DBA
Invesco DB Agriculture Fund
7월 28일 1:13 PM ET (한국 7/29 02:13)
$27.62
-0.62 ▼ -2.20%
DBA ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
0.83%
Annual operating cost
Net Assets (AUM)
$1.3B
약 2조원
Holdings
18 items
Dividend Yield
-
Management Style
Passive
| Category | Commodities & Metals - Agricultural | Asset Type | Commodities & Metals | Return% 1Y | 11.68% | Total Holdings | 18 | Perf Week | -1.43% |
| ETF Type | Global Commodities & Metals | Active/Passive | Passive | Return% 3Y | 13.12% | AUM | $1.3B | Perf Month | 2.6% |
| Expense | 0.83% | NAV | $28.27 | Return% 5Y | 11.74% | 52W High | -4.23% | Perf Quarter | 0.84% |
| Dividend TTM | - | Div Gr. 3/5Y | - | Return% 10Y | 4.2% | 52W Low | 12% | Perf Half Y | 7.3% |
| Flows% 1M | 4.19% | Flows% YTD | 55% | Return% SI | 1.57% | Volatility(W/M) | 0.71% 0.86% | Perf YTD | 8.23% |
| SMA20 | 0.03% | SMA50 | 1.28% | SMA200 | 4.48% | RSI (14) | 50.92 | Beta | 0.11 |
| IPO | 2007/1/5 | Prev Close | $28.24 | Perf Year | 9.73% | Avg Volume | 1.34M | Price | $27.62 |
Invesco DB Agriculture Fund (DBA) Investment Analysis
ETF Overview
Invesco DB Agriculture Fund · Commodities & Metals - Agricultural
원자재형 — 금·원유·농산물 등 실물 자산 노출
2007년 상장, 19년 운영 중.
Invesco DB Agriculture Fund는 DBIQ Diversified Agriculture Index Excess Return의 상승·하락을 추종하고, 여기에 국채·머니마켓·T-Bill ETF 수익의 합이 펀드 비용을 초과하는 경우 그 초과분을 더하는 것을 목표로 합니다. 지수는 하나 이상의 기초 상품으로 구성되어 농업 섹터를 반영하며, 펀드는 상장 선물 포트폴리오 투자를 통해 투자 목표를 추구합니다.
📘 DBA ETF 자세히 알아보기 →U.S.commodityfuturesagriculture
- 규모
- $1.3B 약 2조원
- 운용사
- Invesco
- 운용 방식
- 패시브 (지수 추종)
- 상장일
- 2007년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
Above-average cost — 0.83% annually
Expense ratio is higher than the Commodities & Metals - Agricultural median. Compare against similar ETFs.
Effective Annual Expense Ratio (Net Expense Ratio)
하위 25%0.83%
My positionBottom 25%
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$830K
Pay $280K more per year vs. category average
Category Median Annual Cost
$550K
Based on expense ratio of 0.55%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$14.7M
15.2% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Cheaper alternatives in the same category
CORN
Teucrium Corn Fund
0.18%
-0.65%p annually
PDBA
Invesco Agriculture Commodity Strategy No K-1 ETF
0.59%
-0.24%p annually
* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Upper-tier returns in its category
상위 25% within 전체 ETF.-6.1%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
🪙 Commodity ETFs — Price moves, not dividends
These products are exposed to spot (or futures) commodity prices, pay no dividends, and returns come purely from price changes. Benchmarking against the commodity itself (rather than an index like SPY) may be more meaningful.
If you had invested 10 year(s) ago
$100.0M
Today's value
$150.9M
→
Total gain
+$50.9M
Annualized +4.2%
1 Year
2025.07 ~ 2026.07
Annualized +11.68%
평균권Trailed the benchmark by 6.1%p annually
My positionMid-range
Low range Average High range
3 Years
2023.07 ~ 2026.07
Annualized +13.12% Cumulative +44.7%
평균권Trailed the benchmark by 5.9%p annually
My positionMid-range
Low range Average High range
5 Years
2021.07 ~ 2026.07
Annualized +11.74% Cumulative +74.2%
상위 25%Trailed the benchmark by 1.1%p annually
My positionTop 25%
Low range Average High range
10Y
2016.07 ~ 2026.07
Annualized +4.20% Cumulative +50.9%
평균권Trailed the benchmark by 10.7%p annually
My positionMid-range
Low range Average High range
10Y Cumulative Total Return Curve
2016-07-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
DBA · Price Only DBA · Price + Cumulative Dividends DBA · Dividend Reinvested S&P 500 (SPY)
50
150
250
350
450
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
DBA S&P 500 (SPY)
+40%
0%
−40%
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026 YTD
💡 SPY is an equity benchmark, so direct comparison with different asset classes is for reference only.
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
2 / 9Y
Lags behind benchmark (22%)
+ 2026 YTD: Behind (8.1% vs 8.5%)
2017 ✗
2018 ✗
2019 ✗
2020 ✗
2021 ✗
2022 ✓
2023 ✗
2024 ✓
2025 ✗
2026 ✗ YTD
💡 Win rates against SPY are for reference only, since the asset class differs.
