DBA vs. LND
DBA (Invesco DB Agriculture Fund) is Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index TR, while LND (BrasilAgro - Companhia Brasileira de Propriedades Agrícolas) is a stock. Over the past 10 years, DBA returned 3.54%/yr vs 8.21%/yr for LND. At a 0.14 correlation, their price movements are largely independent.
Performance
DBA vs. LND - Performance Comparison
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Returns By Period
In the year-to-date period, DBA achieves a 5.25% return, which is significantly higher than LND's 4.47% return. Over the past 10 years, DBA has underperformed LND with an annualized return of 3.54%, while LND has yielded a comparatively higher 8.21% 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%
LND
- 1D
- -2.60%
- 1M
- -2.35%
- YTD
- 4.47%
- 6M
- 0.00%
- 1Y
- 0.94%
- 3Y*
- 0.32%
- 5Y*
- -2.63%
- 10Y*
- 8.21%
DBA vs. LND - 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% |
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 4.47% | 3.05% | -27.24% | 4.20% | 23.23% | 17.11% | 8.24% | 25.19% | 20.93% | 9.47% |
Correlation
The correlation between DBA and LND is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 16, 2012 | 0.14 |
The correlation between DBA and LND shifts across timeframes, from 0.06 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBA vs. LND — Risk / Return Rank
DBA
LND
DBA vs. LND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND). 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 | LND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.03 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.06 | +0.47 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.14 | +0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBA | LND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.04 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | -0.07 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.20 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.13 | -0.05 |
Drawdowns
DBA vs. LND - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, which is greater than LND's maximum drawdown of -53.59%. Use the drawdown chart below to compare losses from any high point for DBA and LND.
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Drawdown Indicators
| DBA | LND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.97% | -53.59% | -14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -14.87% | +6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -32.28% | +19.92% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -46.76% | +30.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.16% | -48.59% | +7.43% |
Current DrawdownCurrent decline from peak | -25.90% | -34.64% | +8.74% |
Average DrawdownAverage peak-to-trough decline | -41.11% | -21.73% | -19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 6.66% | -2.59% |
Volatility
DBA vs. LND - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 4.17%, while BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) has a volatility of 7.44%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than LND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBA | LND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 7.44% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 19.74% | -13.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 26.21% | -15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.10% | 36.89% | -22.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 40.78% | -27.69% |
Dividends
DBA vs. LND - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.40%, less than LND's 3.78% 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% |
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 3.78% | 3.95% | 7.44% | 12.40% | 18.07% | 8.86% | 2.54% | 4.67% | 4.75% | 1.93% | 4.78% | 11.78% |
Frequently Asked Questions
DBA and LND have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LND has higher volatility (7.44%) compared to DBA (4.17%). In terms of maximum drawdown, DBA dropped -67.97% vs LND's -53.59%.
DBA currently has the higher Sharpe Ratio (0.39 vs 0.04), 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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