SMOT vs. MOAT
Compare and contrast key facts about VanEck Morningstar SMID Moat ETF (SMOT) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
SMOT and MOAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOT is a passively managed fund by VanEck that tracks the performance of the Morningstar US Small-Mid Cap Moat Focus. It was launched on Oct 4, 2022. 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 SMOT 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMOT or MOAT.
Key characteristics
| SMOT | MOAT | |
|---|---|---|
| YTD Return | 8.22% | 11.46% |
| 1Y Return | 17.94% | 21.88% |
| Sharpe Ratio | 1.08 | 1.66 |
| Daily Std Dev | 16.52% | 13.12% |
| Max Drawdown | -17.29% | -33.31% |
| Current Drawdown | -0.41% | -0.76% |
Correlation
The correlation between SMOT and MOAT is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SMOT vs. MOAT - Performance Comparison
In the year-to-date period, SMOT achieves a 8.22% return, which is significantly lower than MOAT's 11.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMOT vs. MOAT - Expense Ratio Comparison
SMOT has a 0.49% expense ratio, which is higher than MOAT's 0.48% expense ratio.
Risk-Adjusted Performance
SMOT vs. MOAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) 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.
Dividends
SMOT vs. MOAT - Dividend Comparison
SMOT's dividend yield for the trailing twelve months is around 0.60%, less than MOAT's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMOT VanEck Morningstar SMID Moat ETF | 0.60% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 0.77% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% | 1.34% | 0.79% |
Drawdowns
SMOT vs. MOAT - Drawdown Comparison
The maximum SMOT drawdown since its inception was -17.29%, smaller than the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SMOT and MOAT. For additional features, visit the drawdowns tool.
Volatility
SMOT vs. MOAT - Volatility Comparison
VanEck Morningstar SMID Moat ETF (SMOT) has a higher volatility of 4.21% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 2.49%. This indicates that SMOT'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.