SMID vs. MOAT
SMID (Smith-Midland Corporation) is a stock, while MOAT (VanEck Morningstar Wide Moat ETF) is Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Over the past 10 years, SMID returned 28.58%/yr vs 13.64%/yr for MOAT. At a 0.21 correlation, their price movements are largely independent.
Performance
SMID vs. MOAT - Performance Comparison
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Returns By Period
In the year-to-date period, SMID achieves a -16.95% return, which is significantly lower than MOAT's -2.39% return. Over the past 10 years, SMID has outperformed MOAT with an annualized return of 28.58%, while MOAT has yielded a comparatively lower 13.64% annualized return.
SMID
- 1D
- 3.89%
- 1M
- 2.48%
- YTD
- -16.95%
- 6M
- -12.75%
- 1Y
- -2.49%
- 3Y*
- 13.59%
- 5Y*
- 6.53%
- 10Y*
- 28.58%
MOAT
- 1D
- 0.09%
- 1M
- -1.13%
- YTD
- -2.39%
- 6M
- -2.98%
- 1Y
- 12.04%
- 3Y*
- 10.36%
- 5Y*
- 7.68%
- 10Y*
- 13.64%
SMID vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMID Smith-Midland Corporation | -16.95% | -18.26% | 12.56% | 92.68% | -56.38% | 397.35% | 57.50% | -18.98% | 9.99% | 29.02% |
MOAT VanEck Morningstar Wide Moat ETF | -2.39% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | 23.18% |
Correlation
The correlation between SMID and MOAT 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 | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.21 |
Over the past year, SMID and MOAT have become more correlated (0.47) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
SMID vs. MOAT — Risk / Return Rank
SMID
MOAT
SMID vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Smith-Midland Corporation (SMID) and VanEck 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.
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.
| SMID | MOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.97 | -1.04 |
| Martin ratioReturn relative to average drawdown | -0.13 | 2.92 | -3.05 |
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Drawdowns
SMID vs. MOAT - Drawdown Comparison
The maximum SMID drawdown since its inception was -72.37%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SMID and MOAT.
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Drawdown Indicators
| SMID | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.37% | -33.31% | -39.06% |
Max Drawdown (1Y)Largest decline over 1 year | -39.29% | -12.43% | -26.86% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -21.44% | -27.41% |
Max Drawdown (5Y)Largest decline over 5 years | -72.37% | -23.96% | -48.41% |
Max Drawdown (10Y)Largest decline over 10 years | -72.37% | -33.31% | -39.06% |
Current DrawdownCurrent decline from peak | -39.68% | -6.12% | -33.56% |
Average DrawdownAverage peak-to-trough decline | -27.56% | -3.83% | -23.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.43% | 4.13% | +15.30% |
Volatility
SMID vs. MOAT - Volatility Comparison
Smith-Midland Corporation (SMID) has a higher volatility of 22.53% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.72%. This indicates that SMID'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.
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Volatility by Period
| SMID | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.53% | 4.72% | +17.81% |
Volatility (6M)Calculated over the trailing 6-month period | 42.59% | 10.23% | +32.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 13.99% | +41.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.15% | 18.24% | +46.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.52% | 18.65% | +35.87% |
Dividends
SMID vs. MOAT - Dividend Comparison
SMID has not paid dividends to shareholders, while MOAT's dividend yield for the trailing twelve months is around 1.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOAT VanEck Morningstar Wide Moat ETF | 1.39% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
SMID Smith-Midland Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 0.74% | 0.73% | 0.19% | 0.00% |
Frequently Asked Questions
SMID and MOAT 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.
SMID has higher volatility (22.53%) compared to MOAT (4.72%). In terms of maximum drawdown, SMID dropped -72.37% vs MOAT's -33.31%.
MOAT currently has the higher Sharpe Ratio (0.87 vs -0.04), 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.
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