FTGC vs. DBA
Compare and contrast key facts about First Trust Global Tactical Commodity Strategy Fund (FTGC) and Invesco DB Agriculture Fund (DBA).
FTGC and DBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTGC is an actively managed fund by First Trust. It was launched on Oct 23, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTGC or DBA.
Key characteristics
| FTGC | DBA | |
|---|---|---|
| YTD Return | 6.33% | 22.37% |
| 1Y Return | 3.59% | 20.42% |
| 3Y Return (Ann) | 5.13% | 10.59% |
| 5Y Return (Ann) | 9.76% | 10.87% |
| 10Y Return (Ann) | 0.34% | 0.57% |
| Sharpe Ratio | 0.29 | 1.09 |
| Sortino Ratio | 0.49 | 1.56 |
| Omega Ratio | 1.06 | 1.20 |
| Calmar Ratio | 0.17 | 0.42 |
| Martin Ratio | 0.86 | 3.44 |
| Ulcer Index | 4.01% | 5.79% |
| Daily Std Dev | 11.88% | 18.28% |
| Max Drawdown | -59.47% | -67.97% |
| Current Drawdown | -13.91% | -35.08% |
Correlation
The correlation between FTGC and DBA is 0.60, 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
FTGC vs. DBA - Performance Comparison
In the year-to-date period, FTGC achieves a 6.33% return, which is significantly lower than DBA's 22.37% return. Over the past 10 years, FTGC has underperformed DBA with an annualized return of 0.34%, while DBA has yielded a comparatively higher 0.57% annualized 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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FTGC vs. DBA - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than DBA's 0.94% expense ratio.
Risk-Adjusted Performance
FTGC vs. DBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) and Invesco DB Agriculture Fund (DBA). 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
FTGC vs. DBA - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 3.25%, less than DBA's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 3.25% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
DBA Invesco DB Agriculture Fund | 3.78% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% |
Drawdowns
FTGC vs. DBA - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for FTGC and DBA. For additional features, visit the drawdowns tool.
Volatility
FTGC vs. DBA - Volatility Comparison
First Trust Global Tactical Commodity Strategy Fund (FTGC) and Invesco DB Agriculture Fund (DBA) have volatilities of 3.99% and 3.97%, 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.