sharpe Ratio is 0.47, which is higher than the DBC Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of DBA and DBC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.47
-0.26
DBA
DBC

Dividends

DBA vs. DBC - Dividend Comparison

DBA's dividend yield for the trailing twelve months is around 3.98%, less than DBC's 5.23% yield.


TTM2024202320222021202020192018
DBA
Invesco DB Agriculture Fund
3.98%4.08%4.63%0.48%0.00%0.00%1.55%1.06%
DBC
Invesco DB Commodity Index Tracking Fund
5.23%5.22%4.94%0.59%0.00%0.00%1.59%1.30%

Drawdowns

DBA vs. DBC - Drawdown Comparison

The maximum DBA drawdown since its inception was -67.97%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for DBA and DBC. For additional features, visit the drawdowns tool.


-50.00%-45.00%-40.00%-35.00%-30.00%-25.00%NovemberDecember2025FebruaryMarchApril
-27.45%
-46.64%
DBA
DBC

Volatility

DBA vs. DBC - Volatility Comparison

The current volatility for Invesco DB Agriculture Fund (DBA) is 6.80%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 8.01%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%NovemberDecember2025FebruaryMarchApril
6.80%
8.01%
DBA
DBC