NODE vs. MOAT

Last updated Jun 4, 2026

NODE (VanEck Onchain Economy ETF) and MOAT (VanEck Vectors Morningstar Wide Moat ETF) are both exchange-traded funds - NODE is a Blockchain fund actively managed by VanEck, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. NODE is actively managed, while MOAT is passively managed. Over the past year, NODE returned 71.73% vs 14.97% for MOAT. At a 0.38 correlation, their price movements are largely independent. NODE charges 0.69%/yr vs 0.48%/yr for MOAT.

Performance

NODE vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Onchain Economy ETF (NODE) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NODE achieves a 33.28% return, which is significantly higher than MOAT's -0.94% return.

NODE

• 1D: -1.79%
• 1M: 10.04%
• YTD: 33.28%
• 6M: 21.22%
• 1Y: 71.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MOAT

• 1D: -1.37%
• 1M: 3.30%
• YTD: -0.94%
• 6M: -0.69%
• 1Y: 14.97%
• 3Y*: 11.34%
• 5Y*: 8.01%
• 10Y*: 13.37%

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

NODE vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025
NODE VanEck Onchain Economy ETF	33.28%	32.44%
MOAT VanEck Vectors Morningstar Wide Moat ETF	-0.94%	16.87%

Correlation

The correlation between NODE and MOAT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 15, 2025	0.38

Return for Risk

NODE vs. MOAT — Risk / Return Rank

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

NODE

NODE Risk / Return Rank: 41
NODE Sharpe Ratio Rank: 46
NODE Sortino Ratio Rank: 43
NODE Omega Ratio Rank: 41
NODE Calmar Ratio Rank: 42
NODE Martin Ratio Rank: 31

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 29
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 27

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.

NODE vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Onchain Economy ETF (NODE) 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.

	NODE	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.09	+0.50
Sortino ratio: Return per unit of downside risk	2.12	1.64	+0.48
Omega ratio: Gain probability vs. loss probability	1.26	1.19	+0.08
Calmar ratio: Return relative to maximum drawdown	2.04	1.21	+0.83
Martin ratio: Return relative to average drawdown	4.50	3.77	+0.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NODE vs. MOAT - Sharpe Ratio Comparison

The current NODE Sharpe Ratio is 1.59, which is higher than the MOAT Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of NODE and MOAT, 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

	NODE	MOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.09	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.77	+0.85

Drawdowns

NODE vs. MOAT - Drawdown Comparison

The maximum NODE drawdown since its inception was -35.35%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for NODE and MOAT.

Drawdown Indicators

	NODE	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-33.31%	-2.04%
Max Drawdown (1Y) Largest decline over 1 year	-35.35%	-12.43%	-22.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.31%	—
Current Drawdown Current decline from peak	-2.42%	-4.72%	+2.30%
Average Drawdown Average peak-to-trough decline	-11.30%	-3.83%	-7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	3.98%	+12.02%

Volatility

NODE vs. MOAT - Volatility Comparison

VanEck Onchain Economy ETF (NODE) has a higher volatility of 12.39% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 3.82%. This indicates that NODE's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NODE	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	3.82%	+8.57%
Volatility (6M) Calculated over the trailing 6-month period	34.83%	9.87%	+24.96%
Volatility (1Y) Calculated over the trailing 1-year period	45.44%	13.86%	+31.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.59%	18.18%	+26.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.59%	18.68%	+25.91%

NODE vs. MOAT - Expense Ratio Comparison

NODE has a 0.69% expense ratio, which is higher than MOAT's 0.48% expense ratio.

Dividends

NODE vs. MOAT - Dividend Comparison

NODE's dividend yield for the trailing twelve months is around 0.84%, less than MOAT's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Vectors Morningstar Wide Moat ETF	1.37%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
NODE VanEck Onchain Economy ETF	0.84%	1.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NODE and MOAT in my portfolio?

NODE and MOAT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NODE or MOAT?

NODE has higher volatility (12.39%) compared to MOAT (3.82%). In terms of maximum drawdown, NODE dropped -35.35% vs MOAT's -33.31%.

Which ETF is better, NODE or MOAT?

On 1-year performance, NODE leads with 71.73% vs 14.97% for MOAT. On fees, MOAT is cheaper at 0.48% per year. On volatility, MOAT has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NODE or MOAT?

Over the 1-year period, NODE has performed better with a 71.73% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NODE or MOAT?

MOAT is cheaper with a 0.48% expense ratio, compared with 0.69% for NODE.

Which ETF pays a higher dividend yield, NODE or MOAT?

MOAT has the higher dividend yield at 1.37%, compared with 0.84% for NODE.

What is the main difference between NODE and MOAT?

NODE is categorized as Blockchain, while MOAT is Large Cap Blend Equities. Their fees differ too: 0.69% for NODE and 0.48% for MOAT.

Which has better risk-adjusted returns?

NODE currently has the higher Sharpe Ratio (1.59 vs 1.09), 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.