MOAT vs. BRK-A
MOAT (VanEck Morningstar Wide Moat ETF) is Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while BRK-A (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, MOAT returned 13.40%/yr vs 12.93%/yr for BRK-A. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
MOAT vs. BRK-A - Performance Comparison
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Returns By Period
In the year-to-date period, MOAT achieves a -0.07% return, which is significantly higher than BRK-A's -4.82% return. Both investments have delivered pretty close results over the past 10 years, with MOAT having a 13.40% annualized return and BRK-A not far behind at 12.93%.
MOAT
- 1D
- 0.88%
- 1M
- 3.57%
- YTD
- -0.07%
- 6M
- -0.05%
- 1Y
- 15.51%
- 3Y*
- 11.79%
- 5Y*
- 8.20%
- 10Y*
- 13.40%
BRK-A
- 1D
- 0.66%
- 1M
- 2.64%
- YTD
- -4.82%
- 6M
- -4.81%
- 1Y
- -2.63%
- 3Y*
- 12.92%
- 5Y*
- 10.35%
- 10Y*
- 12.93%
MOAT vs. BRK-A - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | -0.07% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | 23.18% |
BRK-A Berkshire Hathaway Inc. | -4.82% | 10.85% | 25.49% | 15.77% | 4.00% | 29.57% | 2.42% | 10.98% | 2.82% | 21.91% |
Correlation
The correlation between MOAT and BRK-A is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.61 |
Over the past year, the correlation between MOAT and BRK-A has dropped to 0.25 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
MOAT vs. BRK-A — Risk / Return Rank
MOAT
BRK-A
MOAT vs. BRK-A - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and Berkshire Hathaway Inc. (BRK-A). 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 | BRK-A | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.98 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.29 | +1.54 |
| Martin ratioReturn relative to average drawdown | 3.90 | -0.60 | +4.50 |
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 | BRK-A | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.19 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.61 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.68 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.82 | -0.05 |
Drawdowns
MOAT vs. BRK-A - Drawdown Comparison
The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum BRK-A drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for MOAT and BRK-A.
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Drawdown Indicators
| MOAT | BRK-A | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -51.47% | +18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.12% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -14.43% | -7.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.96% | -25.98% | +2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.31% | -30.43% | -2.88% |
Current DrawdownCurrent decline from peak | -3.88% | -11.23% | +7.35% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -9.52% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 4.39% | -0.41% |
Volatility
MOAT vs. BRK-A - Volatility Comparison
VanEck Morningstar Wide Moat ETF (MOAT) has a higher volatility of 3.86% compared to Berkshire Hathaway Inc. (BRK-A) at 3.58%. This indicates that MOAT's price experiences larger fluctuations and is considered to be riskier than BRK-A based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOAT | BRK-A | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.58% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 10.42% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 13.84% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 17.15% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 18.97% | -0.29% |
Dividends
MOAT vs. BRK-A - Dividend Comparison
MOAT's dividend yield for the trailing twelve months is around 1.36%, while BRK-A has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK-A Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Morningstar Wide Moat ETF | 1.36% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
Frequently Asked Questions
MOAT and BRK-A have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOAT has higher volatility (3.86%) compared to BRK-A (3.58%). In terms of maximum drawdown, MOAT dropped -33.31% vs BRK-A's -51.47%.
MOAT currently has the higher Sharpe Ratio (1.12 vs -0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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