MOO vs. MOAT

Last updated Jun 4, 2026

MOO (VanEck Agribusiness ETF) and MOAT (VanEck Vectors Morningstar Wide Moat ETF) are both Large Cap Blend Equities funds from VanEck - MOO tracks the MVIS Global Agribusiness Index while MOAT tracks the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, MOO returned 7.00%/yr vs 13.37%/yr for MOAT. A 0.74 correlation means they provide meaningful diversification when combined. MOO charges 0.55%/yr vs 0.48%/yr for MOAT.

Performance

MOO vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Agribusiness ETF (MOO) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). 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 MOAT's -0.94% return. Over the past 10 years, MOO has underperformed MOAT with an annualized return of 7.00%, while MOAT has yielded a comparatively higher 13.37% annualized 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%

MOAT

• 1D: -1.37%
• 1M: 3.30%
• YTD: -0.94%
• 6M: -0.69%
• 1Y: 14.97%
• 3Y*: 11.34%
• 5Y*: 8.01%
• 10Y*: 13.37%

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

MOO vs. MOAT - 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%
MOAT VanEck Vectors Morningstar Wide Moat ETF	-0.94%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%

Correlation

The correlation between MOO and MOAT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.74

Over the past year, the correlation between MOO and MOAT has dropped to 0.44 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

MOO vs. MOAT - Sectors Allocation Comparison

Sectors	MOO	MOAT
Consumer Defensive	37.9%	17.5%
Basic Materials	26.2%	-
Industrials	20.3%	13.5%
Healthcare	15.4%	16.0%
Communication Services	-	2.4%
Consumer Cyclical	-	10.3%
Energy	-	-
Financial Services	-	6.7%
Real Estate	-	0.8%
Technology	-	32.8%
Utilities	-	-

Return for Risk

MOO vs. MOAT — 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

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 29
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT 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. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). 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	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.09	-0.14
Sortino ratio: Return per unit of downside risk	1.43	1.64	-0.21
Omega ratio: Gain probability vs. loss probability	1.17	1.19	-0.02
Calmar ratio: Return relative to maximum drawdown	1.55	1.21	+0.34
Martin ratio: Return relative to average drawdown	3.88	3.77	+0.11
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. MOAT - Sharpe Ratio Comparison

The current MOO Sharpe Ratio is 0.95, which is comparable to the MOAT Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of MOO and MOAT, 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	MOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.09	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.44	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.72	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.77	-0.55

Drawdowns

MOO vs. MOAT - Drawdown Comparison

The maximum MOO drawdown since its inception was -69.53%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for MOO and MOAT.

Drawdown Indicators

	MOO	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-69.53%	-33.31%	-36.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-12.43%	+3.98%
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	-21.44%	-5.39%
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	-23.96%	-15.56%
Max Drawdown (10Y) Largest decline over 10 years	-39.52%	-33.31%	-6.21%
Current Drawdown Current decline from peak	-17.50%	-4.72%	-12.78%
Average Drawdown Average peak-to-trough decline	-16.97%	-3.83%	-13.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.98%	-0.61%

Volatility

MOO vs. MOAT - Volatility Comparison

VanEck Agribusiness ETF (MOO) has a higher volatility of 4.08% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 3.82%. This indicates that MOO's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOO	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	3.82%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	9.87%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	13.86%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	18.18%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	18.68%	-0.49%

MOO vs. MOAT - Expense Ratio Comparison

MOO has a 0.55% expense ratio, which is higher than MOAT's 0.48% expense ratio.

Dividends

MOO vs. MOAT - Dividend Comparison

MOO's dividend yield for the trailing twelve months is around 2.24%, more than MOAT's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Vectors Morningstar Wide Moat ETF	1.37%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
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 MOAT in my portfolio?

MOO and MOAT have a correlation of 0.44, 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 MOAT?

MOO has higher volatility (4.08%) compared to MOAT (3.82%). In terms of maximum drawdown, MOO dropped -69.53% vs MOAT's -33.31%.

Which ETF is better, MOO or MOAT?

On 10-year performance, MOAT leads with 13.37% vs 7.00% for MOO. On fees, MOAT is cheaper at 0.48% per year. On volatility, MOAT has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOO or MOAT?

Over the 10-year period, MOAT has performed better with a 13.37% return vs 7.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOO or MOAT?

MOAT is cheaper with a 0.48% expense ratio, compared with 0.55% for MOO.

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

MOO has the higher dividend yield at 2.24%, compared with 1.37% for MOAT.

What is the main difference between MOO and MOAT?

MOO tracks MVIS Global Agribusiness Index, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.55% for MOO and 0.48% for MOAT.

Which has better risk-adjusted returns?

MOAT currently has the higher Sharpe Ratio (1.09 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.