- Issuer
- VanEck
- Inception Date
- Oct 4, 2022
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Morningstar US Small-Mid Cap Moat Focus
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $413M
Share Price Chart
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Performance
SMOT Performance Chart
VanEck Morningstar SMID Moat ETF (SMOT) is up 5.5% since the beginning of the year. SMOT is currently trading at $38 per share.
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Returns By Period
VanEck Morningstar SMID Moat ETF (SMOT) has returned 5.47% so far this year and 14.98% over the past 12 months.
VanEck Morningstar SMID Moat ETF
- 1D
- -0.62%
- 1M
- 0.99%
- YTD
- 5.47%
- 6M
- 4.06%
- 1Y
- 14.98%
- 3Y*
- 11.01%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SMOT Monthly Returns History
Based on dividend-adjusted daily data since Oct 6, 2022, SMOT's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2023 with a return of +11.9%, while the worst month was Oct 2023 at -7.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SMOT closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +9.3%, while the worst single day was Apr 3, 2025 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.69% | 1.06% | -5.40% | 6.12% | 2.21% | 0.03% | 5.47% | ||||||
| 2025 | 5.45% | -2.48% | -7.50% | -3.29% | 5.33% | 4.19% | 1.87% | 2.97% | -1.16% | -0.61% | 1.45% | 0.87% | 6.46% |
| 2024 | -2.86% | 6.47% | 4.70% | -6.92% | 1.89% | -1.21% | 5.94% | 1.09% | 2.34% | -0.60% | 6.78% | -6.20% | 10.71% |
| 2023 | 11.88% | -3.16% | -2.88% | -1.51% | -2.25% | 9.39% | 4.24% | -4.23% | -4.93% | -7.57% | 10.07% | 9.64% | 17.31% |
| 2022 | 0.79% | 8.02% | -4.61% | 3.85% |
Benchmark Metrics
VanEck Morningstar SMID Moat ETF has an annualized alpha of -6.66%, beta of 1.01, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since October 06, 2022.
- This ETF participated in 129.72% of S&P 500 Index downside but only 87.68% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -6.66% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.01 and R2 of 0.74, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -6.66%
- Beta
- 1.01
- R²
- 0.74
- Upside Capture
- 87.68%
- Downside Capture
- 129.72%
Expense Ratio
SMOT has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMOT ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMOT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.78 | -1.09 |
| Martin ratioReturn relative to average drawdown | 5.38 | 12.44 | -7.05 |
Dividends
Dividend History
VanEck Morningstar SMID Moat ETF provided a 1.30% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.50 | $0.50 | $0.41 | $0.21 | $0.06 |
Dividend yield | 1.30% | 1.37% | 1.18% | 0.65% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Morningstar SMID Moat ETF. 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 | $0.50 | $0.50 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2022 | $0.06 | $0.06 |
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 SMID Moat ETF. 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 SMID Moat ETF was 23.36%, occurring on Apr 8, 2025. Recovery took 171 trading sessions.
The current VanEck Morningstar SMID Moat ETF drawdown is 2.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.36%Apr 2025 | 4mo 13d | 8mo 7d | 1y 15dNov 2024 - Dec 2025 |
2023 correction2023 | -17.29%Oct 2023 | 8mo 26d | 1mo 18d | 10mo 14dFeb 2023 - Dec 2023 |
2026 pullback2026 | -8.91%Mar 2026 | 2mo 13d | 1mo 9d | 3mo 22dJan 2026 - May 2026 |
2024 pullback2024 | -8.36%Aug 2024 | 4mo 8d | 23d | 5mo 1dApr 2024 - Aug 2024 |
Bear market2022 | -6.86%Dec 2022 | 17d | 22d | 1mo 9dDec 2022 - Jan 2023 |
Drawdown Indicators
| SMOT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -56.78% | +33.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -9.10% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -18.90% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.38% | -1.80% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -10.71% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.03% | +0.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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