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MOAT vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MOAT vs. DHS

Last updated Jun 12, 2026

MOAT (VanEck Morningstar Wide Moat ETF) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, MOAT returned 13.35%/yr vs 9.75%/yr for DHS. A 0.76 correlation means they provide meaningful diversification when combined. MOAT charges 0.47%/yr vs 0.38%/yr for DHS.

Performance

MOAT vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat ETF (MOAT) and WisdomTree US High Dividend Fund (DHS). 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 achieves a -1.06% return, which is significantly lower than DHS's 12.81% return. Over the past 10 years, MOAT has outperformed DHS with an annualized return of 13.35%, while DHS has yielded a comparatively lower 9.75% annualized return.

MOAT

1D
1.16%
1M
2.54%
YTD
-1.06%
6M
-2.38%
1Y
12.21%
3Y*
10.67%
5Y*
7.69%
10Y*
13.35%

DHS

1D
0.56%
1M
2.48%
YTD
12.81%
6M
12.76%
1Y
22.47%
3Y*
16.75%
5Y*
11.12%
10Y*
9.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MOAT vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MOAT
VanEck Morningstar Wide Moat ETF		-1.06%13.20%10.73%31.89%-13.66%24.12%14.84%34.79%-1.28%23.18%
DHS
WisdomTree US High Dividend Fund		12.81%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between MOAT and DHS is 0.55, 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

0.55

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

0.68

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

0.69

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

0.74

Correlation (All Time)
Calculated using the full available price history since Apr 25, 2012

0.76

Over the past year, the correlation between MOAT and DHS has dropped to 0.55 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

MOAT vs. DHS - Sectors Allocation Comparison

Sectors
MOAT
DHS

Technology

32.8%
3.7%

Consumer Defensive

17.5%
18.7%

Healthcare

16.0%
14.5%

Industrials

13.5%
4.1%

Consumer Cyclical

10.3%
5.0%

Financial Services

6.7%
22.3%

Communication Services

2.4%
9.3%

Real Estate

0.8%
2.8%

Basic Materials

-

1.2%

Energy

-

9.4%

Utilities

-

9.0%

Technology

MOAT
32.8%
DHS
3.7%

Consumer Defensive

MOAT
17.5%
DHS
18.7%

Healthcare

MOAT
16.0%
DHS
14.5%

Industrials

MOAT
13.5%
DHS
4.1%

Consumer Cyclical

MOAT
10.3%
DHS
5.0%

Financial Services

MOAT
6.7%
DHS
22.3%

Communication Services

MOAT
2.4%
DHS
9.3%

Real Estate

MOAT
0.8%
DHS
2.8%

Basic Materials

MOAT

-

DHS
1.2%

Energy

MOAT

-

DHS
9.4%

Utilities

MOAT

-

DHS
9.0%

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VanEck Morningstar Wide Moat ETF

WisdomTree US High Dividend Fund

Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

MOAT vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MOAT
MOAT Risk / Return Rank: 2828
Overall Rank
MOAT Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
MOAT Sortino Ratio Rank: 2929
Sortino Ratio Rank
MOAT Omega Ratio Rank: 2727
Omega Ratio Rank
MOAT Calmar Ratio Rank: 2525
Calmar Ratio Rank
MOAT Martin Ratio Rank: 2727
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 8282
Overall Rank
DHS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 8888
Sortino Ratio Rank
DHS Omega Ratio Rank: 7979
Omega Ratio Rank
DHS Calmar Ratio Rank: 8181
Calmar Ratio Rank
DHS Martin Ratio Rank: 8181
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 vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and WisdomTree US High Dividend Fund (DHS). 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.

MOATDHSDifference
Sharpe ratioReturn per unit of total volatility
0.88
2.25

-1.37

Sortino ratioReturn per unit of downside risk
1.35
3.37

-2.02

Omega ratioGain probability vs. loss probability

1.15

1.39

-0.23

Calmar ratioReturn relative to maximum drawdown

0.99

3.58

-2.60

Martin ratioReturn relative to average drawdown

3.02

13.09

-10.07

MOAT vs. DHS - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 0.88, which is lower than the DHS Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of MOAT and DHS, 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 vs. DHS - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for MOAT and DHS.

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Drawdown Indicators

MOATDHSDifference

Max Drawdown

Largest peak-to-trough decline

-33.31%

-67.25%

+33.94%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-6.30%

-6.13%

Max Drawdown (3Y)

Largest decline over 3 years

-21.44%

-11.87%

-9.57%

Max Drawdown (5Y)

Largest decline over 5 years

-23.96%

-15.28%

-8.68%

Max Drawdown (10Y)

Largest decline over 10 years

-33.31%

-37.35%

+4.04%

Current Drawdown

Current decline from peak

-4.84%

-0.00%

-4.84%

Average Drawdown

Average peak-to-trough decline

-3.83%

-9.54%

+5.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.05%

1.72%

+2.33%

Volatility

MOAT vs. DHS - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT) has a higher volatility of 4.16% compared to WisdomTree US High Dividend Fund (DHS) at 3.07%. This indicates that MOAT's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MOATDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.16%

3.07%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

10.04%

7.35%

+2.69%

Volatility (1Y)

Calculated over the trailing 1-year period

13.94%

10.02%

+3.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.21%

13.90%

+4.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.69%

16.08%

+2.61%

MOAT vs. DHS - Expense Ratio Comparison

MOAT has a 0.47% expense ratio, which is higher than DHS's 0.38% expense ratio.

Dividends

MOAT vs. DHS - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.37%, less than DHS's 3.27% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.27%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%
MOAT
VanEck Morningstar Wide Moat ETF		1.37%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 DHS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MOAT has higher volatility (4.16%) compared to DHS (3.07%). In terms of maximum drawdown, MOAT dropped -33.31% vs DHS's -67.25%.

On 10-year performance, MOAT leads with 13.35% vs 9.75% for DHS. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MOAT has performed better with a 13.35% return vs 9.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DHS is cheaper with a 0.38% expense ratio, compared with 0.47% for MOAT.

DHS has the higher dividend yield at 3.27%, compared with 1.37% for MOAT.

MOAT is categorized as Large Cap Blend Equities, while DHS is Large Cap Value Equities. MOAT tracks Morningstar Wide Moat Focus Index, while DHS tracks WisdomTree U.S. High Dividend Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.47% for MOAT and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.25 vs 0.88), 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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