DBA — Invesco DB Agriculture Fund
Commodities Ranked #346 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 currently contains 22 ETFs tracked by ETFValuer. Issued by Invesco, the fund manages $1.15 billion in assets and trades at a price of $28.24. It holds an overall rank of #346 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 54.1 out of 100. The fund carries an expense ratio of 0.85% while offering a dividend yield of 3.23%. This combination of a mid-tier grade and a relatively high expense ratio suggests a cost structure that may challenge investor adoption compared to lower-cost alternatives. The asset size of $1.15 billion indicates a moderate level of investor participation relative to the broader universe of 458 funds.
Over the most recent trading day, the fund recorded a flat return of 0.00%, followed by a weekly gain of 1.44%. Monthly performance accelerated significantly to +6.33%, which continued into a three-month return of +3.07%. The six-month trajectory showed further strength with a +10.31% gain, aligning closely with the year-to-date return of +10.49%. Annual performance reached +11.67%, while the three-year horizon demonstrated substantial long-term growth with a return of +45.22%. This pattern indicates a divergence where short-term fluctuations have been overshadowed by strong multi-year accumulation.
The fund is assigned a Low volatility label and exhibits a beta of 0.33, suggesting movements that are less sensitive to broader market swings. A Sharpe ratio of 0.62 indicates the return generated per unit of risk taken over the measured period. Despite the low volatility classification, the fund experienced a maximum drawdown of -12.36% during its history. This combination of a low beta and moderate Sharpe ratio implies a defensive profile that has managed to limit downside severity relative to its returns. The specific drawdown figure highlights that even with low volatility characteristics, the fund has faced periods of notable decline.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 3.23%. 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 0.85% 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 | 0.00% |
| 1-Week | +1.44% |
| 1-Month | +6.33% |
| 3-Month | +3.07% |
| 6-Month | +10.31% |
| YTD | +10.49% |
| 1-Year | +11.67% |
| 3-Year | +45.22% |
How DBA Compares to Other Commodities ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #57 | B |
BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | +33.99% | 0.26% | $2.28B |
| #93 | B |
PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | +39.47% | 0.59% | $5.33B |
| #134 | B |
DJP | iPath Bloomberg Commodity Index Total Return(SM) ETN | +38.66% | 0.7% | $850M |
| #154 | B |
DBC | Invesco DB Commodity Index Tracking Fund | +39.02% | 0.85% | $1.58B |
| #155 | B |
COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | +35.19% | 0.48% | $1.11B |
| #161 | B |
GSG | iShares S&P GSCI Commodity-Indexed Trust | +45.00% | 0.75% | $839M |
| #185 | C |
USO | United States Oil Fund, LP | +81.58% | 0.86% | $1.88B |
| #199 | C |
GLDM | SPDR Gold MiniShares | +19.45% | 0.1% | $27.3B |
| #206 | C |
SLV | iShares Silver Trust | +47.35% | 0.5% | $28.2B |
| #207 | C |
DBB | Invesco DB Base Metals Fund | +28.03% | 0.75% | $355M |
| #213 | C |
IAU | iShares Gold Trust | +19.28% | 0.25% | $60.1B |
| #233 | C |
GLD | SPDR Gold Shares | +19.13% | 0.4% | $130B |
| #236 | C |
IAUM | iShares Gold Trust Micro | +19.50% | 0.09% | $6.31B |
| #253 | C |
SGOL | abrdn Physical Gold Shares ETF | +19.40% | 0.17% | $6.74B |
| #303 | C |
OUNZ | VanEck Merk Gold Trust | +19.28% | 0.25% | $2.50B |
| #304 | C |
BAR | GraniteShares Gold Trust | +19.41% | 0.1749% | $1.33B |
| #346 | C |
DBA | Invesco DB Agriculture Fund | +11.67% | 0.85% | $1.15B |
| #411 | D |
PPLT | abrdn Physical Platinum Shares ETF | +12.03% | 0.6% | $1.77B |
| #424 | D |
CPER | United States Copper Index Fund, LP | +6.23% | 0.88% | $738M |
| #447 | F |
WEAT | Teucrium Wheat Fund | +12.84% | 1% | $269M |
| #453 | F |
PALL | abrdn Physical Palladium Shares ETF | -3.61% | 0.6% | $591M |
| #457 | F |
UNG | United States Natural Gas Fund, LP | -23.05% | 1.17% | $419M |