Demeter Ag Aggregate · Gross-Profit-weighted
Gross-profit-weighted total-return USD equity index of the global listed ag complex
What DAA-GP tracks
DAA-GP is the gross-profit-weighted 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 gross profit at quarterly rebalances.
DAA-GP history begins in 2005. Together with DAA-CAP (capped market-cap-weighted) and DAA-EQ (equal-weighted) it makes up the three headline DAA variants over a single constituent universe, and is paired with six sector sub-indices.
Frequently asked questions
What is DAA-GP?
DAA-GP is the gross-profit-weighted 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 gross profit at quarterly rebalances.
Why weight by gross profit?
Gross profit captures economic scale rather than market-implied scale. A gross-profit-weighted construction tilts the index toward businesses generating real margin, and read against DAA-CAP it isolates the contribution of valuation re-rating versus underlying profitability.
How often is DAA-GP rebalanced?
Quarterly. Between rebalances, weights drift with relative price performance.
How can I access DAA-GP data?
Headline DAA-GP is published daily at 22:00 UTC. Granular decomposition is available to Demeter subscribers via the Demeter platform. For licensing enquiries please contact the index team.