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.
Key characteristics
| MOO | VEGI | |
|---|---|---|
| YTD Return | -3.68% | -0.64% |
| 1Y Return | -2.42% | 1.11% |
| 3Y Return (Ann) | -6.00% | -0.26% |
| 5Y Return (Ann) | 3.89% | 8.45% |
| 10Y Return (Ann) | 5.95% | 6.06% |
| Sharpe Ratio | -0.11 | 0.14 |
| Sortino Ratio | -0.05 | 0.30 |
| Omega Ratio | 0.99 | 1.04 |
| Calmar Ratio | -0.05 | 0.07 |
| Martin Ratio | -0.31 | 0.42 |
| Ulcer Index | 5.24% | 4.80% |
| Daily Std Dev | 15.01% | 14.37% |
| Max Drawdown | -69.53% | -37.37% |
| Current Drawdown | -28.71% | -21.26% |
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.
Performance
MOO vs. VEGI - Performance Comparison
In the year-to-date period, MOO achieves a -3.68% return, which is significantly lower than VEGI's -0.64% return. Both investments have delivered pretty close results over the past 10 years, with MOO having a 5.95% annualized return and VEGI not far ahead at 6.06%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 3.05%, more than VEGI's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOO VanEck Vectors Agribusiness ETF | 3.05% | 2.93% | 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 | 2.46% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 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) has a higher volatility of 4.49% compared to iShares MSCI Global Agriculture Producers ETF (VEGI) at 4.06%. This indicates that MOO's price experiences larger fluctuations and is considered to be riskier than VEGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.