MOAT.AX vs. MVE.AX

Last updated Jul 18, 2026

MOAT.AX (VanEck Morningstar Wide Moat ETF) and MVE.AX (VanEck S&P/ASX MidCap ETF) are both exchange-traded funds - MOAT.AX is a Global Equities fund tracking the VanEck Morningstar Wide Moat Index, while MVE.AX is a Mid Cap Blend Equities fund tracking the VanEck S&P/ASX MidCap Index. Both are passively managed. Over the past 10 years, MOAT.AX returned 14.14%/yr vs 8.82%/yr for MVE.AX. At a 0.39 correlation, their price movements are largely independent.

Performance

MOAT.AX vs. MVE.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 S&P/ASX MidCap ETF (MVE.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOAT.AX achieves a -1.90% return, which is significantly higher than MVE.AX's -6.10% return. Over the past 10 years, MOAT.AX has outperformed MVE.AX with an annualized return of 14.14%, while MVE.AX has yielded a comparatively lower 8.82% annualized return.

MOAT.AX

• 1D: 0.91%
• 1M: 4.30%
• 6M: -5.26%
• YTD: -1.90%
• 1Y: 5.43%
• 3Y*: 9.42%
• 5Y*: 9.70%
• 10Y*: 14.14%

MVE.AX

• 1D: -1.14%
• 1M: -3.43%
• 6M: -7.79%
• YTD: -6.10%
• 1Y: 0.22%
• 3Y*: 7.09%
• 5Y*: 5.72%
• 10Y*: 8.82%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOAT.AX VanEck Morningstar Wide Moat ETF	-1.90%	5.68%	20.43%	30.52%	-7.38%	30.97%	3.35%	36.19%	9.68%	12.64%
MVE.AX VanEck S&P/ASX MidCap ETF	-6.10%	17.59%	10.85%	5.45%	-6.79%	20.90%	19.05%	22.94%	-8.17%	23.25%

Correlation

The correlation between MOAT.AX and MVE.AX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 24, 2015	0.39

The correlation between MOAT.AX and MVE.AX shifts across timeframes, from 0.32 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MOAT.AX vs. MVE.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: 16
MOAT.AX Sharpe Ratio Rank: 18
MOAT.AX Sortino Ratio Rank: 17
MOAT.AX Omega Ratio Rank: 16
MOAT.AX Calmar Ratio Rank: 15
MOAT.AX Martin Ratio Rank: 14

MVE.AX

MVE.AX Risk / Return Rank: 10
MVE.AX Sharpe Ratio Rank: 11
MVE.AX Sortino Ratio Rank: 10
MVE.AX Omega Ratio Rank: 10
MVE.AX Calmar Ratio Rank: 11
MVE.AX Martin Ratio Rank: 11

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. MVE.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 S&P/ASX MidCap ETF (MVE.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.AX	MVE.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.43	0.01	+0.41
Sortino ratio: Return per unit of downside risk	0.68	0.14	+0.55
Omega ratio: Gain probability vs. loss probability	1.08	1.02	+0.07
Calmar ratio: Return relative to maximum drawdown	0.34	0.01	+0.33
Martin ratio: Return relative to average drawdown	0.70	0.03	+0.67

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

The current MOAT.AX Sharpe Ratio is 0.43, which is higher than the MVE.AX Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of MOAT.AX and MVE.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.

Drawdowns

MOAT.AX vs. MVE.AX - Drawdown Comparison

The maximum MOAT.AX drawdown since its inception was -23.63%, smaller than the maximum MVE.AX drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for MOAT.AX and MVE.AX.

Drawdown Indicators

	MOAT.AX	MVE.AX	Difference
Max Drawdown Largest peak-to-trough decline	-23.63%	-53.11%	+29.48%
Max Drawdown (1Y) Largest decline over 1 year	-15.16%	-15.88%	+0.72%
Max Drawdown (3Y) Largest decline over 3 years	-19.11%	-17.45%	-1.66%
Max Drawdown (5Y) Largest decline over 5 years	-19.11%	-20.77%	+1.66%
Max Drawdown (10Y) Largest decline over 10 years	-23.63%	-40.47%	+16.84%
Current Drawdown Current decline from peak	-5.26%	-9.00%	+3.74%
Average Drawdown Average peak-to-trough decline	-3.97%	-12.59%	+8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	6.69%	+0.90%

Volatility

MOAT.AX vs. MVE.AX - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT.AX) and VanEck S&P/ASX MidCap ETF (MVE.AX) have volatilities of 3.42% and 3.54%, 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.

Volatility by Period

	MOAT.AX	MVE.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	3.54%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	14.00%	-4.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	16.86%	-4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	16.44%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	16.77%	-1.30%

Dividends

MOAT.AX vs. MVE.AX - Dividend Comparison

MOAT.AX's dividend yield for the trailing twelve months is around 9.96%, more than MVE.AX's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT.AX VanEck Morningstar Wide Moat ETF	9.96%	5.78%	7.39%	6.87%	0.00%	0.00%	1.26%	1.12%	2.52%	0.00%	1.78%	3.30%
MVE.AX VanEck S&P/ASX MidCap ETF	1.49%	2.92%	1.78%	1.84%	2.35%	2.45%	3.99%	5.06%	1.22%	3.11%	0.46%	0.71%

Frequently Asked Questions

Can I hold both MOAT.AX and MVE.AX in my portfolio?

MOAT.AX and MVE.AX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between MOAT.AX and MVE.AX?

MOAT.AX is categorized as Global Equities, while MVE.AX is Mid Cap Blend Equities. MOAT.AX tracks VanEck Morningstar Wide Moat Index, while MVE.AX tracks VanEck S&P/ASX MidCap Index.