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

MOAT.AX vs. MVW.AX

Last updated Jul 18, 2026
Documentation

MOAT.AX (VanEck Morningstar Wide Moat ETF) and MVW.AX (VanEck Australian Equal Weight ETF) are both Global Equities funds from VanEck - MOAT.AX tracks the VanEck Morningstar Wide Moat Index while MVW.AX tracks the VanEck Australian Equal Weight Index. Both are passively managed. Over the past 10 years, MOAT.AX returned 14.14%/yr vs 7.29%/yr for MVW.AX. At a 0.41 correlation, their price movements are largely independent.

Performance

MOAT.AX vs. MVW.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 Australian Equal Weight ETF (MVW.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 -1.90% return, which is significantly lower than MVW.AX's -0.10% return. Over the past 10 years, MOAT.AX has outperformed MVW.AX with an annualized return of 14.14%, while MVW.AX has yielded a comparatively lower 7.29% 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%

MVW.AX

1D
-0.03%
1M
-1.48%
6M
-0.10%
YTD
-0.10%
1Y
-0.54%
3Y*
5.70%
5Y*
5.16%
10Y*
7.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
MVW.AX
VanEck Australian Equal Weight ETF		-0.10%5.96%7.39%9.60%-2.49%15.82%1.72%23.68%-5.79%15.45%

Correlation

The correlation between MOAT.AX and MVW.AX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

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

0.31

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

0.44

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

0.41

The correlation between MOAT.AX and MVW.AX shifts across timeframes, from 0.31 (3 years) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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VanEck Morningstar Wide Moat ETF

VanEck Australian Equal Weight ETF

Often compared with MOAT.AX:
MOAT.AX vs. FLOT.AXMOAT.AX vs. REIT.AXMOAT.AX vs. CETF.AXMOAT.AX vs. GDX.AXMOAT.AX vs. GRNV.AXMOAT.AX vs. CNEW.AXMOAT.AX vs. CORE.AX
Often compared with MVW.AX:
MVW.AX vs. MVR.AXMVW.AX vs. REIT.AXMVW.AX vs. CETF.AXMVW.AX vs. CNEW.AXMVW.AX vs. CORE.AXMVW.AX vs. ESGI.AXMVW.AX vs. ESTX.AX

Return for Risk

MOAT.AX vs. MVW.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: 1616
Overall Rank
MOAT.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
MOAT.AX Sortino Ratio Rank: 1717
Sortino Ratio Rank
MOAT.AX Omega Ratio Rank: 1616
Omega Ratio Rank
MOAT.AX Calmar Ratio Rank: 1515
Calmar Ratio Rank
MOAT.AX Martin Ratio Rank: 1414
Martin Ratio Rank
MVW.AX
MVW.AX Risk / Return Rank: 1010
Overall Rank
MVW.AX Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
MVW.AX Sortino Ratio Rank: 99
Sortino Ratio Rank
MVW.AX Omega Ratio Rank: 99
Omega Ratio Rank
MVW.AX Calmar Ratio Rank: 1010
Calmar Ratio Rank
MVW.AX Martin Ratio Rank: 1010
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. MVW.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 Australian Equal Weight ETF (MVW.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.AXMVW.AXDifference
Sharpe ratioReturn per unit of total volatility
0.43
-0.04

+0.47

Sortino ratioReturn per unit of downside risk
0.68
0.03

+0.66

Omega ratioGain probability vs. loss probability

1.08

1.00

+0.08

Calmar ratioReturn relative to maximum drawdown

0.34

-0.05

+0.39

Martin ratioReturn relative to average drawdown

0.70

-0.10

+0.79

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

The current MOAT.AX Sharpe Ratio is 0.43, which is higher than the MVW.AX Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of MOAT.AX and MVW.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. MVW.AX - Drawdown Comparison

The maximum MOAT.AX drawdown since its inception was -23.63%, smaller than the maximum MVW.AX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for MOAT.AX and MVW.AX.

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Drawdown Indicators

MOAT.AXMVW.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.63%

-38.80%

+15.17%

Max Drawdown (1Y)

Largest decline over 1 year

-15.16%

-11.23%

-3.93%

Max Drawdown (3Y)

Largest decline over 3 years

-19.11%

-13.20%

-5.91%

Max Drawdown (5Y)

Largest decline over 5 years

-19.11%

-14.94%

-4.17%

Max Drawdown (10Y)

Largest decline over 10 years

-23.63%

-38.80%

+15.17%

Current Drawdown

Current decline from peak

-5.26%

-5.15%

-0.11%

Average Drawdown

Average peak-to-trough decline

-3.97%

-4.03%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.59%

5.59%

+2.00%

Volatility

MOAT.AX vs. MVW.AX - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT.AX) has a higher volatility of 3.42% compared to VanEck Australian Equal Weight ETF (MVW.AX) at 2.95%. This indicates that MOAT.AX's price experiences larger fluctuations and is considered to be riskier than MVW.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MOAT.AXMVW.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.42%

2.95%

+0.47%

Volatility (6M)

Calculated over the trailing 6-month period

9.67%

9.82%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

12.27%

12.45%

-0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

14.71%

+0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.47%

15.99%

-0.52%

Dividends

MOAT.AX vs. MVW.AX - Dividend Comparison

MOAT.AX's dividend yield for the trailing twelve months is around 9.96%, more than MVW.AX's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
MVW.AX
VanEck Australian Equal Weight ETF		1.74%2.82%2.50%1.75%1.83%2.18%3.63%3.55%0.87%2.51%1.92%1.13%

Frequently Asked Questions

MOAT.AX and MVW.AX have a correlation of 0.31, 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 MVW.AX tracks VanEck Australian Equal Weight Index.

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