MOAT vs. VGLT

Last updated Jun 9, 2026

MOAT (VanEck Morningstar Wide Moat ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both exchange-traded funds - MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index, while VGLT is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 10 years, MOAT returned 13.45%/yr vs -1.28%/yr for VGLT. At a correlation of -0.16, they often move in opposite directions. MOAT charges 0.47%/yr vs 0.03%/yr for VGLT.

Performance

MOAT vs. VGLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat ETF (MOAT) and Vanguard Long-Term Treasury ETF (VGLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOAT achieves a -1.74% return, which is significantly lower than VGLT's -1.16% return. Over the past 10 years, MOAT has outperformed VGLT with an annualized return of 13.45%, while VGLT has yielded a comparatively lower -1.28% annualized return.

MOAT

• 1D: -0.28%
• 1M: 0.23%
• YTD: -1.74%
• 6M: -1.13%
• 1Y: 13.15%
• 3Y*: 10.81%
• 5Y*: 7.70%
• 10Y*: 13.45%

VGLT

• 1D: -0.40%
• 1M: -1.25%
• YTD: -1.16%
• 6M: -1.18%
• 1Y: 4.15%
• 3Y*: -0.94%
• 5Y*: -5.66%
• 10Y*: -1.28%

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

MOAT vs. VGLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOAT VanEck Morningstar Wide Moat ETF	-1.74%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%
VGLT Vanguard Long-Term Treasury ETF	-1.16%	5.35%	-6.28%	3.27%	-29.34%	-4.98%	17.57%	14.30%	-1.54%	8.64%

Correlation

The correlation between MOAT and VGLT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Apr 25, 2012	-0.16

The correlation between MOAT and VGLT shifts across timeframes, from -0.16 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MOAT vs. VGLT — Risk / Return Rank

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

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 29
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 26

VGLT

VGLT Risk / Return Rank: 17
VGLT Sharpe Ratio Rank: 17
VGLT Sortino Ratio Rank: 17
VGLT Omega Ratio Rank: 16
VGLT Calmar Ratio Rank: 17
VGLT Martin Ratio Rank: 17

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. VGLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat ETF (MOAT) and Vanguard Long-Term Treasury ETF (VGLT). 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	VGLT	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.48	+0.47
Sortino ratio: Return per unit of downside risk	1.45	0.75	+0.70
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.08
Calmar ratio: Return relative to maximum drawdown	1.06	0.60	+0.47
Martin ratio: Return relative to average drawdown	3.29	1.53	+1.76
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. VGLT - Sharpe Ratio Comparison

The current MOAT Sharpe Ratio is 0.95, which is higher than the VGLT Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of MOAT and VGLT, 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	VGLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	0.48	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	-0.39	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	-0.09	+0.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.18	+0.58

Drawdowns

MOAT vs. VGLT - Drawdown Comparison

The maximum MOAT drawdown since its inception was -33.31%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for MOAT and VGLT.

Drawdown Indicators

	MOAT	VGLT	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-46.18%	+12.87%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-7.01%	-5.42%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	-17.68%	-3.76%
Max Drawdown (5Y) Largest decline over 5 years	-23.96%	-40.98%	+17.02%
Max Drawdown (10Y) Largest decline over 10 years	-33.31%	-46.18%	+12.87%
Current Drawdown Current decline from peak	-5.49%	-37.30%	+31.81%
Average Drawdown Average peak-to-trough decline	-3.83%	-15.08%	+11.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	2.72%	+1.29%

Volatility

MOAT vs. VGLT - Volatility Comparison

VanEck Morningstar Wide Moat ETF (MOAT) has a higher volatility of 4.01% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.50%. This indicates that MOAT's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOAT	VGLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	2.50%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	5.96%	+3.94%
Volatility (1Y) Calculated over the trailing 1-year period	13.90%	8.71%	+5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	14.57%	+3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	13.82%	+4.87%

MOAT vs. VGLT - Expense Ratio Comparison

MOAT has a 0.47% expense ratio, which is higher than VGLT's 0.03% expense ratio.

Dividends

MOAT vs. VGLT - Dividend Comparison

MOAT's dividend yield for the trailing twelve months is around 1.38%, less than VGLT's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VGLT Vanguard Long-Term Treasury ETF	4.64%	4.44%	4.33%	3.33%	2.84%	1.82%	2.15%	2.46%	2.71%	2.55%	2.69%	3.21%

Frequently Asked Questions

Can I hold both MOAT and VGLT in my portfolio?

MOAT and VGLT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOAT or VGLT?

MOAT has higher volatility (4.01%) compared to VGLT (2.50%). In terms of maximum drawdown, MOAT dropped -33.31% vs VGLT's -46.18%.

Which ETF is better, MOAT or VGLT?

On 10-year performance, MOAT leads with 13.45% vs -1.28% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, VGLT has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOAT or VGLT?

Over the 10-year period, MOAT has performed better with a 13.45% return vs -1.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOAT or VGLT?

VGLT is cheaper with a 0.03% expense ratio, compared with 0.47% for MOAT.

Which ETF pays a higher dividend yield, MOAT or VGLT?

VGLT has the higher dividend yield at 4.64%, compared with 1.38% for MOAT.

What is the main difference between MOAT and VGLT?

MOAT is categorized as Large Cap Blend Equities, while VGLT is Government Bonds. MOAT tracks Morningstar Wide Moat Focus Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.47% for MOAT and 0.03% for VGLT.

Which has better risk-adjusted returns?

MOAT currently has the higher Sharpe Ratio (0.95 vs 0.48), 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.