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CNEW.AX vs. MOAT.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CNEW.AX vs. MOAT.AX

Last updated Jul 18, 2026
Documentation

CNEW.AX (VanEck China New Economy ETF) and MOAT.AX (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - CNEW.AX is a China Equities fund tracking the MarketGrader China New Economy Index, while MOAT.AX is a Global Equities fund tracking the VanEck Morningstar Wide Moat Index. Both are passively managed. Over the past 5 years, CNEW.AX returned -2.86%/yr vs 9.70%/yr for MOAT.AX. At a 0.17 correlation, their price movements are largely independent.

Performance

CNEW.AX vs. MOAT.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck China New Economy ETF (CNEW.AX) and VanEck Morningstar Wide Moat ETF (MOAT.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CNEW.AX achieves a -4.07% return, which is significantly lower than MOAT.AX's -1.90% return.

CNEW.AX

1D
-5.82%
1M
-3.46%
6M
-8.75%
YTD
-4.07%
1Y
4.44%
3Y*
4.73%
5Y*
-2.86%
10Y*
—

MOAT.AX

1D
0.91%
1M
4.30%
6M
-5.26%
YTD
-1.90%
1Y
5.43%
3Y*
9.42%
5Y*
9.70%
10Y*
14.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNEW.AX vs. MOAT.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CNEW.AX
VanEck China New Economy ETF		-4.07%15.14%11.63%-7.15%-26.85%14.22%26.35%40.10%1.63%
MOAT.AX
VanEck Morningstar Wide Moat ETF		-1.90%5.68%20.43%30.52%-7.38%30.97%3.35%36.19%-2.57%

Correlation

The correlation between CNEW.AX and MOAT.AX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2018

0.17

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck China New Economy ETF

VanEck Morningstar Wide Moat ETF

Often compared with CNEW.AX:
CNEW.AX vs. CETF.AXCNEW.AX vs. FLOT.AXCNEW.AX vs. GDX.AXCNEW.AX vs. GRNV.AXCNEW.AX vs. MVA.AXCNEW.AX vs. MVR.AXCNEW.AX vs. QHAL.AX
Often compared with MOAT.AX:
MOAT.AX vs. FLOT.AXMOAT.AX vs. REIT.AXMOAT.AX vs. CETF.AXMOAT.AX vs. GDX.AXMOAT.AX vs. GRNV.AXMOAT.AX vs. CORE.AXMOAT.AX vs. ESGI.AX

Return for Risk

CNEW.AX vs. MOAT.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNEW.AX
CNEW.AX Risk / Return Rank: 1414
Overall Rank
CNEW.AX Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
CNEW.AX Sortino Ratio Rank: 1414
Sortino Ratio Rank
CNEW.AX Omega Ratio Rank: 1414
Omega Ratio Rank
CNEW.AX Calmar Ratio Rank: 1515
Calmar Ratio Rank
CNEW.AX Martin Ratio Rank: 1515
Martin Ratio Rank
MOAT.AX
MOAT.AX Risk / Return Rank: 1616
Overall Rank
MOAT.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
MOAT.AX Sortino Ratio Rank: 1717
Sortino Ratio Rank
MOAT.AX Omega Ratio Rank: 1616
Omega Ratio Rank
MOAT.AX Calmar Ratio Rank: 1515
Calmar Ratio Rank
MOAT.AX Martin Ratio Rank: 1414
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNEW.AX vs. MOAT.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck China New Economy ETF (CNEW.AX) and VanEck Morningstar Wide Moat ETF (MOAT.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

CNEW.AXMOAT.AXDifference
Sharpe ratioReturn per unit of total volatility
0.22
0.43

-0.21

Sortino ratioReturn per unit of downside risk
0.44
0.68

-0.24

Omega ratioGain probability vs. loss probability

1.06

1.08

-0.02

Calmar ratioReturn relative to maximum drawdown

0.32

0.34

-0.02

Martin ratioReturn relative to average drawdown

0.77

0.70

+0.07

CNEW.AX vs. MOAT.AX - Sharpe Ratio Comparison

The current CNEW.AX Sharpe Ratio is 0.22, which is lower than the MOAT.AX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of CNEW.AX and MOAT.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CNEW.AX vs. MOAT.AX - Drawdown Comparison

The maximum CNEW.AX drawdown since its inception was -46.20%, which is greater than MOAT.AX's maximum drawdown of -23.63%. Use the drawdown chart below to compare losses from any high point for CNEW.AX and MOAT.AX.

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Drawdown Indicators

CNEW.AXMOAT.AXDifference

Max Drawdown

Largest peak-to-trough decline

-46.20%

-23.63%

-22.57%

Max Drawdown (1Y)

Largest decline over 1 year

-13.25%

-15.16%

+1.91%

Max Drawdown (3Y)

Largest decline over 3 years

-27.71%

-19.11%

-8.60%

Max Drawdown (5Y)

Largest decline over 5 years

-46.20%

-19.11%

-27.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.63%

—

Current Drawdown

Current decline from peak

-18.44%

-5.26%

-13.18%

Average Drawdown

Average peak-to-trough decline

-17.27%

-3.97%

-13.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.65%

7.59%

-1.94%

Volatility

CNEW.AX vs. MOAT.AX - Volatility Comparison

VanEck China New Economy ETF (CNEW.AX) has a higher volatility of 8.26% compared to VanEck Morningstar Wide Moat ETF (MOAT.AX) at 3.42%. This indicates that CNEW.AX's price experiences larger fluctuations and is considered to be riskier than MOAT.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNEW.AXMOAT.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.26%

3.42%

+4.84%

Volatility (6M)

Calculated over the trailing 6-month period

16.34%

9.67%

+6.67%

Volatility (1Y)

Calculated over the trailing 1-year period

19.78%

12.27%

+7.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.61%

14.96%

+9.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.70%

15.47%

+9.23%

Dividends

CNEW.AX vs. MOAT.AX - Dividend Comparison

CNEW.AX's dividend yield for the trailing twelve months is around 0.79%, less than MOAT.AX's 9.96% yield.

PositionTTM20252024202320222021202020192018201720162015
CNEW.AX
VanEck China New Economy ETF		0.79%0.88%1.71%1.72%1.86%1.03%1.40%1.01%0.00%0.00%0.00%0.00%
MOAT.AX
VanEck Morningstar Wide Moat ETF		9.96%5.78%7.39%6.87%0.00%0.00%1.26%1.12%2.52%0.00%1.78%3.30%

Frequently Asked Questions

CNEW.AX and MOAT.AX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CNEW.AX is categorized as China Equities, while MOAT.AX is Global Equities. CNEW.AX tracks MarketGrader China New Economy Index, while MOAT.AX tracks VanEck Morningstar Wide Moat Index.

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