VanEck Vectors Agribusiness ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.2x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Agribusiness ETF seeks to replicate, before fees and expenses, the performance of the DAXglobalSM Agribusiness Index. The Index tracks securities of companies involved in the agriculture business traded on leading global exchanges.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates
Website www.vaneck.com
Inception date Sep 05, 2007
Assets (mns) $554
Currency USD
Expense ratio 54 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $21,256
Large cap (>$10bn) 62.9%
Mid cap ($2-10bn) 35.0%
Small cap (<$2bn) 2.0%
Developed mkts 90.5%
Emerging mkts 9.5%

TOP TEN HOLDINGS
ZOETIS INC 7.9 %
BAYER AG 7.9 %
IDEXX LABORATORIES INC 6.9 %
DEERE & CO 6.7 %
CORTEVA INC 4.7 %
TYSON FOODS INC-CL A 4.4 %
ARCHER-DANIELS-MIDLAND CO 4.4 %
KUBOTA CORP 4.1 %
TRACTOR SUPPLY COMPANY 3.8 %
FMC CORP 2.9 %
Total 53.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 53.1 %
GERMANY 8.3 %
JAPAN 5.8 %
NORWAY 5.7 %
MALAYSIA 3.3 %
SINGAPORE 2.9 %
BRITAIN 2.6 %
HONG KONG 2.0 %
AUSTRALIA 1.8 %
BRAZIL 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.6% -2.0% 2.5% 6.3% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.91 85%
MSCI EAFE 0.99 87%
MSCI Emg. Mkts. 0.75 76%

Technical Indicators
Recent close $58.67
30d moving avg. $54.60
Annualized volatility 16.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 48
Turnover 0.5%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $2,594

