MOAT.L vs. USFM.L

Last updated Jun 6, 2026

MOAT.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and USFM.L (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from VanEck and UBS respectively. Both are passively managed. Over the past 5 years, MOAT.L returned 3.00%/yr vs 10.44%/yr for USFM.L. Their correlation of 0.80 suggests significant overlap in exposure. MOAT.L charges 0.49%/yr vs 0.25%/yr for USFM.L.

Performance

MOAT.L vs. USFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MOAT.L is traded in USD, while USFM.L is traded in GBp. To make them comparable, the USFM.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MOAT.L achieves a -3.50% return, which is significantly lower than USFM.L's 11.89% return.

MOAT.L

• 1D: -0.86%
• 1M: 0.94%
• YTD: -3.50%
• 6M: -3.97%
• 1Y: 7.33%
• 3Y*: 7.81%
• 5Y*: 3.00%
• 10Y*: 10.50%

USFM.L

• 1D: 0.38%
• 1M: 2.99%
• YTD: 11.89%
• 6M: 12.60%
• 1Y: 23.86%
• 3Y*: 18.99%
• 5Y*: 10.44%
• 10Y*: —

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

MOAT.L vs. USFM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF	-3.50%	7.34%	11.12%	18.37%	-18.70%	25.53%	13.62%	33.78%	-1.64%	14.11%
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	11.89%	13.71%	18.11%	16.29%	-13.57%	24.98%	14.18%	30.60%	-6.02%	15.88%

Correlation

The correlation between MOAT.L and USFM.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 18, 2017	0.80

The correlation between MOAT.L and USFM.L shifts across timeframes, from 0.67 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

MOAT.L vs. USFM.L - Sectors Allocation Comparison

Sectors	MOAT.L	USFM.L
Technology	24.3%	20.8%
Healthcare	23.2%	13.9%
Consumer Defensive	18.1%	8.7%
Industrials	8.8%	15.3%
Consumer Cyclical	7.4%	6.4%
Financial Services	7.4%	15.2%
Communication Services	6.2%	6.4%
Basic Materials	4.2%	3.2%
Real Estate	0.5%	2.9%
Energy	-	3.3%
Utilities	-	4.0%

Return for Risk

MOAT.L vs. USFM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MOAT.L

MOAT.L Risk / Return Rank: 18
MOAT.L Sharpe Ratio Rank: 18
MOAT.L Sortino Ratio Rank: 19
MOAT.L Omega Ratio Rank: 17
MOAT.L Calmar Ratio Rank: 17
MOAT.L Martin Ratio Rank: 17

USFM.L

USFM.L Risk / Return Rank: 82
USFM.L Sharpe Ratio Rank: 81
USFM.L Sortino Ratio Rank: 81
USFM.L Omega Ratio Rank: 79
USFM.L Calmar Ratio Rank: 84
USFM.L Martin Ratio Rank: 82

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.L vs. USFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L). 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.

	MOAT.L	USFM.L	Difference
Sharpe ratio: Return per unit of total volatility	0.53	2.32	-1.79
Sortino ratio: Return per unit of downside risk	0.90	3.53	-2.63
Omega ratio: Gain probability vs. loss probability	1.10	1.41	-0.31
Calmar ratio: Return relative to maximum drawdown	0.62	3.37	-2.76
Martin ratio: Return relative to average drawdown	1.65	13.99	-12.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOAT.L vs. USFM.L - Sharpe Ratio Comparison

The current MOAT.L Sharpe Ratio is 0.53, which is lower than the USFM.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of MOAT.L and USFM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MOAT.L	USFM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	2.32	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.72	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.82	-0.15

Drawdowns

MOAT.L vs. USFM.L - Drawdown Comparison

The maximum MOAT.L drawdown since its inception was -32.78%, smaller than the maximum USFM.L drawdown of -35.45%. Use the drawdown chart below to compare losses from any high point for MOAT.L and USFM.L.

Drawdown Indicators

	MOAT.L	USFM.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-35.45%	+2.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.86%	-6.96%	-4.90%
Max Drawdown (3Y) Largest decline over 3 years	-21.84%	-16.05%	-5.79%
Max Drawdown (5Y) Largest decline over 5 years	-27.06%	-22.41%	-4.65%
Max Drawdown (10Y) Largest decline over 10 years	-32.78%	—	—
Current Drawdown Current decline from peak	-5.84%	0.00%	-5.84%
Average Drawdown Average peak-to-trough decline	-5.56%	-4.68%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	1.68%	+2.76%

Volatility

MOAT.L vs. USFM.L - Volatility Comparison

VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) has a higher volatility of 3.60% compared to UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) at 2.93%. This indicates that MOAT.L's price experiences larger fluctuations and is considered to be riskier than USFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOAT.L	USFM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	2.93%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	7.48%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	10.13%	+3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	14.46%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	16.20%	+0.71%

MOAT.L vs. USFM.L - Expense Ratio Comparison

MOAT.L has a 0.49% expense ratio, which is higher than USFM.L's 0.25% expense ratio.

Dividends

MOAT.L vs. USFM.L - Dividend Comparison

MOAT.L has not paid dividends to shareholders, while USFM.L's dividend yield for the trailing twelve months is around 1.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	1.07%	1.20%	1.14%	1.37%	1.22%	1.01%	1.34%	1.30%	1.37%	0.30%

Frequently Asked Questions

Can I hold both MOAT.L and USFM.L in my portfolio?

MOAT.L and USFM.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MOAT.L or USFM.L?

On fees, USFM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MOAT.L or USFM.L?

USFM.L is cheaper with a 0.25% expense ratio, compared with 0.49% for MOAT.L.

What is the main difference between MOAT.L and USFM.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: VanEck and UBS. Their fees differ too: 0.49% for MOAT.L and 0.25% for USFM.L.