MVAL vs. VOO

Last updated Jun 4, 2026

MVAL (VanEck Morningstar Wide Moat Value ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, MVAL returned 13.96% vs 28.04% for VOO. A 0.60 correlation means they provide meaningful diversification when combined. MVAL charges 0.49%/yr vs 0.03%/yr for VOO.

Performance

MVAL vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Value ETF (MVAL) and Vanguard S&P 500 ETF (VOO). 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 VOO's 10.91% return.

MVAL

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

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

MVAL vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVAL VanEck Morningstar Wide Moat Value ETF	-2.29%	14.17%	6.10%
VOO Vanguard S&P 500 ETF	10.91%	17.82%	13.20%

Correlation

The correlation between MVAL and VOO is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.60

The correlation between MVAL and VOO has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.

Return for Risk

MVAL vs. VOO — 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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Value ETF (MVAL) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.39	-1.36
Sortino ratio: Return per unit of downside risk	1.60	3.25	-1.66
Omega ratio: Gain probability vs. loss probability	1.18	1.43	-0.26
Calmar ratio: Return relative to maximum drawdown	1.15	3.16	-2.01
Martin ratio: Return relative to average drawdown	2.87	14.73	-11.86
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. VOO - Sharpe Ratio Comparison

The current MVAL Sharpe Ratio is 1.02, which is lower than the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of MVAL and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.39	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.89	-0.36

Drawdowns

MVAL vs. VOO - Drawdown Comparison

The maximum MVAL drawdown since its inception was -19.56%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MVAL and VOO.

Drawdown Indicators

	MVAL	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-33.99%	+14.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-8.90%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-10.57%	-0.70%	-9.87%
Average Drawdown Average peak-to-trough decline	-3.78%	-3.69%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	1.91%	+2.97%

Volatility

MVAL vs. VOO - Volatility Comparison

VanEck Morningstar Wide Moat Value ETF (MVAL) has a higher volatility of 3.59% compared to Vanguard S&P 500 ETF (VOO) at 2.84%. This indicates that MVAL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVAL	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	2.84%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	8.90%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	11.80%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	16.81%	-1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.40%	18.01%	-2.61%

MVAL vs. VOO - Expense Ratio Comparison

MVAL has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

MVAL vs. VOO - Dividend Comparison

MVAL's dividend yield for the trailing twelve months is around 1.79%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVAL VanEck Morningstar Wide Moat Value ETF	1.79%	1.75%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both MVAL and VOO in my portfolio?

MVAL and VOO have a correlation of 0.60, 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 VOO?

MVAL has higher volatility (3.59%) compared to VOO (2.84%). In terms of maximum drawdown, MVAL dropped -19.56% vs VOO's -33.99%.

Which ETF is better, MVAL or VOO?

On 1-year performance, VOO leads with 28.04% vs 13.96% for MVAL. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVAL or VOO?

Over the 1-year period, VOO has performed better with a 28.04% 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 VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.49% for MVAL.

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

MVAL has the higher dividend yield at 1.79%, compared with 1.03% for VOO.

What is the main difference between MVAL and VOO?

MVAL is categorized as Large Cap Value Equities, while VOO is S&P 500. MVAL tracks Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while VOO tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.49% for MVAL and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.39 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.