MOO vs. VEGI

Last updated Jun 13, 2026

MOO (VanEck Agribusiness ETF) and VEGI (iShares MSCI Agriculture Producers ETF) are both exchange-traded funds - MOO is a Large Cap Blend Equities fund tracking the MVIS Global Agribusiness Index, while VEGI is a Mid Cap Value Equities fund tracking the MSCI ACWI Select Agriculture Producers Investable Market Index. Both are passively managed. Over the past 10 years, MOO returned 7.09%/yr vs 8.50%/yr for VEGI. Their correlation of 0.89 suggests significant overlap in exposure. MOO charges 0.55%/yr vs 0.39%/yr for VEGI.

Performance

MOO vs. VEGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Agribusiness ETF (MOO) and iShares MSCI Agriculture Producers ETF (VEGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOO achieves a 7.97% return, which is significantly lower than VEGI's 13.92% return. Over the past 10 years, MOO has underperformed VEGI with an annualized return of 7.09%, while VEGI has yielded a comparatively higher 8.50% annualized return.

MOO

• 1D: 0.85%
• 1M: -4.12%
• YTD: 7.97%
• 6M: 8.15%
• 1Y: 8.56%
• 3Y*: 1.51%
• 5Y*: -0.93%
• 10Y*: 7.09%

VEGI

• 1D: 1.38%
• 1M: -3.45%
• YTD: 13.92%
• 6M: 12.08%
• 1Y: 10.54%
• 3Y*: 5.76%
• 5Y*: 3.49%
• 10Y*: 8.50%

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

MOO vs. VEGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOO VanEck Agribusiness ETF	7.97%	15.61%	-12.43%	-8.57%	-8.10%	23.99%	14.59%	22.29%	-6.03%	21.75%
VEGI iShares MSCI Agriculture Producers ETF	13.92%	11.34%	-4.85%	-8.59%	6.34%	21.56%	20.06%	13.52%	-9.76%	19.79%

Correlation

The correlation between MOO and VEGI is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012	0.89

The correlation between MOO and VEGI has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

MOO vs. VEGI - Sectors Allocation Comparison

Sectors	MOO	VEGI
Consumer Defensive	36.8%	33.0%
Basic Materials	25.5%	31.4%
Industrials	20.9%	34.6%
Healthcare	16.8%	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

MOO vs. VEGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MOO

MOO Risk / Return Rank: 21
MOO Sharpe Ratio Rank: 21
MOO Sortino Ratio Rank: 21
MOO Omega Ratio Rank: 20
MOO Calmar Ratio Rank: 21
MOO Martin Ratio Rank: 22

VEGI

VEGI Risk / Return Rank: 24
VEGI Sharpe Ratio Rank: 23
VEGI Sortino Ratio Rank: 24
VEGI Omega Ratio Rank: 22
VEGI Calmar Ratio Rank: 29
VEGI Martin Ratio Rank: 23

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. VEGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and iShares MSCI Agriculture Producers ETF (VEGI). 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	VEGI	Difference
Sharpe ratio: Return per unit of total volatility	0.64	0.72	-0.08
Sortino ratio: Return per unit of downside risk	1.00	1.15	-0.15
Omega ratio: Gain probability vs. loss probability	1.12	1.13	-0.02
Calmar ratio: Return relative to maximum drawdown	0.87	1.25	-0.38
Martin ratio: Return relative to average drawdown	2.42	2.64	-0.22

MOO vs. VEGI - Sharpe Ratio Comparison

The current MOO Sharpe Ratio is 0.64, which is comparable to the VEGI Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of MOO and VEGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MOO vs. VEGI - Drawdown Comparison

The maximum MOO drawdown since its inception was -69.53%, which is greater than VEGI's maximum drawdown of -37.37%. Use the drawdown chart below to compare losses from any high point for MOO and VEGI.

Drawdown Indicators

	MOO	VEGI	Difference
Max Drawdown Largest peak-to-trough decline	-69.53%	-37.37%	-32.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-8.61%	-1.77%
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	-17.71%	-9.12%
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	-28.86%	-10.66%
Max Drawdown (10Y) Largest decline over 10 years	-39.52%	-37.37%	-2.15%
Current Drawdown Current decline from peak	-19.10%	-6.83%	-12.27%
Average Drawdown Average peak-to-trough decline	-16.97%	-9.82%	-7.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	4.07%	-0.37%

Volatility

MOO vs. VEGI - Volatility Comparison

The current volatility for VanEck Agribusiness ETF (MOO) is 3.50%, while iShares MSCI Agriculture Producers ETF (VEGI) has a volatility of 4.50%. This indicates that MOO experiences smaller price fluctuations and is considered to be less risky than VEGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOO	VEGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	4.50%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	12.07%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	15.02%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	17.91%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	18.92%	-0.73%

MOO vs. VEGI - Expense Ratio Comparison

MOO has a 0.55% expense ratio, which is higher than VEGI's 0.39% expense ratio.

Dividends

MOO vs. VEGI - Dividend Comparison

MOO's dividend yield for the trailing twelve months is around 2.29%, more than VEGI's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOO VanEck Agribusiness ETF	2.29%	2.47%	3.41%	2.93%	2.15%	1.17%	1.10%	1.26%	1.69%	1.44%	2.14%	2.89%
VEGI iShares MSCI Agriculture Producers ETF	2.05%	2.33%	2.62%	2.54%	1.49%	1.46%	1.55%	1.84%	2.02%	1.75%	2.13%	2.49%

Frequently Asked Questions

Can I hold both MOO and VEGI in my portfolio?

MOO and VEGI have a correlation of 0.87, 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 VEGI?

VEGI has higher volatility (4.50%) compared to MOO (3.50%). In terms of maximum drawdown, MOO dropped -69.53% vs VEGI's -37.37%.

Which ETF is better, MOO or VEGI?

On 10-year performance, VEGI leads with 8.50% vs 7.09% for MOO. On fees, VEGI is cheaper at 0.39% per year. On volatility, MOO has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOO or VEGI?

Over the 10-year period, VEGI has performed better with a 8.50% return vs 7.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOO or VEGI?

VEGI is cheaper with a 0.39% expense ratio, compared with 0.55% for MOO.

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

MOO has the higher dividend yield at 2.29%, compared with 2.05% for VEGI.

What is the main difference between MOO and VEGI?

MOO is categorized as Large Cap Blend Equities, while VEGI is Mid Cap Value Equities. MOO tracks MVIS Global Agribusiness Index, while VEGI tracks MSCI ACWI Select Agriculture Producers Investable Market Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for MOO and 0.39% for VEGI.

Which has better risk-adjusted returns?

VEGI currently has the higher Sharpe Ratio (0.72 vs 0.64), 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.