MOO vs. DIVO

Last updated Jun 4, 2026

MOO (VanEck Agribusiness ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - MOO is a Large Cap Blend Equities fund tracking the MVIS Global Agribusiness Index, while DIVO is a Derivative Income fund actively managed by Amplify. MOO is passively managed, while DIVO is actively managed. Over the past 5 years, MOO returned -0.70%/yr vs 10.61%/yr for DIVO. A 0.69 correlation means they provide meaningful diversification when combined. MOO charges 0.55%/yr vs 0.56%/yr for DIVO.

Performance

MOO vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Agribusiness ETF (MOO) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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 higher than DIVO's 5.53% 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%

DIVO

• 1D: -0.54%
• 1M: 2.34%
• YTD: 5.53%
• 6M: 5.82%
• 1Y: 18.37%
• 3Y*: 15.35%
• 5Y*: 10.61%
• 10Y*: —

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

MOO vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOO VanEck Agribusiness ETF	10.10%	15.61%	-12.43%	-8.57%	-8.10%	23.99%	14.59%	22.29%	-6.03%	21.75%
DIVO Amplify CWP Enhanced Dividend Income ETF	5.53%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.18%	21.41%

Correlation

The correlation between MOO and DIVO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016	0.69

Over the past year, the correlation between MOO and DIVO has dropped to 0.47 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

MOO vs. DIVO - Sectors Allocation Comparison

Sectors	MOO	DIVO
Consumer Defensive	37.9%	6.9%
Basic Materials	26.2%	4.1%
Industrials	20.3%	16.2%
Healthcare	15.4%	6.7%
Communication Services	-	1.0%
Consumer Cyclical	-	11.6%
Energy	-	6.8%
Financial Services	-	30.3%
Real Estate	-	-
Technology	-	14.5%
Utilities	-	2.0%

Return for Risk

MOO vs. DIVO — 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

DIVO

DIVO Risk / Return Rank: 61
DIVO Sharpe Ratio Rank: 59
DIVO Sortino Ratio Rank: 64
DIVO Omega Ratio Rank: 58
DIVO Calmar Ratio Rank: 61
DIVO Martin Ratio Rank: 61

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. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	0.95	2.06	-1.11
Sortino ratio: Return per unit of downside risk	1.43	3.05	-1.62
Omega ratio: Gain probability vs. loss probability	1.17	1.36	-0.19
Calmar ratio: Return relative to maximum drawdown	1.55	3.10	-1.55
Martin ratio: Return relative to average drawdown	3.88	11.21	-7.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOO vs. DIVO - Sharpe Ratio Comparison

The current MOO Sharpe Ratio is 0.95, which is lower than the DIVO Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of MOO and DIVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MOO	DIVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	2.06	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.89	-0.93
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	0.85	-0.63

Drawdowns

MOO vs. DIVO - Drawdown Comparison

The maximum MOO drawdown since its inception was -69.53%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for MOO and DIVO.

Drawdown Indicators

	MOO	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-69.53%	-30.04%	-39.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-5.95%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	-12.12%	-14.71%
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	-13.72%	-25.80%
Max Drawdown (10Y) Largest decline over 10 years	-39.52%	—	—
Current Drawdown Current decline from peak	-17.50%	-0.82%	-16.68%
Average Drawdown Average peak-to-trough decline	-16.97%	-2.61%	-14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.64%	+1.73%

Volatility

MOO vs. DIVO - Volatility Comparison

VanEck Agribusiness ETF (MOO) has a higher volatility of 4.08% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.01%. This indicates that MOO's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOO	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	2.01%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	6.88%	+3.69%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	8.97%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	11.94%	+5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	14.84%	+3.35%

MOO vs. DIVO - Expense Ratio Comparison

MOO has a 0.55% expense ratio, which is lower than DIVO's 0.56% expense ratio.

Dividends

MOO vs. DIVO - Dividend Comparison

MOO's dividend yield for the trailing twelve months is around 2.24%, less than DIVO's 6.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVO Amplify CWP Enhanced Dividend Income ETF	6.42%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%	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 DIVO in my portfolio?

MOO and DIVO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOO or DIVO?

MOO has higher volatility (4.08%) compared to DIVO (2.01%). In terms of maximum drawdown, MOO dropped -69.53% vs DIVO's -30.04%.

Which ETF is better, MOO or DIVO?

On 5-year performance, DIVO leads with 10.61% vs -0.70% for MOO. On fees, MOO is cheaper at 0.55% per year. On volatility, DIVO has been the lower-risk option at 2.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOO or DIVO?

Over the 5-year period, DIVO has performed better with a 10.61% return vs -0.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOO or DIVO?

MOO is cheaper with a 0.55% expense ratio, compared with 0.56% for DIVO.

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

DIVO has the higher dividend yield at 6.42%, compared with 2.24% for MOO.

What is the main difference between MOO and DIVO?

MOO is categorized as Large Cap Blend Equities, while DIVO is Derivative Income. They also come from different issuers: VanEck and Amplify. Their fees differ too: 0.55% for MOO and 0.56% for DIVO.

Which has better risk-adjusted returns?

DIVO currently has the higher Sharpe Ratio (2.06 vs 0.95), 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.