MVAL vs. MOAT

Last updated Jun 25, 2026

MVAL (VanEck Morningstar Wide Moat Value ETF) and MOAT (VanEck Morningstar Wide Moat 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 MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past year, MVAL returned 15.88% vs 11.95% for MOAT. Their correlation of 0.91 suggests significant overlap in exposure. MVAL charges 0.49%/yr vs 0.47%/yr for MOAT.

Performance

MVAL vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Value ETF (MVAL) 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, MVAL achieves a 0.54% return, which is significantly higher than MOAT's -1.37% return.

MVAL

• 1D: 1.42%
• 1M: 1.45%
• YTD: 0.54%
• 6M: -0.33%
• 1Y: 15.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MOAT

• 1D: 1.05%
• 1M: -0.10%
• YTD: -1.37%
• 6M: -2.45%
• 1Y: 11.95%
• 3Y*: 10.75%
• 5Y*: 7.84%
• 10Y*: 13.76%

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

MVAL vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVAL VanEck Morningstar Wide Moat Value ETF	0.54%	14.17%	6.27%
MOAT VanEck Morningstar Wide Moat ETF	-1.37%	13.20%	5.09%

Correlation

The correlation between MVAL and MOAT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024	0.91

The correlation between MVAL and MOAT has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

MVAL vs. MOAT — Risk / Return Rank

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

MVAL

MVAL Risk / Return Rank: 32
MVAL Sharpe Ratio Rank: 35
MVAL Sortino Ratio Rank: 38
MVAL Omega Ratio Rank: 32
MVAL Calmar Ratio Rank: 29
MVAL Martin Ratio Rank: 25

MOAT

MOAT Risk / Return Rank: 24
MOAT Sharpe Ratio Rank: 26
MOAT Sortino Ratio Rank: 25
MOAT Omega Ratio Rank: 23
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.

MVAL vs. MOAT - Risk-Adjusted Trends Comparison

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

	MVAL	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.15	0.86	+0.29
Sortino ratio: Return per unit of downside risk	1.77	1.31	+0.45
Omega ratio: Gain probability vs. loss probability	1.20	1.15	+0.05
Calmar ratio: Return relative to maximum drawdown	1.31	0.97	+0.35
Martin ratio: Return relative to average drawdown	3.01	2.89	+0.11

MVAL vs. MOAT - Sharpe Ratio Comparison

The current MVAL Sharpe Ratio is 1.15, which is higher than the MOAT Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of MVAL 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

MVAL vs. MOAT - Drawdown Comparison

The maximum MVAL drawdown since its inception was -19.56%, smaller than the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for MVAL and MOAT.

Drawdown Indicators

	MVAL	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-33.31%	+13.75%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-12.43%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.31%	—
Current Drawdown Current decline from peak	-7.98%	-5.14%	-2.84%
Average Drawdown Average peak-to-trough decline	-3.90%	-3.83%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.29%	4.14%	+1.15%

Volatility

MVAL vs. MOAT - Volatility Comparison

The current volatility for VanEck Morningstar Wide Moat Value ETF (MVAL) is 4.22%, while VanEck Morningstar Wide Moat ETF (MOAT) has a volatility of 4.73%. This indicates that MVAL experiences smaller price fluctuations and is considered to be less risky than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVAL	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.73%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	9.96%	10.28%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	14.00%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	18.24%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	18.65%	-3.24%

MVAL vs. MOAT - Expense Ratio Comparison

MVAL has a 0.49% expense ratio, which is higher than MOAT's 0.47% expense ratio.

Dividends

MVAL vs. MOAT - Dividend Comparison

MVAL's dividend yield for the trailing twelve months is around 1.74%, more than MOAT's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Morningstar Wide Moat ETF	1.37%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
MVAL VanEck Morningstar Wide Moat Value ETF	1.74%	1.75%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVAL and MOAT in my portfolio?

MVAL and MOAT have a correlation of 0.89, 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 MOAT?

MOAT has higher volatility (4.73%) compared to MVAL (4.22%). In terms of maximum drawdown, MVAL dropped -19.56% vs MOAT's -33.31%.

Which ETF is better, MVAL or MOAT?

On 1-year performance, MVAL leads with 15.88% vs 11.95% for MOAT. On fees, MOAT is cheaper at 0.47% per year. On volatility, MVAL has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVAL or MOAT?

Over the 1-year period, MVAL has performed better with a 15.88% return vs 11.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVAL or MOAT?

MOAT is cheaper with a 0.47% expense ratio, compared with 0.49% for MVAL.

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

MVAL has the higher dividend yield at 1.74%, compared with 1.37% for MOAT.

What is the main difference between MVAL and MOAT?

MVAL is categorized as Large Cap Value Equities, while MOAT is Large Cap Blend Equities. MVAL tracks Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.49% for MVAL and 0.47% for MOAT.

Which has better risk-adjusted returns?

MVAL currently has the higher Sharpe Ratio (1.15 vs 0.86), 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.