VEGI vs. IVV
Compare and contrast key facts about iShares MSCI Global Agriculture Producers ETF (VEGI) and iShares Core S&P 500 ETF (IVV).
VEGI and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both VEGI and IVV 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: VEGI or IVV.
Key characteristics
| VEGI | IVV | |
|---|---|---|
| YTD Return | -0.64% | 23.74% |
| 1Y Return | 1.11% | 35.46% |
| 3Y Return (Ann) | -0.26% | 11.02% |
| 5Y Return (Ann) | 8.45% | 16.24% |
| 10Y Return (Ann) | 6.06% | 14.02% |
| Sharpe Ratio | 0.14 | 2.86 |
| Sortino Ratio | 0.30 | 3.81 |
| Omega Ratio | 1.04 | 1.52 |
| Calmar Ratio | 0.07 | 3.06 |
| Martin Ratio | 0.42 | 17.70 |
| Ulcer Index | 4.80% | 2.01% |
| Daily Std Dev | 14.37% | 12.43% |
| Max Drawdown | -37.37% | -55.25% |
| Current Drawdown | -21.26% | -0.35% |
Correlation
The correlation between VEGI and IVV is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VEGI vs. IVV - Performance Comparison
In the year-to-date period, VEGI achieves a -0.64% return, which is significantly lower than IVV's 23.74% return. Over the past 10 years, VEGI has underperformed IVV with an annualized return of 6.06%, while IVV has yielded a comparatively higher 14.02% annualized return. 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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VEGI vs. IVV - Expense Ratio Comparison
VEGI has a 0.39% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
VEGI vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Agriculture Producers ETF (VEGI) and iShares Core S&P 500 ETF (IVV). 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
VEGI vs. IVV - Dividend Comparison
VEGI's dividend yield for the trailing twelve months is around 2.46%, more than IVV's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVV iShares Core S&P 500 ETF | 1.27% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
VEGI vs. IVV - Drawdown Comparison
The maximum VEGI drawdown since its inception was -37.37%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for VEGI and IVV. For additional features, visit the drawdowns tool.
Volatility
VEGI vs. IVV - Volatility Comparison
iShares MSCI Global Agriculture Producers ETF (VEGI) has a higher volatility of 4.06% compared to iShares Core S&P 500 ETF (IVV) at 3.05%. This indicates that VEGI's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.