DBA — Invesco DB Agriculture Fund
Commodities Ranked #369 of 458 tracked ETFs · Issued by Invesco
DBA Price Performance — Growth of $10,000
Value of a $10,000 investment in DBA over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
DBA Drawdown
The "underwater" chart: DBA's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in DBA?
See what a lump sum in DBA would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Invesco DB Agriculture Fund (DBA) operates within the Commodities category, which ETFValuer currently tracks with 22 distinct funds. Issued by Invesco, the fund manages $1.15 billion in assets and trades at a price of $27.84 per share. It holds an overall rank of #369 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 51.9 out of 100. Investors in this fund face an expense ratio of 0.85% while receiving a dividend yield of 3.30%. The combination of a mid-tier rank and a moderate asset base suggests a specific level of investor adoption relative to the broader market. This profile positions the fund as a specialized commodity exposure vehicle with a cost structure that reflects its active management approach.
Over the most recent trading day, the fund posted a gain of +0.80% before retreating to a -1.10% loss over the one-week period. Monthly performance showed a recovery with a +3.88% return, followed by a modest +0.98% gain over the three-month horizon. The six-month trajectory accelerated significantly to an +8.07% return, contributing to a year-to-date total of +8.92%. Annual returns further strengthened to +10.60% over the last year, while the three-year cumulative return reached +44.08%. This sequence indicates a pattern where short-term volatility was followed by sustained growth over longer holding periods. The data shows a clear divergence between the recent weekly dip and the robust multi-year appreciation.
The fund carries a Low volatility label and a beta of 0.33, indicating that its price movements are generally less sensitive to broader market fluctuations. A Sharpe ratio of 0.50 suggests that the risk-adjusted returns generated have been moderate relative to the volatility experienced. During market downturns, the fund experienced a maximum drawdown of -12.36%, which represents the largest peak-to-trough decline recorded. This combination of low beta and limited drawdown implies a defensive behavior that may cushion losses during periods of market stress. However, the moderate Sharpe ratio indicates that the returns achieved did not fully compensate for the risks taken over the measured period.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What DBA's Fees Cost You
DBA charges an expense ratio of 0.85% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
DBA Dividend Income Estimator
DBA currently yields 3.30%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
DBA Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is — and average daily volume is 1.3M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.15B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: DBA is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
DBA Performance History
| Period | Return |
|---|---|
| 1-Day | +0.80% |
| 1-Week | -1.10% |
| 1-Month | +3.88% |
| 3-Month | +0.98% |
| 6-Month | +8.07% |
| YTD | +8.92% |
| 1-Year | +10.60% |
| 3-Year | +44.08% |
How DBA Compares to Other Commodities ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #78 | B |
BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | +30.50% | 0.26% | $2.28B |
| #126 | B |
PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | +34.06% | 0.59% | $5.33B |
| #158 | B |
DJP | iPath Bloomberg Commodity Index Total Return(SM) ETN | +34.58% | 0.7% | $850M |
| #171 | B |
COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | +32.32% | 0.48% | $1.11B |
| #177 | C |
DBC | Invesco DB Commodity Index Tracking Fund | +33.34% | 0.85% | $1.58B |
| #189 | C |
GLDM | SPDR Gold MiniShares | +20.53% | 0.1% | $27.3B |
| #190 | C |
GSG | iShares S&P GSCI Commodity-Indexed Trust | +38.67% | 0.75% | $839M |
| #203 | C |
IAU | iShares Gold Trust | +20.33% | 0.25% | $60.1B |
| #204 | C |
SLV | iShares Silver Trust | +49.16% | 0.5% | $28.2B |
| #205 | C |
DBB | Invesco DB Base Metals Fund | +28.55% | 0.75% | $355M |
| #226 | C |
GLD | SPDR Gold Shares | +20.16% | 0.4% | $130B |
| #228 | C |
IAUM | iShares Gold Trust Micro | +20.58% | 0.09% | $6.31B |
| #259 | C |
SGOL | abrdn Physical Gold Shares ETF | +20.41% | 0.17% | $6.74B |
| #265 | C |
USO | United States Oil Fund, LP | +60.98% | 0.86% | $1.88B |
| #291 | C |
OUNZ | VanEck Merk Gold Trust | +20.34% | 0.25% | $2.50B |
| #300 | C |
BAR | GraniteShares Gold Trust | +20.35% | 0.1749% | $1.33B |
| #369 | C |
DBA | Invesco DB Agriculture Fund | +10.60% | 0.85% | $1.15B |
| #410 | D |
PPLT | abrdn Physical Platinum Shares ETF | +13.93% | 0.6% | $1.77B |
| #425 | D |
CPER | United States Copper Index Fund, LP | +6.95% | 0.88% | $738M |
| #451 | F |
WEAT | Teucrium Wheat Fund | +10.40% | 1% | $269M |
| #452 | F |
PALL | abrdn Physical Palladium Shares ETF | +2.52% | 0.6% | $591M |
| #457 | F |
UNG | United States Natural Gas Fund, LP | -29.14% | 1.17% | $419M |