SOYB vs. DBA
SOYB (Teucrium Soybean Fund) and DBA (Invesco DB Agriculture Fund) are both Agricultural Commodities funds - SOYB tracks the Teucrium Soybean Fund Benchmark while DBA tracks the DBIQ Diversified Agriculture Index TR. Both are passively managed. Over the past 10 years, SOYB returned 1.86%/yr vs 3.54%/yr for DBA. A 0.52 correlation means they provide meaningful diversification when combined. SOYB charges 1.88%/yr vs 0.94%/yr for DBA.
Performance
SOYB vs. DBA - Performance Comparison
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Returns By Period
In the year-to-date period, SOYB achieves a 12.90% return, which is significantly higher than DBA's 5.25% return. Over the past 10 years, SOYB has underperformed DBA with an annualized return of 1.86%, while DBA has yielded a comparatively higher 3.54% annualized return.
SOYB
- 1D
- -1.00%
- 1M
- -2.14%
- YTD
- 12.90%
- 6M
- 6.01%
- 1Y
- 14.47%
- 3Y*
- -0.07%
- 5Y*
- 0.26%
- 10Y*
- 1.86%
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%
SOYB vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOYB Teucrium Soybean Fund | 12.90% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
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 SOYB and DBA is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.52 |
The correlation between SOYB and DBA shifts across timeframes, from 0.38 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOYB vs. DBA — Risk / Return Rank
SOYB
DBA
SOYB vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) 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.
| SOYB | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.53 | +1.12 |
| Martin ratioReturn relative to average drawdown | 4.06 | 1.04 | +3.02 |
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
| SOYB | DBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.39 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.71 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.27 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.08 | -0.08 |
Drawdowns
SOYB vs. DBA - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for SOYB and DBA.
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Drawdown Indicators
| SOYB | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -67.97% | +14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -7.99% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -12.36% | -18.65% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -15.94% | -15.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.28% | -41.16% | +2.88% |
Current DrawdownCurrent decline from peak | -15.80% | -25.90% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -41.11% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.07% | -0.50% |
Volatility
SOYB vs. DBA - Volatility Comparison
Teucrium Soybean Fund (SOYB) and Invesco DB Agriculture Fund (DBA) have volatilities of 4.05% and 4.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOYB | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 4.17% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 6.46% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 10.77% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 14.10% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 13.09% | +3.89% |
SOYB vs. DBA - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than DBA's 0.94% expense ratio.
Dividends
SOYB vs. DBA - Dividend Comparison
SOYB has not paid dividends to shareholders, while DBA's dividend yield for the trailing twelve months is around 3.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.40% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
SOYB Teucrium Soybean Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOYB and DBA have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBA has higher volatility (4.17%) compared to SOYB (4.05%). In terms of maximum drawdown, SOYB dropped -53.76% vs DBA's -67.97%.
On 10-year performance, DBA leads with 3.54% vs 1.86% for SOYB. On fees, DBA is cheaper at 0.94% per year. On volatility, SOYB has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBA has performed better with a 3.54% return vs 1.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBA is cheaper with a 0.94% expense ratio, compared with 1.88% for SOYB.
DBA has the higher dividend yield at 3.40%, compared with 0.00% for SOYB.
SOYB tracks Teucrium Soybean Fund Benchmark, while DBA tracks DBIQ Diversified Agriculture Index TR. They also come from different issuers: Teucrium and Invesco. Their fees differ too: 1.88% for SOYB and 0.94% for DBA.
SOYB currently has the higher Sharpe Ratio (1.11 vs 0.39), 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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