MTN vs. MOAT

Last updated Jun 24, 2026

MTN (Vail Resorts, Inc.) is a stock, while MOAT (VanEck Morningstar Wide Moat ETF) is Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Over the past 10 years, MTN returned 3.53%/yr vs 13.64%/yr for MOAT. At a 0.47 correlation, their price movements are largely independent.

Performance

MTN vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vail Resorts, Inc. (MTN) and VanEck Morningstar Wide Moat ETF (MOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTN achieves a 9.05% return, which is significantly higher than MOAT's -2.39% return. Over the past 10 years, MTN has underperformed MOAT with an annualized return of 3.53%, while MOAT has yielded a comparatively higher 13.64% annualized return.

MTN

• 1D: 0.51%
• 1M: 11.57%
• YTD: 9.05%
• 6M: 3.33%
• 1Y: -4.38%
• 3Y*: -12.10%
• 5Y*: -11.79%
• 10Y*: 3.53%

MOAT

• 1D: 0.09%
• 1M: -1.13%
• YTD: -2.39%
• 6M: -2.98%
• 1Y: 12.04%
• 3Y*: 10.36%
• 5Y*: 7.68%
• 10Y*: 13.64%

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

MTN vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTN Vail Resorts, Inc.	9.05%	-24.88%	-7.96%	-7.06%	-24.89%	18.15%	17.77%	17.34%	1.74%	34.43%
MOAT VanEck Morningstar Wide Moat ETF	-2.39%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%

Correlation

The correlation between MTN and MOAT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 25, 2012	0.47

The correlation between MTN and MOAT shifts across timeframes, from 0.42 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MTN vs. MOAT — Risk / Return Rank

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

MTN

MTN Risk / Return Rank: 36
MTN Sharpe Ratio Rank: 37
MTN Sortino Ratio Rank: 34
MTN Omega Ratio Rank: 33
MTN Calmar Ratio Rank: 37
MTN Martin Ratio Rank: 37

MOAT

MOAT Risk / Return Rank: 23
MOAT Sharpe Ratio Rank: 25
MOAT Sortino Ratio Rank: 24
MOAT Omega Ratio Rank: 22
MOAT Calmar Ratio Rank: 22
MOAT Martin Ratio Rank: 24

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.

MTN vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vail Resorts, Inc. (MTN) and VanEck Morningstar Wide Moat ETF (MOAT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MTN	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	0.87	-0.99
Sortino ratio: Return per unit of downside risk	0.08	1.32	-1.24
Omega ratio: Gain probability vs. loss probability	1.01	1.15	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.17	0.97	-1.14
Martin ratio: Return relative to average drawdown	-0.29	2.92	-3.21

MTN vs. MOAT - Sharpe Ratio Comparison

The current MTN Sharpe Ratio is -0.12, which is lower than the MOAT Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of MTN and MOAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MTN vs. MOAT - Drawdown Comparison

The maximum MTN drawdown since its inception was -77.54%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for MTN and MOAT.

Drawdown Indicators

	MTN	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-77.54%	-33.31%	-44.23%
Max Drawdown (1Y) Largest decline over 1 year	-26.40%	-12.43%	-13.97%
Max Drawdown (3Y) Largest decline over 3 years	-45.73%	-21.44%	-24.29%
Max Drawdown (5Y) Largest decline over 5 years	-61.17%	-23.96%	-37.21%
Max Drawdown (10Y) Largest decline over 10 years	-61.17%	-33.31%	-27.86%
Current Drawdown Current decline from peak	-53.55%	-6.12%	-47.43%
Average Drawdown Average peak-to-trough decline	-26.20%	-3.83%	-22.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.07%	4.13%	+10.94%

Volatility

MTN vs. MOAT - Volatility Comparison

Vail Resorts, Inc. (MTN) has a higher volatility of 14.71% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.72%. This indicates that MTN's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTN	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.71%	4.72%	+9.99%
Volatility (6M) Calculated over the trailing 6-month period	27.60%	10.23%	+17.37%
Volatility (1Y) Calculated over the trailing 1-year period	36.00%	13.99%	+22.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.30%	18.24%	+14.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.56%	18.65%	+13.91%

Dividends

MTN vs. MOAT - Dividend Comparison

MTN's dividend yield for the trailing twelve months is around 6.24%, more than MOAT's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Morningstar Wide Moat ETF	1.39%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
MTN Vail Resorts, Inc.	6.24%	6.69%	4.74%	3.86%	3.21%	0.54%	0.63%	2.94%	2.79%	1.98%	2.01%	1.95%

Frequently Asked Questions

Can I hold both MTN and MOAT in my portfolio?

MTN and MOAT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTN or MOAT?

MTN has higher volatility (14.71%) compared to MOAT (4.72%). In terms of maximum drawdown, MTN dropped -77.54% vs MOAT's -33.31%.

Which has better risk-adjusted returns?

MOAT currently has the higher Sharpe Ratio (0.87 vs -0.12), 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.