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.
Related data
Indices and forecasts covering the same crop and region.