| DBA | |
|---|---|
| Total return | +61.7% |
| Annualised (CAGR) | +4.9% |
| Volatility (annualised) | +11.3% |
| Sharpe (rf = 0) | 0.44 |
| Deepest drawdown | -35.3% |
| Drawdown peak → trough | 2017-01-17 → 2020-06-26 |
Over the 10.0 years to 2026-09-21 the fund returned +61.7% in total (+4.9% a year), with a deepest drawdown of -35.3% from 2017-01-17 to 2020-06-26. Its worst calendar year was 2018 (-8.7%), its best 2024 (+33.5%).
| Year | DBA |
|---|---|
| 2026 | +12.4% |
| 2025 | -0.6% |
| 2024 | +33.5% |
| 2023 | +7.6% |
| 2022 | +2.5% |
| 2021 | +22.4% |
| 2020 | -2.5% |
| 2019 | -0.7% |
| 2018 | -8.7% |
| 2017 | -6.1% |
| 2016 | -3.2% |
It does not say DBA is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -35.3% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.
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