UAE vs. VEGI
Compare and contrast key facts about iShares MSCI UAE ETF (UAE) and iShares MSCI Agriculture Producers ETF (VEGI).
UAE and VEGI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UAE is a passively managed fund by iShares that tracks the performance of the MSCI All UAE Capped Index. It was launched on Apr 29, 2014. 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 UAE 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.
Performance
UAE vs. VEGI - Performance Comparison
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UAE vs. VEGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UAE iShares MSCI UAE ETF | -2.46% | 21.35% | 15.25% | 2.91% | -5.36% | 44.16% | -7.23% | 1.59% | -14.42% | 4.99% |
VEGI iShares MSCI Agriculture Producers ETF | 17.29% | 11.34% | -4.85% | -8.59% | 6.34% | 21.56% | 20.06% | 13.52% | -9.76% | 19.79% |
Returns By Period
In the year-to-date period, UAE achieves a -2.46% return, which is significantly lower than VEGI's 17.29% return. Over the past 10 years, UAE has underperformed VEGI with an annualized return of 5.26%, while VEGI has yielded a comparatively higher 9.51% annualized return.
UAE
- 1D
- 4.54%
- 1M
- -12.65%
- YTD
- -2.46%
- 6M
- -0.30%
- 1Y
- 14.81%
- 3Y*
- 13.96%
- 5Y*
- 10.86%
- 10Y*
- 5.26%
VEGI
- 1D
- 0.94%
- 1M
- -2.88%
- YTD
- 17.29%
- 6M
- 16.77%
- 1Y
- 24.76%
- 3Y*
- 4.98%
- 5Y*
- 4.54%
- 10Y*
- 9.51%
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UAE vs. VEGI - Expense Ratio Comparison
UAE has a 0.59% expense ratio, which is higher than VEGI's 0.39% expense ratio.
Return for Risk
UAE vs. VEGI — Risk / Return Rank
UAE
VEGI
UAE vs. VEGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) 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.
| UAE | VEGI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 1.43 | -0.75 |
Sortino ratioReturn per unit of downside risk | 1.07 | 2.18 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.41 | -1.69 |
Martin ratioReturn relative to average drawdown | 2.52 | 7.01 | -4.50 |
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
| UAE | VEGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.43 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.26 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.50 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.34 | -0.28 |
Correlation
The correlation between UAE and VEGI is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UAE vs. VEGI - Dividend Comparison
UAE's dividend yield for the trailing twelve months is around 4.21%, more than VEGI's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAE iShares MSCI UAE ETF | 4.21% | 4.10% | 3.32% | 3.25% | 2.67% | 4.88% | 4.75% | 3.54% | 5.56% | 3.38% | 4.74% | 3.77% |
VEGI iShares MSCI Agriculture Producers ETF | 1.99% | 2.33% | 2.62% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% |
Drawdowns
UAE vs. VEGI - Drawdown Comparison
The maximum UAE drawdown since its inception was -60.49%, which is greater than VEGI's maximum drawdown of -37.37%. Use the drawdown chart below to compare losses from any high point for UAE and VEGI.
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Drawdown Indicators
| UAE | VEGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.49% | -37.37% | -23.12% |
Max Drawdown (1Y)Largest decline over 1 year | -21.50% | -10.60% | -10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -28.86% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -49.71% | -37.37% | -12.34% |
Current DrawdownCurrent decline from peak | -16.10% | -4.07% | -12.03% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -9.90% | -14.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 3.64% | +2.56% |
Volatility
UAE vs. VEGI - Volatility Comparison
iShares MSCI UAE ETF (UAE) has a higher volatility of 12.80% compared to iShares MSCI Agriculture Producers ETF (VEGI) at 5.55%. This indicates that UAE'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.
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Volatility by Period
| UAE | VEGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.80% | 5.55% | +7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 11.28% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.83% | 17.37% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.32% | 17.86% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 18.92% | +0.45% |