DBA vs SCHD
DBA vs SCHD
Invesco DB Agriculture Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | DBA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.88% | 0.06% | |
| AUM | $1.2B | $103.7B | |
| Dividend Yield | 3.42% | 3.31% | |
| Holdings | 17 | 104 | |
| YTD Return | +8.06% | +24.26% | |
| 1Y Return | +9.02% | +31.38% | |
| 3Y Return (annualized) | +11.78% | +15.08% | |
| 5Y Return (annualized) | +9.91% | +9.72% | |
| Volatility (annualized) | 15.3% | 13.6% | |
| Max Drawdown | -68.0% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Commodity | Equity | |
| Inception | Jan 5, 2007 | Oct 20, 2011 |
DBA vs SCHD Performance
Invesco DB Agriculture Fund (DBA) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DBA returned +9.02% while SCHD returned +31.38%. Year to date, DBA is up 8.06% versus a gain of 24.26% for SCHD.
Over three years, DBA compounded at +11.78% per year against +15.08% for SCHD; over five years the annualized figures are +9.91% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +1.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBA has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -68.0% for DBA and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBA charges 0.88% per year while SCHD charges 0.06%. On a $10,000 position that is $88 vs $6 annually, a gap of $82 per year that compounds over a long holding period. On income, DBA currently yields 3.42% against 3.31% for SCHD.
Holdings Overlap
DBA and SCHD share 0 holdings out of 102 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DBA or SCHD?
DBA has an expense ratio of 0.88% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, DBA or SCHD?
Over the past year DBA returned +9.02% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DBA annualized +1.25% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DBA or SCHD?
DBA has been the more volatile fund at 15.3% annualized versus 13.6% for SCHD. Worst drawdown: DBA -68.0% vs SCHD -33.4%.
Should I hold both DBA and SCHD?
DBA and SCHD have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBA and SCHD?
DBA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, DBA or SCHD?
DBA yields 3.42% while SCHD yields 3.31%, so DBA currently pays the higher dividend yield.
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