MOAT vs. SPY
Compare and contrast key facts about VanEck Vectors Morningstar Wide Moat ETF (MOAT) and SPDR S&P 500 ETF (SPY).
MOAT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both MOAT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOAT or SPY.
Performance
MOAT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, MOAT achieves a 13.50% return, which is significantly lower than SPY's 26.08% return. Both investments have delivered pretty close results over the past 10 years, with MOAT having a 13.09% annualized return and SPY not far ahead at 13.10%.
MOAT
13.50%
-0.40%
9.72%
24.43%
13.70%
13.09%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| MOAT | SPY | |
|---|---|---|
| Sharpe Ratio | 2.12 | 2.70 |
| Sortino Ratio | 2.88 | 3.60 |
| Omega Ratio | 1.37 | 1.50 |
| Calmar Ratio | 3.80 | 3.90 |
| Martin Ratio | 10.96 | 17.52 |
| Ulcer Index | 2.29% | 1.87% |
| Daily Std Dev | 11.85% | 12.14% |
| Max Drawdown | -33.31% | -55.19% |
| Current Drawdown | -1.69% | -0.85% |
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MOAT vs. SPY - Expense Ratio Comparison
MOAT has a 0.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between MOAT and SPY is 0.89, 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.
Risk-Adjusted Performance
MOAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Morningstar Wide Moat ETF (MOAT) and SPDR S&P 500 ETF (SPY). 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.
Dividends
MOAT vs. SPY - Dividend Comparison
MOAT's dividend yield for the trailing twelve months is around 0.76%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOAT VanEck Vectors Morningstar Wide Moat ETF | 0.76% | 0.86% | 1.25% | 1.08% | 1.45% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% | 1.34% | 0.79% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MOAT vs. SPY - Drawdown Comparison
The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MOAT and SPY. For additional features, visit the drawdowns tool.
Volatility
MOAT vs. SPY - Volatility Comparison
The current volatility for VanEck Vectors Morningstar Wide Moat ETF (MOAT) is 3.46%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that MOAT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.