GOAT.L vs. MOAT.L
GOAT.L (VanEck Morningstar Global Wide Moat UCITS ETF A USD) and MOAT.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) are both exchange-traded funds - GOAT.L is a Global Equities fund tracking the VanEck Morningstar Global Wide Moat UCITS ETF A USD, while MOAT.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, GOAT.L returned 6.61%/yr vs 3.69%/yr for MOAT.L. Their correlation of 0.86 suggests significant overlap in exposure. GOAT.L charges 0.52%/yr vs 0.49%/yr for MOAT.L.
Performance
GOAT.L vs. MOAT.L - Performance Comparison
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Returns By Period
In the year-to-date period, GOAT.L achieves a -0.11% return, which is significantly lower than MOAT.L's 0.19% return.
GOAT.L
- 1D
- -0.39%
- 1M
- 0.19%
- 6M
- -4.36%
- YTD
- -0.11%
- 1Y
- 7.55%
- 3Y*
- 11.83%
- 5Y*
- 6.61%
- 10Y*
- —
MOAT.L
- 1D
- 1.33%
- 1M
- 2.59%
- 6M
- -1.76%
- YTD
- 0.19%
- 1Y
- 8.33%
- 3Y*
- 7.77%
- 5Y*
- 3.69%
- 10Y*
- 10.71%
GOAT.L vs. MOAT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOAT.L VanEck Morningstar Global Wide Moat UCITS ETF A USD | -0.11% | 25.59% | 9.45% | 10.88% | -11.11% | 14.47% | 16.77% |
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF | 0.19% | 7.34% | 11.12% | 18.37% | -18.70% | 25.53% | 17.22% |
Correlation
The correlation between GOAT.L and MOAT.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2020 | 0.86 |
The correlation between GOAT.L and MOAT.L shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOAT.L vs. MOAT.L — Risk / Return Rank
GOAT.L
MOAT.L
GOAT.L vs. MOAT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat UCITS ETF A USD (GOAT.L) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L). 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.
| GOAT.L | MOAT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.70 | -0.07 |
| Martin ratioReturn relative to average drawdown | 1.77 | 1.75 | +0.02 |
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Drawdowns
GOAT.L vs. MOAT.L - Drawdown Comparison
The maximum GOAT.L drawdown since its inception was -23.97%, smaller than the maximum MOAT.L drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for GOAT.L and MOAT.L.
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Drawdown Indicators
| GOAT.L | MOAT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -32.78% | +8.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -11.86% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.39% | -21.84% | +7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -27.06% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.78% | — |
Current DrawdownCurrent decline from peak | -5.29% | -2.24% | -3.05% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -5.55% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 4.74% | -0.41% |
Volatility
GOAT.L vs. MOAT.L - Volatility Comparison
The current volatility for VanEck Morningstar Global Wide Moat UCITS ETF A USD (GOAT.L) is 3.18%, while VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) has a volatility of 5.05%. This indicates that GOAT.L experiences smaller price fluctuations and is considered to be less risky than MOAT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOAT.L | MOAT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 5.05% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 10.69% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 14.07% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 16.47% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 16.84% | -1.35% |
GOAT.L vs. MOAT.L - Expense Ratio Comparison
GOAT.L has a 0.52% expense ratio, which is higher than MOAT.L's 0.49% expense ratio.
Dividends
GOAT.L vs. MOAT.L - Dividend Comparison
Neither GOAT.L nor MOAT.L has paid dividends to shareholders.
Frequently Asked Questions
GOAT.L and MOAT.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MOAT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MOAT.L is cheaper with a 0.49% expense ratio, compared with 0.52% for GOAT.L.
GOAT.L is categorized as Global Equities, while MOAT.L is Large Cap Blend Equities. GOAT.L tracks VanEck Morningstar Global Wide Moat UCITS ETF A USD, while MOAT.L tracks Russell 1000 TR USD. Their fees differ too: 0.52% for GOAT.L and 0.49% for MOAT.L.
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