MOAT vs. SMOT
MOAT (VanEck Morningstar Wide Moat ETF) and SMOT (VanEck Morningstar SMID Moat ETF) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while SMOT is a Mid Cap Blend Equities fund tracking the Morningstar US Small-Mid Cap Moat Focus. Both are passively managed. Over the past 3 years, MOAT returned 12.01%/yr vs 11.06%/yr for SMOT. Their correlation of 0.90 means they have usually moved in the same direction. MOAT charges 0.47%/yr vs 0.49%/yr for SMOT.
Performance
MOAT vs. SMOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MOAT achieves a 5.78% return, which is significantly lower than SMOT's 10.51% return.
MOAT
- 1D
- 1.36%
- 1M
- 3.07%
- 6M
- 4.21%
- YTD
- 5.78%
- 1Y
- 15.84%
- 3Y*
- 12.01%
- 5Y*
- 9.07%
- 10Y*
- 13.61%
- ALL TIME*
- 13.91%
SMOT
- 1D
- 1.18%
- 1M
- 1.25%
- 6M
- 8.25%
- YTD
- 10.51%
- 1Y
- 15.93%
- 3Y*
- 11.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $67.13M | $66.89M | $81.17M | |
| $1.13M | $990.83K | $960.21K |
MOAT vs. SMOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | 5.78% | 13.20% | 10.73% | 31.89% | 2.73% |
SMOT VanEck Morningstar SMID Moat ETF | 10.51% | 6.46% | 10.71% | 17.31% | 3.85% |
Correlation
The correlation between MOAT and SMOT is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022 | 0.90 |
The correlation between MOAT and SMOT has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
MOAT vs. SMOT - Sectors Allocation Comparison
Sectors
MOAT
SMOT
Technology
Consumer Defensive
Healthcare
Consumer Cyclical
Industrials
Financial Services
Communication Services
Real Estate
Basic Materials
-
Energy
-
Utilities
-
Technology
MOAT
SMOT
Consumer Defensive
MOAT
SMOT
Healthcare
MOAT
SMOT
Consumer Cyclical
MOAT
SMOT
Industrials
MOAT
SMOT
Financial Services
MOAT
SMOT
Communication Services
MOAT
SMOT
Real Estate
MOAT
SMOT
Basic Materials
MOAT
-
SMOT
Energy
MOAT
-
SMOT
Utilities
MOAT
-
SMOT
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. SMOT — Risk / Return Rank
MOAT
SMOT
MOAT vs. SMOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and VanEck Morningstar SMID Moat ETF (SMOT). 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 | SMOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.80 | -0.52 |
| Martin ratioReturn relative to average drawdown | 3.82 | 5.84 | -2.03 |
Loading charts...
Drawdowns
MOAT vs. SMOT - Drawdown Comparison
The maximum MOAT drawdown since its inception was -33.31%, which is greater than SMOT's maximum drawdown of -23.36%. Use the drawdown chart below to compare losses from any high point for MOAT and SMOT.
Loading charts...
Drawdown Indicators
| MOAT | SMOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -23.36% | -9.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -8.91% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -23.36% | +1.92% |
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 | 0.00% | -1.17% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -4.67% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.73% | +1.43% |
Volatility
MOAT vs. SMOT - Volatility Comparison
VanEck Morningstar Wide Moat ETF (MOAT) and VanEck Morningstar SMID Moat ETF (SMOT) have volatilities of 4.08% and 4.10%, 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.
Loading charts...
Volatility by Period
| MOAT | SMOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 4.10% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 10.25% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 14.24% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 18.31% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 18.31% | +0.32% |
MOAT vs. SMOT - Expense Ratio Comparison
MOAT has a 0.47% expense ratio, which is lower than SMOT's 0.49% expense ratio.
Dividends
MOAT vs. SMOT - Dividend Comparison
MOAT's dividend yield for the trailing twelve months is around 1.28%, more than SMOT's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | 1.28% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
SMOT VanEck Morningstar SMID Moat ETF | 1.24% | 1.37% | 1.18% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MOAT and SMOT have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMOT has higher volatility (4.10%) compared to MOAT (4.08%). In terms of maximum drawdown, MOAT dropped -33.31% vs SMOT's -23.36%.
On 3-year performance, MOAT leads with 12.01% vs 11.06% for SMOT. On fees, MOAT is cheaper at 0.47% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MOAT has performed better with a 12.01% return vs 11.06%. 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 SMOT.
MOAT has the higher dividend yield at 1.28%, compared with 1.24% for SMOT.
MOAT is categorized as Large Cap Blend Equities, while SMOT is Mid Cap Blend Equities. MOAT tracks Morningstar Wide Moat Focus Index, while SMOT tracks Morningstar US Small-Mid Cap Moat Focus. Their fees differ too: 0.47% for MOAT and 0.49% for SMOT.
MOAT currently has the higher Sharpe Ratio (1.14 vs 1.13), 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 SMOT
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