EQAL vs. MOO

Last updated Aug 2, 2026

EQAL (Invesco Russell 1000 Equal Weight ETF) and MOO (VanEck Agribusiness ETF) are both exchange-traded funds - EQAL is a Mid Cap Blend Equities fund tracking the Russell 1000 Equal Weight Index, while MOO is a Natural Resources fund tracking the MVIS Global Agribusiness Index. Both are passively managed. Over the past 10 years, EQAL returned 10.52%/yr vs 7.40%/yr for MOO. Their 0.80 correlation means they have sometimes moved together and sometimes differently. EQAL charges 0.20%/yr vs 0.56%/yr for MOO.

Performance

EQAL vs. MOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Equal Weight ETF (EQAL) and VanEck Agribusiness ETF (MOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQAL achieves a 13.65% return, which is significantly higher than MOO's 12.27% return. Over the past 10 years, EQAL has outperformed MOO with an annualized return of 10.52%, while MOO has yielded a comparatively lower 7.40% annualized return.

EQAL

• 1D: -0.15%
• 1M: -0.32%
• 6M: 9.29%
• YTD: 13.65%
• 1Y: 22.55%
• 3Y*: 12.95%
• 5Y*: 7.35%
• 10Y*: 10.52%
• ALL TIME*: 9.47%

MOO

• 1D: -2.16%
• 1M: 1.00%
• 6M: 1.76%
• YTD: 12.27%
• 1Y: 16.07%
• 3Y*: 0.90%
• 5Y*: 0.10%
• 10Y*: 7.40%
• ALL TIME*: 5.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQAL Invesco Russell 1000 Equal Weight ETF	$1.43M	$1.64M	$1.88M
MOO VanEck Agribusiness ETF	$14.26M	$13.98M	$22.17M

EQAL vs. MOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQAL Invesco Russell 1000 Equal Weight ETF	13.65%	11.05%	11.38%	11.98%	-13.49%	23.14%	16.57%	24.54%	-9.22%	17.36%
MOO VanEck Agribusiness ETF	12.27%	15.61%	-12.43%	-8.57%	-8.10%	23.99%	14.59%	22.29%	-6.03%	21.75%

Correlation

The correlation between EQAL and MOO is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Dec 29, 2014	0.80

Over the past year, the correlation between EQAL and MOO has dropped to 0.59 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

EQAL vs. MOO - Sectors Allocation Comparison

Sectors	EQAL	MOO
Technology	14.2%	-
Industrials	10.4%	23.7%
Healthcare	10.3%	16.8%
Real Estate	9.3%	-
Financial Services	9.1%	-
Utilities	8.4%	-
Consumer Defensive	8.3%	33.4%
Energy	8.0%	-
Consumer Cyclical	7.9%	-
Basic Materials	7.4%	26.1%
Communication Services	6.8%	-

Return for Risk

EQAL vs. MOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EQAL

EQAL Risk / Return Rank: 80
EQAL Sharpe Ratio Rank: 77
EQAL Sortino Ratio Rank: 79
EQAL Omega Ratio Rank: 76
EQAL Calmar Ratio Rank: 84
EQAL Martin Ratio Rank: 84

MOO

MOO Risk / Return Rank: 41
MOO Sharpe Ratio Rank: 44
MOO Sortino Ratio Rank: 44
MOO Omega Ratio Rank: 42
MOO Calmar Ratio Rank: 40
MOO Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EQAL vs. MOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and VanEck Agribusiness ETF (MOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EQAL	MOO	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.09	+0.67
Sortino ratio: Return per unit of downside risk	2.54	1.63	+0.91
Omega ratio: Gain probability vs. loss probability	1.31	1.19	+0.12
Calmar ratio: Return relative to maximum drawdown	3.19	1.40	+1.79
Martin ratio: Return relative to average drawdown	11.58	3.60	+7.99

EQAL vs. MOO - Sharpe Ratio Comparison

The current EQAL Sharpe Ratio is 1.76, which is higher than the MOO Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of EQAL and MOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQAL vs. MOO - Drawdown Comparison

The maximum EQAL drawdown since its inception was -40.44%, smaller than the maximum MOO drawdown of -69.53%. Use the drawdown chart below to compare losses from any high point for EQAL and MOO.

Drawdown Indicators

	EQAL	MOO	Difference
Max Drawdown Largest peak-to-trough decline	-40.44%	-69.53%	+29.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-11.17%	+4.50%
Max Drawdown (3Y) Largest decline over 3 years	-19.62%	-25.85%	+6.23%
Max Drawdown (5Y) Largest decline over 5 years	-21.79%	-39.52%	+17.73%
Max Drawdown (10Y) Largest decline over 10 years	-40.44%	-39.52%	-0.92%
Current Drawdown Current decline from peak	-0.85%	-15.87%	+15.02%
Average Drawdown Average peak-to-trough decline	-5.03%	-16.97%	+11.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	4.33%	-2.49%

Volatility

EQAL vs. MOO - Volatility Comparison

The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 2.24%, while VanEck Agribusiness ETF (MOO) has a volatility of 4.28%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than MOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQAL	MOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	4.28%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	8.59%	11.00%	-2.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	14.29%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	17.18%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	18.14%	+0.64%

EQAL vs. MOO - Expense Ratio Comparison

EQAL has a 0.20% expense ratio, which is lower than MOO's 0.56% expense ratio.

Dividends

EQAL vs. MOO - Dividend Comparison

EQAL's dividend yield for the trailing twelve months is around 1.69%, less than MOO's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQAL Invesco Russell 1000 Equal Weight ETF	1.69%	1.79%	1.62%	1.88%	1.95%	1.32%	1.63%	1.61%	1.62%	1.18%	1.57%	1.64%
MOO VanEck Agribusiness ETF	2.20%	2.47%	3.41%	2.93%	2.15%	1.17%	1.10%	1.26%	1.69%	1.44%	2.14%	2.89%

Frequently Asked Questions

Can I hold both EQAL and MOO in my portfolio?

EQAL and MOO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQAL or MOO?

MOO has higher volatility (4.28%) compared to EQAL (2.24%). In terms of maximum drawdown, EQAL dropped -40.44% vs MOO's -69.53%.

Which ETF is better, EQAL or MOO?

On 10-year performance, EQAL leads with 10.52% vs 7.40% for MOO. On fees, EQAL is cheaper at 0.20% per year. On volatility, EQAL has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQAL or MOO?

Over the 10-year period, EQAL has performed better with a 10.52% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQAL or MOO?

EQAL is cheaper with a 0.20% expense ratio, compared with 0.56% for MOO.

Which ETF pays a higher dividend yield, EQAL or MOO?

MOO has the higher dividend yield at 2.20%, compared with 1.69% for EQAL.

What is the main difference between EQAL and MOO?

EQAL is categorized as Mid Cap Blend Equities, while MOO is Natural Resources. EQAL tracks Russell 1000 Equal Weight Index, while MOO tracks MVIS Global Agribusiness Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.20% for EQAL and 0.56% for MOO.

Which has better risk-adjusted returns?

EQAL currently has the higher Sharpe Ratio (1.76 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.