TRMD vs. DBA
TRMD (TORM plc) is a stock, while DBA (Invesco DB Agriculture Fund) is Agricultural Commodities fund tracking the DBIQ Diversified Agriculture Index Excess Return. Over the past 5 years, TRMD returned 44.51%/yr vs 12.19%/yr for DBA. At a 0.08 correlation, their price movements are largely independent.
Performance
TRMD vs. DBA - Performance Comparison
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Returns By Period
In the year-to-date period, TRMD achieves a 58.13% return, which is significantly higher than DBA's 8.82% return.
TRMD
- 1D
- 5.06%
- 1M
- 1.83%
- 6M
- 37.79%
- YTD
- 58.13%
- 1Y
- 77.92%
- 3Y*
- 22.26%
- 5Y*
- 44.51%
- 10Y*
- —
DBA
- 1D
- 0.22%
- 1M
- 5.59%
- 6M
- 7.72%
- YTD
- 8.82%
- 1Y
- 11.65%
- 3Y*
- 13.55%
- 5Y*
- 12.19%
- 10Y*
- 4.14%
TRMD vs. DBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TRMD TORM plc | 58.13% | 11.21% | -23.37% | 31.64% | 297.66% | 12.91% | -25.94% | 84.18% | -22.59% |
DBA Invesco DB Agriculture Fund | 8.82% | -0.56% | 33.45% | 7.64% | 2.53% | 22.37% | -2.54% | -0.71% | -10.08% |
Correlation
The correlation between TRMD and DBA is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.08 |
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Return for Risk
TRMD vs. DBA — Risk / Return Rank
TRMD
DBA
TRMD vs. DBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TORM plc (TRMD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRMD | DBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.35 | +2.16 |
| Martin ratioReturn relative to average drawdown | 9.19 | 2.83 | +6.36 |
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Drawdowns
TRMD vs. DBA - Drawdown Comparison
The maximum TRMD drawdown since its inception was -60.59%, smaller than the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for TRMD and DBA.
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Drawdown Indicators
| TRMD | DBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.59% | -67.97% | +7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -23.53% | -8.67% | -14.86% |
Max Drawdown (3Y)Largest decline over 3 years | -60.59% | -12.36% | -48.23% |
Max Drawdown (5Y)Largest decline over 5 years | -60.59% | -15.94% | -44.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.97% | — |
Current DrawdownCurrent decline from peak | -13.49% | -23.39% | +9.90% |
Average DrawdownAverage peak-to-trough decline | -22.50% | -41.02% | +18.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.96% | 4.12% | +4.84% |
Volatility
TRMD vs. DBA - Volatility Comparison
TORM plc (TRMD) has a higher volatility of 13.04% compared to Invesco DB Agriculture Fund (DBA) at 3.88%. This indicates that TRMD'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
| TRMD | DBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 3.88% | +9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 29.13% | 7.43% | +21.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.27% | 10.83% | +27.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.26% | 13.86% | +32.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.70% | 13.06% | +46.64% |
Dividends
TRMD vs. DBA - Dividend Comparison
TRMD's dividend yield for the trailing twelve months is around 8.21%, more than DBA's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBA Invesco DB Agriculture Fund | 3.29% | 3.58% | 4.08% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% |
TRMD TORM plc | 8.21% | 10.32% | 30.13% | 23.05% | 6.99% | 0.00% | 14.89% | 0.00% | 0.00% |
Frequently Asked Questions
TRMD and DBA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRMD has higher volatility (13.04%) compared to DBA (3.88%). In terms of maximum drawdown, TRMD dropped -60.59% vs DBA's -67.97%.
TRMD currently has the higher Sharpe Ratio (2.16 vs 1.08), 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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