MOAT.L vs. VGOV.L
MOAT.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and VGOV.L (Vanguard UK Gilt UCITS ETF Distributing) are both exchange-traded funds - MOAT.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VGOV.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, MOAT.L returned 10.55%/yr vs -2.01%/yr for VGOV.L. At a 0.10 correlation, their price movements are largely independent. MOAT.L charges 0.49%/yr vs 0.07%/yr for VGOV.L.
Performance
MOAT.L vs. VGOV.L - Performance Comparison
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Different Trading Currencies
MOAT.L is traded in USD, while VGOV.L is traded in GBP. To make them comparable, the VGOV.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 -2.67% return, which is significantly lower than VGOV.L's -1.52% return. Over the past 10 years, MOAT.L has outperformed VGOV.L with an annualized return of 10.55%, while VGOV.L has yielded a comparatively lower -2.01% annualized return.
MOAT.L
- 1D
- 1.08%
- 1M
- 1.82%
- YTD
- -2.67%
- 6M
- -3.13%
- 1Y
- 8.27%
- 3Y*
- 8.16%
- 5Y*
- 3.18%
- 10Y*
- 10.55%
VGOV.L
- 1D
- 0.33%
- 1M
- 0.75%
- YTD
- -1.52%
- 6M
- -0.53%
- 1Y
- 1.11%
- 3Y*
- 4.73%
- 5Y*
- -6.32%
- 10Y*
- -2.01%
MOAT.L vs. VGOV.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 | -2.67% | 7.34% | 11.12% | 18.37% | -18.70% | 25.53% | 13.62% | 33.80% | -2.10% | 23.05% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | -1.52% | 12.69% | -5.89% | 8.77% | -34.81% | -6.23% | 12.67% | 11.97% | -5.33% | 11.60% |
Correlation
The correlation between MOAT.L and VGOV.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2015 | 0.10 |
Over the past year, MOAT.L and VGOV.L have become more correlated (0.41) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
MOAT.L vs. VGOV.L — Risk / Return Rank
MOAT.L
VGOV.L
MOAT.L vs. VGOV.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 Vanguard UK Gilt UCITS ETF Distributing (VGOV.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 | VGOV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.16 | +0.54 |
| Martin ratioReturn relative to average drawdown | 1.89 | 0.36 | +1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MOAT.L | VGOV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.11 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.41 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | -0.14 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.06 | +0.72 |
Drawdowns
MOAT.L vs. VGOV.L - Drawdown Comparison
The maximum MOAT.L drawdown since its inception was -32.78%, smaller than the maximum VGOV.L drawdown of -51.33%. Use the drawdown chart below to compare losses from any high point for MOAT.L and VGOV.L.
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Drawdown Indicators
| MOAT.L | VGOV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -51.33% | +18.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -7.00% | -4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.84% | -15.02% | -6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -51.03% | +23.97% |
Max Drawdown (10Y)Largest decline over 10 years | -32.78% | -51.33% | +18.55% |
Current DrawdownCurrent decline from peak | -5.02% | -30.57% | +25.55% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -14.33% | +8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 3.10% | +1.32% |
Volatility
MOAT.L vs. VGOV.L - Volatility Comparison
VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) have volatilities of 3.79% and 3.84%, 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.L | VGOV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.84% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 8.01% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 10.52% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 15.29% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 13.85% | +3.08% |
MOAT.L vs. VGOV.L - Expense Ratio Comparison
MOAT.L has a 0.49% expense ratio, which is higher than VGOV.L's 0.07% expense ratio.
Dividends
MOAT.L vs. VGOV.L - Dividend Comparison
MOAT.L has not paid dividends to shareholders, while VGOV.L's dividend yield for the trailing twelve months is around 4.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | 4.61% | 4.51% | 4.14% | 3.16% | 1.87% | 1.09% | 1.16% | 1.38% | 1.57% | 1.62% | 1.62% | 1.92% |
Frequently Asked Questions
MOAT.L and VGOV.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.L is cheaper with a 0.07% expense ratio, compared with 0.49% for MOAT.L.
MOAT.L is categorized as Large Cap Blend Equities, while VGOV.L is European Government Bonds. MOAT.L tracks Russell 1000 TR USD, while VGOV.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.49% for MOAT.L and 0.07% for VGOV.L.
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