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
2%
Falls less than the benchmark in drawdowns — strong downside protection
<85% (Defend) 85~110% (Track) >110% (Lag)
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
Commodity Benchmark
Commodities move on a different rhythm than the stock market, and volatility varies widely by type — gold tends to be stable while crude oil can swing sharply.
🪙 Commodity ETFs — Independent volatility patterns
Commodities move on a different cycle than equities. Beta (vs. stocks) carries little meaning, and volatility varies widely by asset (low for gold, high for crude oil).
Beta (market sensitivity)
상위 25%0.11
If the market rises +10% +1.1%
If the market falls -10% -1.1%
My positionTop 25%
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
평균권±0.86%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-41.2%
2015-07-31 Worst -39% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
0.06
Weak — Low risk-adjusted returns
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Estimated Monthly Maximum Loss (VaR 95%)
-5.3%
Historically, monthly losses exceeding this figure occurred only5%of the time.
ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Strengths and weaknesses both present Check the fit below to see whether it matches your investing goal.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
보통
매우 낮음
낮음
매우 적합
이런 분에게 어울려요
Investors seeking asset diversification
✅ 강점
- 📈Top-tier long-term returns
⚠️ 약점·주의사항
- 💸Expense ratio is somewhat high — 0.83% annually
Category Peers
Category: Commodities & Metals - Agricultural
같은 카테고리 4종 중 AUM 1/4위 · 보수율 3/4위
카테고리: Commodities & Metals - Agricultural
ℹ️ 왜 비교해야 하나요?
같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 DBA보다 유리, ▼ 표시는 DBA보다 불리를 뜻해요.
| 티커 | ETF명 | 보수율 | AUM | 보유종목 | 배당률 | YTD | 1년 |
|---|---|---|---|---|---|---|---|
| DBA | Invesco DB Agriculture Fund | 0.83% | $1.3B | 18 | - | +8.23% | +9.73% |
| Invesco Agriculture Commodity Strategy No K-1 ETF | 0.59% ▲ | $313M ▼ | 18 | 3.06% | - | +6.16% ▼ | |
| Teucrium Wheat Fund | 2.8% ▼ | $301M ▼ | 28 | - | - | +9.96% ▲ | |
| Teucrium Corn Fund | 0.18% ▲ | $183M ▼ | 27 | - | - | +2.40% ▼ |
AUM 내림차순 정렬 · ▲ DBA보다 유리 · ▼ DBA보다 불리
Leveraged & Covered Call ETFs on the Same Theme
ETFs that approach the same theme with a different strategy
21 ETFs tracking the same theme as DBA using leveraged or covered call strategies (Leverage 8 · Inverse 6 · Covered Call 7)
Not direct derivatives of DBA, but ETFs that cover the same theme via a different strategy.
ℹ️ Which ETFs are included?
Among ETFs whose theme (category or sector) overlaps with DBA, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.
⚠️ Caution: Long-Term Holding
Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.
Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)
AGQ
ProShares Ultra Silver 2x Shares
+1.14%
$1.2B
UGL
ProShares Ultra Gold 2x Shares
+1.37%
$663M
UCO
ProShares Ultra Bloomberg Crude Oil 2x Shares
-9.42%
$450M
BOIL
ProShares Ultra Bloomberg Natural Gas 2x Shares
-8.19%
$374M
DGP
DB Gold Double Long ETN
+0.90%
$225M
SOLT
2x Solana ETF
+5.78%
$112M
GLDW
Roundhill Gold WeeklyPay ETF
+0.55%
$16M
CPXR
USCF Daily Target 2X Copper Index ETF
+2.30%
$13M
Inverse 6 ETFs that bet on declines in the same theme
SCO
ProShares UltraShort Bloomberg Crude Oil -2x Shares
+9.66%
$683M
GLL
ProShares UltraShort Gold -2x Shares
-1.40%
$126M
KOLD
ProShares UltraShort Bloomberg Natural Gas -2x Shares
+8.56%
$109M
ZSL
ProShares UltraShort Silver -2x Shares
-1.10%
$67M
DGZ
DB Gold Short ETN
+6.62%
$2M
DZZ
DB Gold Double Short ETN
+0.92%
$1M
Covered Call & Options 7 ETFs that add a monthly dividend via covered calls on the same theme
IAUI
NEOS Gold High Income ETF
+1.13%
$492M
SLVO
UBS AG ETRACS Silver Shares Covered Call ETNs
+0.69%
$392M
USOI
UBS AG ETRACS Crude Oil Shares Covered Call ETNs
-0.90%
$254M
GLDI
UBS AG ETRACS Gold Shares Covered Call ETNs
+0.01%
$167M
KSLV
Kurv Silver Enhanced Income ETF
+0.79%
$88M
KCOP
Kurv Copper & Mining Enhanced Income ETF
+0.54%
$32M
USG
USCF Gold Strategy Plus Income Fund
+0.75%
$9M
FAQ
What kind of ETF is DBA?
DBA is an ETF in the Commodities & Metals - Agricultural category, managed by Invesco.
How many holdings does DBA have?
DBA holds a total of 18 securities, with an AUM of approximately $1.3B.
What is the 52-week high and low for DBA?
DBA has recorded a 52-week high of $28.84 and a low of $24.66.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.