GMVM.DE vs. MOAT
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both Large Cap Blend Equities funds from VanEck - GMVM.DE tracks the Morningstar US Sustainable Moat Focus while MOAT tracks the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, GMVM.DE returned 10.26%/yr vs 13.12%/yr for MOAT. A 0.63 correlation means they provide meaningful diversification when combined. GMVM.DE charges 0.49%/yr vs 0.47%/yr for MOAT.
Performance
GMVM.DE vs. MOAT - Performance Comparison
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Different Trading Currencies
GMVM.DE is traded in EUR, while MOAT is traded in USD. To make them comparable, the MOAT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, GMVM.DE achieves a 2.97% return, which is significantly lower than MOAT's 5.37% return. Over the past 10 years, GMVM.DE has underperformed MOAT with an annualized return of 10.26%, while MOAT has yielded a comparatively higher 13.12% annualized return.
GMVM.DE
- 1D
- -0.65%
- 1M
- 4.67%
- 6M
- -0.02%
- YTD
- 2.97%
- 1Y
- 8.87%
- 3Y*
- 6.86%
- 5Y*
- 4.34%
- 10Y*
- 10.26%
MOAT
- 1D
- -1.20%
- 1M
- 5.48%
- 6M
- 0.76%
- YTD
- 5.37%
- 1Y
- 13.20%
- 3Y*
- 9.39%
- 5Y*
- 9.44%
- 10Y*
- 13.12%
GMVM.DE vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | 2.97% | -4.56% | 17.57% | 14.37% | -14.37% | 36.89% | 2.73% | 38.47% | 2.27% | 7.97% |
MOAT VanEck Morningstar Wide Moat ETF | 5.37% | -0.23% | 18.04% | 27.93% | -8.31% | 33.40% | 5.37% | 37.84% | 3.35% | 8.04% |
Correlation
The correlation between GMVM.DE and MOAT is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2015 | 0.63 |
The correlation between GMVM.DE and MOAT has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
GMVM.DE vs. MOAT — Risk / Return Rank
GMVM.DE
MOAT
GMVM.DE vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) 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.
| GMVM.DE | MOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.14 | -0.33 |
| Martin ratioReturn relative to average drawdown | 1.83 | 3.00 | -1.17 |
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Drawdowns
GMVM.DE vs. MOAT - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.26%, roughly equal to the maximum MOAT drawdown of -32.83%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and MOAT.
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Drawdown Indicators
| GMVM.DE | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -32.83% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -11.65% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -25.00% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -25.00% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | -32.83% | +0.57% |
Current DrawdownCurrent decline from peak | -6.04% | -1.20% | -4.84% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -4.28% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 4.41% | +0.43% |
Volatility
GMVM.DE vs. MOAT - Volatility Comparison
VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) has a higher volatility of 5.17% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.10%. This indicates that GMVM.DE'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.
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Volatility by Period
| GMVM.DE | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 4.10% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.79% | 10.15% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 13.84% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 17.70% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 18.98% | -2.45% |
GMVM.DE vs. MOAT - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is higher than MOAT's 0.47% expense ratio.
Dividends
GMVM.DE vs. MOAT - Dividend Comparison
GMVM.DE has not paid dividends to shareholders, while MOAT's dividend yield for the trailing twelve months is around 1.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Morningstar Wide Moat ETF | 1.32% | 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
GMVM.DE and MOAT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MOAT is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MOAT is cheaper with a 0.47% expense ratio, compared with 0.49% for GMVM.DE.
GMVM.DE tracks Morningstar US Sustainable Moat Focus, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.49% for GMVM.DE and 0.47% for MOAT.
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