VanEck Agribusiness ETF (MOO) — Stock Correlations & Overview
Over the past year, MOO has moved most closely with FTAG, VEGI, KROP. Explore the stocks most correlated and inversely correlated with MOO below, along with its price, financials, and company profile.
Stocks correlated with MOO
Correlation of daily returns. Higher positive values move with MOO; negative values move opposite it. Informational only, not investment advice.
Most correlated with MOO
| Symbol | Company | Correlation |
|---|---|---|
| FTAG | First Trust Exchange-Traded Fund II First Trust Indxx Global Agriculture ETF | 0.86 |
| VEGI | iShares MSCI Agriculture Producers ETF | 0.84 |
| KROP | Global X AgTech & Food Innovation ETF | 0.80 |
| HAP | VanEck Natural Resources ETF | 0.71 |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 0.68 |
Frequently asked questions about MOO correlations
- Which stocks are most correlated with MOO?
- Based on one year of daily returns, the stocks most correlated with VanEck Agribusiness ETF (MOO) are FTAG (0.86), VEGI (0.84) and KROP (0.80). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MOO?
- Over the past year, the stocks most inversely correlated with VanEck Agribusiness ETF (MOO) are SMN (-0.64), EPV (-0.48) and EFZ (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MOO correlations calculated?
- We compute the correlation of daily returns between MOO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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