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

MOAT.AX vs. WRLD.AX

Last updated Jul 16, 2026
Documentation

MOAT.AX (VanEck Morningstar Wide Moat ETF) and WRLD.AX (Betashares Managed Risk Global Shares Complex ETF) are both Global Equities funds. MOAT.AX is passively managed, while WRLD.AX is actively managed. Over the past 10 years, MOAT.AX returned 14.17%/yr vs 10.04%/yr for WRLD.AX. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

MOAT.AX vs. WRLD.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 Betashares Managed Risk Global Shares Complex ETF (WRLD.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 WRLD.AX's 4.57% return. Over the past 10 years, MOAT.AX has outperformed WRLD.AX with an annualized return of 14.17%, while WRLD.AX has yielded a comparatively lower 10.04% annualized 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%

WRLD.AX

1D
-0.04%
1M
2.32%
6M
3.52%
YTD
4.57%
1Y
13.29%
3Y*
16.18%
5Y*
10.33%
10Y*
10.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
MOAT.AX
VanEck Morningstar Wide Moat ETF		-2.79%5.68%20.43%30.52%-7.38%30.97%3.35%36.19%9.68%12.64%
WRLD.AX
Betashares Managed Risk Global Shares Complex ETF		4.57%9.59%29.10%13.20%-10.32%23.66%-3.31%22.48%-0.50%10.96%

Correlation

The correlation between MOAT.AX and WRLD.AX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.44

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

0.49

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

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2015

0.61

The correlation between MOAT.AX and WRLD.AX shifts across timeframes, from 0.44 (1 year) to 0.62 (10 years), reflecting how their relationship changes across market environments.

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VanEck Morningstar Wide Moat ETF

Betashares Managed Risk Global Shares Complex ETF

Return for Risk

MOAT.AX vs. WRLD.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
WRLD.AX
WRLD.AX Risk / Return Rank: 4444
Overall Rank
WRLD.AX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
WRLD.AX Sortino Ratio Rank: 5151
Sortino Ratio Rank
WRLD.AX Omega Ratio Rank: 5050
Omega Ratio Rank
WRLD.AX Calmar Ratio Rank: 3333
Calmar Ratio Rank
WRLD.AX Martin Ratio Rank: 3333
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. WRLD.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT.AX) and Betashares Managed Risk Global Shares Complex ETF (WRLD.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.AXWRLD.AXDifference
Sharpe ratioReturn per unit of total volatility
0.44
1.46

-1.03

Sortino ratioReturn per unit of downside risk
0.70
2.08

-1.38

Omega ratioGain probability vs. loss probability

1.08

1.26

-0.18

Calmar ratioReturn relative to maximum drawdown

0.35

1.41

-1.05

Martin ratioReturn relative to average drawdown

0.72

4.01

-3.30

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

The current MOAT.AX Sharpe Ratio is 0.44, which is lower than the WRLD.AX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of MOAT.AX and WRLD.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. WRLD.AX - Drawdown Comparison

The maximum MOAT.AX drawdown since its inception was -23.63%, which is greater than WRLD.AX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for MOAT.AX and WRLD.AX.

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Drawdown Indicators

MOAT.AXWRLD.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.63%

-16.14%

-7.49%

Max Drawdown (1Y)

Largest decline over 1 year

-15.16%

-9.22%

-5.94%

Max Drawdown (3Y)

Largest decline over 3 years

-19.11%

-13.70%

-5.41%

Max Drawdown (5Y)

Largest decline over 5 years

-19.11%

-14.47%

-4.64%

Max Drawdown (10Y)

Largest decline over 10 years

-23.63%

-16.14%

-7.49%

Current Drawdown

Current decline from peak

-6.11%

-0.50%

-5.61%

Average Drawdown

Average peak-to-trough decline

-3.97%

-4.19%

+0.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.59%

3.26%

+4.33%

Volatility

MOAT.AX vs. WRLD.AX - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT.AX) has a higher volatility of 3.66% compared to Betashares Managed Risk Global Shares Complex ETF (WRLD.AX) at 1.76%. This indicates that MOAT.AX's price experiences larger fluctuations and is considered to be riskier than WRLD.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.AXWRLD.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

1.76%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

9.69%

6.83%

+2.86%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

8.86%

+3.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

11.35%

+3.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.47%

11.00%

+4.47%

Dividends

MOAT.AX vs. WRLD.AX - Dividend Comparison

MOAT.AX's dividend yield for the trailing twelve months is around 10.05%, while WRLD.AX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
WRLD.AX
Betashares Managed Risk Global Shares Complex ETF		0.00%0.00%0.00%0.17%4.66%0.00%0.00%1.66%0.90%0.00%0.51%0.00%

Frequently Asked Questions

MOAT.AX and WRLD.AX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: VanEck and BetaShares.

Portfolio Optimizer

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