MWMIX vs. MOAT
MWMIX (VanEck Morningstar Wide Moat Fund) and MOAT (VanEck Morningstar Wide Moat ETF) are both Large Cap Blend Equities funds from VanEck. Over the past 5 years, MWMIX returned 6.62%/yr vs 7.68%/yr for MOAT. With a 0.99 correlation, they move nearly in lockstep. MWMIX charges 0.59%/yr vs 0.47%/yr for MOAT.
Performance
MWMIX vs. MOAT - Performance Comparison
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Returns By Period
In the year-to-date period, MWMIX achieves a -2.55% return, which is significantly lower than MOAT's -2.39% return.
MWMIX
- 1D
- -1.09%
- 1M
- -1.21%
- YTD
- -2.55%
- 6M
- -3.14%
- 1Y
- 11.87%
- 3Y*
- 8.29%
- 5Y*
- 6.62%
- 10Y*
- —
MOAT
- 1D
- 0.09%
- 1M
- -1.13%
- YTD
- -2.39%
- 6M
- -2.98%
- 1Y
- 12.04%
- 3Y*
- 10.36%
- 5Y*
- 7.68%
- 10Y*
- 13.64%
MWMIX vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | -2.55% | 13.17% | 10.30% | 25.20% | -13.46% | 24.12% | 14.15% | 34.85% | -1.49% | -0.52% |
MOAT VanEck Morningstar Wide Moat ETF | -2.39% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | -0.42% |
Correlation
The correlation between MWMIX and MOAT is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2017 | 0.99 |
The correlation between MWMIX and MOAT has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
MWMIX vs. MOAT — Risk / Return Rank
MWMIX
MOAT
MWMIX vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) 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.
| MWMIX | MOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.97 | +0.06 |
| Martin ratioReturn relative to average drawdown | 3.12 | 2.92 | +0.19 |
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Drawdowns
MWMIX vs. MOAT - Drawdown Comparison
The maximum MWMIX drawdown since its inception was -33.03%, roughly equal to the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for MWMIX and MOAT.
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Drawdown Indicators
| MWMIX | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.03% | -33.31% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -12.43% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -21.44% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.90% | -23.96% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -6.23% | -6.12% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -3.83% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 4.13% | -0.02% |
Volatility
MWMIX vs. MOAT - Volatility Comparison
VanEck Morningstar Wide Moat Fund (MWMIX) and VanEck Morningstar Wide Moat ETF (MOAT) have volatilities of 4.68% and 4.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWMIX | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 4.72% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 10.23% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 13.99% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 18.24% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 18.65% | +1.80% |
MWMIX vs. MOAT - Expense Ratio Comparison
MWMIX has a 0.59% expense ratio, which is higher than MOAT's 0.47% expense ratio.
Dividends
MWMIX vs. MOAT - Dividend Comparison
MWMIX's dividend yield for the trailing twelve months is around 12.79%, more than MOAT's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | 1.39% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
MWMIX VanEck Morningstar Wide Moat Fund | 12.79% | 12.47% | 10.34% | 0.77% | 11.44% | 13.44% | 8.22% | 10.84% | 9.48% | 0.26% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, MWMIX and MOAT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MOAT has higher volatility (4.72%) compared to MWMIX (4.68%). In terms of maximum drawdown, MWMIX dropped -33.03% vs MOAT's -33.31%.
MWMIX currently has the higher Sharpe Ratio (0.92 vs 0.87), 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.
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