DBA vs. LAND
Compare and contrast key facts about Invesco DB Agriculture Fund (DBA) and Gladstone Land Corporation (LAND).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBA or LAND.
Key characteristics
| DBA | LAND | |
|---|---|---|
| YTD Return | 23.38% | -11.60% |
| 1Y Return | 19.68% | -8.77% |
| 3Y Return (Ann) | 10.88% | -20.51% |
| 5Y Return (Ann) | 11.06% | 3.63% |
| 10Y Return (Ann) | 0.65% | 5.41% |
| Sharpe Ratio | 1.17 | -0.29 |
| Sortino Ratio | 1.66 | -0.26 |
| Omega Ratio | 1.21 | 0.97 |
| Calmar Ratio | 0.45 | -0.10 |
| Martin Ratio | 3.70 | -0.82 |
| Ulcer Index | 5.79% | 8.58% |
| Daily Std Dev | 18.26% | 24.14% |
| Max Drawdown | -67.97% | -68.33% |
| Current Drawdown | -34.54% | -67.72% |
Correlation
The correlation between DBA and LAND is 0.07, 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.
Performance
DBA vs. LAND - Performance Comparison
In the year-to-date period, DBA achieves a 23.38% return, which is significantly higher than LAND's -11.60% return. Over the past 10 years, DBA has underperformed LAND with an annualized return of 0.65%, while LAND has yielded a comparatively higher 5.41% 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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Risk-Adjusted Performance
DBA vs. LAND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and Gladstone Land Corporation (LAND). 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. LAND - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.75%, less than LAND's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.75% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LAND Gladstone Land Corporation | 4.55% | 3.82% | 2.98% | 1.60% | 3.69% | 4.12% | 4.60% | 3.91% | 4.40% | 5.38% | 3.36% | 9.20% |
Drawdowns
DBA vs. LAND - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, roughly equal to the maximum LAND drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for DBA and LAND. For additional features, visit the drawdowns tool.
Volatility
DBA vs. LAND - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 4.04%, while Gladstone Land Corporation (LAND) has a volatility of 6.71%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than LAND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.