DBA vs. SOYB
DBA (Invesco DB Agriculture Fund) and SOYB (Teucrium Soybean Fund) are both Agricultural Commodities funds - DBA tracks the DBIQ Diversified Agriculture Index TR while SOYB tracks the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, DBA returned 3.54%/yr vs 1.86%/yr for SOYB. A 0.52 correlation means they provide meaningful diversification when combined. DBA charges 0.94%/yr vs 1.88%/yr for SOYB.
Performance
DBA vs. SOYB - Performance Comparison
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Returns By Period
In the year-to-date period, DBA achieves a 5.25% return, which is significantly lower than SOYB's 12.90% return. Over the past 10 years, DBA has outperformed SOYB with an annualized return of 3.54%, while SOYB has yielded a comparatively lower 1.86% 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%
SOYB
- 1D
- -1.00%
- 1M
- -2.14%
- YTD
- 12.90%
- 6M
- 6.01%
- 1Y
- 14.47%
- 3Y*
- -0.07%
- 5Y*
- 0.26%
- 10Y*
- 1.86%
DBA vs. SOYB - 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% |
SOYB Teucrium Soybean Fund | 12.90% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
Correlation
The correlation between DBA and SOYB is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.52 |
The correlation between DBA and SOYB shifts across timeframes, from 0.38 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBA vs. SOYB — Risk / Return Rank
DBA
SOYB
DBA vs. SOYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and Teucrium Soybean Fund (SOYB). 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 | SOYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.65 | -1.12 |
| Martin ratioReturn relative to average drawdown | 1.04 | 4.06 | -3.02 |
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 | SOYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 1.11 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.01 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.11 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.00 | +0.08 |
Drawdowns
DBA vs. SOYB - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, which is greater than SOYB's maximum drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for DBA and SOYB.
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Drawdown Indicators
| DBA | SOYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.97% | -53.76% | -14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -8.78% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -31.01% | +18.65% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -31.01% | +15.07% |
Max Drawdown (10Y)Largest decline over 10 years | -41.16% | -38.28% | -2.88% |
Current DrawdownCurrent decline from peak | -25.90% | -15.80% | -10.10% |
Average DrawdownAverage peak-to-trough decline | -41.11% | -25.76% | -15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 3.57% | +0.50% |
Volatility
DBA vs. SOYB - Volatility Comparison
Invesco DB Agriculture Fund (DBA) and Teucrium Soybean Fund (SOYB) have volatilities of 4.17% and 4.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBA | SOYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.05% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 8.94% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 13.06% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.10% | 18.00% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 16.98% | -3.89% |
DBA vs. SOYB - Expense Ratio Comparison
DBA has a 0.94% expense ratio, which is lower than SOYB's 1.88% expense ratio.
Dividends
DBA vs. SOYB - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.40%, while SOYB has not paid dividends to shareholders.
| 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% |
SOYB Teucrium Soybean Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBA and SOYB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBA has higher volatility (4.17%) compared to SOYB (4.05%). In terms of maximum drawdown, DBA dropped -67.97% vs SOYB's -53.76%.
On 10-year performance, DBA leads with 3.54% vs 1.86% for SOYB. On fees, DBA is cheaper at 0.94% per year. On volatility, SOYB has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBA has performed better with a 3.54% return vs 1.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBA is cheaper with a 0.94% expense ratio, compared with 1.88% for SOYB.
DBA has the higher dividend yield at 3.40%, compared with 0.00% for SOYB.
DBA tracks DBIQ Diversified Agriculture Index TR, while SOYB tracks Teucrium Soybean Fund Benchmark. They also come from different issuers: Invesco and Teucrium. Their fees differ too: 0.94% for DBA and 1.88% for SOYB.
SOYB currently has the higher Sharpe Ratio (1.11 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.
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