MOO vs. DBA
Compare and contrast key facts about VanEck Vectors Agribusiness ETF (MOO) and Invesco DB Agriculture Fund (DBA).
MOO and DBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOO is a passively managed fund by VanEck that tracks the performance of the DAXglobal Agribusiness Index. It was launched on Aug 31, 2007. DBA is a passively managed fund by Invesco that tracks the performance of the DBIQ Diversified Agriculture Index TR. It was launched on Jan 5, 2007. Both MOO and DBA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOO or DBA.
Performance
MOO vs. DBA - Performance Comparison
Returns By Period
In the year-to-date period, MOO achieves a -6.60% return, which is significantly lower than DBA's 26.86% return. Over the past 10 years, MOO has outperformed DBA with an annualized return of 4.60%, while DBA has yielded a comparatively lower 1.05% annualized return.
MOO
-6.60%
-1.39%
-2.32%
-0.92%
3.31%
4.60%
DBA
26.86%
4.16%
6.82%
24.66%
11.90%
1.05%
Key characteristics
| MOO | DBA | |
|---|---|---|
| Sharpe Ratio | -0.09 | 1.32 |
| Sortino Ratio | -0.03 | 1.83 |
| Omega Ratio | 1.00 | 1.24 |
| Calmar Ratio | -0.04 | 0.51 |
| Martin Ratio | -0.25 | 4.15 |
| Ulcer Index | 5.31% | 5.79% |
| Daily Std Dev | 14.26% | 18.21% |
| Max Drawdown | -69.53% | -67.97% |
| Current Drawdown | -30.88% | -32.70% |
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MOO vs. DBA - Expense Ratio Comparison
MOO has a 0.54% expense ratio, which is lower than DBA's 0.94% expense ratio.
Correlation
The correlation between MOO and DBA is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
MOO vs. DBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Agribusiness ETF (MOO) and Invesco DB Agriculture Fund (DBA). 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.
Dividends
MOO vs. DBA - Dividend Comparison
MOO's dividend yield for the trailing twelve months is around 3.14%, less than DBA's 3.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOO VanEck Vectors Agribusiness ETF | 3.14% | 2.94% | 2.15% | 1.17% | 1.10% | 1.32% | 1.69% | 1.44% | 2.14% | 2.89% | 3.21% | 1.91% |
DBA Invesco DB Agriculture Fund | 3.65% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MOO vs. DBA - Drawdown Comparison
The maximum MOO drawdown since its inception was -69.53%, roughly equal to the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for MOO and DBA. For additional features, visit the drawdowns tool.
Volatility
MOO vs. DBA - Volatility Comparison
VanEck Vectors Agribusiness ETF (MOO) and Invesco DB Agriculture Fund (DBA) have volatilities of 3.84% and 3.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.