Agribusiness vs the S&P 500 (MOO): is it outperforming?
Over the past month, MOO has underperformed the S&P 500 by 2.5 points. Here is where that puts it in the sector rotation — updated daily.
Where MOO sits on the rotation map
Agribusiness highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.
MOO vs SPY: head-to-head returns
MOO (agribusiness) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means MOO won that window.
Data as of 2026-08-28 · computed from daily adjusted closes · how we measure
The read
Agribusiness (MOO) is losing its lead. It built a 7.4-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 2.5 points behind the market — the Cooling quadrant of the rotation map. Ranked by one-month spread, it currently stands #70 of the 115 groups Zensei tracks.
On the shorter tape, MOO's momentum is mixed: the longer intraday trend is still positive, but the recent windows have gone flat. MOO's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The longer trend remains healthier than the recent tape suggests — the kind of divergence worth rechecking in a week.
The exposure comes via VanEck Agribusiness ETF, whose 17 tracked holdings are led by CORTEVA INC, DEERE & CO and ZOETIS INC CLASS A. Weighted by portfolio, the fund's holdings trade at roughly 29.0× earnings and 2.0× sales. The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
What's inside MOO
Top 5 of 17 tracked holdings, by portfolio weight.
Agribusiness vs the market — common questions
Is agribusiness outperforming the S&P 500?
Right now, no: over the past month MOO has underperformed the S&P 500 by 2.5 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is MOO?
MOO is VanEck Agribusiness ETF, the fund Zensei uses to measure the agribusiness group against the S&P 500 benchmark (SPY).
Which stocks are in MOO?
MOO's largest tracked positions are CORTEVA INC, DEERE & CO, ZOETIS INC CLASS A, ARCHER-DANIELS-MIDLAND CO, TYSON FOODS INC CLASS A — 17 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is agribusiness in right now?
As of the latest daily data, agribusiness is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track agribusiness against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.