MOAT.L vs. VPN.L
MOAT.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and VPN.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - MOAT.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VPN.L is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure v2 Index. Both are passively managed. Over the past 3 years, MOAT.L returned 7.58%/yr vs 26.86%/yr for VPN.L. A 0.58 correlation means they provide meaningful diversification when combined. MOAT.L charges 0.49%/yr vs 0.50%/yr for VPN.L.
Performance
MOAT.L vs. VPN.L - Performance Comparison
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Returns By Period
In the year-to-date period, MOAT.L achieves a 0.42% return, which is significantly lower than VPN.L's 29.81% return.
MOAT.L
- 1D
- -0.46%
- 1M
- 3.53%
- 6M
- -1.16%
- YTD
- 0.42%
- 1Y
- 7.70%
- 3Y*
- 7.58%
- 5Y*
- 3.74%
- 10Y*
- 10.71%
VPN.L
- 1D
- -1.35%
- 1M
- -13.39%
- 6M
- 16.18%
- YTD
- 29.81%
- 1Y
- 44.32%
- 3Y*
- 26.86%
- 5Y*
- —
- 10Y*
- —
MOAT.L vs. VPN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF | 0.42% | 7.34% | 11.12% | 18.37% | -18.70% | 4.51% |
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 29.81% | 29.31% | 13.54% | 17.68% | -30.40% | 3.62% |
Correlation
The correlation between MOAT.L and VPN.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.58 |
Over the past year, the correlation between MOAT.L and VPN.L has dropped to 0.30 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
MOAT.L vs. VPN.L — Risk / Return Rank
MOAT.L
VPN.L
MOAT.L vs. VPN.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 Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.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.
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.L | VPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.30 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 2.87 | -2.22 |
| Martin ratioReturn relative to average drawdown | 1.62 | 8.60 | -6.98 |
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Drawdowns
MOAT.L vs. VPN.L - Drawdown Comparison
The maximum MOAT.L drawdown since its inception was -32.78%, smaller than the maximum VPN.L drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for MOAT.L and VPN.L.
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Drawdown Indicators
| MOAT.L | VPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -38.80% | +6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -15.39% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.84% | -25.58% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.78% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -15.39% | +13.38% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -14.64% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 5.14% | -0.39% |
Volatility
MOAT.L vs. VPN.L - Volatility Comparison
The current volatility for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) is 4.72%, while Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) has a volatility of 7.36%. This indicates that MOAT.L experiences smaller price fluctuations and is considered to be less risky than VPN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOAT.L | VPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 7.36% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 17.63% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 23.60% | -9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 22.63% | -6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 22.63% | -5.79% |
MOAT.L vs. VPN.L - Expense Ratio Comparison
MOAT.L has a 0.49% expense ratio, which is lower than VPN.L's 0.50% expense ratio.
Dividends
MOAT.L vs. VPN.L - Dividend Comparison
Neither MOAT.L nor VPN.L has paid dividends to shareholders.
Frequently Asked Questions
MOAT.L and VPN.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MOAT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MOAT.L is cheaper with a 0.49% expense ratio, compared with 0.50% for VPN.L.
MOAT.L is categorized as Large Cap Blend Equities, while VPN.L is REIT. MOAT.L tracks Russell 1000 TR USD, while VPN.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.49% for MOAT.L and 0.50% for VPN.L.
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