- ISIN
- US92107P7078
- Issuer
- VanEck
- Inception Date
- Nov 6, 2017
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MWMIX Performance Chart
VanEck Morningstar Wide Moat Fund (MWMIX) is up 0.4% since the beginning of the year. MWMIX is currently trading at $33 per share. Investors who bought $1,000 worth of MWMIX shares 5 years ago would now be looking at an investment worth $1,425.
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Returns By Period
VanEck Morningstar Wide Moat Fund (MWMIX) has returned 0.37% so far this year and 16.46% over the past 12 months.
VanEck Morningstar Wide Moat Fund
- 1D
- -0.79%
- 1M
- 4.74%
- YTD
- 0.37%
- 6M
- 0.64%
- 1Y
- 16.46%
- 3Y*
- 9.80%
- 5Y*
- 7.34%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MWMIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 21, 2017, MWMIX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +15.0%, while the worst month was Mar 2020 at -12.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MWMIX closed higher 53% of trading days. The best single day was Nov 11, 2022 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.13% | 2.09% | -9.59% | 3.81% | 3.29% | 0.28% | 0.37% | ||||||
| 2025 | 3.05% | -3.83% | -4.26% | -2.14% | 4.15% | 4.59% | 3.20% | 1.65% | 0.73% | 2.60% | 1.49% | 1.69% | 13.17% |
| 2024 | -1.82% | 4.19% | 3.57% | -4.99% | 1.44% | -0.03% | 5.39% | 4.31% | 1.74% | -2.82% | 4.49% | -4.85% | 10.30% |
| 2023 | 11.72% | -2.75% | 4.63% | 0.95% | 0.37% | 6.57% | 4.32% | -3.63% | -5.45% | -4.71% | 9.85% | 2.51% | 25.20% |
| 2022 | -2.33% | -1.16% | 1.61% | -7.51% | -0.07% | -7.50% | 9.75% | -4.93% | -9.89% | 6.70% | 8.69% | -5.35% | -13.46% |
| 2021 | -0.59% | 6.06% | 5.87% | 4.26% | 1.48% | 1.10% | 1.94% | 1.36% | -4.20% | 3.64% | -3.38% | 4.85% | 24.12% |
Benchmark Metrics
VanEck Morningstar Wide Moat Fund has an annualized alpha of -0.26%, beta of 0.94, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since December 22, 2017.
- This fund participated in 105.37% of S&P 500 Index downside but only 99.86% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.94 and R2 of 0.79, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.26%
- Beta
- 0.94
- R²
- 0.79
- Upside Capture
- 99.86%
- Downside Capture
- 105.37%
Expense Ratio
MWMIX has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MWMIX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and compare them to S&P 500 Index.
| MWMIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 2.24 | -0.96 |
Sortino ratioReturn per unit of downside risk | 1.91 | 3.07 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.93 | -1.50 |
Martin ratioReturn relative to average drawdown | 4.45 | 13.52 | -9.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
VanEck Morningstar Wide Moat Fund provided a 12.42% dividend yield over the last twelve months, with an annual payout of $4.07 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.07 | $4.07 | $3.35 | $0.25 | $2.98 | $4.51 | $2.52 | $3.16 | $2.27 | $0.07 |
Dividend yield | 12.42% | 12.47% | 10.34% | 0.77% | 11.44% | 13.44% | 8.22% | 10.84% | 9.48% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Morningstar Wide Moat Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.07 | $4.07 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.35 | $3.35 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.98 | $2.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.51 | $4.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Morningstar Wide Moat Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Morningstar Wide Moat Fund was 33.03%, occurring on Mar 23, 2020. Recovery took 111 trading sessions.
The current VanEck Morningstar Wide Moat Fund drawdown is 3.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.03%Mar 2020 | 1mo 4d | 5mo 8d | 6mo 12dFeb 2020 - Aug 2020 |
Bear market2022 | -23.90%Oct 2022 | 11mo 10d | 7mo 21d | 1y 6moNov 2021 - Jun 2023 |
2025 selloff2025 | -21.66%Apr 2025 | 4mo 13d | 3mo 16d | 7mo 29dNov 2024 - Jul 2025 |
Rate-hike selloffLate 2018 | -16.30%Dec 2018 | 3mo 1d | 1mo 23d | 4mo 24dSep 2018 - Feb 2019 |
2023 correction2023 | -15.01%Oct 2023 | 2mo 27d | 1mo 17d | 4mo 14dAug 2023 - Dec 2023 |
Drawdown Indicators
| MWMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.03% | -56.78% | +23.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -9.10% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -18.90% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.90% | -25.43% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.42% | -0.74% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -10.72% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 1.97% | +2.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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