LND vs. DBA
LND (BrasilAgro - Companhia Brasileira de Propriedades Agrícolas) is a stock, while DBA (Invesco DB Agriculture Fund) is Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index TR. Over the past 10 years, LND returned 8.21%/yr vs 3.54%/yr for DBA. At a 0.14 correlation, their price movements are largely independent.
Performance
LND vs. DBA - Performance Comparison
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Returns By Period
In the year-to-date period, LND achieves a 4.47% return, which is significantly lower than DBA's 5.25% return. Over the past 10 years, LND has outperformed DBA with an annualized return of 8.21%, while DBA has yielded a comparatively lower 3.54% annualized return.
LND
- 1D
- -2.60%
- 1M
- -2.35%
- YTD
- 4.47%
- 6M
- 0.00%
- 1Y
- 0.94%
- 3Y*
- 0.32%
- 5Y*
- -2.63%
- 10Y*
- 8.21%
DBA
- 1D
- -0.96%
- 1M
- -5.05%
- YTD
- 5.25%
- 6M
- 5.49%
- 1Y
- 4.23%
- 3Y*
- 13.20%
- 5Y*
- 9.87%
- 10Y*
- 3.54%
LND vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 4.47% | 3.05% | -27.24% | 4.20% | 23.23% | 17.11% | 8.24% | 25.19% | 20.93% | 9.47% |
DBA Invesco DB Agriculture Fund | 5.25% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -8.74% | -6.06% |
Correlation
The correlation between LND and DBA is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 16, 2012 | 0.14 |
The correlation between LND and DBA shifts across timeframes, from 0.06 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LND vs. DBA — Risk / Return Rank
LND
DBA
LND vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) 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.
| LND | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.53 | -0.47 |
| Martin ratioReturn relative to average drawdown | 0.14 | 1.04 | -0.90 |
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
| LND | DBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.39 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.71 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.27 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.08 | +0.05 |
Drawdowns
LND vs. DBA - Drawdown Comparison
The maximum LND drawdown since its inception was -53.59%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for LND and DBA.
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Drawdown Indicators
| LND | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -67.97% | +14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.87% | -7.99% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -12.36% | -19.92% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | -15.94% | -30.82% |
Max Drawdown (10Y)Largest decline over 10 years | -48.59% | -41.16% | -7.43% |
Current DrawdownCurrent decline from peak | -34.64% | -25.90% | -8.74% |
Average DrawdownAverage peak-to-trough decline | -21.73% | -41.11% | +19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 4.07% | +2.59% |
Volatility
LND vs. DBA - Volatility Comparison
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) has a higher volatility of 7.44% compared to Invesco DB Agriculture Fund (DBA) at 4.17%. This indicates that LND'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.
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Volatility by Period
| LND | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 4.17% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 6.46% | +13.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.21% | 10.77% | +15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.89% | 14.10% | +22.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.78% | 13.09% | +27.69% |
Dividends
LND vs. DBA - Dividend Comparison
LND's dividend yield for the trailing twelve months is around 3.78%, more than DBA's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.40% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% | 0.00% | 0.00% |
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 3.78% | 3.95% | 7.44% | 12.40% | 18.07% | 8.86% | 2.54% | 4.67% | 4.75% | 1.93% | 4.78% | 11.78% |
Frequently Asked Questions
LND and DBA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LND has higher volatility (7.44%) compared to DBA (4.17%). In terms of maximum drawdown, LND dropped -53.59% vs DBA's -67.97%.
DBA currently has the higher Sharpe Ratio (0.39 vs 0.04), 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.
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