VEGI vs. MOO
Compare and contrast key facts about iShares MSCI Global Agriculture Producers ETF (VEGI) and VanEck Vectors Agribusiness ETF (MOO).
VEGI and MOO 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. MOO is a passively managed fund by VanEck that tracks the performance of the DAXglobal Agribusiness Index. It was launched on Aug 31, 2007. Both VEGI and MOO 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 MOO.
Key characteristics
| VEGI | MOO | |
|---|---|---|
| YTD Return | -0.64% | -3.68% |
| 1Y Return | 1.11% | -2.42% |
| 3Y Return (Ann) | -0.26% | -6.00% |
| 5Y Return (Ann) | 8.45% | 3.89% |
| 10Y Return (Ann) | 6.06% | 5.95% |
| Sharpe Ratio | 0.14 | -0.11 |
| Sortino Ratio | 0.30 | -0.05 |
| Omega Ratio | 1.04 | 0.99 |
| Calmar Ratio | 0.07 | -0.05 |
| Martin Ratio | 0.42 | -0.31 |
| Ulcer Index | 4.80% | 5.24% |
| Daily Std Dev | 14.37% | 15.01% |
| Max Drawdown | -37.37% | -69.53% |
| Current Drawdown | -21.26% | -28.71% |
Correlation
The correlation between VEGI and MOO is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VEGI vs. MOO - Performance Comparison
In the year-to-date period, VEGI achieves a -0.64% return, which is significantly higher than MOO's -3.68% return. Both investments have delivered pretty close results over the past 10 years, with VEGI having a 6.06% annualized return and MOO not far behind at 5.95%. 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. MOO - Expense Ratio Comparison
VEGI has a 0.39% expense ratio, which is lower than MOO's 0.54% expense ratio.
Risk-Adjusted Performance
VEGI vs. MOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Agriculture Producers ETF (VEGI) and VanEck Vectors Agribusiness ETF (MOO). 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. MOO - Dividend Comparison
VEGI's dividend yield for the trailing twelve months is around 2.46%, less than MOO's 3.05% 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% |
MOO VanEck Vectors Agribusiness ETF | 3.05% | 2.93% | 2.15% | 1.17% | 1.10% | 1.32% | 1.69% | 1.44% | 2.14% | 2.89% | 3.21% | 1.91% |
Drawdowns
VEGI vs. MOO - Drawdown Comparison
The maximum VEGI drawdown since its inception was -37.37%, smaller than the maximum MOO drawdown of -69.53%. Use the drawdown chart below to compare losses from any high point for VEGI and MOO. For additional features, visit the drawdowns tool.
Volatility
VEGI vs. MOO - Volatility Comparison
The current volatility for iShares MSCI Global Agriculture Producers ETF (VEGI) is 4.06%, while VanEck Vectors Agribusiness ETF (MOO) has a volatility of 4.49%. This indicates that VEGI experiences smaller price fluctuations and is considered to be less risky than MOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.