MNVT vs. WAGN

Last updated Jul 2, 2026

MNVT (Moonvest ETF) and WAGN (Pabrai Wagons ETF) are both Global Equities funds. Both are actively managed. At a correlation of -1.00, they often move in opposite directions. MNVT charges 0.75%/yr vs 0.90%/yr for WAGN.

Performance

MNVT vs. WAGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Moonvest ETF (MNVT) and Pabrai Wagons ETF (WAGN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MNVT

• 1D: -0.18%
• 1M: -14.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WAGN

• 1D: -0.29%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MNVT vs. WAGN - Yearly Performance Comparison

	2026 (YTD)
MNVT Moonvest ETF	1.58%
WAGN Pabrai Wagons ETF	-1.29%

Correlation

The correlation between MNVT and WAGN is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026	-1.00

Return for Risk

MNVT vs. WAGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Moonvest ETF (MNVT) and Pabrai Wagons ETF (WAGN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

MNVT vs. WAGN - Drawdown Comparison

The maximum MNVT drawdown since its inception was -18.41%, which is greater than WAGN's maximum drawdown of -1.29%. Use the drawdown chart below to compare losses from any high point for MNVT and WAGN.

Drawdown Indicators

	MNVT	WAGN	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-1.29%	-17.12%
Current Drawdown Current decline from peak	-14.18%	-1.29%	-12.89%
Average Drawdown Average peak-to-trough decline	-6.06%	-1.15%	-4.91%

Volatility

Volatility by Period

	MNVT	WAGN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	47.37%	8.04%	+39.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.37%	8.04%	+39.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.37%	8.04%	+39.33%

MNVT vs. WAGN - Expense Ratio Comparison

MNVT has a 0.75% expense ratio, which is lower than WAGN's 0.90% expense ratio.

Dividends

MNVT vs. WAGN - Dividend Comparison

Neither MNVT nor WAGN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MNVT and WAGN in my portfolio?

MNVT and WAGN have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MNVT or WAGN?

On fees, MNVT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNVT or WAGN?

MNVT is cheaper with a 0.75% expense ratio, compared with 0.90% for WAGN.

Which ETF pays a higher dividend yield, MNVT or WAGN?

MNVT and WAGN have nearly identical dividend yields, around 0.00%.

What is the main difference between MNVT and WAGN?

They also come from different issuers: Moonvest and Pabrai. Their fees differ too: 0.75% for MNVT and 0.90% for WAGN.