SEMI.AX vs. MOAT.AX

Last updated Jul 18, 2026

SEMI.AX (Global X Semiconductor ETF) and MOAT.AX (VanEck Morningstar Wide Moat ETF) are both Global Equities funds - SEMI.AX tracks the Global X Semiconductor Index while MOAT.AX tracks the VanEck Morningstar Wide Moat Index. Both are passively managed. Over the past 3 years, SEMI.AX returned 51.37%/yr vs 9.42%/yr for MOAT.AX. At a 0.47 correlation, their price movements are largely independent.

Performance

SEMI.AX vs. MOAT.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X Semiconductor ETF (SEMI.AX) and VanEck Morningstar Wide Moat ETF (MOAT.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMI.AX achieves a 59.90% return, which is significantly higher than MOAT.AX's -1.90% return.

SEMI.AX

• 1D: -7.68%
• 1M: -15.15%
• 6M: 42.26%
• YTD: 59.90%
• 1Y: 104.12%
• 3Y*: 51.37%
• 5Y*: —
• 10Y*: —

MOAT.AX

• 1D: 0.91%
• 1M: 4.30%
• 6M: -5.26%
• YTD: -1.90%
• 1Y: 5.43%
• 3Y*: 9.42%
• 5Y*: 9.70%
• 10Y*: 14.14%

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

SEMI.AX vs. MOAT.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SEMI.AX Global X Semiconductor ETF	59.90%	43.80%	35.17%	69.12%	-30.92%	15.60%
MOAT.AX VanEck Morningstar Wide Moat ETF	-1.90%	5.68%	20.43%	30.52%	-7.38%	0.14%

Correlation

The correlation between SEMI.AX and MOAT.AX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.47

Over the past year, the correlation between SEMI.AX and MOAT.AX has dropped to 0.11 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

SEMI.AX vs. MOAT.AX — Risk / Return Rank

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

SEMI.AX

SEMI.AX Risk / Return Rank: 92
SEMI.AX Sharpe Ratio Rank: 95
SEMI.AX Sortino Ratio Rank: 89
SEMI.AX Omega Ratio Rank: 90
SEMI.AX Calmar Ratio Rank: 93
SEMI.AX Martin Ratio Rank: 95

MOAT.AX

MOAT.AX Risk / Return Rank: 16
MOAT.AX Sharpe Ratio Rank: 18
MOAT.AX Sortino Ratio Rank: 17
MOAT.AX Omega Ratio Rank: 16
MOAT.AX Calmar Ratio Rank: 15
MOAT.AX Martin Ratio Rank: 14

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.

SEMI.AX vs. MOAT.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Semiconductor ETF (SEMI.AX) and VanEck Morningstar Wide Moat ETF (MOAT.AX). 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.

	SEMI.AX	MOAT.AX	Difference
Sharpe ratio: Return per unit of total volatility	2.81	0.43	+2.39
Sortino ratio: Return per unit of downside risk	3.22	0.68	+2.54
Omega ratio: Gain probability vs. loss probability	1.44	1.08	+0.36
Calmar ratio: Return relative to maximum drawdown	4.80	0.34	+4.45
Martin ratio: Return relative to average drawdown	21.73	0.70	+21.03

SEMI.AX vs. MOAT.AX - Sharpe Ratio Comparison

The current SEMI.AX Sharpe Ratio is 2.81, which is higher than the MOAT.AX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of SEMI.AX and MOAT.AX, 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

SEMI.AX vs. MOAT.AX - Drawdown Comparison

The maximum SEMI.AX drawdown since its inception was -38.85%, which is greater than MOAT.AX's maximum drawdown of -23.63%. Use the drawdown chart below to compare losses from any high point for SEMI.AX and MOAT.AX.

Drawdown Indicators

	SEMI.AX	MOAT.AX	Difference
Max Drawdown Largest peak-to-trough decline	-38.85%	-23.63%	-15.22%
Max Drawdown (1Y) Largest decline over 1 year	-20.90%	-15.16%	-5.74%
Max Drawdown (3Y) Largest decline over 3 years	-32.53%	-19.11%	-13.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.63%	—
Current Drawdown Current decline from peak	-20.90%	-5.26%	-15.64%
Average Drawdown Average peak-to-trough decline	-10.86%	-3.97%	-6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	7.59%	-2.92%

Volatility

SEMI.AX vs. MOAT.AX - Volatility Comparison

Global X Semiconductor ETF (SEMI.AX) has a higher volatility of 16.59% compared to VanEck Morningstar Wide Moat ETF (MOAT.AX) at 3.42%. This indicates that SEMI.AX's price experiences larger fluctuations and is considered to be riskier than MOAT.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI.AX	MOAT.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.59%	3.42%	+13.17%
Volatility (6M) Calculated over the trailing 6-month period	30.75%	9.67%	+21.08%
Volatility (1Y) Calculated over the trailing 1-year period	35.63%	12.27%	+23.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.80%	14.96%	+16.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.80%	15.47%	+16.33%

Dividends

SEMI.AX vs. MOAT.AX - Dividend Comparison

SEMI.AX's dividend yield for the trailing twelve months is around 8.25%, less than MOAT.AX's 9.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT.AX VanEck Morningstar Wide Moat ETF	9.96%	5.78%	7.39%	6.87%	0.00%	0.00%	1.26%	1.12%	2.52%	0.00%	1.78%	3.30%
SEMI.AX Global X Semiconductor ETF	8.25%	5.60%	3.44%	0.54%	0.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEMI.AX and MOAT.AX in my portfolio?

SEMI.AX and MOAT.AX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SEMI.AX and MOAT.AX?

SEMI.AX tracks Global X Semiconductor Index, while MOAT.AX tracks VanEck Morningstar Wide Moat Index. They also come from different issuers: Global X and VanEck.