MWMIX vs. MOAT
Compare and contrast key facts about VanEck Morningstar Wide Moat Fund (MWMIX) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
MWMIX is managed by VanEck. It was launched on Nov 6, 2017. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWMIX or MOAT.
Key characteristics
| MWMIX | MOAT | |
|---|---|---|
| YTD Return | 14.01% | 14.09% |
| 1Y Return | 30.23% | 30.47% |
| 3Y Return (Ann) | 8.60% | 8.63% |
| 5Y Return (Ann) | 13.78% | 13.92% |
| Sharpe Ratio | 2.49 | 2.51 |
| Sortino Ratio | 3.44 | 3.47 |
| Omega Ratio | 1.45 | 1.45 |
| Calmar Ratio | 2.66 | 2.67 |
| Martin Ratio | 13.24 | 13.44 |
| Ulcer Index | 2.26% | 2.25% |
| Daily Std Dev | 12.02% | 12.06% |
| Max Drawdown | -33.03% | -33.31% |
| Current Drawdown | -0.78% | -0.82% |
Correlation
The correlation between MWMIX and MOAT is 0.99, 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.
Performance
MWMIX vs. MOAT - Performance Comparison
The year-to-date returns for both investments are quite close, with MWMIX having a 14.01% return and MOAT slightly higher at 14.09%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MWMIX vs. MOAT - Expense Ratio Comparison
MWMIX has a 0.59% expense ratio, which is higher than MOAT's 0.48% expense ratio.
Risk-Adjusted Performance
MWMIX vs. MOAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and VanEck Vectors 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.
Dividends
MWMIX vs. MOAT - Dividend Comparison
MWMIX's dividend yield for the trailing twelve months is around 0.67%, less than MOAT's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | 0.67% | 0.77% | 1.15% | 1.13% | 1.55% | 1.57% | 2.01% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 0.75% | 0.86% | 1.25% | 1.08% | 1.45% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% | 1.34% | 0.79% |
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. For additional features, visit the drawdowns tool.
Volatility
MWMIX vs. MOAT - Volatility Comparison
VanEck Morningstar Wide Moat Fund (MWMIX) and VanEck Vectors Morningstar Wide Moat ETF (MOAT) have volatilities of 2.65% and 2.69%, 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.