MFSB vs. DBA
MFSB (MFS Active Core Plus Bond ETF) and DBA (Invesco DB Agriculture Fund) are both exchange-traded funds - MFSB is a Intermediate Core-Plus Bond fund actively managed by MFS, while DBA is a Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index TR. MFSB is actively managed, while DBA is passively managed. Over the past year, MFSB returned 6.16% vs 2.80% for DBA. At a correlation of -0.03, they often move in opposite directions. MFSB charges 0.34%/yr vs 0.94%/yr for DBA.
Performance
MFSB vs. DBA - Performance Comparison
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Returns By Period
In the year-to-date period, MFSB achieves a 0.56% return, which is significantly lower than DBA's 4.58% return.
MFSB
- 1D
- -0.26%
- 1M
- 0.38%
- YTD
- 0.56%
- 6M
- 0.61%
- 1Y
- 6.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBA
- 1D
- -0.63%
- 1M
- -5.92%
- YTD
- 4.58%
- 6M
- 4.51%
- 1Y
- 2.80%
- 3Y*
- 13.02%
- 5Y*
- 9.73%
- 10Y*
- 3.35%
MFSB vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MFSB MFS Active Core Plus Bond ETF | 0.56% | 7.40% | -1.50% |
DBA Invesco DB Agriculture Fund | 4.58% | -0.56% | 2.51% |
Correlation
The correlation between MFSB and DBA is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2024 | -0.03 |
The correlation between MFSB and DBA shifts across timeframes, from -0.15 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MFSB vs. DBA — Risk / Return Rank
MFSB
DBA
MFSB vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Active Core Plus Bond ETF (MFSB) 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.
| MFSB | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.05 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.35 | +1.93 |
| Martin ratioReturn relative to average drawdown | 7.17 | 0.69 | +6.48 |
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
| MFSB | DBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 0.26 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.08 | +0.94 |
Drawdowns
MFSB vs. DBA - Drawdown Comparison
The maximum MFSB drawdown since its inception was -3.19%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for MFSB and DBA.
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Drawdown Indicators
| MFSB | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.19% | -67.97% | +64.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -7.99% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.16% | — |
Current DrawdownCurrent decline from peak | -1.26% | -26.37% | +25.11% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -41.10% | +40.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 4.09% | -3.23% |
Volatility
MFSB vs. DBA - Volatility Comparison
The current volatility for MFS Active Core Plus Bond ETF (MFSB) is 1.33%, while Invesco DB Agriculture Fund (DBA) has a volatility of 4.15%. This indicates that MFSB 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.
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Volatility by Period
| MFSB | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 4.15% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 6.48% | -3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 10.78% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.23% | 14.08% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 13.09% | -8.86% |
MFSB vs. DBA - Expense Ratio Comparison
MFSB has a 0.34% expense ratio, which is lower than DBA's 0.94% expense ratio.
Dividends
MFSB vs. DBA - Dividend Comparison
MFSB's dividend yield for the trailing twelve months is around 4.59%, more than DBA's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.42% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
MFSB MFS Active Core Plus Bond ETF | 4.59% | 4.58% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MFSB and DBA have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBA has higher volatility (4.15%) compared to MFSB (1.33%). In terms of maximum drawdown, MFSB dropped -3.19% vs DBA's -67.97%.
On 1-year performance, MFSB leads with 6.16% vs 2.80% for DBA. On fees, MFSB is cheaper at 0.34% per year. On volatility, MFSB has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MFSB has performed better with a 6.16% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MFSB is cheaper with a 0.34% expense ratio, compared with 0.94% for DBA.
MFSB has the higher dividend yield at 4.59%, compared with 3.42% for DBA.
MFSB is categorized as Intermediate Core-Plus Bond, while DBA is Agricultural Commodities. They also come from different issuers: MFS and Invesco. Their fees differ too: 0.34% for MFSB and 0.94% for DBA.
MFSB currently has the higher Sharpe Ratio (1.70 vs 0.26), 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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