SOYB.L vs. DBA
Compare and contrast key facts about WisdomTree Soybeans (SOYB.L) and Invesco DB Agriculture Fund (DBA).
SOYB.L and DBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOYB.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Soybeans. It was launched on Sep 22, 2006. 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 SOYB.L 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: SOYB.L or DBA.
Key characteristics
| SOYB.L | DBA | |
|---|---|---|
| YTD Return | -22.07% | 24.83% |
| 1Y Return | -26.64% | 21.46% |
| 3Y Return (Ann) | 2.04% | 11.09% |
| 5Y Return (Ann) | 7.48% | 11.40% |
| 10Y Return (Ann) | 0.46% | 0.81% |
| Sharpe Ratio | -1.62 | 1.19 |
| Sortino Ratio | -2.30 | 1.68 |
| Omega Ratio | 0.75 | 1.22 |
| Calmar Ratio | -0.84 | 0.46 |
| Martin Ratio | -1.43 | 3.74 |
| Ulcer Index | 17.88% | 5.79% |
| Daily Std Dev | 15.84% | 18.21% |
| Max Drawdown | -50.99% | -67.97% |
| Current Drawdown | -28.63% | -33.77% |
Correlation
The correlation between SOYB.L and DBA is 0.37, 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
SOYB.L vs. DBA - Performance Comparison
In the year-to-date period, SOYB.L achieves a -22.07% return, which is significantly lower than DBA's 24.83% return. Over the past 10 years, SOYB.L has underperformed DBA with an annualized return of 0.46%, while DBA has yielded a comparatively higher 0.81% 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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SOYB.L vs. DBA - Expense Ratio Comparison
SOYB.L has a 0.49% expense ratio, which is lower than DBA's 0.94% expense ratio.
Risk-Adjusted Performance
SOYB.L vs. DBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Soybeans (SOYB.L) 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
SOYB.L vs. DBA - Dividend Comparison
SOYB.L has not paid dividends to shareholders, while DBA's dividend yield for the trailing twelve months is around 3.71%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SOYB.L WisdomTree Soybeans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBA Invesco DB Agriculture Fund | 3.71% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
Drawdowns
SOYB.L vs. DBA - Drawdown Comparison
The maximum SOYB.L drawdown since its inception was -50.99%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for SOYB.L and DBA. For additional features, visit the drawdowns tool.
Volatility
SOYB.L vs. DBA - Volatility Comparison
The current volatility for WisdomTree Soybeans (SOYB.L) is 3.66%, while Invesco DB Agriculture Fund (DBA) has a volatility of 3.95%. This indicates that SOYB.L 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.