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MOAT vs. EWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MOAT vs. EWM

Last updated Jun 13, 2026

MOAT (VanEck Morningstar Wide Moat ETF) and EWM (iShares MSCI Malaysia ETF) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while EWM is a Asia Pacific Equities fund tracking the MSCI Malaysia Index. Both are passively managed. Over the past 10 years, MOAT returned 13.47%/yr vs 2.79%/yr for EWM. At a 0.47 correlation, their price movements are largely independent. MOAT charges 0.47%/yr vs 0.49%/yr for EWM.

Performance

MOAT vs. EWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat ETF (MOAT) and iShares MSCI Malaysia ETF (EWM). 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 -0.66% return, which is significantly lower than EWM's 2.89% return. Over the past 10 years, MOAT has outperformed EWM with an annualized return of 13.47%, while EWM has yielded a comparatively lower 2.79% annualized return.

MOAT

1D
0.41%
1M
3.44%
YTD
-0.66%
6M
-1.22%
1Y
12.57%
3Y*
10.55%
5Y*
7.78%
10Y*
13.47%

EWM

1D
0.25%
1M
-6.82%
YTD
2.89%
6M
6.00%
1Y
19.03%
3Y*
14.97%
5Y*
4.69%
10Y*
2.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MOAT vs. EWM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MOAT
VanEck Morningstar Wide Moat ETF		-0.66%13.20%10.73%31.89%-13.66%24.12%14.84%34.79%-1.28%23.18%
EWM
iShares MSCI Malaysia ETF		2.89%15.74%19.46%-3.61%-6.00%-7.40%3.12%-1.41%-6.28%24.25%

Correlation

The correlation between MOAT and EWM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

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

0.39

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

0.41

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

0.44

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

0.47

MOAT vs. EWM - Sectors Allocation Comparison

Sectors
MOAT
EWM

Technology

32.8%

-

Consumer Defensive

17.5%
7.3%

Healthcare

16.0%
3.8%

Industrials

13.5%
11.1%

Consumer Cyclical

10.3%
1.1%

Financial Services

6.7%
46.6%

Communication Services

2.4%
6.6%

Real Estate

0.8%

-

Basic Materials

-

8.9%

Energy

-

3.9%

Utilities

-

10.8%

Technology

MOAT
32.8%
EWM

-

Consumer Defensive

MOAT
17.5%
EWM
7.3%

Healthcare

MOAT
16.0%
EWM
3.8%

Industrials

MOAT
13.5%
EWM
11.1%

Consumer Cyclical

MOAT
10.3%
EWM
1.1%

Financial Services

MOAT
6.7%
EWM
46.6%

Communication Services

MOAT
2.4%
EWM
6.6%

Real Estate

MOAT
0.8%
EWM

-

Basic Materials

MOAT

-

EWM
8.9%

Energy

MOAT

-

EWM
3.9%

Utilities

MOAT

-

EWM
10.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Morningstar Wide Moat ETF

iShares MSCI Malaysia ETF

Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO
Often compared with EWM:
EWM vs. EIDOEWM vs. EWYEWM vs. EWTEWM vs. EPIEWM vs. AAXJEWM vs. VOOEWM vs. SCHD

Return for Risk

MOAT vs. EWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MOAT
MOAT Risk / Return Rank: 2626
Overall Rank
MOAT Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
MOAT Sortino Ratio Rank: 2828
Sortino Ratio Rank
MOAT Omega Ratio Rank: 2626
Omega Ratio Rank
MOAT Calmar Ratio Rank: 2424
Calmar Ratio Rank
MOAT Martin Ratio Rank: 2626
Martin Ratio Rank
EWM
EWM Risk / Return Rank: 4444
Overall Rank
EWM Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
EWM Sortino Ratio Rank: 4343
Sortino Ratio Rank
EWM Omega Ratio Rank: 4141
Omega Ratio Rank
EWM Calmar Ratio Rank: 4848
Calmar Ratio Rank
EWM Martin Ratio Rank: 4646
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. EWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and iShares MSCI Malaysia ETF (EWM). 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.

MOATEWMDifference
Sharpe ratioReturn per unit of total volatility
0.91
1.36

-0.45

Sortino ratioReturn per unit of downside risk
1.39
1.92

-0.54

Omega ratioGain probability vs. loss probability

1.16

1.24

-0.08

Calmar ratioReturn relative to maximum drawdown

1.02

2.09

-1.08

Martin ratioReturn relative to average drawdown

3.11

6.65

-3.54

MOAT vs. EWM - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 0.91, which is lower than the EWM Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of MOAT and EWM, 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. EWM - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum EWM drawdown of -89.19%. Use the drawdown chart below to compare losses from any high point for MOAT and EWM.

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Drawdown Indicators

MOATEWMDifference

Max Drawdown

Largest peak-to-trough decline

-33.31%

-89.19%

+55.88%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-9.14%

-3.29%

Max Drawdown (3Y)

Largest decline over 3 years

-21.44%

-21.31%

-0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-23.96%

-22.76%

-1.20%

Max Drawdown (10Y)

Largest decline over 10 years

-33.31%

-43.81%

+10.50%

Current Drawdown

Current decline from peak

-4.45%

-9.08%

+4.63%

Average Drawdown

Average peak-to-trough decline

-3.83%

-31.80%

+27.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.06%

2.87%

+1.19%

Volatility

MOAT vs. EWM - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT) and iShares MSCI Malaysia ETF (EWM) have volatilities of 4.13% and 3.97%, 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

MOATEWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

3.97%

+0.16%

Volatility (6M)

Calculated over the trailing 6-month period

9.90%

10.95%

-1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

13.93%

14.10%

-0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.20%

13.72%

+4.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.68%

16.27%

+2.41%

MOAT vs. EWM - Expense Ratio Comparison

MOAT has a 0.47% expense ratio, which is lower than EWM's 0.49% expense ratio.

Dividends

MOAT vs. EWM - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.36%, less than EWM's 3.32% yield.

PositionTTM20252024202320222021202020192018201720162015
EWM
iShares MSCI Malaysia ETF		3.32%3.41%3.32%3.47%3.00%6.48%1.89%2.91%3.84%5.58%5.97%37.54%
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 EWM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MOAT has higher volatility (4.13%) compared to EWM (3.97%). In terms of maximum drawdown, MOAT dropped -33.31% vs EWM's -89.19%.

On 10-year performance, MOAT leads with 13.47% vs 2.79% for EWM. On fees, MOAT is cheaper at 0.47% per year. On volatility, EWM has been the lower-risk option at 3.97%. 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 13.47% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MOAT is cheaper with a 0.47% expense ratio, compared with 0.49% for EWM.

EWM has the higher dividend yield at 3.32%, compared with 1.36% for MOAT.

MOAT is categorized as Large Cap Blend Equities, while EWM is Asia Pacific Equities. MOAT tracks Morningstar Wide Moat Focus Index, while EWM tracks MSCI Malaysia Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.47% for MOAT and 0.49% for EWM.

EWM currently has the higher Sharpe Ratio (1.36 vs 0.91), 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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