MOAT vs. GDE
MOAT (VanEck Morningstar Wide Moat ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while GDE is a Gold fund actively managed by WisdomTree. MOAT is passively managed, while GDE is actively managed. Over the past 3 years, MOAT returned 10.55%/yr vs 42.64%/yr for GDE. A 0.57 correlation means they provide meaningful diversification when combined. MOAT charges 0.47%/yr vs 0.20%/yr for GDE.
Performance
MOAT vs. GDE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MOAT achieves a -0.66% return, which is significantly lower than GDE's 3.16% return.
MOAT
- 1D
- 0.41%
- 1M
- 3.19%
- YTD
- -0.66%
- 6M
- -1.22%
- 1Y
- 14.57%
- 3Y*
- 10.55%
- 5Y*
- 7.78%
- 10Y*
- 13.47%
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
MOAT vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | -0.66% | 13.20% | 10.73% | 31.89% | -8.83% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.16% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between MOAT and GDE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.57 |
The correlation between MOAT and GDE shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MOAT vs. GDE — Risk / Return Rank
MOAT
GDE
MOAT vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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 | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.83 | -0.82 |
| Martin ratioReturn relative to average drawdown | 3.11 | 5.36 | -2.25 |
Loading charts...
Drawdowns
MOAT vs. GDE - Drawdown Comparison
The maximum MOAT drawdown since its inception was -33.31%, roughly equal to the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for MOAT and GDE.
Loading charts...
Drawdown Indicators
| MOAT | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -32.01% | -1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -22.66% | +10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -22.66% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.31% | — | — |
Current DrawdownCurrent decline from peak | -4.45% | -16.53% | +12.08% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -7.93% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 7.73% | -3.67% |
Volatility
MOAT vs. GDE - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat ETF (MOAT) is 4.13%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 10.77%. This indicates that MOAT experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MOAT | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 10.77% | -6.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 25.97% | -16.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 29.88% | -15.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 27.09% | -8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 27.09% | -8.41% |
MOAT vs. GDE - Expense Ratio Comparison
MOAT has a 0.47% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
MOAT vs. GDE - Dividend Comparison
MOAT's dividend yield for the trailing twelve months is around 1.36%, less than GDE's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% | 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 GDE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (10.77%) compared to MOAT (4.13%). In terms of maximum drawdown, MOAT dropped -33.31% vs GDE's -32.01%.
On 3-year performance, GDE leads with 42.64% vs 10.55% for MOAT. On fees, GDE is cheaper at 0.20% per year. On volatility, MOAT has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 42.64% return vs 10.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.47% for MOAT.
GDE has the higher dividend yield at 4.19%, compared with 1.36% for MOAT.
MOAT is categorized as Large Cap Blend Equities, while GDE is Gold. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.47% for MOAT and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.39 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.
Find the right allocation for MOAT and GDE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer