Although MOO has lagged the broader market for much of the multi-year rally in U.S. equities, the ETF has recently shown signs of strength. Over the past 90 days, MOO is up more than 6% and is trading at its highest levels since late December 2013.

A mix of 53 stocks that reside primarily in the industrial and materials sectors, MOO has benefited from the shift to value from growth.

Shares of Deere (NYSEArca: DE) are up 5.6% in the past month and the stock trades at just 12.2 times forward earnings. Shares of Potash (NYSE: POT), one the largest makers of its namesake crop nutrient, have surged 12.6% over the past three months and the stock trades at 17.6 times forward earnings. Those stocks combine for 14% of MOO’s weight. [Potash Recovery Should Help These ETFs]

Market Vectors Agribusiness ETF

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