MOAT vs. SPTM

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Vectors Morningstar Wide Moat ETF (MOAT) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM).

MOAT and SPTM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012. SPTM is a passively managed fund by State Street that tracks the performance of the S&P Composite 1500 Index. It was launched on Oct 4, 2000. Both MOAT and SPTM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MOAT vs. SPTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Morningstar Wide Moat ETF (MOAT) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). The values are adjusted to include any dividend payments, if applicable.

MOAT vs. SPTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOAT VanEck Vectors Morningstar Wide Moat ETF	-6.62%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	-3.88%	16.93%	23.87%	25.55%	-17.75%	28.58%	17.94%	31.34%	-5.30%	21.18%

Returns By Period

In the year-to-date period, MOAT achieves a -6.62% return, which is significantly lower than SPTM's -3.88% return. Both investments have delivered pretty close results over the past 10 years, with MOAT having a 13.48% annualized return and SPTM not far ahead at 13.82%.

MOAT

• 1D: 2.13%
• 1M: -9.57%
• YTD: -6.62%
• 6M: -1.11%
• 1Y: 11.38%
• 3Y*: 10.72%
• 5Y*: 7.98%
• 10Y*: 13.48%

SPTM

• 1D: 2.86%
• 1M: -5.00%
• YTD: -3.88%
• 6M: -1.39%
• 1Y: 17.66%
• 3Y*: 17.75%
• 5Y*: 11.28%
• 10Y*: 13.82%

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

MOAT vs. SPTM - Expense Ratio Comparison

MOAT has a 0.48% expense ratio, which is higher than SPTM's 0.03% expense ratio.

MOAT

VanEck Vectors Morningstar Wide Moat ETF

SPTM

SPDR Portfolio S&P 1500 Composite Stock Market ETF

Return for Risk

MOAT vs. SPTM — Risk / Return Rank

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

MOAT

MOAT Risk / Return Rank: 36
MOAT Sharpe Ratio Rank: 33
MOAT Sortino Ratio Rank: 36
MOAT Omega Ratio Rank: 34
MOAT Calmar Ratio Rank: 38
MOAT Martin Ratio Rank: 39

SPTM

SPTM Risk / Return Rank: 64
SPTM Sharpe Ratio Rank: 58
SPTM Sortino Ratio Rank: 61
SPTM Omega Ratio Rank: 64
SPTM Calmar Ratio Rank: 64
SPTM Martin Ratio Rank: 74

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. SPTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Morningstar Wide Moat ETF (MOAT) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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	SPTM	Difference
Sharpe ratio Return per unit of total volatility	0.58	0.97	-0.39
Sortino ratio Return per unit of downside risk	0.97	1.48	-0.51
Omega ratio Gain probability vs. loss probability	1.13	1.22	-0.10
Calmar ratio Return relative to maximum drawdown	0.88	1.51	-0.62
Martin ratio Return relative to average drawdown	3.37	7.28	-3.91
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. SPTM - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 0.58, which is lower than the SPTM Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of MOAT and SPTM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MOAT	SPTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	0.97	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.67	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.77	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.43	+0.32

Correlation

The correlation between MOAT and SPTM is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MOAT vs. SPTM - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.45%, more than SPTM's 1.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Vectors Morningstar Wide Moat ETF	1.45%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.20%	1.13%	1.28%	1.44%	1.69%	1.25%	1.56%	1.72%	1.90%	1.66%	1.91%	1.92%

Drawdowns

MOAT vs. SPTM - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for MOAT and SPTM.

Drawdown Indicators

	MOAT	SPTM	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-54.80%	+21.49%
Max Drawdown (1Y) Largest decline over 1 year	-13.30%	-12.21%	-1.09%
Max Drawdown (5Y) Largest decline over 5 years	-23.96%	-24.14%	+0.18%
Max Drawdown (10Y) Largest decline over 10 years	-33.31%	-34.66%	+1.35%
Current Drawdown Current decline from peak	-10.19%	-6.07%	-4.12%
Average Drawdown Average peak-to-trough decline	-3.79%	-9.10%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	2.53%	+0.96%

Volatility

MOAT vs. SPTM - Volatility Comparison

The current volatility for VanEck Vectors Morningstar Wide Moat ETF (MOAT) is 4.81%, while SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) has a volatility of 5.32%. This indicates that MOAT experiences smaller price fluctuations and is considered to be less risky than SPTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOAT	SPTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	5.32%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	9.52%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	19.76%	18.32%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	16.88%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	18.03%	+0.68%