DBA vs. DJCB
Compare and contrast key facts about Invesco DB Agriculture Fund (DBA) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB).
DBA and DJCB 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. DJCB is a passively managed fund by UBS that tracks the performance of the Bloomberg Commodity Index. It was launched on Oct 24, 2019. Both DBA and DJCB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBA or DJCB.
Key characteristics
| DBA | DJCB | |
|---|---|---|
| YTD Return | 14.27% | 6.80% |
| 1Y Return | 17.52% | 6.00% |
| 3Y Return (Ann) | 10.73% | 6.98% |
| Sharpe Ratio | 1.17 | 0.42 |
| Daily Std Dev | 16.25% | 17.96% |
| Max Drawdown | -67.97% | -34.00% |
| Current Drawdown | -39.38% | -19.39% |
Correlation
The correlation between DBA and DJCB is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DBA vs. DJCB - Performance Comparison
In the year-to-date period, DBA achieves a 14.27% return, which is significantly higher than DJCB's 6.80% 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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DBA vs. DJCB - Expense Ratio Comparison
DBA has a 0.94% expense ratio, which is higher than DJCB's 0.50% expense ratio.
Risk-Adjusted Performance
DBA vs. DJCB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB Agriculture Fund (DBA) and ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB). 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. DJCB - Dividend Comparison
DBA's dividend yield for the trailing twelve months is around 4.05%, while DJCB has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 4.05% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBA vs. DJCB - Drawdown Comparison
The maximum DBA drawdown since its inception was -67.97%, which is greater than DJCB's maximum drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for DBA and DJCB. For additional features, visit the drawdowns tool.
Volatility
DBA vs. DJCB - Volatility Comparison
The current volatility for Invesco DB Agriculture Fund (DBA) is 9.98%, while ETRACS Bloomberg Commodity Index Total Return ETN Series B (DJCB) has a volatility of 12.26%. This indicates that DBA experiences smaller price fluctuations and is considered to be less risky than DJCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.