DBA vs. SOYB.L
Compare and contrast key facts about Invesco DB Agriculture Fund (DBA) and WisdomTree Soybeans (SOYB.L).
DBA and SOYB.L 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. SOYB.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Soybeans. It was launched on Sep 22, 2006. Both DBA and SOYB.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DBA vs. SOYB.L - Performance Comparison
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DBA vs. SOYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 7.05% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
SOYB.L WisdomTree Soybeans | 8.92% | 6.31% | -22.14% | 0.92% | 27.00% | 7.10% | 31.50% | -2.64% | -11.79% | -10.13% |
Returns By Period
In the year-to-date period, DBA achieves a 7.05% return, which is significantly lower than SOYB.L's 8.92% return. Over the past 10 years, DBA has outperformed SOYB.L with an annualized return of 4.49%, while SOYB.L has yielded a comparatively lower 3.20% annualized return.
DBA
- 1D
- 0.74%
- 1M
- 5.00%
- YTD
- 7.05%
- 6M
- 5.78%
- 1Y
- 7.46%
- 3Y*
- 14.68%
- 5Y*
- 12.86%
- 10Y*
- 4.49%
SOYB.L
- 1D
- -0.46%
- 1M
- 0.07%
- YTD
- 8.92%
- 6M
- 12.73%
- 1Y
- 12.77%
- 3Y*
- -2.64%
- 5Y*
- 2.82%
- 10Y*
- 3.20%
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DBA vs. SOYB.L - Expense Ratio Comparison
DBA has a 0.94% expense ratio, which is higher than SOYB.L's 0.49% expense ratio.
Return for Risk
DBA vs. SOYB.L — Risk / Return Rank
DBA
SOYB.L
DBA vs. SOYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and WisdomTree Soybeans (SOYB.L). 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.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.79 | -0.17 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.19 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.21 | -0.34 |
Martin ratioReturn relative to average drawdown | 1.63 | 2.85 | -1.23 |
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.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.79 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.14 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.17 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.25 | -0.17 |
Correlation
The correlation between DBA and SOYB.L is 0.36, 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.
Dividends
DBA vs. SOYB.L - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 3.34%, while SOYB.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.34% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
SOYB.L WisdomTree Soybeans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBA vs. SOYB.L - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, which is greater than SOYB.L's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for DBA and SOYB.L.
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Drawdown Indicators
| DBA | SOYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.97% | -50.99% | -16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -10.53% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.94% | -31.36% | +15.42% |
Max Drawdown (10Y)Largest decline over 10 years | -41.16% | -44.61% | +3.45% |
Current DrawdownCurrent decline from peak | -24.64% | -17.43% | -7.21% |
Average DrawdownAverage peak-to-trough decline | -41.26% | -21.97% | -19.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 4.48% | -0.22% |
Volatility
DBA vs. SOYB.L - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 2.55%, while WisdomTree Soybeans (SOYB.L) has a volatility of 6.06%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than SOYB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBA | SOYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 6.06% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 11.23% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 16.07% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 20.10% | -5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 18.79% | -5.66% |