DBA vs. FTAG

Last updated Jun 4, 2026

DBA (Invesco DB Agriculture Fund) and FTAG (First Trust Indxx Global Agriculture ETF) are both exchange-traded funds - DBA is a Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index TR, while FTAG is a Large Cap Blend Equities fund tracking the Indxx Global Agriculture Index. Both are passively managed. Over the past 10 years, DBA returned 3.54%/yr vs 5.24%/yr for FTAG. At a 0.25 correlation, their price movements are largely independent. DBA charges 0.94%/yr vs 0.70%/yr for FTAG.

Performance

DBA vs. FTAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Agriculture Fund (DBA) and First Trust Indxx Global Agriculture ETF (FTAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBA achieves a 5.25% return, which is significantly lower than FTAG's 10.75% return. Over the past 10 years, DBA has underperformed FTAG with an annualized return of 3.54%, while FTAG has yielded a comparatively higher 5.24% annualized return.

DBA

• 1D: -0.96%
• 1M: -5.05%
• YTD: 5.25%
• 6M: 5.49%
• 1Y: 4.23%
• 3Y*: 13.20%
• 5Y*: 9.87%
• 10Y*: 3.54%

FTAG

• 1D: 0.23%
• 1M: -2.29%
• YTD: 10.75%
• 6M: 12.16%
• 1Y: 14.00%
• 3Y*: 5.07%
• 5Y*: 0.66%
• 10Y*: 5.24%

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

DBA vs. FTAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBA Invesco DB Agriculture Fund	5.25%	-0.56%	33.45%	7.64%	2.53%	22.37%	-2.54%	-0.71%	-8.74%	-6.06%
FTAG First Trust Indxx Global Agriculture ETF	10.75%	14.82%	-6.72%	-7.28%	-4.52%	17.31%	13.88%	9.05%	-19.46%	24.88%

Correlation

The correlation between DBA and FTAG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 15, 2010	0.25

DBA vs. FTAG - Sectors Allocation Comparison

Sectors	DBA	FTAG
Healthcare	16.8%	7.8%
Industrials	15.2%	24.1%
Financial Services	13.7%	-
Consumer Cyclical	11.8%	4.2%
Basic Materials	10.7%	55.5%
Consumer Defensive	8.8%	8.4%
Communication Services	7.4%	-
Technology	6.3%	-
Energy	5.3%	-
Utilities	2.9%	-
Real Estate	1.1%	-

Return for Risk

DBA vs. FTAG — Risk / Return Rank

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

DBA

DBA Risk / Return Rank: 14
DBA Sharpe Ratio Rank: 14
DBA Sortino Ratio Rank: 13
DBA Omega Ratio Rank: 13
DBA Calmar Ratio Rank: 15
DBA Martin Ratio Rank: 14

FTAG

FTAG Risk / Return Rank: 28
FTAG Sharpe Ratio Rank: 28
FTAG Sortino Ratio Rank: 27
FTAG Omega Ratio Rank: 26
FTAG Calmar Ratio Rank: 31
FTAG Martin Ratio Rank: 27

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. FTAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and First Trust Indxx Global Agriculture ETF (FTAG). 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	FTAG	Difference
Sharpe ratio: Return per unit of total volatility	0.39	1.01	-0.62
Sortino ratio: Return per unit of downside risk	0.63	1.52	-0.90
Omega ratio: Gain probability vs. loss probability	1.07	1.18	-0.11
Calmar ratio: Return relative to maximum drawdown	0.53	1.52	-0.99
Martin ratio: Return relative to average drawdown	1.04	3.75	-2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBA vs. FTAG - Sharpe Ratio Comparison

The current DBA Sharpe Ratio is 0.39, which is lower than the FTAG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of DBA and FTAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBA	FTAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	1.01	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.04	+0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.27	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.33	+0.41

Drawdowns

DBA vs. FTAG - Drawdown Comparison

The maximum DBA drawdown since its inception was -67.97%, smaller than the maximum FTAG drawdown of -90.89%. Use the drawdown chart below to compare losses from any high point for DBA and FTAG.

Drawdown Indicators

	DBA	FTAG	Difference
Max Drawdown Largest peak-to-trough decline	-67.97%	-90.89%	+22.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-9.25%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-21.87%	+9.51%
Max Drawdown (5Y) Largest decline over 5 years	-15.94%	-32.77%	+16.83%
Max Drawdown (10Y) Largest decline over 10 years	-41.16%	-50.79%	+9.63%
Current Drawdown Current decline from peak	-25.90%	-78.58%	+52.68%
Average Drawdown Average peak-to-trough decline	-41.11%	-71.24%	+30.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	3.74%	+0.33%

Volatility

DBA vs. FTAG - Volatility Comparison

Invesco DB Agriculture Fund (DBA) has a higher volatility of 4.17% compared to First Trust Indxx Global Agriculture ETF (FTAG) at 3.47%. This indicates that DBA's price experiences larger fluctuations and is considered to be riskier than FTAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBA	FTAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	3.47%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	6.46%	10.53%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	13.93%	-3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	17.38%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.09%	19.66%	-6.57%

DBA vs. FTAG - Expense Ratio Comparison

DBA has a 0.94% expense ratio, which is higher than FTAG's 0.70% expense ratio.

Dividends

DBA vs. FTAG - Dividend Comparison

DBA's dividend yield for the trailing twelve months is around 3.40%, more than FTAG's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBA Invesco DB Agriculture Fund	3.40%	3.58%	4.08%	4.63%	0.48%	0.00%	0.00%	1.55%	1.06%	0.00%	0.00%	0.00%
FTAG First Trust Indxx Global Agriculture ETF	1.37%	1.39%	2.89%	3.68%	1.77%	1.58%	1.72%	2.33%	2.16%	1.26%	0.61%	1.35%

Frequently Asked Questions

Can I hold both DBA and FTAG in my portfolio?

DBA and FTAG have a correlation of 0.21, 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 FTAG?

DBA has higher volatility (4.17%) compared to FTAG (3.47%). In terms of maximum drawdown, DBA dropped -67.97% vs FTAG's -90.89%.

Which ETF is better, DBA or FTAG?

On 10-year performance, FTAG leads with 5.24% vs 3.54% for DBA. On fees, FTAG is cheaper at 0.70% per year. On volatility, FTAG has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBA or FTAG?

Over the 10-year period, FTAG has performed better with a 5.24% return vs 3.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBA or FTAG?

FTAG is cheaper with a 0.70% expense ratio, compared with 0.94% for DBA.

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

DBA has the higher dividend yield at 3.40%, compared with 1.37% for FTAG.

What is the main difference between DBA and FTAG?

DBA is categorized as Agricultural Commodities, while FTAG is Large Cap Blend Equities. DBA tracks DBIQ Diversified Agriculture Index TR, while FTAG tracks Indxx Global Agriculture Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.94% for DBA and 0.70% for FTAG.

Which has better risk-adjusted returns?

FTAG currently has the higher Sharpe Ratio (1.01 vs 0.39), 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.