MWMIX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Morningstar Wide Moat Fund (MWMIX) and S&P 500 Index (^GSPC).

MWMIX is managed by VanEck. It was launched on Nov 6, 2017.

Performance

MWMIX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Fund (MWMIX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

MWMIX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MWMIX VanEck Morningstar Wide Moat Fund	-6.65%	13.17%	10.30%	25.20%	-13.46%	24.12%	14.15%	34.85%	-1.49%	-0.52%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	-0.41%

Returns By Period

In the year-to-date period, MWMIX achieves a -6.65% return, which is significantly lower than ^GSPC's -3.95% return.

MWMIX

• 1D: 2.15%
• 1M: -9.19%
• YTD: -6.65%
• 6M: -2.48%
• 1Y: 11.73%
• 3Y*: 8.67%
• 5Y*: 6.82%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

MWMIX vs. ^GSPC — Risk / Return Rank

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

MWMIX

MWMIX Risk / Return Rank: 23
MWMIX Sharpe Ratio Rank: 19
MWMIX Sortino Ratio Rank: 21
MWMIX Omega Ratio Rank: 19
MWMIX Calmar Ratio Rank: 27
MWMIX Martin Ratio Rank: 28

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

MWMIX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and S&P 500 Index (^GSPC). 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.

	MWMIX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.58	0.92	-0.34
Sortino ratio Return per unit of downside risk	0.96	1.41	-0.45
Omega ratio Gain probability vs. loss probability	1.13	1.21	-0.09
Calmar ratio Return relative to maximum drawdown	0.87	1.41	-0.54
Martin ratio Return relative to average drawdown	3.34	6.61	-3.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MWMIX vs. ^GSPC - Sharpe Ratio Comparison

The current MWMIX Sharpe Ratio is 0.58, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of MWMIX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MWMIX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	0.92	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.61	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.46	+0.08

Correlation

The correlation between MWMIX and ^GSPC is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

MWMIX vs. ^GSPC - Drawdown Comparison

The maximum MWMIX drawdown since its inception was -33.03%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MWMIX and ^GSPC.

Drawdown Indicators

	MWMIX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-33.03%	-56.78%	+23.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	-12.14%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-23.90%	-25.43%	+1.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-10.18%	-5.78%	-4.40%
Average Drawdown Average peak-to-trough decline	-4.75%	-10.75%	+6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	2.60%	+0.89%

Volatility

MWMIX vs. ^GSPC - Volatility Comparison

The current volatility for VanEck Morningstar Wide Moat Fund (MWMIX) is 4.83%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that MWMIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MWMIX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	5.37%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	9.55%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	18.33%	+1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	16.90%	+1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	18.05%	+2.55%