DBA vs SPY: which was the better investment?
Invesco DB Agriculture Fund against SPDR S&P 500 ETF Trust on real daily total-return data — every dividend reinvested, from Jan 5, 2007 to Jul 13, 2026.
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Frequently asked questions
Did DBA beat SPY?
No — measured from Jan 5, 2007 to Jul 13, 2026 with dividends reinvested, SPY came out ahead: $76,221 versus $13,321 from a $10,000 start. That gap compounds from a 11.0% annual return against 1.5%.
What would $10,000 in DBA be worth today?
$10,000 invested in Invesco DB Agriculture Fund (DBA) on Jan 5, 2007 would be worth about $13,321 as of Jul 13, 2026, a total return of 33.2% (1.5% per year). The same $10,000 in SPY would be worth $76,221.
Which was riskier — DBA or SPY?
DBA swung with an annualized volatility of 16.7% and a worst peak-to-trough drop of -68.0%; SPY ran at 19.6% volatility with a -55.2% maximum drawdown. Risk-adjusted (Sharpe ratio), that is -0.03 for DBA vs 0.46 for SPY.
What data is this comparison based on?
Daily adjusted closing prices covering Jan 5, 2007 through Jul 13, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.
Can I change the dates, amounts, or add monthly investing?
Yes — the interactive tool on this page is pre-loaded with DBA vs SPY. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.