DBA vs. SOXQ

Last updated Jun 4, 2026

DBA (Invesco DB Agriculture Fund) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - DBA is a Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index TR, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 3 years, DBA returned 13.20%/yr vs 59.40%/yr for SOXQ. At a 0.09 correlation, their price movements are largely independent. DBA charges 0.94%/yr vs 0.19%/yr for SOXQ.

Performance

DBA vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB Agriculture Fund (DBA) and Invesco PHLX Semiconductor ETF (SOXQ). 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 SOXQ's 96.72% 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%

SOXQ

• 1D: 1.42%
• 1M: 32.12%
• YTD: 96.72%
• 6M: 91.61%
• 1Y: 181.76%
• 3Y*: 59.40%
• 5Y*: —
• 10Y*: —

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

DBA vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DBA Invesco DB Agriculture Fund	5.25%	-0.56%	33.45%	7.64%	2.53%	3.73%
SOXQ Invesco PHLX Semiconductor ETF	96.72%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between DBA and SOXQ is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.09

DBA vs. SOXQ - Sectors Allocation Comparison

Sectors	DBA	SOXQ
Healthcare	16.8%	-
Industrials	15.2%	-
Financial Services	13.7%	0.0%
Consumer Cyclical	11.8%	-
Basic Materials	10.7%	-
Consumer Defensive	8.8%	-
Communication Services	7.4%	-
Technology	6.3%	100.0%
Energy	5.3%	-
Utilities	2.9%	-
Real Estate	1.1%	-

Return for Risk

DBA vs. SOXQ — 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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 95
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 97

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. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and Invesco PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	0.39	5.43	-5.03
Sortino ratio: Return per unit of downside risk	0.63	5.22	-4.59
Omega ratio: Gain probability vs. loss probability	1.07	1.72	-0.65
Calmar ratio: Return relative to maximum drawdown	0.53	11.73	-11.20
Martin ratio: Return relative to average drawdown	1.04	45.01	-43.97
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. SOXQ - Sharpe Ratio Comparison

The current DBA Sharpe Ratio is 0.39, which is lower than the SOXQ Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of DBA and SOXQ, 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	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	5.43	-5.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.98	-0.90

Drawdowns

DBA vs. SOXQ - Drawdown Comparison

The maximum DBA drawdown since its inception was -67.97%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for DBA and SOXQ.

Drawdown Indicators

	DBA	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-67.97%	-46.01%	-21.96%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-15.59%	+7.60%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-39.36%	+27.00%
Max Drawdown (5Y) Largest decline over 5 years	-15.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.16%	—	—
Current Drawdown Current decline from peak	-25.90%	0.00%	-25.90%
Average Drawdown Average peak-to-trough decline	-41.11%	-12.96%	-28.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	4.06%	+0.01%

Volatility

DBA vs. SOXQ - Volatility Comparison

The current volatility for Invesco DB Agriculture Fund (DBA) is 4.17%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 13.44%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBA	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	13.44%	-9.27%
Volatility (6M) Calculated over the trailing 6-month period	6.46%	26.70%	-20.24%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	33.78%	-23.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	36.38%	-22.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.09%	36.38%	-23.29%

DBA vs. SOXQ - Expense Ratio Comparison

DBA has a 0.94% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

DBA vs. SOXQ - Dividend Comparison

DBA's dividend yield for the trailing twelve months is around 3.40%, more than SOXQ's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DBA Invesco DB Agriculture Fund	3.40%	3.58%	4.08%	4.63%	0.48%	0.00%	0.00%	1.55%	1.06%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBA and SOXQ in my portfolio?

DBA and SOXQ have a correlation of 0.03, 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 SOXQ?

SOXQ has higher volatility (13.44%) compared to DBA (4.17%). In terms of maximum drawdown, DBA dropped -67.97% vs SOXQ's -46.01%.

Which ETF is better, DBA or SOXQ?

On 3-year performance, SOXQ leads with 59.40% vs 13.20% for DBA. On fees, SOXQ is cheaper at 0.19% per year. On volatility, DBA has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBA or SOXQ?

Over the 3-year period, SOXQ has performed better with a 59.40% return vs 13.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBA or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.94% for DBA.

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

DBA has the higher dividend yield at 3.40%, compared with 0.26% for SOXQ.

What is the main difference between DBA and SOXQ?

DBA is categorized as Agricultural Commodities, while SOXQ is Semiconductors. DBA tracks DBIQ Diversified Agriculture Index TR, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.94% for DBA and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (5.43 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.