MVAL vs. KWIN

Last updated Jul 15, 2026

MVAL (VanEck Morningstar Wide Moat Value ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - MVAL tracks the Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. At a 0.14 correlation, their price movements are largely independent. MVAL charges 0.49%/yr vs 0.51%/yr for KWIN.

Performance

MVAL vs. KWIN - Performance Comparison

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

Returns By Period

In the year-to-date period, MVAL achieves a 2.01% return, which is significantly higher than KWIN's 1.72% return.

MVAL

• 1D: -1.08%
• 1M: 1.21%
• 6M: -2.46%
• YTD: 2.01%
• 1Y: 12.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.13%
• 1M: 0.25%
• 6M: 1.37%
• YTD: 1.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVAL vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
MVAL VanEck Morningstar Wide Moat Value ETF	2.01%	5.61%
KWIN KraneShares Wahed Alternative Income Index ETF	1.72%	0.61%

Correlation

The correlation between MVAL and KWIN is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.14

Return for Risk

MVAL vs. KWIN — Risk / Return Rank

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

MVAL

MVAL Risk / Return Rank: 27
MVAL Sharpe Ratio Rank: 30
MVAL Sortino Ratio Rank: 31
MVAL Omega Ratio Rank: 26
MVAL Calmar Ratio Rank: 25
MVAL Martin Ratio Rank: 22

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Value ETF (MVAL) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.39	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.02	—	—
Martin ratio: Return relative to average drawdown	2.25	—	—

Drawdowns

MVAL vs. KWIN - Drawdown Comparison

The maximum MVAL drawdown since its inception was -19.56%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for MVAL and KWIN.

Drawdown Indicators

	MVAL	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-1.50%	-18.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	—	—
Current Drawdown Current decline from peak	-6.64%	-1.32%	-5.32%
Average Drawdown Average peak-to-trough decline	-3.96%	-0.26%	-3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	—	—

Volatility

Volatility by Period

	MVAL	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	4.15%	+9.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	4.15%	+11.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.40%	4.15%	+11.25%

MVAL vs. KWIN - Expense Ratio Comparison

MVAL has a 0.49% expense ratio, which is lower than KWIN's 0.51% expense ratio.

Dividends

MVAL vs. KWIN - Dividend Comparison

MVAL's dividend yield for the trailing twelve months is around 1.71%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%
MVAL VanEck Morningstar Wide Moat Value ETF	1.71%	1.75%	0.97%

Frequently Asked Questions

Can I hold both MVAL and KWIN in my portfolio?

MVAL and KWIN have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVAL or KWIN?

On fees, MVAL is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVAL or KWIN?

MVAL is cheaper with a 0.49% expense ratio, compared with 0.51% for KWIN.

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

MVAL has the higher dividend yield at 1.71%, compared with 0.00% for KWIN.

What is the main difference between MVAL and KWIN?

MVAL tracks Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: VanEck and KraneShares. Their fees differ too: 0.49% for MVAL and 0.51% for KWIN.