MOO vs. VEGI
Compare and contrast key facts about VanEck Vectors Agribusiness ETF (MOO) and iShares MSCI Global Agriculture Producers ETF (VEGI).
MOO and VEGI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOO is a passively managed fund by VanEck that tracks the performance of the DAXglobal Agribusiness Index. It was launched on Aug 31, 2007. VEGI is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index. It was launched on Jan 31, 2012. Both MOO and VEGI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOO or VEGI.
Performance
MOO vs. VEGI - Performance Comparison
Returns By Period
In the year-to-date period, MOO achieves a -7.98% return, which is significantly lower than VEGI's -2.83% return. Over the past 10 years, MOO has underperformed VEGI with an annualized return of 4.37%, while VEGI has yielded a comparatively higher 5.01% annualized return.
MOO
-7.98%
-2.99%
-5.10%
-2.77%
3.01%
4.37%
VEGI
-2.83%
-1.34%
-1.44%
1.48%
7.73%
5.01%
Key characteristics
| MOO | VEGI | |
|---|---|---|
| Sharpe Ratio | -0.23 | 0.09 |
| Sortino Ratio | -0.23 | 0.22 |
| Omega Ratio | 0.97 | 1.03 |
| Calmar Ratio | -0.10 | 0.04 |
| Martin Ratio | -0.62 | 0.26 |
| Ulcer Index | 5.30% | 4.68% |
| Daily Std Dev | 14.19% | 13.70% |
| Max Drawdown | -69.53% | -37.37% |
| Current Drawdown | -31.90% | -22.99% |
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MOO vs. VEGI - Expense Ratio Comparison
MOO has a 0.54% expense ratio, which is higher than VEGI's 0.39% expense ratio.
Correlation
The correlation between MOO and VEGI is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MOO vs. VEGI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Agribusiness ETF (MOO) and iShares MSCI Global 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.
Dividends
MOO vs. VEGI - Dividend Comparison
MOO's dividend yield for the trailing twelve months is around 3.19%, more than VEGI's 2.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOO VanEck Vectors Agribusiness ETF | 3.19% | 2.94% | 2.15% | 1.17% | 1.10% | 1.32% | 1.69% | 1.44% | 2.14% | 2.89% | 3.21% | 1.91% |
VEGI iShares MSCI Global Agriculture Producers ETF | 2.52% | 2.55% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.14% | 2.49% | 2.03% | 1.53% |
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. For additional features, visit the drawdowns tool.
Volatility
MOO vs. VEGI - Volatility Comparison
VanEck Vectors Agribusiness ETF (MOO) and iShares MSCI Global Agriculture Producers ETF (VEGI) have volatilities of 3.48% and 3.32%, 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.