MOTI vs. VEU

Last updated Jun 4, 2026

MOTI (VanEck Vectors Morningstar International Moat ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds - MOTI tracks the Morningstar Global ex-US Moat Focus Index while VEU tracks the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, MOTI returned 6.07%/yr vs 9.94%/yr for VEU. Their correlation of 0.83 suggests significant overlap in exposure. MOTI charges 0.57%/yr vs 0.04%/yr for VEU.

Performance

MOTI vs. VEU - Performance Comparison

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

Returns By Period

In the year-to-date period, MOTI achieves a -6.91% return, which is significantly lower than VEU's 14.60% return. Over the past 10 years, MOTI has underperformed VEU with an annualized return of 6.07%, while VEU has yielded a comparatively higher 9.94% annualized return.

MOTI

• 1D: -1.03%
• 1M: -2.16%
• YTD: -6.91%
• 6M: -5.79%
• 1Y: 3.14%
• 3Y*: 6.65%
• 5Y*: 1.78%
• 10Y*: 6.07%

VEU

• 1D: -0.98%
• 1M: 5.07%
• YTD: 14.60%
• 6M: 17.34%
• 1Y: 32.37%
• 3Y*: 19.62%
• 5Y*: 8.67%
• 10Y*: 9.94%

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

MOTI vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOTI VanEck Vectors Morningstar International Moat ETF	-6.91%	25.01%	1.94%	10.18%	-6.93%	0.03%	7.24%	17.63%	-13.92%	34.27%
VEU Vanguard FTSE All-World ex-US ETF	14.60%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between MOTI and VEU is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015	0.83

The correlation between MOTI and VEU has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.

MOTI vs. VEU - Sectors Allocation Comparison

Sectors	MOTI	VEU
Consumer Defensive	23.4%	5.1%
Industrials	22.2%	15.7%
Healthcare	15.1%	7.1%
Technology	10.5%	18.5%
Consumer Cyclical	10.3%	8.2%
Communication Services	9.3%	4.6%
Basic Materials	5.8%	7.1%
Financial Services	3.2%	23.3%
Energy	-	5.2%
Real Estate	-	2.0%
Utilities	-	3.2%

Return for Risk

MOTI vs. VEU — Risk / Return Rank

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

MOTI

MOTI Risk / Return Rank: 11
MOTI Sharpe Ratio Rank: 12
MOTI Sortino Ratio Rank: 11
MOTI Omega Ratio Rank: 11
MOTI Calmar Ratio Rank: 11
MOTI Martin Ratio Rank: 11

VEU

VEU Risk / Return Rank: 60
VEU Sharpe Ratio Rank: 62
VEU Sortino Ratio Rank: 61
VEU Omega Ratio Rank: 62
VEU Calmar Ratio Rank: 56
VEU Martin Ratio Rank: 61

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. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Morningstar International Moat ETF (MOTI) and Vanguard FTSE All-World ex-US ETF (VEU). 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	VEU	Difference
Sharpe ratio: Return per unit of total volatility	0.22	2.13	-1.91
Sortino ratio: Return per unit of downside risk	0.41	2.94	-2.53
Omega ratio: Gain probability vs. loss probability	1.05	1.39	-0.34
Calmar ratio: Return relative to maximum drawdown	0.20	2.85	-2.64
Martin ratio: Return relative to average drawdown	0.55	11.06	-10.51
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. VEU - Sharpe Ratio Comparison

The current MOTI Sharpe Ratio is 0.22, which is lower than the VEU Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of MOTI and VEU, 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

	MOTI	VEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	2.13	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.54	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.58	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.25	0.00

Drawdowns

MOTI vs. VEU - Drawdown Comparison

The maximum MOTI drawdown since its inception was -36.70%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for MOTI and VEU.

Drawdown Indicators

	MOTI	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-36.70%	-61.52%	+24.82%
Max Drawdown (1Y) Largest decline over 1 year	-15.45%	-11.43%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-13.69%	-2.66%
Max Drawdown (5Y) Largest decline over 5 years	-31.14%	-29.31%	-1.83%
Max Drawdown (10Y) Largest decline over 10 years	-36.70%	-34.98%	-1.72%
Current Drawdown Current decline from peak	-12.36%	-0.98%	-11.38%
Average Drawdown Average peak-to-trough decline	-9.13%	-13.13%	+4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	2.93%	+2.77%

Volatility

MOTI vs. VEU - Volatility Comparison

The current volatility for VanEck Vectors Morningstar International Moat ETF (MOTI) is 4.32%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.59%. This indicates that MOTI experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOTI	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	5.59%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	13.04%	-2.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	15.29%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	16.07%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	17.21%	+0.87%

MOTI vs. VEU - Expense Ratio Comparison

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

Dividends

MOTI vs. VEU - Dividend Comparison

MOTI's dividend yield for the trailing twelve months is around 3.46%, more than VEU's 2.61% yield.

Position	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%
VEU Vanguard FTSE All-World ex-US ETF	2.61%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both MOTI and VEU in my portfolio?

MOTI and VEU have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOTI or VEU?

VEU has higher volatility (5.59%) compared to MOTI (4.32%). In terms of maximum drawdown, MOTI dropped -36.70% vs VEU's -61.52%.

Which ETF is better, MOTI or VEU?

On 10-year performance, VEU leads with 9.94% vs 6.07% for MOTI. On fees, VEU is cheaper at 0.04% per year. On volatility, MOTI has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOTI or VEU?

Over the 10-year period, VEU has performed better with a 9.94% return vs 6.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOTI or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.57% for MOTI.

Which ETF pays a higher dividend yield, MOTI or VEU?

MOTI has the higher dividend yield at 3.46%, compared with 2.61% for VEU.

What is the main difference between MOTI and VEU?

MOTI tracks Morningstar Global ex-US Moat Focus Index, while VEU tracks FTSE All-World ex US Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.57% for MOTI and 0.04% for VEU.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (2.13 vs 0.22), 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.