MOO vs. FARMX

Last updated Jun 4, 2026

MOO (VanEck Agribusiness ETF) and FARMX (Fidelity Agricultural Productivity Fund) are both funds - MOO is a Large Cap Blend Equities fund tracking the MVIS Global Agribusiness Index, while FARMX is a Energy Equities fund managed by Fidelity. Over the past 5 years, MOO returned -0.70%/yr vs 3.99%/yr for FARMX. Their correlation of 0.91 suggests significant overlap in exposure. MOO charges 0.55%/yr vs 0.99%/yr for FARMX.

Performance

MOO vs. FARMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Agribusiness ETF (MOO) and Fidelity Agricultural Productivity Fund (FARMX). 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 FARMX's 19.17% 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%

FARMX

• 1D: 1.84%
• 1M: -2.00%
• YTD: 19.17%
• 6M: 18.47%
• 1Y: 15.19%
• 3Y*: 6.84%
• 5Y*: 3.99%
• 10Y*: —

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

MOO vs. FARMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MOO VanEck Agribusiness ETF	10.10%	15.61%	-12.43%	-8.57%	-8.10%	23.99%	49.36%
FARMX Fidelity Agricultural Productivity Fund	19.17%	7.99%	-4.83%	-11.61%	13.68%	23.36%	53.58%

Correlation

The correlation between MOO and FARMX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020	0.91

The correlation between MOO and FARMX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

MOO vs. FARMX — 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

FARMX

FARMX Risk / Return Rank: 13
FARMX Sharpe Ratio Rank: 13
FARMX Sortino Ratio Rank: 14
FARMX Omega Ratio Rank: 12
FARMX Calmar Ratio Rank: 18
FARMX Martin Ratio Rank: 10

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. FARMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and Fidelity Agricultural Productivity Fund (FARMX). 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	FARMX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.97	-0.03
Sortino ratio: Return per unit of downside risk	1.43	1.51	-0.09
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.55	1.54	+0.01
Martin ratio: Return relative to average drawdown	3.88	3.09	+0.79
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. FARMX - Sharpe Ratio Comparison

The current MOO Sharpe Ratio is 0.95, which is comparable to the FARMX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of MOO and FARMX, 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	FARMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	0.97	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.21	-0.25
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	0.75	-0.53

Drawdowns

MOO vs. FARMX - Drawdown Comparison

The maximum MOO drawdown since its inception was -69.53%, which is greater than FARMX's maximum drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for MOO and FARMX.

Drawdown Indicators

	MOO	FARMX	Difference
Max Drawdown Largest peak-to-trough decline	-69.53%	-30.27%	-39.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-9.89%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	-19.81%	-7.02%
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	-30.27%	-9.25%
Max Drawdown (10Y) Largest decline over 10 years	-39.52%	—	—
Current Drawdown Current decline from peak	-17.50%	-4.35%	-13.15%
Average Drawdown Average peak-to-trough decline	-16.97%	-12.84%	-4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	4.93%	-1.56%

Volatility

MOO vs. FARMX - Volatility Comparison

VanEck Agribusiness ETF (MOO) and Fidelity Agricultural Productivity Fund (FARMX) have volatilities of 4.08% and 4.18%, 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.

Volatility by Period

	MOO	FARMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	4.18%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	12.15%	-1.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	15.70%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	18.95%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	19.71%	-1.52%

MOO vs. FARMX - Expense Ratio Comparison

MOO has a 0.55% expense ratio, which is lower than FARMX's 0.99% expense ratio.

Dividends

MOO vs. FARMX - Dividend Comparison

MOO's dividend yield for the trailing twelve months is around 2.24%, more than FARMX's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FARMX Fidelity Agricultural Productivity Fund	1.55%	1.85%	2.29%	1.33%	1.17%	0.71%	0.45%	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 FARMX in my portfolio?

MOO and FARMX have a correlation of 0.86, 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 FARMX?

FARMX has higher volatility (4.18%) compared to MOO (4.08%). In terms of maximum drawdown, MOO dropped -69.53% vs FARMX's -30.27%.

Which has better risk-adjusted returns?

FARMX currently has the higher Sharpe Ratio (0.97 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.