KROP vs. DBA
Compare and contrast key facts about Global X AgTech & Food Innovation ETF (KROP) and Invesco DB Agriculture Fund (DBA).
KROP and DBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KROP is a passively managed fund by Global X that tracks the performance of the Solactive AgTech & Food Innovation Index. It was launched on Jul 12, 2021. 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. Both KROP and DBA 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: KROP or DBA.
Key characteristics
| KROP | DBA | |
|---|---|---|
| YTD Return | -0.09% | 25.55% |
| 1Y Return | -21.97% | 29.80% |
| Sharpe Ratio | -1.06 | 2.09 |
| Daily Std Dev | 20.07% | 14.10% |
| Max Drawdown | -59.75% | -67.97% |
| Current Drawdown | -55.58% | -33.39% |
Correlation
The correlation between KROP and DBA is 0.21, 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.
Performance
KROP vs. DBA - Performance Comparison
In the year-to-date period, KROP achieves a -0.09% return, which is significantly lower than DBA's 25.55% 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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KROP vs. DBA - Expense Ratio Comparison
KROP has a 0.50% expense ratio, which is lower than DBA's 0.94% expense ratio.
Risk-Adjusted Performance
KROP vs. DBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X AgTech & Food Innovation ETF (KROP) 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
KROP vs. DBA - Dividend Comparison
KROP's dividend yield for the trailing twelve months is around 1.36%, less than DBA's 3.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KROP Global X AgTech & Food Innovation ETF | 1.36% | 1.36% | 0.71% | 0.69% | 0.00% | 0.00% | 0.00% |
DBA Invesco DB Agriculture Fund | 3.69% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
Drawdowns
KROP vs. DBA - Drawdown Comparison
The maximum KROP drawdown since its inception was -59.75%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for KROP and DBA. For additional features, visit the drawdowns tool.
Volatility
KROP vs. DBA - Volatility Comparison
The current volatility for Global X AgTech & Food Innovation ETF (KROP) is 4.01%, while Invesco DB Agriculture Fund (DBA) has a volatility of 5.86%. This indicates that KROP experiences smaller price fluctuations and is considered to be less risky than DBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.