DBA vs. FTGC
Compare and contrast key facts about Invesco DB Agriculture Fund (DBA) and First Trust Global Tactical Commodity Strategy Fund (FTGC).
DBA and FTGC 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. FTGC is an actively managed fund by First Trust. It was launched on Oct 23, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBA or FTGC.
Key characteristics
| DBA | FTGC | |
|---|---|---|
| YTD Return | 22.18% | 7.83% |
| 1Y Return | 17.98% | 2.03% |
| 3Y Return (Ann) | 11.43% | 6.00% |
| 5Y Return (Ann) | 11.00% | 9.94% |
| 10Y Return (Ann) | 0.74% | 0.49% |
| Sharpe Ratio | 1.01 | 0.20 |
| Sortino Ratio | 1.45 | 0.36 |
| Omega Ratio | 1.19 | 1.04 |
| Calmar Ratio | 0.38 | 0.12 |
| Martin Ratio | 3.17 | 0.57 |
| Ulcer Index | 5.77% | 4.22% |
| Daily Std Dev | 18.14% | 11.81% |
| Max Drawdown | -67.97% | -59.47% |
| Current Drawdown | -35.18% | -12.69% |
Correlation
The correlation between DBA and FTGC is 0.60, 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. FTGC - Performance Comparison
In the year-to-date period, DBA achieves a 22.18% return, which is significantly higher than FTGC's 7.83% return. Over the past 10 years, DBA has outperformed FTGC with an annualized return of 0.74%, while FTGC has yielded a comparatively lower 0.49% annualized 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. FTGC - Expense Ratio Comparison
DBA has a 0.94% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Risk-Adjusted Performance
DBA vs. FTGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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. FTGC - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.79%, more than FTGC's 3.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.79% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 3.21% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Drawdowns
DBA vs. FTGC - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, which is greater than FTGC's maximum drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for DBA and FTGC. For additional features, visit the drawdowns tool.
Volatility
DBA vs. FTGC - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 3.41%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 3.96%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.