MOO vs. PDBA
MOO (VanEck Agribusiness ETF) and PDBA (Invesco Agriculture Commodity Strategy No K-1 ETF) are both exchange-traded funds - MOO is a Natural Resources fund tracking the MVIS Global Agribusiness Index, while PDBA is a Agricultural Commodities fund actively managed by Invesco. MOO is passively managed, while PDBA is actively managed. Over the past 3 years, MOO returned 0.90%/yr vs 12.42%/yr for PDBA. Their 0.20 correlation means their historical movements had little consistent relationship. MOO charges 0.56%/yr vs 0.59%/yr for PDBA.
Performance
MOO vs. PDBA - Performance Comparison
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Returns By Period
In the year-to-date period, MOO achieves a 12.27% return, which is significantly higher than PDBA's 8.03% return.
MOO
- 1D
- -2.16%
- 1M
- 1.00%
- 6M
- 1.76%
- YTD
- 12.27%
- 1Y
- 16.07%
- 3Y*
- 0.90%
- 5Y*
- 0.10%
- 10Y*
- 7.40%
- ALL TIME*
- 5.50%
PDBA
- 1D
- 0.14%
- 1M
- 2.91%
- 6M
- 7.46%
- YTD
- 8.03%
- 1Y
- 11.00%
- 3Y*
- 12.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.26M | $13.98M | $22.17M | |
| $3.02M | $4.47M | $12.35M |
MOO vs. PDBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MOO VanEck Agribusiness ETF | 12.27% | 15.61% | -12.43% | -8.57% | -5.60% |
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 8.03% | -0.76% | 34.16% | 7.83% | -3.34% |
Correlation
The correlation between MOO and PDBA is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.20 |
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Return for Risk
MOO vs. PDBA — Risk / Return Rank
MOO
PDBA
MOO vs. PDBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MOO | PDBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.14 | +0.26 |
| Martin ratioReturn relative to average drawdown | 3.60 | 2.31 | +1.29 |
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Drawdowns
MOO vs. PDBA - Drawdown Comparison
The maximum MOO drawdown since its inception was -69.53%, which is greater than PDBA's maximum drawdown of -12.45%. Use the drawdown chart below to compare losses from any high point for MOO and PDBA.
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Drawdown Indicators
| MOO | PDBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.53% | -12.45% | -57.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -8.59% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -25.85% | -12.45% | -13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -39.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | — | — |
Current DrawdownCurrent decline from peak | -15.87% | -4.12% | -11.75% |
Average DrawdownAverage peak-to-trough decline | -16.97% | -3.99% | -12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 4.22% | +0.11% |
Volatility
MOO vs. PDBA - Volatility Comparison
The current volatility for VanEck Agribusiness ETF (MOO) is 4.28%, while Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) has a volatility of 4.67%. This indicates that MOO experiences smaller price fluctuations and is considered to be less risky than PDBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOO | PDBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.67% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 8.07% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.29% | 11.17% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 13.33% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 13.33% | +4.81% |
MOO vs. PDBA - Expense Ratio Comparison
MOO has a 0.56% expense ratio, which is lower than PDBA's 0.59% expense ratio.
Dividends
MOO vs. PDBA - Dividend Comparison
MOO's dividend yield for the trailing twelve months is around 2.20%, less than PDBA's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOO VanEck Agribusiness ETF | 2.20% | 2.47% | 3.41% | 2.93% | 2.15% | 1.17% | 1.10% | 1.26% | 1.69% | 1.44% | 2.14% | 2.89% |
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF | 3.08% | 3.32% | 13.01% | 6.82% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MOO and PDBA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDBA has higher volatility (4.67%) compared to MOO (4.28%). In terms of maximum drawdown, MOO dropped -69.53% vs PDBA's -12.45%.
On 3-year performance, PDBA leads with 12.42% vs 0.90% for MOO. On fees, MOO is cheaper at 0.56% per year. On volatility, MOO has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PDBA has performed better with a 12.42% return vs 0.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOO is cheaper with a 0.56% expense ratio, compared with 0.59% for PDBA.
PDBA has the higher dividend yield at 3.08%, compared with 2.20% for MOO.
MOO is categorized as Natural Resources, while PDBA is Agricultural Commodities. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.56% for MOO and 0.59% for PDBA.
MOO currently has the higher Sharpe Ratio (1.09 vs 0.87), 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.
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