DBA — Invesco DB Agriculture Fund

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.

Overview

The Invesco DB Agriculture Fund is a commodities ETF issued by Invesco with $1.36 billion in assets under management. It holds a C grade (52.5/100) and ranks 13th out of 22 peers in its category, placing it in the middle of the pack. The fund’s 0.85% expense ratio exceeds the category median of 0.595%, while its 3.27% dividend yield sits above the median of 2.89%. Holdings breakdown data is not available for this fund. Its overall rank is #350 of 458 tracked ETFs across all categories.

The fund has delivered a 1-year return of +7.10%, trailing the category median of +9.06%. Short-term performance shows recent weakness with declines of -0.18% over one day and -2.38% over one month. Conversely, longer-term horizons have been positive, with a 3-year return of +43.51% and a year-to-date gain of +9.04%. The current price of $27.87 sits at 60.0% of its 52-week range. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 0.35, the fund exhibits lower sensitivity to market movements compared to the broader market. Annualized volatility is 11.23%, which is labeled as Low, and the maximum drawdown has been -12.36%. The Sharpe ratio of 0.19 suggests modest risk-adjusted returns relative to the risk taken. Liquidity is supported by an average daily volume of 1,168,657 shares. These metrics collectively describe a fund that has experienced limited volatility and moderate downside risk during the tracked period.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

DBA Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.2M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.36B 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

How DBA Compares to Other Commodities ETFs