IXC vs. DBA
IXC (iShares Global Energy ETF) and DBA (Invesco DB Agriculture Fund) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while DBA is a Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index Excess Return. Both are passively managed. Over the past 10 years, IXC returned 8.83%/yr vs 4.14%/yr for DBA. At a 0.30 correlation, their price movements are largely independent. IXC charges 0.40%/yr vs 0.88%/yr for DBA.
Performance
IXC vs. DBA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IXC achieves a 23.35% return, which is significantly higher than DBA's 8.82% return. Over the past 10 years, IXC has outperformed DBA with an annualized return of 8.83%, while DBA has yielded a comparatively lower 4.14% annualized return.
IXC
- 1D
- 0.51%
- 1M
- -4.24%
- 6M
- 20.68%
- YTD
- 23.35%
- 1Y
- 29.02%
- 3Y*
- 14.69%
- 5Y*
- 18.91%
- 10Y*
- 8.83%
DBA
- 1D
- 0.22%
- 1M
- 5.59%
- 6M
- 7.72%
- YTD
- 8.82%
- 1Y
- 11.65%
- 3Y*
- 13.55%
- 5Y*
- 12.19%
- 10Y*
- 4.14%
IXC vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 23.35% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
DBA Invesco DB Agriculture Fund | 8.82% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
Correlation
The correlation between IXC and DBA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.30 |
The correlation between IXC and DBA shifts across timeframes, from 0.13 (3 years) to 0.30 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IXC vs. DBA — Risk / Return Rank
IXC
DBA
IXC vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IXC | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.35 | +0.60 |
| Martin ratioReturn relative to average drawdown | 6.26 | 2.83 | +3.43 |
Loading charts...
Drawdowns
IXC vs. DBA - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, roughly equal to the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for IXC and DBA.
Loading charts...
Drawdown Indicators
| IXC | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -67.97% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -8.67% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -12.36% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -15.94% | -8.99% |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | -37.97% | -26.19% |
Current DrawdownCurrent decline from peak | -11.22% | -23.39% | +12.17% |
Average DrawdownAverage peak-to-trough decline | -17.45% | -41.02% | +23.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 4.12% | +0.66% |
Volatility
IXC vs. DBA - Volatility Comparison
iShares Global Energy ETF (IXC) has a higher volatility of 6.59% compared to Invesco DB Agriculture Fund (DBA) at 3.88%. This indicates that IXC's price experiences larger fluctuations and is considered to be riskier than DBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IXC | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 3.88% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 7.43% | +8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 10.83% | +8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 13.86% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.81% | 13.06% | +13.75% |
IXC vs. DBA - Expense Ratio Comparison
IXC has a 0.40% expense ratio, which is lower than DBA's 0.88% expense ratio.
Dividends
IXC vs. DBA - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 3.08%, less than DBA's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.29% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% | 0.00% | 0.00% |
IXC iShares Global Energy ETF | 3.08% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
Frequently Asked Questions
IXC and DBA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXC has higher volatility (6.59%) compared to DBA (3.88%). In terms of maximum drawdown, IXC dropped -67.88% vs DBA's -67.97%.
On 10-year performance, IXC leads with 8.83% vs 4.14% for DBA. On fees, IXC is cheaper at 0.40% per year. On volatility, DBA has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IXC has performed better with a 8.83% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXC is cheaper with a 0.40% expense ratio, compared with 0.88% for DBA.
DBA has the higher dividend yield at 3.29%, compared with 3.08% for IXC.
IXC is categorized as Energy Equities, while DBA is Agricultural Commodities. IXC tracks S&P Global 1200 Energy Capped Index, while DBA tracks DBIQ Diversified Agriculture Index Excess Return. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IXC and 0.88% for DBA.
IXC currently has the higher Sharpe Ratio (1.56 vs 1.08), 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.
Find the right allocation for IXC and DBA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer