Demeter Ag Aggregate · Capped
Capped market-cap-weighted total-return USD equity index of the global listed ag complex
What DAA-CAP tracks
DAA-CAP is the capped headline of the Demeter Ag Aggregate (DAA) family — a daily total-return USD equity index covering the global listed agriculture complex. Constituents are weighted by market capitalisation, with a 10% cap on any individual name applied at each daily rebalance.
DAA-CAP history begins in 2005 and is published daily at 22:00 UTC. It is one of three headline DAA variants — alongside DAA-EQ (equal-weighted) and DAA-GP (gross-profit-weighted) — covering the same constituent universe under different weighting schemes. Six sector sub-indices break the same universe down by value-chain segment.
Frequently asked questions
What is DAA-CAP?
DAA-CAP is the capped headline of the Demeter Ag Aggregate (DAA) family — a daily total-return USD equity index covering the global listed agriculture complex. Constituents are weighted by market capitalisation, with a 10% cap on any individual name applied at each daily rebalance.
Why a 10% cap?
Without a cap, the largest listed ag names dominate index movements and the index becomes a single-stock proxy. The 10% cap preserves market-cap signal while keeping the index broadly representative of the listed ag complex.
How does DAA-CAP relate to DAA-EQ and DAA-GP?
How can I access DAA-CAP data?
Headline DAA-CAP is published daily at 22:00 UTC. Granular decomposition (by sector, by company, by region) is available to Demeter subscribers via the Demeter platform. For licensing enquiries please contact the index team.