MOO vs. WEAT
MOO (VanEck Agribusiness ETF) and WEAT (Teucrium Wheat Fund) are both exchange-traded funds - MOO is a Large Cap Blend Equities fund tracking the MVIS Global Agribusiness Index, while WEAT is a Agricultural Commodities fund tracking the Teucrium Wheat Fund Benchmark. Both are passively managed. Over the past 10 years, MOO returned 7.00%/yr vs -6.84%/yr for WEAT. At a 0.10 correlation, their price movements are largely independent. MOO charges 0.55%/yr vs 1.91%/yr for WEAT.
Performance
MOO vs. WEAT - Performance Comparison
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Returns By Period
In the year-to-date period, MOO achieves a 10.10% return, which is significantly lower than WEAT's 13.52% return. Over the past 10 years, MOO has outperformed WEAT with an annualized return of 7.00%, while WEAT has yielded a comparatively lower -6.84% annualized return.
MOO
- 1D
- 0.48%
- 1M
- -4.21%
- YTD
- 10.10%
- 6M
- 11.54%
- 1Y
- 13.06%
- 3Y*
- 3.07%
- 5Y*
- -0.70%
- 10Y*
- 7.00%
WEAT
- 1D
- -2.07%
- 1M
- -6.32%
- YTD
- 13.52%
- 6M
- 8.73%
- 1Y
- -0.35%
- 3Y*
- -10.48%
- 5Y*
- -7.95%
- 10Y*
- -6.84%
MOO vs. WEAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOO VanEck Agribusiness ETF | 10.10% | 15.61% | -12.43% | -8.57% | -8.10% | 23.99% | 14.59% | 22.29% | -6.03% | 21.75% |
WEAT Teucrium Wheat Fund | 13.52% | -17.14% | -19.26% | -25.19% | 7.98% | 19.39% | 5.81% | -1.35% | -1.17% | -12.79% |
Correlation
The correlation between MOO and WEAT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.10 |
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Return for Risk
MOO vs. WEAT — Risk / Return Rank
MOO
WEAT
MOO vs. WEAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Agribusiness ETF (MOO) and Teucrium Wheat Fund (WEAT). 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.
| MOO | WEAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.02 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.02 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.88 | -0.03 | +3.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MOO | WEAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | -0.02 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.26 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | -0.26 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.41 | +0.63 |
Drawdowns
MOO vs. WEAT - Drawdown Comparison
The maximum MOO drawdown since its inception was -69.53%, smaller than the maximum WEAT drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for MOO and WEAT.
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Drawdown Indicators
| MOO | WEAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.53% | -84.32% | +14.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -17.85% | +9.40% |
Max Drawdown (3Y)Largest decline over 3 years | -26.83% | -46.27% | +19.44% |
Max Drawdown (5Y)Largest decline over 5 years | -39.52% | -67.83% | +28.31% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -67.83% | +28.31% |
Current DrawdownCurrent decline from peak | -17.50% | -82.12% | +64.62% |
Average DrawdownAverage peak-to-trough decline | -16.97% | -63.12% | +46.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 11.29% | -7.92% |
Volatility
MOO vs. WEAT - Volatility Comparison
The current volatility for VanEck Agribusiness ETF (MOO) is 4.08%, while Teucrium Wheat Fund (WEAT) has a volatility of 10.00%. This indicates that MOO experiences smaller price fluctuations and is considered to be less risky than WEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOO | WEAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 10.00% | -5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 18.05% | -7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 22.62% | -8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 30.51% | -13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 26.80% | -8.61% |
MOO vs. WEAT - Expense Ratio Comparison
MOO has a 0.55% expense ratio, which is lower than WEAT's 1.91% expense ratio.
Dividends
MOO vs. WEAT - Dividend Comparison
MOO's dividend yield for the trailing twelve months is around 2.24%, while WEAT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOO VanEck Agribusiness ETF | 2.24% | 2.47% | 3.41% | 2.93% | 2.15% | 1.17% | 1.10% | 1.26% | 1.69% | 1.44% | 2.14% | 2.89% |
WEAT Teucrium Wheat Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MOO and WEAT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAT has higher volatility (10.00%) compared to MOO (4.08%). In terms of maximum drawdown, MOO dropped -69.53% vs WEAT's -84.32%.
On 10-year performance, MOO leads with 7.00% vs -6.84% for WEAT. On fees, MOO is cheaper at 0.55% per year. On volatility, MOO has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MOO has performed better with a 7.00% return vs -6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOO is cheaper with a 0.55% expense ratio, compared with 1.91% for WEAT.
MOO has the higher dividend yield at 2.24%, compared with 0.00% for WEAT.
MOO is categorized as Large Cap Blend Equities, while WEAT is Agricultural Commodities. MOO tracks MVIS Global Agribusiness Index, while WEAT tracks Teucrium Wheat Fund Benchmark. They also come from different issuers: VanEck and Teucrium. Their fees differ too: 0.55% for MOO and 1.91% for WEAT.
MOO currently has the higher Sharpe Ratio (0.95 vs -0.02), 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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