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ETF Winners and Losers From Q1 2013

A roundup of the best and worst funds from the past three months

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Worst ETF (Medium Volume): PowerShares DB Agriculture Fund

PowerShares185YTD Performance: -7%

Last summer was one of the worst droughts on record. As a result, agricultural commodity prices skyrocketed. Since then, though, they’ve come back to earth, giving up almost all their gains.

The PowerShares DB Agriculture Fund (NYSE:DBA) replicates the DB Agriculture Index, which invests in future contracts for commodities like corn, soybeans and sugar. The DBA is down 7% in the first quarter and roughly the same over the past year. Considering how badly investors panicked about prices last summer, it’s crazy where the fund sits almost a year later.

While I’m not a weather professional, I find it hard to imagine another summer like 2012. Therefore, it’s very possible the fund will endure more pain in the quarters to come.

Article printed from InvestorPlace Media,

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