MOTI vs. SPDW

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Vectors Morningstar International Moat ETF (MOTI) and SPDR Portfolio World ex-US ETF (SPDW).

MOTI and SPDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOTI is a passively managed fund by VanEck that tracks the performance of the Morningstar Global ex-US Moat Focus Index. It was launched on Jul 13, 2015. SPDW is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. BMI Index. It was launched on Apr 26, 2007. Both MOTI and SPDW 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

MOTI vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Morningstar International Moat ETF (MOTI) and SPDR Portfolio World ex-US ETF (SPDW). The values are adjusted to include any dividend payments, if applicable.

MOTI vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOTI VanEck Vectors Morningstar International Moat ETF	-6.89%	25.01%	1.94%	10.18%	-6.93%	0.03%	7.24%	17.63%	-13.92%	34.27%
SPDW SPDR Portfolio World ex-US ETF	2.79%	34.75%	3.55%	17.81%	-15.98%	11.45%	9.90%	22.41%	-14.22%	25.81%

Returns By Period

In the year-to-date period, MOTI achieves a -6.89% return, which is significantly lower than SPDW's 2.79% return. Over the past 10 years, MOTI has underperformed SPDW with an annualized return of 6.19%, while SPDW has yielded a comparatively higher 9.30% annualized return.

MOTI

• 1D: 2.84%
• 1M: -9.91%
• YTD: -6.89%
• 6M: -4.88%
• 1Y: 5.97%
• 3Y*: 5.77%
• 5Y*: 2.64%
• 10Y*: 6.19%

SPDW

• 1D: 3.30%
• 1M: -8.46%
• YTD: 2.79%
• 6M: 8.61%
• 1Y: 29.84%
• 3Y*: 16.03%
• 5Y*: 8.28%
• 10Y*: 9.30%

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

MOTI vs. SPDW - Expense Ratio Comparison

MOTI has a 0.57% expense ratio, which is higher than SPDW's 0.04% expense ratio.

MOTI

VanEck Vectors Morningstar International Moat ETF

SPDW

SPDR Portfolio World ex-US ETF

Return for Risk

MOTI vs. SPDW — Risk / Return Rank

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

MOTI

MOTI Risk / Return Rank: 22
MOTI Sharpe Ratio Rank: 23
MOTI Sortino Ratio Rank: 23
MOTI Omega Ratio Rank: 22
MOTI Calmar Ratio Rank: 20
MOTI Martin Ratio Rank: 22

SPDW

SPDW Risk / Return Rank: 87
SPDW Sharpe Ratio Rank: 86
SPDW Sortino Ratio Rank: 88
SPDW Omega Ratio Rank: 87
SPDW Calmar Ratio Rank: 86
SPDW Martin Ratio Rank: 87

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.

MOTI vs. SPDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Morningstar International Moat ETF (MOTI) and SPDR Portfolio World ex-US ETF (SPDW). 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.

	MOTI	SPDW	Difference
Sharpe ratio Return per unit of total volatility	0.36	1.71	-1.35
Sortino ratio Return per unit of downside risk	0.61	2.34	-1.73
Omega ratio Gain probability vs. loss probability	1.08	1.34	-0.26
Calmar ratio Return relative to maximum drawdown	0.33	2.49	-2.15
Martin ratio Return relative to average drawdown	1.28	9.76	-8.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOTI vs. SPDW - Sharpe Ratio Comparison

The current MOTI Sharpe Ratio is 0.36, which is lower than the SPDW Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of MOTI and SPDW, 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

	MOTI	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	1.71	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.51	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.54	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.21	+0.05

Correlation

The correlation between MOTI and SPDW is 0.81, 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

MOTI vs. SPDW - Dividend Comparison

MOTI's dividend yield for the trailing twelve months is around 3.46%, more than SPDW's 3.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOTI VanEck Vectors Morningstar International Moat ETF	3.46%	3.22%	4.79%	2.34%	3.27%	4.67%	2.14%	3.90%	3.73%	8.87%	1.33%	0.84%
SPDW SPDR Portfolio World ex-US ETF	3.21%	3.30%	3.19%	2.75%	3.12%	3.04%	1.87%	3.13%	3.08%	1.86%	3.11%	2.78%

Drawdowns

MOTI vs. SPDW - Drawdown Comparison

The maximum MOTI drawdown since its inception was -36.70%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for MOTI and SPDW.

Drawdown Indicators

	MOTI	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-36.70%	-60.02%	+23.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.45%	-11.55%	-3.90%
Max Drawdown (5Y) Largest decline over 5 years	-31.14%	-30.21%	-0.93%
Max Drawdown (10Y) Largest decline over 10 years	-36.70%	-34.98%	-1.72%
Current Drawdown Current decline from peak	-12.34%	-8.63%	-3.71%
Average Drawdown Average peak-to-trough decline	-9.12%	-13.01%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	2.94%	+1.10%

Volatility

MOTI vs. SPDW - Volatility Comparison

The current volatility for VanEck Vectors Morningstar International Moat ETF (MOTI) is 6.36%, while SPDR Portfolio World ex-US ETF (SPDW) has a volatility of 8.31%. This indicates that MOTI experiences smaller price fluctuations and is considered to be less risky than SPDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOTI	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	8.31%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	11.51%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.72%	17.57%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	16.26%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	17.15%	+0.97%