DBA — Invesco DB Agriculture Fund
Commodities Ranked #374 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) is a commodity-focused ETF issued by Invesco, managing $1.33 billion in assets. It holds a C grade with a score of 51.1 out of 100, ranking 19th out of 22 peers in the Commodities category and 374th overall. The fund’s 0.85% expense ratio exceeds the category median of 0.595%, while its 3.14% dividend yield stands in sharp contrast to the category median of 0.00%. Holdings breakdown data is not available for this fund.
The fund’s price of $28.85 sits at 83.7% of its 52-week range, reflecting a recent upgrade from a D to a C grade on August 7, 2026. Short-term performance shows a divergence, with a -1.16% weekly return contrasting against a +5.18% monthly gain. Longer-term trends are positive, with a 1-year return of +9.73% trailing the category median of +29.35%, though the 3-year return has reached +47.62%. This performance record is based on 3.0 years of available price history.
With a beta of 0.35, the fund exhibits lower sensitivity to market movements compared to the broader market. Annualized volatility of 11.04% is classified as Low, contributing to a Sharpe ratio of 0.43. The maximum drawdown of -12.36% indicates the peak-to-trough decline experienced during the measurement period. Liquidity is supported by an average daily volume of 1,122,988 shares and a bid-ask spread of 0.17%.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — 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 3.14%. 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 0.17% and average daily volume is 1.1M/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 $1.33B 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 | -0.83% |
| 1-Week | -1.16% |
| 1-Month | +5.18% |
| 3-Month | +9.28% |
| 6-Month | +8.01% |
| YTD | +12.87% |
| 1-Year | +9.73% |
| 3-Year | +47.62% |
How DBA Compares to Other Commodities ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #46 | B |
BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | +43.21% | 0.26% | $3.37B |
| #84 | B |
PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | +49.15% | 0.59% | $7.29B |
| #117 | B |
DJP | iPath Bloomberg Commodity Index Total Return(SM) ETN | +49.59% | 0.7% | $1.01B |
| #130 | B |
COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | +46.13% | 0.48% | $1.29B |
| #145 | B |
DBC | Invesco DB Commodity Index Tracking Fund | +48.46% | 0.85% | $1.80B |
| #173 | B |
GLDM | SPDR Gold MiniShares | +24.85% | 0.1% | $32.8B |
| #174 | C |
GSG | iShares S&P GSCI Commodity-Indexed Trust | +53.10% | 0.75% | $1.01B |
| #190 | B |
IAU | iShares Gold Trust | +24.63% | 0.25% | $67.5B |
| #192 | C |
DBB | Invesco DB Base Metals Fund | +33.66% | 0.75% | $364M |
| #198 | C |
SLV | iShares Silver Trust | +61.98% | 0.5% | $34.7B |
| #199 | C |
IAUM | iShares Gold Trust Micro | +24.86% | 0.09% | $8.14B |
| #203 | C |
GLD | SPDR Gold Shares | +24.51% | 0.4% | $153B |
| #215 | C |
SGOL | abrdn Physical Gold Shares ETF | +24.76% | 0.17% | $7.75B |
| #216 | C |
USO | United States Oil Fund, LP | +91.37% | 0.86% | $1.90B |
| #238 | C |
OUNZ | VanEck Merk Gold Trust | +24.62% | 0.25% | $2.85B |
| #239 | C |
BAR | GraniteShares Gold Trust | +24.80% | 0.1749% | $1.46B |
| #265 | C |
CPER | United States Copper Index Fund, LP | +42.27% | 0.88% | $750M |
| #352 | C |
PPLT | abrdn Physical Platinum Shares ETF | +31.65% | 0.6% | $2.30B |
| #374 | C |
DBA | Invesco DB Agriculture Fund | +9.73% | 0.85% | $1.33B |
| #426 | D |
WEAT | Teucrium Wheat Fund | +27.05% | 1% | $363M |
| #428 | D |
PALL | abrdn Physical Palladium Shares ETF | +23.40% | 0.6% | $769M |
| #458 | F |
UNG | United States Natural Gas Fund, LP | -19.39% | 1.17% | $579M |