DBA
Invesco DB Agriculture Fund

Price: $18.99
Change: $0.19 (-0.01%)
Last Updated:

Vitals

Issuer Invesco
Brand Invesco DB
Structure Commodity Pool
Expense Ratio 0.94%
ETF Home Page Home page
Inception Jan 05, 2007

Analyst Report

This ETF is one of the most popular options for achieving exposure to agricultural commodities; DBA invests in a diversified basket of various agricultural natural resources, and as such can be a useful diversifying agent or inflation hedge. The targeted focus of this fund makes it often more appropriate for investors looking to implement a shorter term tactical tilt, though DBA may also be useful as a component of a long-term, buy-and-hold portfolio. Those seeking more broadly-based commodities exposure may prefer funds such as DBC or DJP. Investors considering agriculture exposure should take note of the frequency with which the underlying holdings are rolled and the mix of exposure across various contracts. The tax consequences should also be noted; as an ETF, DBA will feature slightly different tax treatments than ETNs such as AGF (it also won’t expose investors to the credit risk of the issuing institution).

ETF Database Themes

Asset Class Commodity
Commodity Type Agriculture
Commodity Broad
Commodity Exposure Futures-Based

FactSet Classifications

  • Segment Commodities: Agriculture
  • Category Agriculture
  • Focus Broad Market
  • Niche Optimized
  • Strategy Optimized commodity
  • Weighting Scheme Fixed

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $14.47
  • 52 Week Hi $19.51
  • AUM $924.1 M
  • Shares 48.4 M

Historical Trading Data

  • 1 Month Avg. Volume 812,448
  • 3 Month Avg. Volume 792,370

Alternative ETFs in the ETF Database Agricultural Commodities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAGS 0.21% $8.6 M 3,979 23.01%
Largest (AUM) RJA 0.75% $131.7 M 90,014 23.25%
Most Liquid (Volume) WEAT 1.91% $75.8 M 221,800 16.96%
Top YTD Performer JO 0.45% $107.5 M 91,700 51.00%

Alternative ETFs in the FactSet Commodities: Agriculture Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAGS 0.21% $8.6 M 3,979 23.01%
Largest (AUM) RJA 0.75% $131.7 M 90,014 23.25%
Most Liquid (Volume) RJA 0.75% $131.7 M 90,014 23.25%
Top YTD Performer RJA 0.75% $131.7 M 90,014 23.25%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DBA ETF Database Category Average FactSet Segment Average
Number of Holdings 11 3 10
% of Assets in Top 10 99.61% 98.72% 95.54%
% of Assets in Top 15 100.00% 99.43% 98.56%
% of Assets in Top 50 100.00% 99.73% 99.81%

Size Comparison

DBA ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

DBA Valuation

This section compares the P/E ratio of this ETF to its peers.

DBA
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

DBA Dividend

This section compares the dividend yield of this ETF to its peers.

DBA ETF Database Category Average FactSet Segment Average
Dividend $ 0.26 $ 0.02 $ 0.06
Dividend Date 2019-12-23 N/A N/A
Annual Dividend Rate N/A N/A N/A
Annual Dividend Yield N/A N/A N/A

DBA Price and Volume Chart

DBA Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 3.82 M 1 Month Net Flows: 42.75 M 3 Month Net Flows: 15.01 M 6 Month Net Flows: -605.81 K 1 Year Net Flows: 192.98 M 3 Year Net Flows: 235.97 M 5 Year Net Flows: 127.85 M 10 Year Net Flows: -1.05 B

DBA Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DBA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Agricultural Commodities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ DBA
Expenses C TAGS
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBA Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

DBA
Expense Ratio
0.94%
ETF Database Category Average
Expense Ratio
0.89%
FactSet Segment Average
Expense Ratio
0.59%

Tax Analysis

Max ST Capital Gains Rate 27.84%
Max LT Capital Gains Rate 27.84%
Tax On Distributions No distributions
Distributes K1 Yes
ESG Themes and Scores

DBA does not have an ESG score. There are no ESG themes that map to this ETF.

DBA Performance

This section shows how this ETF has performed relative to its peers.

DBA ETF Database
Category Average
Factset Segment
Average
1 Month Return 1.01% 1.39% 1.39%
3 Month Return 0.37% 2.32% 1.44%
YTD Return 17.66% 23.56% 20.76%
1 Year Return 27.62% 36.21% 34.24%
3 Year Return 11.13% 16.75% 18.70%
5 Year Return -3.55% 1.32% 4.75%

Geographic Exposure

The following charts reflect the geographic spread of DBA's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of DBA's underlying holdings.

DBA Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
22.62%
Rank
13 of 17

20 Day Volatility
10.20%
Rank
17 of 17

50 Day Volatility
10.98%
Rank
17 of 17

200 Day Volatility
16.24%
Rank
16 of 17

Beta
0.2
Rank
9 of 17

Standard Deviation
1.43%
Rank
11 of 17

Technicals

  • 20 Day MA $19.17
  • 60 Day MA $19.00
  • MACD 15 Period -0.24
  • MACD 100 Period 0.21
  • Williams % Range 10 Day 94.55
  • Williams % Range 20 Day 65.41
  • RSI 10 Day 43
  • RSI 20 Day 49
  • RSI 30 Day 51
  • Ultimate Oscillator 44

Bollinger Bands

  • Lower Bollinger (10 Day) $18.94
  • Upper Bollinger (10 Day) $19.47
  • Lower Bollinger (20 Day) $18.82
  • Upper Bollinger (20 Day) $19.50
  • Lower Bollinger (30 Day) $18.34
  • Upper Bollinger (30 Day) $19.59

Support & Resistance

  • Support Level 1 $18.92
  • Support Level 2 $18.84
  • Resistance Level 1 $19.11
  • Resistance Level 2 $19.22

Stochastic

  • Stochastic Oscillator %D (1 Day) 50.99
  • Stochastic Oscillator %D (5 Day) 34.18
  • Stochastic Oscillator %K (1 Day) 54.52
  • Stochastic Oscillator %K (5 Day) 41.00

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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