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MOAT vs. INDY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MOAT vs. INDY

Last updated Jun 14, 2026

MOAT (VanEck Morningstar Wide Moat ETF) and INDY (iShares India 50 ETF) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while INDY is a Emerging Markets Equities fund tracking the Nifty 50 Index. Both are passively managed. Over the past 10 years, MOAT returned 13.47%/yr vs 6.65%/yr for INDY. A 0.50 correlation means they provide meaningful diversification when combined. MOAT charges 0.47%/yr vs 0.65%/yr for INDY.

Performance

MOAT vs. INDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat ETF (MOAT) and iShares India 50 ETF (INDY). 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 higher than INDY's -13.37% return. Over the past 10 years, MOAT has outperformed INDY with an annualized return of 13.47%, while INDY has yielded a comparatively lower 6.65% annualized 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%

INDY

1D
1.16%
1M
0.02%
YTD
-13.37%
6M
-11.62%
1Y
-12.55%
3Y*
1.97%
5Y*
1.75%
10Y*
6.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MOAT vs. INDY - 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%
INDY
iShares India 50 ETF		-13.37%4.97%3.47%16.88%-7.31%19.43%10.01%9.99%-4.32%36.15%

Correlation

The correlation between MOAT and INDY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.40

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

0.49

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

0.48

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

0.50

The correlation between MOAT and INDY shifts across timeframes, from 0.36 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

MOAT vs. INDY - Sectors Allocation Comparison

Sectors
MOAT
INDY

Technology

33.8%
8.5%

Consumer Defensive

17.0%
6.0%

Healthcare

15.9%
4.7%

Industrials

13.8%
8.0%

Financial Services

9.0%
35.2%

Consumer Cyclical

7.3%
11.0%

Communication Services

2.4%
5.2%

Real Estate

0.8%

-

Basic Materials

-

7.7%

Energy

-

11.0%

Utilities

-

2.9%

Technology

MOAT
33.8%
INDY
8.5%

Consumer Defensive

MOAT
17.0%
INDY
6.0%

Healthcare

MOAT
15.9%
INDY
4.7%

Industrials

MOAT
13.8%
INDY
8.0%

Financial Services

MOAT
9.0%
INDY
35.2%

Consumer Cyclical

MOAT
7.3%
INDY
11.0%

Communication Services

MOAT
2.4%
INDY
5.2%

Real Estate

MOAT
0.8%
INDY

-

Basic Materials

MOAT

-

INDY
7.7%

Energy

MOAT

-

INDY
11.0%

Utilities

MOAT

-

INDY
2.9%

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 India 50 ETF

Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO
Often compared with INDY:
INDY vs. INDAINDY vs. NFTYINDY vs. EPIINDY vs. FLININDY vs. VOOINDY vs. XNIF.LINDY vs. GLIN

Return for Risk

MOAT vs. INDY — 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
INDY
INDY Risk / Return Rank: 22
Overall Rank
INDY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
INDY Sortino Ratio Rank: 22
Sortino Ratio Rank
INDY Omega Ratio Rank: 22
Omega Ratio Rank
INDY Calmar Ratio Rank: 33
Calmar Ratio Rank
INDY Martin Ratio Rank: 11
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. INDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and iShares India 50 ETF (INDY). 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.

MOATINDYDifference
Sharpe ratioReturn per unit of total volatility
0.91
-0.97

+1.88

Sortino ratioReturn per unit of downside risk
1.39
-1.37

+2.76

Omega ratioGain probability vs. loss probability

1.16

0.85

+0.31

Calmar ratioReturn relative to maximum drawdown

1.02

-0.73

+1.75

Martin ratioReturn relative to average drawdown

3.11

-1.59

+4.70

MOAT vs. INDY - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 0.91, which is higher than the INDY Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of MOAT and INDY, 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. INDY - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum INDY drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for MOAT and INDY.

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Drawdown Indicators

MOATINDYDifference

Max Drawdown

Largest peak-to-trough decline

-33.31%

-44.74%

+11.43%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-18.95%

+6.52%

Max Drawdown (3Y)

Largest decline over 3 years

-21.44%

-22.40%

+0.96%

Max Drawdown (5Y)

Largest decline over 5 years

-23.96%

-22.40%

-1.56%

Max Drawdown (10Y)

Largest decline over 10 years

-33.31%

-43.50%

+10.19%

Current Drawdown

Current decline from peak

-4.45%

-19.12%

+14.67%

Average Drawdown

Average peak-to-trough decline

-3.83%

-12.23%

+8.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.06%

8.72%

-4.66%

Volatility

MOAT vs. INDY - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT) and iShares India 50 ETF (INDY) have volatilities of 4.13% and 3.98%, 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

MOATINDYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

3.98%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

9.90%

12.35%

-2.45%

Volatility (1Y)

Calculated over the trailing 1-year period

13.93%

14.31%

-0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.20%

14.96%

+3.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.68%

19.58%

-0.90%

MOAT vs. INDY - Expense Ratio Comparison

MOAT has a 0.47% expense ratio, which is lower than INDY's 0.65% expense ratio.

Dividends

MOAT vs. INDY - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.36%, less than INDY's 9.36% yield.

PositionTTM20252024202320222021202020192018201720162015
INDY
iShares India 50 ETF		9.36%8.11%0.24%0.38%3.75%7.12%0.08%0.58%0.55%0.27%0.48%0.57%
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 INDY have a correlation of 0.36, 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 INDY (3.98%). In terms of maximum drawdown, MOAT dropped -33.31% vs INDY's -44.74%.

On 10-year performance, MOAT leads with 13.47% vs 6.65% for INDY. On fees, MOAT is cheaper at 0.47% per year. On volatility, INDY has been the lower-risk option at 3.98%. 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 6.65%. 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 0.65% for INDY.

INDY has the higher dividend yield at 9.36%, compared with 1.36% for MOAT.

MOAT is categorized as Large Cap Blend Equities, while INDY is Emerging Markets Equities. MOAT tracks Morningstar Wide Moat Focus Index, while INDY tracks Nifty 50 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.47% for MOAT and 0.65% for INDY.

MOAT currently has the higher Sharpe Ratio (0.91 vs -0.97), 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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