MVAL vs. ROE

Last updated Jun 4, 2026

MVAL (VanEck Morningstar Wide Moat Value ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Large Cap Value Equities funds. MVAL is passively managed, while ROE is actively managed. Over the past year, MVAL returned 13.96% vs 37.99% for ROE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

MVAL vs. ROE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Value ETF (MVAL) and Astoria US Equal Weight Quality Kings ETF (ROE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVAL achieves a -2.29% return, which is significantly lower than ROE's 20.98% return.

MVAL

• 1D: -0.54%
• 1M: -0.15%
• YTD: -2.29%
• 6M: -2.26%
• 1Y: 13.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ROE

• 1D: -0.04%
• 1M: 8.10%
• YTD: 20.98%
• 6M: 21.56%
• 1Y: 37.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVAL vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVAL VanEck Morningstar Wide Moat Value ETF	-2.29%	14.17%	6.10%
ROE Astoria US Equal Weight Quality Kings ETF	20.98%	17.20%	5.03%

Correlation

The correlation between MVAL and ROE is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.68

The correlation between MVAL and ROE has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

MVAL vs. ROE — Risk / Return Rank

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

MVAL

MVAL Risk / Return Rank: 26
MVAL Sharpe Ratio Rank: 28
MVAL Sortino Ratio Rank: 30
MVAL Omega Ratio Rank: 26
MVAL Calmar Ratio Rank: 25
MVAL Martin Ratio Rank: 23

ROE

ROE Risk / Return Rank: 83
ROE Sharpe Ratio Rank: 84
ROE Sortino Ratio Rank: 82
ROE Omega Ratio Rank: 80
ROE Calmar Ratio Rank: 83
ROE Martin Ratio Rank: 89

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. ROE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Value ETF (MVAL) and Astoria US Equal Weight Quality Kings ETF (ROE). 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.

	MVAL	ROE	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.74	-1.72
Sortino ratio: Return per unit of downside risk	1.60	3.69	-2.10
Omega ratio: Gain probability vs. loss probability	1.18	1.48	-0.30
Calmar ratio: Return relative to maximum drawdown	1.15	4.41	-3.26
Martin ratio: Return relative to average drawdown	2.87	19.92	-17.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVAL vs. ROE - Sharpe Ratio Comparison

The current MVAL Sharpe Ratio is 1.02, which is lower than the ROE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of MVAL and ROE, 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

	MVAL	ROE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.74	-1.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.39	-0.86

Drawdowns

MVAL vs. ROE - Drawdown Comparison

The maximum MVAL drawdown since its inception was -19.56%, roughly equal to the maximum ROE drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for MVAL and ROE.

Drawdown Indicators

	MVAL	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-19.10%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-8.66%	-3.50%
Current Drawdown Current decline from peak	-10.57%	-0.04%	-10.53%
Average Drawdown Average peak-to-trough decline	-3.78%	-2.59%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	1.91%	+2.97%

Volatility

MVAL vs. ROE - Volatility Comparison

The current volatility for VanEck Morningstar Wide Moat Value ETF (MVAL) is 3.59%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 3.79%. This indicates that MVAL experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVAL	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.79%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	10.66%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	13.94%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	15.78%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.40%	15.78%	-0.38%

MVAL vs. ROE - Expense Ratio Comparison

Both MVAL and ROE have an expense ratio of 0.49%.

Dividends

MVAL vs. ROE - Dividend Comparison

MVAL's dividend yield for the trailing twelve months is around 1.79%, more than ROE's 0.94% yield.

Position	TTM	2025	2024	2023
MVAL VanEck Morningstar Wide Moat Value ETF	1.79%	1.75%	0.97%	0.00%
ROE Astoria US Equal Weight Quality Kings ETF	0.94%	0.97%	1.18%	0.68%

Frequently Asked Questions

Can I hold both MVAL and ROE in my portfolio?

MVAL and ROE have a correlation of 0.62, 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 ROE?

ROE has higher volatility (3.79%) compared to MVAL (3.59%). In terms of maximum drawdown, MVAL dropped -19.56% vs ROE's -19.10%.

Which ETF is better, MVAL or ROE?

On 1-year performance, ROE leads with 37.99% vs 13.96% for MVAL. Both ETFs have the same 0.49% expense ratio. On volatility, MVAL has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVAL or ROE?

Over the 1-year period, ROE has performed better with a 37.99% return vs 13.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVAL or ROE?

MVAL and ROE have the same expense ratio: 0.49% per year.

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

MVAL has the higher dividend yield at 1.79%, compared with 0.94% for ROE.

What is the main difference between MVAL and ROE?

They also come from different issuers: VanEck and Astoria.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.74 vs 1.02), 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.