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Launched · SEC filings

Invesco DB Agriculture Fund

DBANYSE ArcaInvescoC

$26.80−0.09 (−0.33%)

At close: Nov 2, 2026, 4:00 PM ET

C44/ 100

Rank 5 of 6 in Agriculture Futures

C44/100Rank 5 of 6inAgriculture Futures
Intraday session: down, 79 prints from 26.89 to 26.80. Range 26.80 to 27.01. Use the arrow keys to read each point.26.8526.9527.0010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$1.13B
1Y total return
+5.6%
Yield · Last 12 months
3.39%
Holdings
14
Avg volume · 30D
1.1M sh
52W range
low $25.40high $29.52
Launched
Filings
SEC EDGAR

The ETF.net DBA Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
Agriculture Futures⁠
Rank
5 of 6
Six-pillar profile for DBA. Scores out of 100: Cost 20, Risk 68, Mission not scored, Tradability 78, Holdings 14, Durability 77. Strongest: Tradability (78). Weakest: Holdings (14). Based on 5 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F20 out of 100
    Rank 5 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 2 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 2 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F14 out of 100
    Rank 2 of 3

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 1 of 6

Our read on DBA

ETF.net Research

In short

COne of the original broad agriculture funds, running since 2007: a futures basket tracking the DBIQ Diversified Agriculture index instead of a bet on one crop, wrapped in a commodity pool that sends a K-1.

Stated mandate

The fund seeks to track positive or negative changes in the DBIQ Diversified Agriculture Index Excess Return.

Why people hold it

  • Launched in 2007, it is among the longest-running broad agriculture futures funds, and it stays actively traded at multi-billion-dollar size in a corner where many funds are thin.
  • Diversified by design: it tracks an index of agricultural futures rather than a single crop, unlike concentrated peers such as CORN (corn) and CANE (sugar).invesco.com
  • Exposure comes from commodity futures, not farm-sector stocks, so the fund follows crop prices rather than the equity market.invesco.com

Worth knowing

  • The 0.90% expense ratio runs above the group median of 0.75%, and Invesco's own no-K-1 agriculture fund, PDBA, carries 0.75%.
  • It is a commodity pool partnership, so tax time means a Schedule K-1 rather than a 1099.invesco.com
  • The benchmark is an excess-return futures index, not spot crop prices, and any cash payouts come annually or semiannually rather than on a monthly schedule.

DBA Holdings

Holdings pillarF14 out of 100Rank 2 of 3 in Agriculture Futures
Asset class
Other
Holdings
14
Top-10 weight
155%
Largest holding
AGPXX79.2%

Sectors

  • Health Care16.8%
  • Industrials15.2%
  • Financials13.7%
  • Consumer Discretionary11.8%
  • Materials10.7%
  • Consumer Staples8.8%
  • Communication7.4%
  • Technology6.3%
  • Energy5.2%
  • Utilities2.9%
  • Real Estate1.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AGPXXInvesco Government & Agency Portfolio79.20%923,326,232$923M230
2No dataCBOT Soybean Future 11/12/202713.94%2,688$163M2
3No dataCBOT Corn Future 09/14/202713.07%6,420$152M2
4TBLLInvesco Short Term Treasury ETF10.27%1,133,800$120M6
5No dataCash Collateral9.26%107,949,825$108M26
6No dataCBOT Soybean Oil Future 12/14/20266.51%1,928$75.9M2
7No dataCBOT Wheat Future 07/14/20276.35%2,360$74M2
8No dataNYBOT CSC Number 11 World Sugar Future 06/30/20276.18%3,471$72M2
9No dataNYBOT CTN Number 2 Cotton Future 12/08/20265.51%1,637$64.3M2
10No dataKCBT Hard Red Winter Wheat Future 07/14/20275.17%1,818$60.3M2
11No dataCBOT Soybean Meal Future 12/14/20264.80%1,698$55.9M2
12No dataNYBOT CSC C Coffee Future 12/18/20264.09%445$47.6M2
13No dataCash & Equivalents0.99%11,565,661$11.6M88
14No dataUSD Pending Dividends0.28%0$3.23M242

Showing 1–14 of 14 holdings

DBA Performance

Launched Jan 5, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DBA$10,563
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DBA $10,563. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DBA. Periods over one year show the average yearly return.
PeriodDBA
Year to date+5.4%
1 month−4.4%
3 months−2.3%
1 year+5.6%
3 yearsper year+11.3%
5 yearsper year+9.6%
10 yearsper year+4.3%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DBA
YearReturn barDBA
2026 YTD+5.4%
2025−0.6%
2024+33.5%
2023+7.6%
2022+2.5%

DBA in the news

DBA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.39%Last 12 months
Payout per share
$0.91Last 12 months
Last payment
$0.91 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.18; Dec 23, 2019 $0.26; Dec 19, 2022 $0.10; Dec 18, 2023 $0.96; Dec 23, 2024 $1.08; Dec 22, 2025 $0.91. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.91
Dec 23, 2024Dec 27, 2024$1.08
Dec 18, 2023Dec 22, 2023$0.96
Dec 19, 2022Dec 23, 2022$0.10
Dec 23, 2019Dec 31, 2019$0.26
Dec 24, 2018Dec 31, 2018$0.18
Dec 15, 2008No data$0.45
Dec 17, 2007No data$0.45

— Pay date not on file.

$10,000 in DBA 10 years ago paid $1,709 in dividends.

DBA Risk

Risk pillarB68 out of 100Rank 2 of 6 in Agriculture Futures
How much the fund’s monthly returns vary, scaled to a year.
13.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.54
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.9%
Trough Jul 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.33
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DBA Cost

Compare DBA and TAGS

Overpaying vs TAGS, cheapest in Agriculture Futures

$13,494

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DBA 0.90%

    $17,040

  • TAGS 0.17% Cheapest

    $3,546

$10,000
30 years

Cost over time

  • DBA 0.90%
  • TAGS 0.17%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DBA $17,040TAGS $3,546

Year by year

YearDBATAGSOverpaying
10$1,593$310$1,283
20$6,015$1,211$4,804
30$17,040$3,546$13,494

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