MWMIX vs. XLK

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Morningstar Wide Moat Fund (MWMIX) and State Street Technology Select Sector SPDR ETF (XLK).

MWMIX is managed by VanEck. It was launched on Nov 6, 2017. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.

Performance

MWMIX vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Wide Moat Fund (MWMIX) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

MWMIX vs. XLK - 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%
XLK State Street Technology Select Sector SPDR ETF	-6.18%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-1.68%	-0.98%

Returns By Period

In the year-to-date period, MWMIX achieves a -6.65% return, which is significantly lower than XLK's -6.18% return.

MWMIX

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

XLK

• 1D: 1.51%
• 1M: -3.20%
• YTD: -6.18%
• 6M: -4.94%
• 1Y: 30.47%
• 3Y*: 22.19%
• 5Y*: 15.65%
• 10Y*: 21.00%

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

MWMIX vs. XLK - Expense Ratio Comparison

MWMIX has a 0.59% expense ratio, which is higher than XLK's 0.08% expense ratio.

MWMIX

VanEck Morningstar Wide Moat Fund

XLK

State Street Technology Select Sector SPDR ETF

Return for Risk

MWMIX vs. XLK — 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

XLK

XLK Risk / Return Rank: 65
XLK Sharpe Ratio Rank: 62
XLK Sortino Ratio Rank: 65
XLK Omega Ratio Rank: 63
XLK Calmar Ratio Rank: 73
XLK Martin Ratio Rank: 62

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. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and State Street Technology Select Sector SPDR ETF (XLK). 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	XLK	Difference
Sharpe ratio Return per unit of total volatility	0.58	1.13	-0.55
Sortino ratio Return per unit of downside risk	0.96	1.71	-0.74
Omega ratio Gain probability vs. loss probability	1.13	1.24	-0.11
Calmar ratio Return relative to maximum drawdown	0.87	1.97	-1.10
Martin ratio Return relative to average drawdown	3.34	6.31	-2.97
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. XLK - Sharpe Ratio Comparison

The current MWMIX Sharpe Ratio is 0.58, which is lower than the XLK Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of MWMIX and XLK, 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	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.13	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.64	-0.27
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	0.36	+0.17

Correlation

The correlation between MWMIX and XLK is 0.72, 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.

Dividends

MWMIX vs. XLK - Dividend Comparison

MWMIX's dividend yield for the trailing twelve months is around 13.35%, more than XLK's 0.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MWMIX VanEck Morningstar Wide Moat Fund	13.35%	12.47%	10.34%	0.77%	11.44%	13.44%	8.22%	10.84%	9.48%	0.26%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.57%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Drawdowns

MWMIX vs. XLK - Drawdown Comparison

The maximum MWMIX drawdown since its inception was -33.03%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for MWMIX and XLK.

Drawdown Indicators

	MWMIX	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-33.03%	-82.05%	+49.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	-15.92%	+2.58%
Max Drawdown (5Y) Largest decline over 5 years	-23.90%	-33.56%	+9.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-10.18%	-11.04%	+0.86%
Average Drawdown Average peak-to-trough decline	-4.75%	-35.17%	+30.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	4.98%	-1.49%

Volatility

MWMIX vs. XLK - Volatility Comparison

The current volatility for VanEck Morningstar Wide Moat Fund (MWMIX) is 4.83%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 8.12%. This indicates that MWMIX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MWMIX	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	8.12%	-3.29%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	16.49%	-6.39%
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	27.05%	-7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	24.72%	-6.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	24.33%	-3.73%