MVAL vs. BENJ

Last updated Jun 24, 2026

MVAL (VanEck Morningstar Wide Moat Value ETF) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - MVAL is a Large Cap Value Equities fund tracking the Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while BENJ is a Ultrashort Bond fund actively managed by Horizon. MVAL is passively managed, while BENJ is actively managed. Over the past year, MVAL returned 15.04% vs 3.79% for BENJ. At a correlation of -0.07, they often move in opposite directions. MVAL charges 0.49%/yr vs 0.40%/yr for BENJ.

Performance

MVAL vs. BENJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Value ETF (MVAL) and Horizon Landmark ETF (BENJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVAL achieves a -0.87% return, which is significantly lower than BENJ's 1.64% return.

MVAL

• 1D: 0.42%
• 1M: 0.03%
• YTD: -0.87%
• 6M: -1.04%
• 1Y: 15.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BENJ

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVAL vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
MVAL VanEck Morningstar Wide Moat Value ETF	-0.87%	12.51%
BENJ Horizon Landmark ETF	1.64%	3.72%

Correlation

The correlation between MVAL and BENJ is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	-0.07

Return for Risk

MVAL vs. BENJ — Risk / Return Rank

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

MVAL

MVAL Risk / Return Rank: 29
MVAL Sharpe Ratio Rank: 33
MVAL Sortino Ratio Rank: 34
MVAL Omega Ratio Rank: 29
MVAL Calmar Ratio Rank: 27
MVAL Martin Ratio Rank: 24

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 97
BENJ Martin Ratio Rank: 98

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.

MVAL vs. BENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Value ETF (MVAL) and Horizon Landmark ETF (BENJ). 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.

	MVAL	BENJ	Difference
Sharpe ratio: Return per unit of total volatility	1.09	5.65	-4.56
Sortino ratio: Return per unit of downside risk	1.69	9.14	-7.46
Omega ratio: Gain probability vs. loss probability	1.19	4.85	-3.66
Calmar ratio: Return relative to maximum drawdown	1.24	9.74	-8.50
Martin ratio: Return relative to average drawdown	2.86	45.97	-43.11

MVAL vs. BENJ - Sharpe Ratio Comparison

The current MVAL Sharpe Ratio is 1.09, which is lower than the BENJ Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of MVAL and BENJ, 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

MVAL vs. BENJ - Drawdown Comparison

The maximum MVAL drawdown since its inception was -19.56%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for MVAL and BENJ.

Drawdown Indicators

	MVAL	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-0.39%	-19.17%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-0.39%	-11.77%
Current Drawdown Current decline from peak	-9.27%	0.00%	-9.27%
Average Drawdown Average peak-to-trough decline	-3.89%	-0.02%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	0.08%	+5.19%

Volatility

MVAL vs. BENJ - Volatility Comparison

VanEck Morningstar Wide Moat Value ETF (MVAL) has a higher volatility of 4.17% compared to Horizon Landmark ETF (BENJ) at 0.11%. This indicates that MVAL's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVAL	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	0.11%	+4.06%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	0.25%	+9.61%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	0.67%	+13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	0.60%	+14.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	0.60%	+14.79%

MVAL vs. BENJ - Expense Ratio Comparison

MVAL has a 0.49% expense ratio, which is higher than BENJ's 0.40% expense ratio.

Dividends

MVAL vs. BENJ - Dividend Comparison

MVAL's dividend yield for the trailing twelve months is around 1.76%, while BENJ has not paid dividends to shareholders.

Position	TTM	2025	2024
BENJ Horizon Landmark ETF	0.00%	0.00%	0.00%
MVAL VanEck Morningstar Wide Moat Value ETF	1.76%	1.75%	0.97%

Frequently Asked Questions

Can I hold both MVAL and BENJ in my portfolio?

MVAL and BENJ have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVAL or BENJ?

MVAL has higher volatility (4.17%) compared to BENJ (0.11%). In terms of maximum drawdown, MVAL dropped -19.56% vs BENJ's -0.39%.

Which ETF is better, MVAL or BENJ?

On 1-year performance, MVAL leads with 15.04% vs 3.79% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVAL or BENJ?

Over the 1-year period, MVAL has performed better with a 15.04% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVAL or BENJ?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.49% for MVAL.

Which ETF pays a higher dividend yield, MVAL or BENJ?

MVAL has the higher dividend yield at 1.76%, compared with 0.00% for BENJ.

What is the main difference between MVAL and BENJ?

MVAL is categorized as Large Cap Value Equities, while BENJ is Ultrashort Bond. They also come from different issuers: VanEck and Horizon. Their fees differ too: 0.49% for MVAL and 0.40% for BENJ.

Which has better risk-adjusted returns?

BENJ currently has the higher Sharpe Ratio (5.65 vs 1.09), 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.