IOO vs. MOAT

Last updated Jun 24, 2026

IOO (iShares Global 100 ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - IOO is a Global Equities fund tracking the S&P Global 100 Index (Net), 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, IOO returned 16.63%/yr vs 13.64%/yr for MOAT. A 0.79 correlation means they provide meaningful diversification when combined. IOO charges 0.40%/yr vs 0.47%/yr for MOAT.

Performance

IOO vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global 100 ETF (IOO) 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, IOO achieves a 7.38% return, which is significantly higher than MOAT's -2.39% return. Over the past 10 years, IOO has outperformed MOAT with an annualized return of 16.63%, while MOAT has yielded a comparatively lower 13.64% annualized return.

IOO

• 1D: -1.40%
• 1M: -3.92%
• YTD: 7.38%
• 6M: 6.92%
• 1Y: 31.18%
• 3Y*: 23.11%
• 5Y*: 15.43%
• 10Y*: 16.63%

MOAT

• 1D: 0.09%
• 1M: -1.13%
• YTD: -2.39%
• 6M: -2.98%
• 1Y: 12.04%
• 3Y*: 10.36%
• 5Y*: 7.68%
• 10Y*: 13.64%

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

IOO vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IOO iShares Global 100 ETF	7.38%	27.02%	26.54%	27.71%	-16.34%	26.03%	18.61%	30.01%	-6.22%	23.56%
MOAT VanEck Morningstar Wide Moat ETF	-2.39%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%

Correlation

The correlation between IOO and MOAT is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 25, 2012	0.79

Over the past year, the correlation between IOO and MOAT has dropped to 0.59 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

IOO vs. MOAT - Sectors Allocation Comparison

Sectors	IOO	MOAT
Technology	47.0%	33.8%
Communication Services	10.8%	2.4%
Financial Services	9.2%	9.0%
Consumer Cyclical	8.4%	7.3%
Healthcare	8.4%	15.9%
Consumer Defensive	5.6%	17.0%
Industrials	4.8%	13.8%
Energy	3.6%	-
Basic Materials	1.7%	-
Utilities	0.5%	-
Real Estate	0.2%	0.8%

Return for Risk

IOO vs. MOAT — Risk / Return Rank

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

IOO

IOO Risk / Return Rank: 69
IOO Sharpe Ratio Rank: 71
IOO Sortino Ratio Rank: 68
IOO Omega Ratio Rank: 68
IOO Calmar Ratio Rank: 66
IOO Martin Ratio Rank: 74

MOAT

MOAT Risk / Return Rank: 23
MOAT Sharpe Ratio Rank: 25
MOAT Sortino Ratio Rank: 24
MOAT Omega Ratio Rank: 22
MOAT Calmar Ratio Rank: 22
MOAT Martin Ratio Rank: 24

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.

IOO vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) 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.

	IOO	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	2.20	0.87	+1.33
Sortino ratio: Return per unit of downside risk	2.98	1.32	+1.66
Omega ratio: Gain probability vs. loss probability	1.39	1.15	+0.24
Calmar ratio: Return relative to maximum drawdown	3.15	0.97	+2.18
Martin ratio: Return relative to average drawdown	13.53	2.92	+10.60

IOO vs. MOAT - Sharpe Ratio Comparison

The current IOO Sharpe Ratio is 2.20, which is higher than the MOAT Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of IOO 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.

Drawdowns

IOO vs. MOAT - Drawdown Comparison

The maximum IOO drawdown since its inception was -55.85%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for IOO and MOAT.

Drawdown Indicators

	IOO	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-55.85%	-33.31%	-22.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.94%	-12.43%	+2.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-21.44%	+2.25%
Max Drawdown (5Y) Largest decline over 5 years	-23.52%	-23.96%	+0.44%
Max Drawdown (10Y) Largest decline over 10 years	-31.43%	-33.31%	+1.88%
Current Drawdown Current decline from peak	-5.61%	-6.12%	+0.51%
Average Drawdown Average peak-to-trough decline	-11.25%	-3.83%	-7.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	4.13%	-1.82%

Volatility

IOO vs. MOAT - Volatility Comparison

iShares Global 100 ETF (IOO) has a higher volatility of 5.30% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.72%. This indicates that IOO'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

	IOO	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	4.72%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	11.51%	10.23%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	13.99%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	18.24%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	18.65%	-0.92%

IOO vs. MOAT - Expense Ratio Comparison

IOO has a 0.40% expense ratio, which is lower than MOAT's 0.47% expense ratio.

Dividends

IOO vs. MOAT - Dividend Comparison

IOO's dividend yield for the trailing twelve months is around 0.86%, less than MOAT's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IOO iShares Global 100 ETF	0.86%	0.92%	1.08%	1.49%	2.00%	1.53%	1.49%	2.02%	2.54%	2.23%	2.75%	2.89%
MOAT VanEck Morningstar Wide Moat ETF	1.39%	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 IOO and MOAT in my portfolio?

IOO and MOAT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IOO or MOAT?

IOO has higher volatility (5.30%) compared to MOAT (4.72%). In terms of maximum drawdown, IOO dropped -55.85% vs MOAT's -33.31%.

Which ETF is better, IOO or MOAT?

On 10-year performance, IOO leads with 16.63% vs 13.64% for MOAT. On fees, IOO is cheaper at 0.40% per year. On volatility, MOAT has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IOO or MOAT?

Over the 10-year period, IOO has performed better with a 16.63% return vs 13.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IOO or MOAT?

IOO is cheaper with a 0.40% expense ratio, compared with 0.47% for MOAT.

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

MOAT has the higher dividend yield at 1.39%, compared with 0.86% for IOO.

What is the main difference between IOO and MOAT?

IOO is categorized as Global Equities, while MOAT is Large Cap Blend Equities. IOO tracks S&P Global 100 Index (Net), while MOAT tracks Morningstar Wide Moat Focus Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for IOO and 0.47% for MOAT.

Which has better risk-adjusted returns?

IOO currently has the higher Sharpe Ratio (2.20 vs 0.87), 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.