GENZ vs. MOAT

Last updated Jun 4, 2026

GENZ (VanEck Digital Native Economy ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - GENZ is a Technology Equities fund tracking the MarketVector Digital Native Economy 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, GENZ returned 2.44%/yr vs 13.37%/yr for MOAT. A 0.62 correlation means they provide meaningful diversification when combined. GENZ charges 0.50%/yr vs 0.47%/yr for MOAT.

Performance

GENZ vs. MOAT - Performance Comparison

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

Returns By Period

In the year-to-date period, GENZ achieves a -15.11% return, which is significantly lower than MOAT's -0.94% return. Over the past 10 years, GENZ has underperformed MOAT with an annualized return of 2.44%, while MOAT has yielded a comparatively higher 13.37% annualized return.

GENZ

• 1D: -2.34%
• 1M: -4.97%
• YTD: -15.11%
• 6M: -15.40%
• 1Y: -7.41%
• 3Y*: -5.47%
• 5Y*: -7.13%
• 10Y*: 2.44%

MOAT

• 1D: -1.37%
• 1M: 3.30%
• YTD: -0.94%
• 6M: -0.69%
• 1Y: 14.97%
• 3Y*: 11.34%
• 5Y*: 8.01%
• 10Y*: 13.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GENZ vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GENZ VanEck Digital Native Economy ETF	-15.11%	4.15%	-1.39%	11.52%	-12.83%	-4.30%	12.72%	30.17%	-26.79%	41.11%
MOAT VanEck Morningstar Wide Moat ETF	-0.94%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%

Correlation

The correlation between GENZ and MOAT is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.62

The correlation between GENZ and MOAT has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

GENZ vs. MOAT - Sectors Allocation Comparison

Sectors	GENZ	MOAT
Financial Services	29.3%	6.7%
Communication Services	29.1%	2.4%
Technology	20.6%	32.8%
Consumer Cyclical	20.2%	10.3%
Industrials	0.9%	13.5%
Basic Materials	-	-
Consumer Defensive	-	17.5%
Energy	-	-
Healthcare	-	16.0%
Real Estate	-	0.8%
Utilities	-	-

Return for Risk

GENZ vs. MOAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GENZ

GENZ Risk / Return Rank: 6
GENZ Sharpe Ratio Rank: 6
GENZ Sortino Ratio Rank: 5
GENZ Omega Ratio Rank: 5
GENZ Calmar Ratio Rank: 6
GENZ Martin Ratio Rank: 7

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 29
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 27

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.

GENZ vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Native Economy ETF (GENZ) 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.

	GENZ	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	1.09	-1.48
Sortino ratio: Return per unit of downside risk	-0.44	1.64	-2.08
Omega ratio: Gain probability vs. loss probability	0.95	1.19	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.28	1.21	-1.49
Martin ratio: Return relative to average drawdown	-0.52	3.77	-4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GENZ vs. MOAT - Sharpe Ratio Comparison

The current GENZ Sharpe Ratio is -0.39, which is lower than the MOAT Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of GENZ 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.

Sharpe Ratios by Period

	GENZ	MOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	1.09	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	0.44	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.72	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.77	-0.72

Drawdowns

GENZ vs. MOAT - Drawdown Comparison

The maximum GENZ drawdown since its inception was -71.12%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for GENZ and MOAT.

Drawdown Indicators

	GENZ	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-33.31%	-37.81%
Max Drawdown (1Y) Largest decline over 1 year	-26.40%	-12.43%	-13.97%
Max Drawdown (3Y) Largest decline over 3 years	-26.40%	-21.44%	-4.96%
Max Drawdown (5Y) Largest decline over 5 years	-42.89%	-23.96%	-18.93%
Max Drawdown (10Y) Largest decline over 10 years	-56.43%	-33.31%	-23.12%
Current Drawdown Current decline from peak	-33.35%	-4.72%	-28.63%
Average Drawdown Average peak-to-trough decline	-24.54%	-3.83%	-20.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.22%	3.98%	+10.24%

Volatility

GENZ vs. MOAT - Volatility Comparison

VanEck Digital Native Economy ETF (GENZ) has a higher volatility of 5.56% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 3.82%. This indicates that GENZ's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GENZ	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	3.82%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	9.87%	+5.14%
Volatility (1Y) Calculated over the trailing 1-year period	19.01%	13.86%	+5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.49%	18.18%	+6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.11%	18.68%	+6.43%

GENZ vs. MOAT - Expense Ratio Comparison

GENZ has a 0.50% expense ratio, which is higher than MOAT's 0.47% expense ratio.

Dividends

GENZ vs. MOAT - Dividend Comparison

GENZ's dividend yield for the trailing twelve months is around 3.93%, more than MOAT's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GENZ VanEck Digital Native Economy ETF	3.93%	3.34%	2.88%	1.68%	0.44%	0.79%	0.47%	2.95%	3.43%	2.31%	3.15%	4.09%
MOAT VanEck Morningstar Wide Moat ETF	1.37%	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

Can I hold both GENZ and MOAT in my portfolio?

GENZ and MOAT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENZ or MOAT?

GENZ has higher volatility (5.56%) compared to MOAT (3.82%). In terms of maximum drawdown, GENZ dropped -71.12% vs MOAT's -33.31%.

Which ETF is better, GENZ or MOAT?

On 10-year performance, MOAT leads with 13.37% vs 2.44% for GENZ. On fees, MOAT is cheaper at 0.47% per year. On volatility, MOAT has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENZ or MOAT?

Over the 10-year period, MOAT has performed better with a 13.37% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENZ or MOAT?

MOAT is cheaper with a 0.47% expense ratio, compared with 0.50% for GENZ.

Which ETF pays a higher dividend yield, GENZ or MOAT?

GENZ has the higher dividend yield at 3.93%, compared with 1.37% for MOAT.

What is the main difference between GENZ and MOAT?

GENZ is categorized as Technology Equities, while MOAT is Large Cap Blend Equities. GENZ tracks MarketVector Digital Native Economy Index, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.50% for GENZ and 0.47% for MOAT.

Which has better risk-adjusted returns?

MOAT currently has the higher Sharpe Ratio (1.09 vs -0.39), 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.