RACE vs. MWMIX

Last updated Jun 12, 2026

RACE (Ferrari N.V.) is a stock, while MWMIX (VanEck Morningstar Wide Moat Fund) is Large Cap Blend Equities fund managed by VanEck. Over the past 5 years, RACE returned 12.91%/yr vs 6.28%/yr for MWMIX. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

RACE vs. MWMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ferrari N.V. (RACE) and VanEck Morningstar Wide Moat Fund (MWMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RACE achieves a 1.23% return, which is significantly higher than MWMIX's -2.27% return.

RACE

• 1D: 5.50%
• 1M: 11.04%
• YTD: 1.23%
• 6M: 1.67%
• 1Y: -22.45%
• 3Y*: 8.36%
• 5Y*: 12.91%
• 10Y*: 25.54%

MWMIX

• 1D: -1.27%
• 1M: 1.37%
• YTD: -2.27%
• 6M: -3.51%
• 1Y: 10.84%
• 3Y*: 8.67%
• 5Y*: 6.28%
• 10Y*: —

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

RACE vs. MWMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RACE Ferrari N.V.	1.23%	-11.65%	26.34%	59.12%	-16.68%	13.32%	39.71%	67.87%	-4.47%	-0.68%
MWMIX VanEck Morningstar Wide Moat Fund	-2.27%	13.17%	10.30%	25.20%	-13.46%	24.12%	14.15%	34.85%	-1.49%	-0.52%

Correlation

The correlation between RACE and MWMIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 21, 2017	0.53

The correlation between RACE and MWMIX shifts across timeframes, from 0.43 (3 years) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RACE vs. MWMIX — Risk / Return Rank

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

RACE

RACE Risk / Return Rank: 20
RACE Sharpe Ratio Rank: 15
RACE Sortino Ratio Rank: 17
RACE Omega Ratio Rank: 17
RACE Calmar Ratio Rank: 23
RACE Martin Ratio Rank: 26

MWMIX

MWMIX Risk / Return Rank: 12
MWMIX Sharpe Ratio Rank: 12
MWMIX Sortino Ratio Rank: 13
MWMIX Omega Ratio Rank: 11
MWMIX Calmar Ratio Rank: 12
MWMIX Martin Ratio Rank: 12

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.

RACE vs. MWMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ferrari N.V. (RACE) and VanEck Morningstar Wide Moat Fund (MWMIX). 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.

	RACE	MWMIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	0.74	-1.38
Sortino ratio: Return per unit of downside risk	-0.70	1.16	-1.86
Omega ratio: Gain probability vs. loss probability	0.91	1.13	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.57	0.83	-1.41
Martin ratio: Return relative to average drawdown	-0.90	2.55	-3.46

RACE vs. MWMIX - Sharpe Ratio Comparison

The current RACE Sharpe Ratio is -0.64, which is lower than the MWMIX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of RACE and MWMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RACE vs. MWMIX - Drawdown Comparison

The maximum RACE drawdown since its inception was -46.67%, which is greater than MWMIX's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for RACE and MWMIX.

Drawdown Indicators

	RACE	MWMIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.67%	-33.03%	-13.64%
Max Drawdown (1Y) Largest decline over 1 year	-39.22%	-12.42%	-26.80%
Max Drawdown (3Y) Largest decline over 3 years	-39.22%	-21.66%	-17.56%
Max Drawdown (5Y) Largest decline over 5 years	-39.22%	-23.90%	-15.32%
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	—	—
Current Drawdown Current decline from peak	-27.73%	-5.96%	-21.77%
Average Drawdown Average peak-to-trough decline	-11.49%	-4.79%	-6.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.95%	4.04%	+20.91%

Volatility

RACE vs. MWMIX - Volatility Comparison

Ferrari N.V. (RACE) has a higher volatility of 12.09% compared to VanEck Morningstar Wide Moat Fund (MWMIX) at 4.07%. This indicates that RACE's price experiences larger fluctuations and is considered to be riskier than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RACE	MWMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.09%	4.07%	+8.02%
Volatility (6M) Calculated over the trailing 6-month period	24.54%	9.97%	+14.57%
Volatility (1Y) Calculated over the trailing 1-year period	35.25%	13.95%	+21.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.53%	18.66%	+10.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.54%	20.46%	+9.08%

Dividends

RACE vs. MWMIX - Dividend Comparison

RACE's dividend yield for the trailing twelve months is around 2.33%, less than MWMIX's 12.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MWMIX VanEck Morningstar Wide Moat Fund	12.76%	12.47%	10.34%	0.77%	11.44%	13.44%	8.22%	10.84%	9.48%	0.26%	0.00%
RACE Ferrari N.V.	2.33%	1.85%	0.61%	0.59%	0.69%	0.40%	0.54%	0.70%	0.88%	0.61%	0.79%

Frequently Asked Questions

Can I hold both RACE and MWMIX in my portfolio?

RACE and MWMIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RACE or MWMIX?

RACE has higher volatility (12.09%) compared to MWMIX (4.07%). In terms of maximum drawdown, RACE dropped -46.67% vs MWMIX's -33.03%.

Which has better risk-adjusted returns?

MWMIX currently has the higher Sharpe Ratio (0.74 vs -0.64), 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.