MIG vs. MOAT
MIG (VanEck Moody's Analytics IG Corporate Bond ETF) and MOAT (VanEck Vectors Morningstar Wide Moat ETF) are both exchange-traded funds - MIG is a Corporate Bonds fund tracking the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 5 years, MIG returned 0.97%/yr vs 8.01%/yr for MOAT. At a 0.34 correlation, their price movements are largely independent. MIG charges 0.20%/yr vs 0.48%/yr for MOAT.
Performance
MIG vs. MOAT - Performance Comparison
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Returns By Period
In the year-to-date period, MIG achieves a 0.39% return, which is significantly higher than MOAT's -0.94% return.
MIG
- 1D
- -0.19%
- 1M
- 0.41%
- YTD
- 0.39%
- 6M
- -0.01%
- 1Y
- 5.37%
- 3Y*
- 5.64%
- 5Y*
- 0.97%
- 10Y*
- —
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%
MIG vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 0.39% | 7.34% | 3.38% | 8.88% | -14.51% | -0.02% | 1.26% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | -0.94% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 1.71% |
Correlation
The correlation between MIG and MOAT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.34 |
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Return for Risk
MIG vs. MOAT — Risk / Return Rank
MIG
MOAT
MIG vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) and VanEck Vectors 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.
| MIG | MOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.21 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.24 | 3.77 | +1.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIG | MOAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.09 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.44 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.77 | -0.63 |
Drawdowns
MIG vs. MOAT - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.98%, smaller than the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for MIG and MOAT.
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Drawdown Indicators
| MIG | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -33.31% | +12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -12.43% | +9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -21.44% | +15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -23.96% | +2.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -1.24% | -4.72% | +3.48% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -3.83% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 3.98% | -2.95% |
Volatility
MIG vs. MOAT - Volatility Comparison
The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.47%, while VanEck Vectors Morningstar Wide Moat ETF (MOAT) has a volatility of 3.82%. This indicates that MIG experiences smaller price fluctuations and is considered to be less risky 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
| MIG | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 3.82% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 9.87% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 13.86% | -9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 18.18% | -11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 18.68% | -12.46% |
MIG vs. MOAT - Expense Ratio Comparison
MIG has a 0.20% expense ratio, which is lower than MOAT's 0.48% expense ratio.
Dividends
MIG vs. MOAT - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.78%, more than MOAT's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.78% | 4.81% | 4.68% | 4.38% | 3.06% | 2.15% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Vectors 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
MIG and MOAT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOAT has higher volatility (3.82%) compared to MIG (1.47%). In terms of maximum drawdown, MIG dropped -20.98% vs MOAT's -33.31%.
On 5-year performance, MOAT leads with 8.01% vs 0.97% for MIG. On fees, MIG is cheaper at 0.20% per year. On volatility, MIG has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MOAT has performed better with a 8.01% return vs 0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MIG is cheaper with a 0.20% expense ratio, compared with 0.48% for MOAT.
MIG has the higher dividend yield at 4.78%, compared with 1.37% for MOAT.
MIG is categorized as Corporate Bonds, while MOAT is Large Cap Blend Equities. MIG tracks MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.20% for MIG and 0.48% for MOAT.
MIG currently has the higher Sharpe Ratio (1.27 vs 1.09), 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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