Invesco DB Agriculture Fund

10-Year Study

DBA.US · · US · ETF

Executive Summary: Invesco DB Agriculture Fund has compounded at 4.0% annually over the last 10 years, with a maximum drawdown of 37.2% and an annualized volatility of 25.7%.

1Y CAGR
+5.7%
3Y CAGR
+14.8%
5Y CAGR
+10.8%
10Y CAGR
+4.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
37.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.04
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.07
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
11.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · +33.4%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -8.7%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.51.45.0-0.8————————6.2%
20253.8-4.0-0.61.8-0.4-2.1-1.07.2-3.6-1.50.20.1-0.6%
20244.32.511.6-0.52.0-5.3-0.34.84.9-2.34.93.433.4%
20230.4-0.21.22.5-2.33.04.1-0.9-1.52.81.2-2.77.6%
20222.23.74.50.9-0.4-7.3-0.92.2-3.0-0.91.11.02.5%
20211.55.6-2.18.61.00.20.12.6-0.10.90.42.022.4%
2020-5.5-2.6-7.7-2.7-0.2-1.15.03.90.0-1.36.93.7-2.5%
2019-0.1-2.80.2-2.53.5-0.3-3.8-6.05.90.51.34.1-0.7%
20180.41.8-1.92.3-0.2-6.1-2.8-2.7-0.93.0-0.7-1.0-8.7%
20172.2-1.0-2.1-0.21.2-0.70.4-6.51.82.4-1.9-1.7-6.1%
2016———2.31.13.6-6.7-1.7-1.22.7-2.80.2-3.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 25.7%. The dominant macroeconomic risk driver is SHV.US, accounting for 51.3% of variance. Idiosyncratic stock-specific factors contribute 14.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110233.007296302152
2016-05-0110344.654272741649
2016-06-0110713.591904041203
2016-07-019995.143328288419
2016-08-019820.416092525245
2016-09-019699.055772662587
2016-10-019961.203099234228
2016-11-019679.629085816261
2016-12-019694.199100951004
2017-01-019902.92303869525
2017-02-019805.846077390499
2017-03-019601.978811357836
2017-04-019582.552124511509
2017-05-019699.055772662587
2017-06-019635.919040412027
2017-07-019674.772414104678
2017-08-019048.544127945064
2017-09-019213.614493211955
2017-10-019436.908446090945
2017-11-019262.124737400889
2017-12-019106.82418848404
2018-01-019140.764417538232
2018-02-019305.834782805123
2018-03-019131.05107411507
2018-04-019344.688156497776
2018-05-019325.261469651448
2018-06-018752.45657231923
2018-07-018509.735932593914
2018-08-018281.585308003343
2018-09-018208.735232329622
2018-10-018451.455872054938
2018-11-018393.232284442838
2018-12-018311.29006754162
2019-01-018301.52025119158
2019-02-018065.971673179878
2019-03-018080.711107095259
2019-04-017879.556042648951
2019-05-018154.310175470374
2019-06-018129.778950777028
2019-07-017820.679810822203
2019-08-017349.67318761502
2019-09-017781.42952817217
2019-10-017820.679810822203
2019-11-017923.7132165190105
2019-12-018252.482468210099
2020-01-017798.99437838071
2020-02-017599.659664479176
2020-03-017011.620104198451
2020-04-016822.251587424194
2020-05-016807.301483881579
2020-06-016732.550966168504
2020-07-017066.437689089173
2020-08-017345.50736568692
2020-09-017345.50736568692
2020-10-017250.82337658369
2020-11-017754.145144888464
2020-12-018043.1804800456885
2021-01-018167.765214801948
2021-02-018621.252766063537
2021-03-018441.851523552155
2021-04-019169.424844996154
2021-05-019264.110449802782
2021-06-019284.042844057336
2021-07-019294.010656888013
2021-08-019533.212313569853
2021-09-019528.229484290116
2021-10-019612.947276266066
2021-11-019647.830312631035
2021-12-019842.18219725283
2022-01-0110061.452536815716
2022-02-0110430.221757533556
2022-03-0110903.6422416175
2022-04-0110998.326769288527
2022-05-0110958.45982650822
2022-06-0110156.134910215545
2022-07-0110061.452536815716
2022-08-0110280.718567836208
2022-09-019976.733667704166
2022-10-019882.050217168737
2022-11-019991.68323267898
2022-12-0110090.540583659502
2023-01-0110130.60141084758
2023-02-0110110.57207438914
2023-03-0110230.757787360171
2023-04-0110491.157472625078
2023-05-0110245.779520420105
2023-06-0110551.249790542795
2023-07-0110981.913377035033
2023-08-0110886.766758192149
2023-09-0110721.512614634528
2023-10-0111021.975281358711
2023-11-0111157.183804525272
2023-12-0110860.78301614391
2024-01-0111326.84450981731
2024-02-0111614.858720426937
2024-03-0112965.912056188976
2024-04-0112903.07196535889
2024-05-0113159.666130553473
2024-06-0112463.194560955091
2024-07-0112431.775592675647
2024-08-0113028.75106988346
2024-09-0113662.383625787357
2024-10-0113353.42235918917
2024-11-0114013.239004362667
2024-12-0114493.45190553222
2025-01-0115043.973755773473
2025-02-0114438.944535693934
2025-03-0114357.183480936506
2025-04-0114613.367257467971
2025-05-0114553.409581500096
2025-06-0114253.620124525121
2025-07-0114117.351699929406
2025-08-0115136.636499925682
2025-09-0114586.11357254883
2025-10-0114373.53655359647
2025-11-0114400.789161380015
2025-12-0114411.891197996156
2026-01-0114490.952950943161
2026-02-0114694.255573877883
2026-03-0115428.40362330299
2026-04-0115309.810476857396
Annual Return Matrix
YearAnnual Return
2017-0.06059034958435516
2018-0.08735582289470434
2019-0.007075628314452076
2020-0.02536230630851699
20210.2236679534507875
20220.025234077304115976
20230.0763331187361489
20240.3344757817174473
2025-0.00562741768266628
20260.062304056180086054
Total Factor Risk
0.25741827321510485
VTI.US Exposure
0.18764576867542587
VEA.US Exposure
0.009352199597399975
VWO.US Exposure
0.0010058653189465676
QQQ.US Exposure
0.01935202628025382
VTV.US Exposure
-0.0031673796344305265
IJR.US Exposure
-0.004946168695976505
QUAL.US Exposure
0.002309620259905584
SHV.US Exposure
0.5133302704558425
TLT.US Exposure
-0.0022394813305798827
LQD.US Exposure
0.028288677695569468
HYG.US Exposure
0.07069437560057233
GLD.US Exposure
-0.00041399166426777593
USO.US Exposure
0.010590298857747246
VNQ.US Exposure
-0.001242170017609788
BTC-USD.CC Exposure
0.0018703939705596048
CPER.US Exposure
-0.00015385635058241324
VIX.INDX Exposure
0.0016960525602452243
UUP.US Exposure
0.0006905397317396938
TIP.US Exposure
0.0200001824380931
Idiosyncratic Exposure
0.14533677625114613
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
42.1
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
25.7%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →3.51%
Market Cap$45.7B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+4.9%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.31
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco DB Agriculture Fund a high-risk investment?

Invesco DB Agriculture Fund (DBA.US) has an annualized volatility of 25.7% and experienced a maximum drawdown of 37.2% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of DBA.US?

Over the past 10 years, DBA.US has generated a Compound Annual Growth Rate (CAGR) of 4.0%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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