SMB vs. MOAT
Compare and contrast key facts about VanEck Short Muni ETF (SMB) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
SMB and MOAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMB is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Short Continuous. It was launched on Feb 22, 2008. 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. Both SMB and MOAT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMB vs. MOAT - Performance Comparison
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SMB vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMB VanEck Short Muni ETF | -0.20% | 4.61% | 2.41% | 3.14% | -4.50% | 0.12% | 3.30% | 4.54% | 1.86% | 1.16% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | -6.62% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | 23.18% |
Returns By Period
In the year-to-date period, SMB achieves a -0.20% return, which is significantly higher than MOAT's -6.62% return. Over the past 10 years, SMB has underperformed MOAT with an annualized return of 1.50%, while MOAT has yielded a comparatively higher 13.48% annualized return.
SMB
- 1D
- 0.06%
- 1M
- -1.00%
- YTD
- -0.20%
- 6M
- 0.64%
- 1Y
- 3.71%
- 3Y*
- 2.99%
- 5Y*
- 1.07%
- 10Y*
- 1.50%
MOAT
- 1D
- 2.13%
- 1M
- -9.57%
- YTD
- -6.62%
- 6M
- -1.11%
- 1Y
- 11.38%
- 3Y*
- 10.72%
- 5Y*
- 7.98%
- 10Y*
- 13.48%
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SMB vs. MOAT - Expense Ratio Comparison
SMB has a 0.20% expense ratio, which is lower than MOAT's 0.48% expense ratio.
Return for Risk
SMB vs. MOAT — Risk / Return Rank
SMB
MOAT
SMB vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) 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.
| SMB | MOAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 0.58 | +1.00 |
Sortino ratioReturn per unit of downside risk | 2.02 | 0.97 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.13 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.88 | +1.40 |
Martin ratioReturn relative to average drawdown | 8.77 | 3.37 | +5.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMB | MOAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.58 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.44 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.72 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.75 | -0.34 |
Correlation
The correlation between SMB and MOAT is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMB vs. MOAT - Dividend Comparison
SMB's dividend yield for the trailing twelve months is around 2.68%, more than MOAT's 1.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMB VanEck Short Muni ETF | 2.68% | 2.63% | 2.38% | 1.83% | 1.32% | 1.24% | 1.50% | 1.58% | 1.49% | 1.23% | 1.12% | 1.13% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 1.45% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
Drawdowns
SMB vs. MOAT - Drawdown Comparison
The maximum SMB drawdown since its inception was -12.64%, smaller than the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SMB and MOAT.
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Drawdown Indicators
| SMB | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -33.31% | +20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -13.30% | +11.67% |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | -23.96% | +16.48% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -33.31% | +20.67% |
Current DrawdownCurrent decline from peak | -1.00% | -10.19% | +9.19% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -3.79% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 3.49% | -3.06% |
Volatility
SMB vs. MOAT - Volatility Comparison
The current volatility for VanEck Short Muni ETF (SMB) is 0.64%, while VanEck Vectors Morningstar Wide Moat ETF (MOAT) has a volatility of 4.81%. This indicates that SMB experiences smaller price fluctuations and is considered to be less risky than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMB | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 4.81% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 10.12% | -8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 19.76% | -17.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.49% | 18.10% | -15.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 18.71% | -14.44% |