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MOAT.AX vs. ESGI.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MOAT.AX vs. ESGI.AX

Last updated Jul 16, 2026
Documentation

MOAT.AX (VanEck Morningstar Wide Moat ETF) and ESGI.AX (VanEck MSCI International Sustainable Equity ETF) are both Global Equities funds from VanEck - MOAT.AX tracks the VanEck Morningstar Wide Moat Index while ESGI.AX tracks the MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index. Both are passively managed. Over the past 5 years, MOAT.AX returned 9.50%/yr vs 10.39%/yr for ESGI.AX. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

MOAT.AX vs. ESGI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Morningstar Wide Moat ETF (MOAT.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MOAT.AX achieves a -2.79% return, which is significantly lower than ESGI.AX's 6.43% return.

MOAT.AX

1D
0.22%
1M
3.39%
6M
-5.09%
YTD
-2.79%
1Y
4.18%
3Y*
9.17%
5Y*
9.50%
10Y*
14.17%

ESGI.AX

1D
-0.45%
1M
4.59%
6M
4.93%
YTD
6.43%
1Y
8.19%
3Y*
14.32%
5Y*
10.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MOAT.AX vs. ESGI.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MOAT.AX
VanEck Morningstar Wide Moat ETF		-2.79%5.68%20.43%30.52%-7.38%30.97%3.35%36.19%9.46%
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		6.43%6.29%23.14%16.95%-7.32%24.77%4.97%28.97%-2.79%

Correlation

The correlation between MOAT.AX and ESGI.AX is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2018

0.64

The correlation between MOAT.AX and ESGI.AX has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

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VanEck Morningstar Wide Moat ETF

VanEck MSCI International Sustainable Equity ETF

Return for Risk

MOAT.AX vs. ESGI.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MOAT.AX
MOAT.AX Risk / Return Rank: 1515
Overall Rank
MOAT.AX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
MOAT.AX Sortino Ratio Rank: 1616
Sortino Ratio Rank
MOAT.AX Omega Ratio Rank: 1515
Omega Ratio Rank
MOAT.AX Calmar Ratio Rank: 1414
Calmar Ratio Rank
MOAT.AX Martin Ratio Rank: 1313
Martin Ratio Rank
ESGI.AX
ESGI.AX Risk / Return Rank: 1919
Overall Rank
ESGI.AX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
ESGI.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
ESGI.AX Omega Ratio Rank: 2020
Omega Ratio Rank
ESGI.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
ESGI.AX Martin Ratio Rank: 1717
Martin Ratio Rank
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.

MOAT.AX vs. ESGI.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.AX). 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.

MOAT.AXESGI.AXDifference
Sharpe ratioReturn per unit of total volatility
0.44
0.62

-0.19

Sortino ratioReturn per unit of downside risk
0.70
0.98

-0.29

Omega ratioGain probability vs. loss probability

1.08

1.12

-0.04

Calmar ratioReturn relative to maximum drawdown

0.35

0.60

-0.24

Martin ratioReturn relative to average drawdown

0.72

1.38

-0.66

MOAT.AX vs. ESGI.AX - Sharpe Ratio Comparison

The current MOAT.AX Sharpe Ratio is 0.44, which is comparable to the ESGI.AX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of MOAT.AX and ESGI.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MOAT.AX vs. ESGI.AX - Drawdown Comparison

The maximum MOAT.AX drawdown since its inception was -23.63%, roughly equal to the maximum ESGI.AX drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for MOAT.AX and ESGI.AX.

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Drawdown Indicators

MOAT.AXESGI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.63%

-22.88%

-0.75%

Max Drawdown (1Y)

Largest decline over 1 year

-15.16%

-14.92%

-0.24%

Max Drawdown (3Y)

Largest decline over 3 years

-19.11%

-14.92%

-4.19%

Max Drawdown (5Y)

Largest decline over 5 years

-19.11%

-19.38%

+0.27%

Max Drawdown (10Y)

Largest decline over 10 years

-23.63%

—

—

Current Drawdown

Current decline from peak

-6.11%

-1.00%

-5.11%

Average Drawdown

Average peak-to-trough decline

-3.97%

-4.51%

+0.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.59%

6.53%

+1.06%

Volatility

MOAT.AX vs. ESGI.AX - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT.AX) and VanEck MSCI International Sustainable Equity ETF (ESGI.AX) have volatilities of 3.66% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MOAT.AXESGI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

3.61%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

9.69%

12.18%

-2.49%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

14.33%

-2.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

13.00%

+1.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.47%

13.86%

+1.61%

Dividends

MOAT.AX vs. ESGI.AX - Dividend Comparison

MOAT.AX's dividend yield for the trailing twelve months is around 10.05%, more than ESGI.AX's 2.71% yield.

PositionTTM20252024202320222021202020192018201720162015
ESGI.AX
VanEck MSCI International Sustainable Equity ETF		2.71%6.43%6.58%3.35%2.39%1.42%1.50%1.55%0.52%0.00%0.00%0.00%
MOAT.AX
VanEck Morningstar Wide Moat ETF		10.05%5.78%7.39%6.87%0.00%0.00%1.26%1.12%2.52%0.00%1.78%3.30%

Frequently Asked Questions

MOAT.AX and ESGI.AX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MOAT.AX tracks VanEck Morningstar Wide Moat Index, while ESGI.AX tracks MSCI World ex Australia ex Fossil Fuel Select SRI and Low Carbon Capped Index.

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