DBA vs. ELIL
DBA (Invesco DB Agriculture Fund) and ELIL (Direxion Daily LLY Bull 2X Shares) are both exchange-traded funds - DBA is a Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index Excess Return, while ELIL is a Leveraged Equities fund actively managed by Direxion. DBA is passively managed, while ELIL is actively managed. Over the past year, DBA returned 11.03% vs 80.38% for ELIL. Their -0.02 correlation means they have often moved in opposite directions in the past. DBA charges 0.88%/yr vs 0.97%/yr for ELIL.
Performance
DBA vs. ELIL - 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 ELIL's 0.09% return.
DBA
- 1D
- 0.11%
- 1M
- 2.88%
- 6M
- 7.21%
- YTD
- 7.80%
- 1Y
- 11.03%
- 3Y*
- 12.21%
- 5Y*
- 10.82%
- 10Y*
- 4.57%
- ALL TIME*
- 1.46%
ELIL
- 1D
- -1.38%
- 1M
- -11.08%
- 6M
- 9.24%
- YTD
- 0.09%
- 1Y
- 80.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.27M | $23.75M | $33.82M | |
| $2.55M | $2.84M | $2.93M |
DBA vs. ELIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBA Invesco DB Agriculture Fund | 7.80% | -1.23% |
ELIL Direxion Daily LLY Bull 2X Shares | 0.09% | 36.32% |
Correlation
The correlation between DBA and ELIL is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | -0.02 |
The correlation between DBA and ELIL shifts across timeframes, from -0.16 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBA vs. ELIL — Risk / Return Rank
DBA
ELIL
DBA vs. ELIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and Direxion Daily LLY Bull 2X Shares (ELIL). 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 | ELIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.98 | -0.81 |
| Martin ratioReturn relative to average drawdown | 2.40 | 4.74 | -2.34 |
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Drawdowns
DBA vs. ELIL - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, which is greater than ELIL's maximum drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for DBA and ELIL.
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Drawdown Indicators
| DBA | ELIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.97% | -56.03% | -11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -46.28% | +37.61% |
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 | -35.64% | — | — |
Current DrawdownCurrent decline from peak | -24.11% | -14.46% | -9.65% |
Average DrawdownAverage peak-to-trough decline | -40.97% | -22.30% | -18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 19.25% | -15.06% |
Volatility
DBA vs. ELIL - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 4.72%, while Direxion Daily LLY Bull 2X Shares (ELIL) has a volatility of 17.72%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than ELIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBA | ELIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 17.72% | -13.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 54.55% | -46.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 76.19% | -65.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 81.08% | -67.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 81.08% | -68.03% |
DBA vs. ELIL - Expense Ratio Comparison
DBA has a 0.88% expense ratio, which is lower than ELIL's 0.97% expense ratio.
Dividends
DBA vs. ELIL - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.32%, less than ELIL's 11.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.32% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
ELIL Direxion Daily LLY Bull 2X Shares | 11.27% | 10.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBA and ELIL have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELIL has higher volatility (17.72%) compared to DBA (4.72%). In terms of maximum drawdown, DBA dropped -67.97% vs ELIL's -56.03%.
On 1-year performance, ELIL leads with 80.38% vs 11.03% for DBA. On fees, DBA is cheaper at 0.88% per year. On volatility, DBA has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ELIL has performed better with a 80.38% return vs 11.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBA is cheaper with a 0.88% expense ratio, compared with 0.97% for ELIL.
ELIL has the higher dividend yield at 11.27%, compared with 3.32% for DBA.
DBA is categorized as Agricultural Commodities, while ELIL is Leveraged Equities. They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.88% for DBA and 0.97% for ELIL.
ELIL currently has the higher Sharpe Ratio (1.20 vs 0.91), 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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