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EWM vs. MOAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWM vs. MOAT

Last updated Jun 13, 2026

EWM (iShares MSCI Malaysia ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - EWM is a Asia Pacific Equities fund tracking the MSCI Malaysia Index, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, EWM returned 2.79%/yr vs 13.47%/yr for MOAT. At a 0.47 correlation, their price movements are largely independent. EWM charges 0.49%/yr vs 0.47%/yr for MOAT.

Performance

EWM vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Malaysia ETF (EWM) and VanEck Morningstar Wide Moat ETF (MOAT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWM achieves a 2.89% return, which is significantly higher than MOAT's -0.66% return. Over the past 10 years, EWM has underperformed MOAT with an annualized return of 2.79%, while MOAT has yielded a comparatively higher 13.47% annualized return.

EWM

1D
0.25%
1M
-6.82%
YTD
2.89%
6M
6.00%
1Y
19.03%
3Y*
14.97%
5Y*
4.69%
10Y*
2.79%

MOAT

1D
0.41%
1M
3.44%
YTD
-0.66%
6M
-1.22%
1Y
12.57%
3Y*
10.55%
5Y*
7.78%
10Y*
13.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWM vs. MOAT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWM
iShares MSCI Malaysia ETF		2.89%15.74%19.46%-3.61%-6.00%-7.40%3.12%-1.41%-6.28%24.25%
MOAT
VanEck Morningstar Wide Moat ETF		-0.66%13.20%10.73%31.89%-13.66%24.12%14.84%34.79%-1.28%23.18%

Correlation

The correlation between EWM and MOAT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.39

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

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Apr 25, 2012

0.47

EWM vs. MOAT - Sectors Allocation Comparison

Sectors
EWM
MOAT

Financial Services

46.6%
6.7%

Industrials

11.1%
13.5%

Utilities

10.8%

-

Basic Materials

8.9%

-

Consumer Defensive

7.3%
17.5%

Communication Services

6.6%
2.4%

Energy

3.9%

-

Healthcare

3.8%
16.0%

Consumer Cyclical

1.1%
10.3%

Real Estate

-

0.8%

Technology

-

32.8%

Financial Services

EWM
46.6%
MOAT
6.7%

Industrials

EWM
11.1%
MOAT
13.5%

Utilities

EWM
10.8%
MOAT

-

Basic Materials

EWM
8.9%
MOAT

-

Consumer Defensive

EWM
7.3%
MOAT
17.5%

Communication Services

EWM
6.6%
MOAT
2.4%

Energy

EWM
3.9%
MOAT

-

Healthcare

EWM
3.8%
MOAT
16.0%

Consumer Cyclical

EWM
1.1%
MOAT
10.3%

Real Estate

EWM

-

MOAT
0.8%

Technology

EWM

-

MOAT
32.8%

Compare stocks, funds, or ETFs

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

iShares MSCI Malaysia ETF

VanEck Morningstar Wide Moat ETF

Often compared with EWM:
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Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO

Return for Risk

EWM vs. MOAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWM
EWM Risk / Return Rank: 4444
Overall Rank
EWM Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
EWM Sortino Ratio Rank: 4343
Sortino Ratio Rank
EWM Omega Ratio Rank: 4141
Omega Ratio Rank
EWM Calmar Ratio Rank: 4848
Calmar Ratio Rank
EWM Martin Ratio Rank: 4646
Martin Ratio Rank
MOAT
MOAT Risk / Return Rank: 2626
Overall Rank
MOAT Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
MOAT Sortino Ratio Rank: 2828
Sortino Ratio Rank
MOAT Omega Ratio Rank: 2626
Omega Ratio Rank
MOAT Calmar Ratio Rank: 2424
Calmar Ratio Rank
MOAT Martin Ratio Rank: 2626
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.

EWM vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Malaysia ETF (EWM) and VanEck Morningstar Wide Moat ETF (MOAT). 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.

EWMMOATDifference
Sharpe ratioReturn per unit of total volatility
1.36
0.91

+0.45

Sortino ratioReturn per unit of downside risk
1.92
1.39

+0.54

Omega ratioGain probability vs. loss probability

1.24

1.16

+0.08

Calmar ratioReturn relative to maximum drawdown

2.09

1.02

+1.08

Martin ratioReturn relative to average drawdown

6.65

3.11

+3.54

EWM vs. MOAT - Sharpe Ratio Comparison

The current EWM Sharpe Ratio is 1.36, which is higher than the MOAT Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of EWM and MOAT, 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

EWM vs. MOAT - Drawdown Comparison

The maximum EWM drawdown since its inception was -89.19%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for EWM and MOAT.

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Drawdown Indicators

EWMMOATDifference

Max Drawdown

Largest peak-to-trough decline

-89.19%

-33.31%

-55.88%

Max Drawdown (1Y)

Largest decline over 1 year

-9.14%

-12.43%

+3.29%

Max Drawdown (3Y)

Largest decline over 3 years

-21.31%

-21.44%

+0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-22.76%

-23.96%

+1.20%

Max Drawdown (10Y)

Largest decline over 10 years

-43.81%

-33.31%

-10.50%

Current Drawdown

Current decline from peak

-9.08%

-4.45%

-4.63%

Average Drawdown

Average peak-to-trough decline

-31.80%

-3.83%

-27.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

4.06%

-1.19%

Volatility

EWM vs. MOAT - Volatility Comparison

iShares MSCI Malaysia ETF (EWM) and VanEck Morningstar Wide Moat ETF (MOAT) have volatilities of 3.97% and 4.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWMMOATDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.97%

4.13%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

9.90%

+1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

14.10%

13.93%

+0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.72%

18.20%

-4.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.27%

18.68%

-2.41%

EWM vs. MOAT - Expense Ratio Comparison

EWM has a 0.49% expense ratio, which is higher than MOAT's 0.47% expense ratio.

Dividends

EWM vs. MOAT - Dividend Comparison

EWM's dividend yield for the trailing twelve months is around 3.32%, more than MOAT's 1.36% yield.

PositionTTM20252024202320222021202020192018201720162015
EWM
iShares MSCI Malaysia ETF		3.32%3.41%3.32%3.47%3.00%6.48%1.89%2.91%3.84%5.58%5.97%37.54%
MOAT
VanEck Morningstar Wide Moat ETF		1.36%1.36%1.37%0.86%1.25%1.08%1.46%1.31%1.79%1.07%1.17%2.13%

Frequently Asked Questions

EWM and MOAT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MOAT has higher volatility (4.13%) compared to EWM (3.97%). In terms of maximum drawdown, EWM dropped -89.19% vs MOAT's -33.31%.

On 10-year performance, MOAT leads with 13.47% vs 2.79% for EWM. On fees, MOAT is cheaper at 0.47% per year. On volatility, EWM has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MOAT has performed better with a 13.47% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MOAT is cheaper with a 0.47% expense ratio, compared with 0.49% for EWM.

EWM has the higher dividend yield at 3.32%, compared with 1.36% for MOAT.

EWM is categorized as Asia Pacific Equities, while MOAT is Large Cap Blend Equities. EWM tracks MSCI Malaysia Index, while MOAT tracks Morningstar Wide Moat Focus Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.49% for EWM and 0.47% for MOAT.

EWM currently has the higher Sharpe Ratio (1.36 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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