MOAT vs. IPRP.L

Last updated Jun 7, 2026

MOAT (VanEck Morningstar Wide Moat ETF) and IPRP.L (iShares European Property Yield UCITS ETF) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR. Both are passively managed. Over the past 10 years, MOAT returned 13.34%/yr vs 0.50%/yr for IPRP.L. At a 0.35 correlation, their price movements are largely independent. MOAT charges 0.47%/yr vs 0.40%/yr for IPRP.L.

Performance

MOAT vs. IPRP.L - Performance Comparison

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

Different Trading Currencies

MOAT is traded in USD, while IPRP.L is traded in GBp. To make them comparable, the IPRP.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 higher than IPRP.L's -2.52% return. Over the past 10 years, MOAT has outperformed IPRP.L with an annualized return of 13.34%, while IPRP.L has yielded a comparatively lower 0.50% 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%

IPRP.L

• 1D: -1.84%
• 1M: -4.71%
• YTD: -2.52%
• 6M: -0.50%
• 1Y: -1.57%
• 3Y*: 12.99%
• 5Y*: -5.39%
• 10Y*: 0.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MOAT vs. IPRP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IPRP.L iShares European Property Yield UCITS ETF	-2.52%	22.21%	-6.55%	21.51%	-40.83%	0.96%	-0.89%	23.20%	-10.72%	30.48%

Correlation

The correlation between MOAT and IPRP.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.35

MOAT vs. IPRP.L - Sectors Allocation Comparison

Sectors	MOAT	IPRP.L
Technology	32.8%	-
Consumer Defensive	17.5%	-
Healthcare	16.0%	-
Industrials	13.5%	-
Consumer Cyclical	10.3%	-
Financial Services	6.7%	-
Communication Services	2.4%	-
Real Estate	0.8%	100.0%
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

MOAT vs. IPRP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MOAT

MOAT Risk / Return Rank: 28
MOAT Sharpe Ratio Rank: 30
MOAT Sortino Ratio Rank: 30
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 27

IPRP.L

IPRP.L Risk / Return Rank: 9
IPRP.L Sharpe Ratio Rank: 10
IPRP.L Sortino Ratio Rank: 9
IPRP.L Omega Ratio Rank: 9
IPRP.L Calmar Ratio Rank: 10
IPRP.L Martin Ratio Rank: 9

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. IPRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and iShares European Property Yield UCITS ETF (IPRP.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.

	MOAT	IPRP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.06	-0.11	+1.16
Sortino ratio: Return per unit of downside risk	1.59	-0.03	+1.62
Omega ratio: Gain probability vs. loss probability	1.18	1.00	+0.19
Calmar ratio: Return relative to maximum drawdown	1.18	-0.10	+1.28
Martin ratio: Return relative to average drawdown	3.66	-0.26	+3.92
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. IPRP.L - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 1.06, which is higher than the IPRP.L Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of MOAT and IPRP.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.

Sharpe Ratios by Period

	MOAT	IPRP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	-0.11	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	-0.22	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.02	+0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.05	+0.72

Drawdowns

MOAT vs. IPRP.L - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum IPRP.L drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for MOAT and IPRP.L.

Drawdown Indicators

	MOAT	IPRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-73.26%	+39.95%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-17.54%	+5.11%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	-20.80%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	-23.96%	-58.02%	+34.06%
Max Drawdown (10Y) Largest decline over 10 years	-33.31%	-58.02%	+24.71%
Current Drawdown Current decline from peak	-5.22%	-27.98%	+22.76%
Average Drawdown Average peak-to-trough decline	-3.83%	-20.08%	+16.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	6.84%	-2.84%

Volatility

MOAT vs. IPRP.L - Volatility Comparison

The current volatility for VanEck Morningstar Wide Moat ETF (MOAT) is 4.05%, while iShares European Property Yield UCITS ETF (IPRP.L) has a volatility of 4.75%. This indicates that MOAT experiences smaller price fluctuations and is considered to be less risky than IPRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOAT	IPRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.75%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	14.04%	-4.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.92%	16.89%	-2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.18%	24.18%	-6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	21.44%	-2.75%

MOAT vs. IPRP.L - Expense Ratio Comparison

MOAT has a 0.47% expense ratio, which is higher than IPRP.L's 0.40% expense ratio.

Dividends

MOAT vs. IPRP.L - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.38%, less than IPRP.L's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPRP.L iShares European Property Yield UCITS ETF	2.89%	2.83%	2.79%	2.62%	4.20%	2.11%	2.68%	3.07%	3.24%	2.81%	2.49%	2.59%
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

Can I hold both MOAT and IPRP.L in my portfolio?

MOAT and IPRP.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MOAT or IPRP.L?

On fees, IPRP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MOAT or IPRP.L?

IPRP.L is cheaper with a 0.40% expense ratio, compared with 0.47% for MOAT.

What is the main difference between MOAT and IPRP.L?

MOAT is categorized as Large Cap Blend Equities, while IPRP.L is REIT. MOAT tracks Morningstar Wide Moat Focus Index, while IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.47% for MOAT and 0.40% for IPRP.L.