# Invesco DB Agriculture Fund (DBA)

> Source: Nexqual · https://nexqual.com/DBA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Invesco DB Agriculture Fund (DBA), nexqual.com/DBA" · informational, not investment advice.

**Price:** USD 27.92 (-0.71% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 28.12 · day 27.89–28.02 · 52w 25.4–29.52 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +7.5% vs S&P 500 +14.9%; 5Y +66.7% vs S&P 500 +80.3%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$7.7M | $7.3M | $35.8M | $31.5M | $26.4M | $26.7M |
| Net income | $162M | -$68.0M | $60.6M | $210M | -$9.8M | $26.8M |
| Cash + short-term investments | $0K | — | $4.7M | $13.5M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +7.5% | +66.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +7.5% | +10.7% |
| Volatility (annualized) | 11.3% | 13.7% |
| Max drawdown | -8.7% (May 2026→Jun 2026) | -14.5% (Apr 2022→Jul 2022) |

## Peers
DBC (Invesco DB Commodity Index Trac) USD 33.57 +0.21% · MOO (VanEck Agribusiness ETF) USD 81.26 -0.06% · DBB (Invesco DB Base Metals Fund) USD 24.61 -1.56% · CORN (Teucrium Corn Fund ETV) USD 17.78 -1.11% · UNG (United States Natural Gas Fund ) USD 9.89 -0.80%

## More
Full page: https://nexqual.com/DBA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 15.7% | ±4.0% |
| 2026-12-18 | 56 | 17.2% | ±5.5% |
| 2027-01-15 | 84 | 14.4% | ±5.7% |
| 2027-04-16 | 175 | 14.8% | ±11.6% |