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MOAT vs. FSEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MOAT vs. FSEU.L

Last updated Jun 7, 2026

MOAT (VanEck Morningstar Wide Moat ETF) and FSEU.L (iShares Edge MSCI Europe Multifactor UCITS) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while FSEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, MOAT returned 13.34%/yr vs 9.81%/yr for FSEU.L. At a 0.49 correlation, their price movements are largely independent. MOAT charges 0.47%/yr vs 0.45%/yr for FSEU.L.

Performance

MOAT vs. FSEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat ETF (MOAT) and iShares Edge MSCI Europe Multifactor UCITS (FSEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MOAT is traded in USD, while FSEU.L is traded in GBp. To make them comparable, the FSEU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MOAT achieves a -1.46% return, which is significantly lower than FSEU.L's 7.98% return. Over the past 10 years, MOAT has outperformed FSEU.L with an annualized return of 13.34%, while FSEU.L has yielded a comparatively lower 9.81% annualized return.

MOAT

1D
-1.39%
1M
0.51%
YTD
-1.46%
6M
-1.67%
1Y
13.48%
3Y*
11.01%
5Y*
7.89%
10Y*
13.34%

FSEU.L

1D
-0.96%
1M
-0.62%
YTD
7.98%
6M
11.99%
1Y
20.48%
3Y*
20.96%
5Y*
9.36%
10Y*
9.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MOAT vs. FSEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MOAT
VanEck Morningstar Wide Moat ETF		-1.46%13.20%10.73%31.89%-13.66%24.12%14.84%34.79%-1.28%23.18%
FSEU.L
iShares Edge MSCI Europe Multifactor UCITS		7.98%36.70%7.42%22.85%-20.10%17.34%8.25%23.04%-15.23%27.77%

Correlation

The correlation between MOAT and FSEU.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.46

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

0.50

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

0.49

Correlation (All Time)
Calculated using the full available price history since Sep 7, 2015

0.49

The correlation between MOAT and FSEU.L has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.

MOAT vs. FSEU.L - Sectors Allocation Comparison

Sectors
MOAT
FSEU.L

Technology

32.8%
8.4%

Consumer Defensive

17.5%
8.2%

Healthcare

16.0%
11.5%

Industrials

13.5%
17.7%

Consumer Cyclical

10.3%
6.2%

Financial Services

6.7%
28.0%

Communication Services

2.4%
5.4%

Real Estate

0.8%
1.3%

Basic Materials

-

2.1%

Energy

-

5.8%

Utilities

-

5.4%

Technology

MOAT
32.8%
FSEU.L
8.4%

Consumer Defensive

MOAT
17.5%
FSEU.L
8.2%

Healthcare

MOAT
16.0%
FSEU.L
11.5%

Industrials

MOAT
13.5%
FSEU.L
17.7%

Consumer Cyclical

MOAT
10.3%
FSEU.L
6.2%

Financial Services

MOAT
6.7%
FSEU.L
28.0%

Communication Services

MOAT
2.4%
FSEU.L
5.4%

Real Estate

MOAT
0.8%
FSEU.L
1.3%

Basic Materials

MOAT

-

FSEU.L
2.1%

Energy

MOAT

-

FSEU.L
5.8%

Utilities

MOAT

-

FSEU.L
5.4%

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 Edge MSCI Europe Multifactor UCITS

Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO
Often compared with FSEU.L:
FSEU.L vs. BIAHXFSEU.L vs. SMEA.LFSEU.L vs. VHYL.ASFSEU.L vs. GOOGFSEU.L vs. XDEQ.LFSEU.L vs. CS1.LFSEU.L vs. CNDX.L

Return for Risk

MOAT vs. FSEU.L — 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: 3030
Sharpe Ratio Rank
MOAT Sortino Ratio Rank: 3030
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
FSEU.L
FSEU.L Risk / Return Rank: 6363
Overall Rank
FSEU.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FSEU.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
FSEU.L Omega Ratio Rank: 6868
Omega Ratio Rank
FSEU.L Calmar Ratio Rank: 5858
Calmar Ratio Rank
FSEU.L Martin Ratio Rank: 6060
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. FSEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and iShares Edge MSCI Europe Multifactor UCITS (FSEU.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.

MOATFSEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.06
1.45

-0.40

Sortino ratioReturn per unit of downside risk
1.59
2.10

-0.50

Omega ratioGain probability vs. loss probability

1.18

1.27

-0.09

Calmar ratioReturn relative to maximum drawdown

1.18

2.09

-0.91

Martin ratioReturn relative to average drawdown

3.66

7.51

-3.85

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOAT vs. FSEU.L - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 1.06, which is comparable to the FSEU.L Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of MOAT and FSEU.L, 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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Sharpe Ratios by Period

MOATFSEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

1.45

-0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.55

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.55

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

0.34

+0.43

Drawdowns

MOAT vs. FSEU.L - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum FSEU.L drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for MOAT and FSEU.L.

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Drawdown Indicators

MOATFSEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.31%

-38.64%

+5.33%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-9.76%

-2.67%

Max Drawdown (3Y)

Largest decline over 3 years

-21.44%

-14.01%

-7.43%

Max Drawdown (5Y)

Largest decline over 5 years

-23.96%

-35.73%

+11.77%

Max Drawdown (10Y)

Largest decline over 10 years

-33.31%

-38.64%

+5.33%

Current Drawdown

Current decline from peak

-5.22%

-2.05%

-3.17%

Average Drawdown

Average peak-to-trough decline

-3.83%

-11.36%

+7.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.00%

2.72%

+1.28%

Volatility

MOAT vs. FSEU.L - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT) has a higher volatility of 4.05% compared to iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) at 3.78%. This indicates that MOAT's price experiences larger fluctuations and is considered to be riskier than FSEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MOATFSEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

3.78%

+0.27%

Volatility (6M)

Calculated over the trailing 6-month period

9.90%

11.41%

-1.51%

Volatility (1Y)

Calculated over the trailing 1-year period

13.92%

14.06%

-0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.18%

17.08%

+1.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.69%

17.65%

+1.04%

MOAT vs. FSEU.L - Expense Ratio Comparison

MOAT has a 0.47% expense ratio, which is higher than FSEU.L's 0.45% expense ratio.

Dividends

MOAT vs. FSEU.L - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.38%, while FSEU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FSEU.L
iShares Edge MSCI Europe Multifactor UCITS		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		1.38%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 FSEU.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FSEU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FSEU.L is cheaper with a 0.45% expense ratio, compared with 0.47% for MOAT.

MOAT is categorized as Large Cap Blend Equities, while FSEU.L is Europe Equities. MOAT tracks Morningstar Wide Moat Focus Index, while FSEU.L tracks MSCI Europe NR EUR. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.47% for MOAT and 0.45% for FSEU.L.

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