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VanEck Vectors Agribusiness ETF ETF based on the alternatives' overlap in portfolio holdings with MOO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MOO Expense: 54 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MOO
Ticker Fund
Name
Overlap1
vs MOO
(%)
Expense
ratio
(bp)
Savings
vs MOO
(bp)
ALTAR
Score™
(%)
ALTAR
vs MOO
(%)
VEGI iShares MSCI Global Agriculture Producers ETF 46.6 39 15 6.3 +0.5
FTAG First Trust Indxx Global Agriculture ETF 41.9 70 -16 6.8 +1.0
HAP VanEck Vectors Natural Resources ETF 29.3 50 4 6.6 +0.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 20.2 46 8 6.3 +0.5
PAWZ ProShares Pet Care ETF 16.1 50 4 2.6 -3.3
NANR SPDR S&P North American Natural Resources ETF 13.1 35 19 3.5 -2.4
GRES IQ Global Resources ETF 10.2 77 -23 7.7 +1.8
SOIL Global X Fertilizers/Potash ETF 10.0 69 -15 5.6 -0.3
GNR SPDR S&P Global Natural Resources ETF 9.6 40 14 6.8 +0.9
PYZ Invesco DWA Basic Materials Momentum ETF 9.0 60 -6 6.3 +0.5
FTXH First Trust Nasdaq Pharmaceuticals ETF 8.9 60 -6 7.1 +1.3
RTM Invesco S&P 500 Equal Weight Materials ETF 8.6 40 14 6.6 +0.7
FTXG First Trust Nasdaq Food & Beverage ETF 8.3 60 -6 5.8 -0.1
JHMS John Hancock Multifactor Consumer Staples ETF 8.2 40 14 6.0 +0.1
IYM iShares U.S. Basic Materials ETF 7.4 42 12 5.7 -0.1
DAX Global X DAX Germany ETF 6.9 20 34 8.3 +2.5
NORW Global X MSCI Norway ETF 6.7 50 4 11.3 +5.5
ENOR iShares MSCI Norway Capped ETF 6.7 53 1 11.3 +5.4
XLB Materials Select Sector SPDR Fund 6.7 13 41 6.1 +0.2
XPH SPDR S&P Pharmaceuticals ETF 6.5 35 19 4.8 -1.1
FTRI First Trust Indxx Global Natural Resources Income ETF 6.5 70 -16 11.9 +6.0
IHE iShares U.S. Pharmaceuticals ETF 6.3 42 12 5.2 -0.7
QDEU SPDR MSCI Germany Quality Mix ETF 6.1 14 40 8.0 +2.1
DXGE WisdomTree Germany Hedged Equity Fund 6.1 48 6 9.7 +3.9
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 6.0 40 14 6.4 +0.5
EWG iShares MSCI Germany ETF 5.8 49 5 7.6 +1.8
VAW Vanguard Materials Index Fund 5.8 10 44 6.4 +0.5
FXG First Trust Consumer Staples AlphaDEX Fund 5.7 64 -10 7.0 +1.1
PPH VanEck Vectors Pharmaceutical ETF 5.7 36 18 9.9 +4.0
DBGR Xtrackers MSCI Germany Hedged Equity ETF 5.7 45 9 7.8 +2.0
FMAT Fidelity MSCI Materials Index ETF 5.6 8 46 6.4 +0.5
FLGR Franklin FTSE Germany ETF 5.6 9 45 7.8 +1.9
IECS iShares Evolved U.S. Consumer Staples ETF 5.4 18 36 5.5 -0.4
PBJ Invesco Dynamic Food & Beverage ETF 5.1 63 -9 5.5 -0.3
FIW First Trust Water ETF 4.9 55 -1 3.9 -2.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 4.7 60 -6 6.2 +0.4
RPV Invesco S&P 500 Pure Value ETF 4.7 35 19 11.9 +6.0
CSD Invesco S&P Spin-Off ETF 4.7 62 -8 7.4 +1.5
JHMA John Hancock Multifactor Materials ETF 4.5 40 14 7.1 +1.2
FPX First Trust US IPO Index Fund 4.5 59 -5 4.2 -1.6
HEDJ WisdomTree Europe Hedged Equity Fund 4.2 58 -4 7.5 +1.7
JKI iShares Morningstar Mid-Cap Value ETF 4.0 30 24 10.0 +4.2
IDOG ALPS International Sector Dividend Dogs ETF 4.0 50 4 11.7 +5.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 4.0 25 29 6.0 +0.1
DOO WisdomTree International Dividend ex-Financials Fund 3.8 58 -4 9.3 +3.4
SPLV Invesco S&P 500 Low Volatility ETF 3.8 25 29 5.7 -0.2
CZA Invesco Zacks Mid-Cap ETF 3.7 76 -22 6.4 +0.6
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.6 60 -6 3.2 -2.7
SCIX Global X Scientific Beta Asia ex-Japan ETF 3.5 38 16 7.2 +1.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 3.5 40 14 6.3 +0.5
SYV SPDR MFS Systematic Value Equity ETF 3.3 60 -6 7.5 +1.7
EWM iShares MSCI Malaysia ETF 3.3 49 5 6.4 +0.6
SPVU Invesco S&P 500 Enhanced Value ETF 3.3 13 41 11.4 +5.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 3.3 75 -21 2.2 -3.7
SHE SPDR SSGA Gender Diversity Index ETF 3.2 20 34 5.6 -0.3
SYE SPDR MFS Systematic Core Equity ETF 3.2 60 -6 6.0 +0.1
LSLT Salt Low truBeta US Market ETF 3.2 0 54 7.3 +1.4
VDC Vanguard Consumer Staples Index Fund 3.1 10 44 5.5 -0.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.0 70 -16 6.1 +0.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 3.0 30 24 6.2 +0.4
CROP IQ Global Agribusiness Small Cap ETF 3.0 76 -22 5.2 -0.6
PEY Invesco High Yield Equity Dividend Achievers ETF 2.9 53 1 9.0 +3.1
BIBL Inspire ETF 2.9 35 19 4.8 -1.1
MXI iShares Global Materials ETF 2.9 46 8 6.4 +0.5
IVLU iShares Edge MSCI Intl Value Factor ETF 2.9 30 24 12.1 +6.2
PVAL Principal Contrarian Value Index ETF 2.9 29 25 7.8 +1.9
TPLC Timothy Plan US Large Cap Core ETF 2.8 52 2 5.5 -0.3
FXZ First Trust Materials AlphaDEX Fund 2.8 65 -11 7.8 +2.0
SPGP Invesco S&P 500 GARP ETF 2.8 35 19 7.5 +1.7
ASEA Global X Southeast Asia ETF 2.8 65 -11 10.9 +5.0
IHI iShares U.S. Medical Devices ETF 2.7 43 11 3.4 -2.5
NUMG Nuveen ESG Mid-Cap Growth ETF 2.7 40 14 3.2 -2.7
EWS iShares MSCI Singapore ETF 2.7 50 4 9.6 +3.8
IXJ iShares Global Healthcare ETF 2.7 46 8 6.1 +0.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.7 39 15 11.7 +5.8
XHE SPDR S&P Health Care Equipment ETF 2.7 35 19 1.9 -4.0
FEZ SPDR EURO STOXX 50 ETF 2.7 29 25 7.7 +1.8
FCPI Fidelity Stocks for Inflation ETF 2.7 29 25 7.0 +1.1
BLES Inspire Global Hope Large Cap ETF 2.6 61 -7 6.8 +0.9
FSTA Fidelity MSCI Consumer Staples Index ETF 2.6 8 46 5.5 -0.4
JKG iShares Morningstar Mid-Cap ETF 2.6 25 29 6.3 +0.4
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 2.5 39 15 6.4 +0.6
FXH First Trust Health Care AlphaDEX Fund 2.5 62 -8 4.3 -1.6
IWS iShares Russell Mid-Cap Value ETF 2.5 24 30 7.5 +1.7
EQWM Invesco S&P MidCap Quality ETF 2.5 25 29 5.0 -0.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 2.5 18 36 3.8 -2.0
TPHD Timothy Plan High Dividend Stock ETF 2.5 52 2 7.4 +1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.5 24 30 6.2 +0.4
JHMH John Hancock Multifactor Healthcare ETF 2.5 40 14 5.8 -0.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 2.5 20 34 11.6 +5.7
JHMI John Hancock Multifactor Industrials ETF 2.4 40 14 6.3 +0.4
ABEQ Absolute Core Strategy ETF 2.4 85 -31 4.8 -1.1
IYH iShares U.S. Healthcare ETF 2.4 43 11 5.9 +0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 2.4 29 25 7.5 +1.7
XLP Consumer Staples Select Sector SPDR Fund 2.4 13 41 5.5 -0.4
VOT Vanguard Mid-Cap Growth Index Fund 2.4 7 47 3.7 -2.2
VOE Vanguard Mid-Cap Value Index Fund 2.4 7 47 8.3 +2.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 2.4 50 4 10.4 +4.6
XLV Health Care Select Sector SPDR Fund 2.4 13 41 6.9 +1.0
MOAT VanEck Vectors Morningstar Wide Moat ETF 2.4 49 5 6.2 +0.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VanEck Vectors Agribusiness ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 54 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.