(DBA) DB Agriculture Fund - Overview
Etf: Corn, Soybeans, Wheat, Sugar, Cocoa
Dividends
| Dividend Yield | 3.58% |
| Yield on Cost 5y | 6.17% |
| Yield CAGR 5y | 111.79% |
| Payout Consistency | 29.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 8.74% |
| Relative Tail Risk | 1.63% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.55 |
| Alpha | -11.21 |
| Character TTM | |
|---|---|
| Beta | 0.252 |
| Beta Downside | 0.249 |
| Drawdowns 3y | |
|---|---|
| Max DD | 12.36% |
| CAGR/Max DD | 1.06 |
Description: DBA DB Agriculture Fund January 26, 2026
The Invesco DB Agriculture Fund (NYSE ARCA: DBA) is a U.S.- domiciled ETF that tracks a Deutsche Bank-sponsored index of agricultural commodity futures, including corn, soybeans, wheat (both generic and Kansas City), sugar, cocoa, coffee, cotton, live cattle, feeder cattle, and lean hogs. The fund holds exchange-traded futures contracts in proportion to the index’s notional weights, providing exposure to the broad agricultural sector rather than individual physical commodities.
As of the most recent quarter (Q4 2025), DBA reported an expense ratio of 0.78 % and total net assets of roughly $1.2 billion, reflecting modest inflows despite a 12-month rolling volatility of 18 %-higher than the broader S&P 500 but typical for commodity-focused ETFs. Key drivers this year have been a 7 % rise in global corn prices, spurred by tighter US planting forecasts, and a 4 % decline in live-cattle futures linked to expanding feed-lot capacities in Brazil. The fund’s performance has been closely correlated (≈0.68 beta) with the Bloomberg Agriculture Sub-Index, underscoring its reliance on macro-level supply-demand dynamics rather than idiosyncratic commodity events.
For a deeper dive into how DBA’s exposure aligns with current agricultural supply-chain trends, consider exploring ValueRay’s analytical tools.
What is the price of DBA shares?
Over the past week, the price has changed by +0.43%, over one month by -0.27%, over three months by +2.26% and over the past year by -3.54%.
Is DBA a buy, sell or hold?
What are the forecasts/targets for the DBA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 30.2 | 17% |
DBA Fundamental Data Overview January 31, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 724.7m USD (724.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 724.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 724.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.84% (E(724.7m)/V(724.7m) * Re(6.84%) + (debt-free company))
Discount Rate = 6.84% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)