MOO vs. VOO

Last updated Aug 2, 2026

MOO (VanEck Agribusiness ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - MOO is a Natural Resources fund tracking the MVIS Global Agribusiness Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, MOO returned 7.40%/yr vs 15.14%/yr for VOO. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MOO charges 0.56%/yr vs 0.03%/yr for VOO.

Performance

MOO vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Agribusiness ETF (MOO) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOO achieves a 12.27% return, which is significantly higher than VOO's 10.16% return. Over the past 10 years, MOO has underperformed VOO with an annualized return of 7.40%, while VOO has yielded a comparatively higher 15.14% annualized 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%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MOO VanEck Agribusiness ETF	$14.26M	$13.98M	$22.17M
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

MOO vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOO VanEck Agribusiness ETF	12.27%	15.61%	-12.43%	-8.57%	-8.10%	23.99%	14.59%	22.29%	-6.03%	21.75%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between MOO and VOO is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.74

Over the past year, the correlation between MOO and VOO has dropped to 0.28 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

MOO vs. VOO - Sectors Allocation Comparison

Sectors	MOO	VOO
Consumer Defensive	33.4%	4.5%
Basic Materials	26.1%	1.7%
Industrials	23.7%	8.5%
Healthcare	16.8%	8.9%
Communication Services	-	9.9%
Consumer Cyclical	-	9.5%
Energy	-	3.0%
Financial Services	-	11.4%
Real Estate	-	1.8%
Technology	-	38.6%
Utilities	-	2.2%

Return for Risk

MOO vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MOO

MOO Risk / Return Rank: 41
MOO Sharpe Ratio Rank: 44
MOO Sortino Ratio Rank: 44
MOO Omega Ratio Rank: 42
MOO Calmar Ratio Rank: 40
MOO Martin Ratio Rank: 36

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MOO vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.53	-0.44
Sortino ratio: Return per unit of downside risk	1.63	2.13	-0.51
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.08
Calmar ratio: Return relative to maximum drawdown	1.40	2.21	-0.81
Martin ratio: Return relative to average drawdown	3.60	9.44	-5.84

MOO vs. VOO - Sharpe Ratio Comparison

The current MOO Sharpe Ratio is 1.09, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of MOO and VOO, 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. VOO - Drawdown Comparison

The maximum MOO drawdown since its inception was -69.53%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MOO and VOO.

Drawdown Indicators

	MOO	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-69.53%	-33.99%	-35.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-8.90%	-2.27%
Max Drawdown (3Y) Largest decline over 3 years	-25.85%	-18.69%	-7.16%
Max Drawdown (5Y) Largest decline over 5 years	-39.52%	-24.52%	-15.00%
Max Drawdown (10Y) Largest decline over 10 years	-39.52%	-33.99%	-5.53%
Current Drawdown Current decline from peak	-15.87%	-1.38%	-14.49%
Average Drawdown Average peak-to-trough decline	-16.97%	-3.67%	-13.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	2.08%	+2.25%

Volatility

MOO vs. VOO - Volatility Comparison

VanEck Agribusiness ETF (MOO) has a higher volatility of 4.28% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that MOO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOO	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	3.54%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	10.10%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	12.82%	+1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	16.93%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	18.01%	+0.13%

MOO vs. VOO - Expense Ratio Comparison

MOO has a 0.56% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

MOO vs. VOO - Dividend Comparison

MOO's dividend yield for the trailing twelve months is around 2.20%, more than VOO's 1.07% 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%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both MOO and VOO in my portfolio?

MOO and VOO have a correlation of 0.28, 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 VOO?

MOO has higher volatility (4.28%) compared to VOO (3.54%). In terms of maximum drawdown, MOO dropped -69.53% vs VOO's -33.99%.

Which ETF is better, MOO or VOO?

On 10-year performance, VOO leads with 15.14% vs 7.40% for MOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOO or VOO?

Over the 10-year period, VOO has performed better with a 15.14% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOO or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.56% for MOO.

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

MOO has the higher dividend yield at 2.20%, compared with 1.07% for VOO.

What is the main difference between MOO and VOO?

MOO is categorized as Natural Resources, while VOO is S&P 500. MOO tracks MVIS Global Agribusiness Index, while VOO tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.56% for MOO and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 1.09), 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.