VEGI vs. FPI
Compare and contrast key facts about iShares MSCI Agriculture Producers ETF (VEGI) and Farmland Partners Inc. (FPI).
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.
Performance
VEGI vs. FPI - Performance Comparison
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VEGI vs. FPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEGI iShares MSCI Agriculture Producers ETF | 18.25% | 11.34% | -4.85% | -8.59% | 6.34% | 21.56% | 20.06% | 13.52% | -9.76% | 19.79% |
FPI Farmland Partners Inc. | 17.77% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 32.09% | 53.84% | -45.13% | -17.84% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VEGI having a 18.25% return and FPI slightly lower at 17.77%. Over the past 10 years, VEGI has outperformed FPI with an annualized return of 9.60%, while FPI has yielded a comparatively lower 4.95% annualized return.
VEGI
- 1D
- 0.82%
- 1M
- -1.79%
- YTD
- 18.25%
- 6M
- 19.35%
- 1Y
- 24.93%
- 3Y*
- 5.26%
- 5Y*
- 4.71%
- 10Y*
- 9.60%
FPI
- 1D
- 0.99%
- 1M
- -13.03%
- YTD
- 17.77%
- 6M
- 7.63%
- 1Y
- 5.67%
- 3Y*
- 8.77%
- 5Y*
- 4.42%
- 10Y*
- 4.95%
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Return for Risk
VEGI vs. FPI — Risk / Return Rank
VEGI
FPI
VEGI vs. FPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Agriculture Producers ETF (VEGI) and Farmland Partners Inc. (FPI). 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.
| VEGI | FPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.24 | +1.21 |
Sortino ratioReturn per unit of downside risk | 2.20 | 0.48 | +1.71 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.06 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.32 | +2.12 |
Martin ratioReturn relative to average drawdown | 7.06 | 0.64 | +6.42 |
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
| VEGI | FPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.24 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.15 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.14 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.09 | +0.25 |
Correlation
The correlation between VEGI and FPI is 0.31, 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
VEGI vs. FPI - Dividend Comparison
VEGI's dividend yield for the trailing twelve months is around 1.97%, less than FPI's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEGI iShares MSCI Agriculture Producers ETF | 1.97% | 2.33% | 2.62% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% |
FPI Farmland Partners Inc. | 4.18% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
Drawdowns
VEGI vs. FPI - Drawdown Comparison
The maximum VEGI drawdown since its inception was -37.37%, smaller than the maximum FPI drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for VEGI and FPI.
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Drawdown Indicators
| VEGI | FPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.37% | -59.77% | +22.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -19.41% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -28.86% | -39.88% | +11.02% |
Max Drawdown (10Y)Largest decline over 10 years | -37.37% | -57.44% | +20.07% |
Current DrawdownCurrent decline from peak | -3.29% | -13.81% | +10.52% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -23.72% | +13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 9.57% | -5.92% |
Volatility
VEGI vs. FPI - Volatility Comparison
The current volatility for iShares MSCI Agriculture Producers ETF (VEGI) is 5.37%, while Farmland Partners Inc. (FPI) has a volatility of 9.35%. This indicates that VEGI experiences smaller price fluctuations and is considered to be less risky than FPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGI | FPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 9.35% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 17.06% | -5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 24.11% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 28.70% | -10.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 35.55% | -16.63% |