MOO vs. AFOS

Last updated Jun 4, 2026

MOO (VanEck Agribusiness ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. At a 0.28 correlation, their price movements are largely independent. MOO charges 0.55%/yr vs 0.45%/yr for AFOS.

Performance

MOO vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Agribusiness ETF (MOO) and ARS Focused Opportunities Strategy ETF (AFOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOO achieves a 10.10% return, which is significantly lower than AFOS's 32.04% return.

MOO

• 1D: 0.48%
• 1M: -4.21%
• YTD: 10.10%
• 6M: 11.54%
• 1Y: 13.06%
• 3Y*: 3.07%
• 5Y*: -0.70%
• 10Y*: 7.00%

AFOS

• 1D: -0.29%
• 1M: 8.94%
• YTD: 32.04%
• 6M: 37.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MOO vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
MOO VanEck Agribusiness ETF	10.10%	1.78%
AFOS ARS Focused Opportunities Strategy ETF	32.04%	36.15%

Correlation

The correlation between MOO and AFOS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.28

Return for Risk

MOO vs. AFOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MOO

MOO Risk / Return Rank: 27
MOO Sharpe Ratio Rank: 26
MOO Sortino Ratio Rank: 26
MOO Omega Ratio Rank: 24
MOO Calmar Ratio Rank: 31
MOO Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MOO vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and ARS Focused Opportunities Strategy ETF (AFOS). 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.

	MOO	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	0.95	—	—
Sortino ratio: Return per unit of downside risk	1.43	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.55	—	—
Martin ratio: Return relative to average drawdown	3.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MOO	AFOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	4.35	-4.12

Drawdowns

MOO vs. AFOS - Drawdown Comparison

The maximum MOO drawdown since its inception was -69.53%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for MOO and AFOS.

Drawdown Indicators

	MOO	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-69.53%	-11.52%	-58.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.52%	—	—
Current Drawdown Current decline from peak	-17.50%	-0.29%	-17.21%
Average Drawdown Average peak-to-trough decline	-16.97%	-1.37%	-15.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	—	—

Volatility

Volatility by Period

	MOO	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	20.19%	-6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	20.19%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	20.19%	-2.00%

MOO vs. AFOS - Expense Ratio Comparison

MOO has a 0.55% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

MOO vs. AFOS - Dividend Comparison

MOO's dividend yield for the trailing twelve months is around 2.24%, more than AFOS's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MOO VanEck Agribusiness ETF	2.24%	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 MOO and AFOS in my portfolio?

MOO and AFOS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MOO or AFOS?

On fees, AFOS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MOO or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.55% for MOO.

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

MOO has the higher dividend yield at 2.24%, compared with 0.22% for AFOS.

What is the main difference between MOO and AFOS?

They also come from different issuers: VanEck and ARS Investment Partners. Their fees differ too: 0.55% for MOO and 0.45% for AFOS.