VEGI vs. OEF
VEGI (iShares MSCI Agriculture Producers ETF) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - VEGI is a Mid Cap Value Equities fund tracking the MSCI ACWI Select Agriculture Producers Investable Market Index, while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 10 years, VEGI returned 8.41%/yr vs 16.63%/yr for OEF. A 0.58 correlation means they provide meaningful diversification when combined. VEGI charges 0.39%/yr vs 0.20%/yr for OEF.
Performance
VEGI vs. OEF - Performance Comparison
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Returns By Period
In the year-to-date period, VEGI achieves a 11.86% return, which is significantly higher than OEF's 5.60% return. Over the past 10 years, VEGI has underperformed OEF with an annualized return of 8.41%, while OEF has yielded a comparatively higher 16.63% annualized return.
VEGI
- 1D
- -0.88%
- 1M
- -1.59%
- YTD
- 11.86%
- 6M
- 11.31%
- 1Y
- 7.98%
- 3Y*
- 5.45%
- 5Y*
- 3.64%
- 10Y*
- 8.41%
OEF
- 1D
- -1.41%
- 1M
- -2.70%
- YTD
- 5.60%
- 6M
- 4.83%
- 1Y
- 23.70%
- 3Y*
- 22.31%
- 5Y*
- 14.45%
- 10Y*
- 16.63%
VEGI vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEGI iShares MSCI Agriculture Producers ETF | 11.86% | 11.34% | -4.85% | -8.59% | 6.34% | 21.56% | 20.06% | 13.52% | -9.76% | 19.79% |
OEF iShares S&P 100 ETF | 5.60% | 19.80% | 30.74% | 32.71% | -21.03% | 29.18% | 21.21% | 31.87% | -4.16% | 21.82% |
Correlation
The correlation between VEGI and OEF is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.58 |
Over the past year, the correlation between VEGI and OEF has dropped to 0.15 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
VEGI vs. OEF — Risk / Return Rank
VEGI
OEF
VEGI vs. OEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Agriculture Producers ETF (VEGI) and iShares S&P 100 ETF (OEF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEGI | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.32 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.15 | -1.22 |
| Martin ratioReturn relative to average drawdown | 1.89 | 8.71 | -6.82 |
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Drawdowns
VEGI vs. OEF - Drawdown Comparison
The maximum VEGI drawdown since its inception was -37.37%, smaller than the maximum OEF drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for VEGI and OEF.
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Drawdown Indicators
| VEGI | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.37% | -54.11% | +16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -11.06% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.71% | -19.80% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.86% | -26.47% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -37.37% | -31.44% | -5.93% |
Current DrawdownCurrent decline from peak | -8.52% | -4.48% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -11.74% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 2.73% | +1.50% |
Volatility
VEGI vs. OEF - Volatility Comparison
The current volatility for iShares MSCI Agriculture Producers ETF (VEGI) is 4.12%, while iShares S&P 100 ETF (OEF) has a volatility of 5.27%. This indicates that VEGI experiences smaller price fluctuations and is considered to be less risky than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGI | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 5.27% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 10.57% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 13.42% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 17.81% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 18.48% | +0.41% |
VEGI vs. OEF - Expense Ratio Comparison
VEGI has a 0.39% expense ratio, which is higher than OEF's 0.20% expense ratio.
Dividends
VEGI vs. OEF - Dividend Comparison
VEGI's dividend yield for the trailing twelve months is around 2.00%, more than OEF's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 0.89% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
VEGI iShares MSCI Agriculture Producers ETF | 2.00% | 2.33% | 2.62% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% |
Frequently Asked Questions
VEGI and OEF have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OEF has higher volatility (5.27%) compared to VEGI (4.12%). In terms of maximum drawdown, VEGI dropped -37.37% vs OEF's -54.11%.
On 10-year performance, OEF leads with 16.63% vs 8.41% for VEGI. On fees, OEF is cheaper at 0.20% per year. On volatility, VEGI has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OEF has performed better with a 16.63% return vs 8.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OEF is cheaper with a 0.20% expense ratio, compared with 0.39% for VEGI.
VEGI has the higher dividend yield at 2.00%, compared with 0.89% for OEF.
VEGI is categorized as Mid Cap Value Equities, while OEF is Large Cap Blend Equities. VEGI tracks MSCI ACWI Select Agriculture Producers Investable Market Index, while OEF tracks S&P 100 Index. Their fees differ too: 0.39% for VEGI and 0.20% for OEF.
OEF currently has the higher Sharpe Ratio (1.78 vs 0.54), 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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