SMID vs. MOAT

Last updated Jul 14, 2026

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 28.03%/yr vs 13.56%/yr for MOAT. At a 0.21 correlation, their price movements are largely independent.

Performance

SMID vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smith-Midland Corporation (SMID) and VanEck 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, SMID achieves a -16.92% return, which is significantly lower than MOAT's 2.73% return. Over the past 10 years, SMID has outperformed MOAT with an annualized return of 28.03%, while MOAT has yielded a comparatively lower 13.56% annualized return.

SMID

• 1D: 0.73%
• 1M: -3.70%
• 6M: -13.94%
• YTD: -16.92%
• 1Y: -21.09%
• 3Y*: 7.27%
• 5Y*: 3.44%
• 10Y*: 28.03%

MOAT

• 1D: 0.12%
• 1M: 3.41%
• 6M: -0.87%
• YTD: 2.73%
• 1Y: 11.72%
• 3Y*: 10.56%
• 5Y*: 8.60%
• 10Y*: 13.56%

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

SMID vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMID Smith-Midland Corporation	-16.92%	-18.26%	12.56%	92.68%	-56.38%	397.35%	57.50%	-18.98%	9.99%	29.02%
MOAT VanEck Morningstar Wide Moat ETF	2.73%	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 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
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 (0.45) than their long-term average of 0.21, meaning their price movements have been converging.

Return for Risk

SMID vs. MOAT — Risk / Return Rank

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

SMID

SMID Risk / Return Rank: 26
SMID Sharpe Ratio Rank: 27
SMID Sortino Ratio Rank: 28
SMID Omega Ratio Rank: 28
SMID Calmar Ratio Rank: 25
SMID Martin Ratio Rank: 23

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 28
MOAT Omega Ratio Rank: 26
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 26

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.

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 ratio: Return per unit of total volatility	-0.39	0.85	-1.24
Sortino ratio: Return per unit of downside risk	-0.24	1.29	-1.53
Omega ratio: Gain probability vs. loss probability	0.97	1.15	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.54	0.95	-1.49
Martin ratio: Return relative to average drawdown	-1.02	2.81	-3.83

SMID vs. MOAT - Sharpe Ratio Comparison

The current SMID Sharpe Ratio is -0.39, which is lower than the MOAT Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of SMID 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.

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.

Drawdown Indicators

	SMID	MOAT	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-39.66%	-1.19%	-38.47%
Average Drawdown Average peak-to-trough decline	-27.62%	-3.83%	-23.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.68%	4.18%	+16.50%

Volatility

SMID vs. MOAT - Volatility Comparison

Smith-Midland Corporation (SMID) has a higher volatility of 14.57% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.14%. 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.

Volatility by Period

	SMID	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.57%	4.14%	+10.43%
Volatility (6M) Calculated over the trailing 6-month period	42.24%	10.29%	+31.95%
Volatility (1Y) Calculated over the trailing 1-year period	54.54%	13.92%	+40.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.97%	18.26%	+46.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.50%	18.60%	+35.90%

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 1.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Morningstar Wide Moat ETF	1.32%	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

Can I hold both SMID and MOAT in my portfolio?

SMID and MOAT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMID or MOAT?

SMID has higher volatility (14.57%) compared to MOAT (4.14%). In terms of maximum drawdown, SMID dropped -72.37% vs MOAT's -33.31%.

Which has better risk-adjusted returns?

MOAT currently has the higher Sharpe Ratio (0.85 vs -0.39), 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.