TRET.L vs. MOAT.L

Last updated Jun 5, 2026

TRET.L (VanEck Global Real Estate UCITS ETF) and MOAT.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) are both exchange-traded funds - TRET.L is a REIT fund tracking the GPR Global 100 Index, while MOAT.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, TRET.L returned 2.34%/yr vs 3.18%/yr for MOAT.L. A 0.65 correlation means they provide meaningful diversification when combined. TRET.L charges 0.25%/yr vs 0.49%/yr for MOAT.L.

Performance

TRET.L vs. MOAT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Global Real Estate UCITS ETF (TRET.L) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRET.L achieves a 4.02% return, which is significantly higher than MOAT.L's -2.67% return.

TRET.L

• 1D: 0.22%
• 1M: -2.23%
• YTD: 4.02%
• 6M: 3.83%
• 1Y: 10.68%
• 3Y*: 10.83%
• 5Y*: 2.34%
• 10Y*: —

MOAT.L

• 1D: 1.08%
• 1M: 3.48%
• YTD: -2.67%
• 6M: -2.32%
• 1Y: 8.36%
• 3Y*: 8.16%
• 5Y*: 3.18%
• 10Y*: 10.55%

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

TRET.L vs. MOAT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TRET.L VanEck Global Real Estate UCITS ETF	4.02%	14.43%	1.05%	13.94%	-25.68%	29.73%	-6.91%	10.01%
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF	-2.67%	7.34%	11.12%	18.37%	-18.70%	25.53%	13.62%	24.56%

Correlation

The correlation between TRET.L and MOAT.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019	0.65

The correlation between TRET.L and MOAT.L shifts across timeframes, from 0.57 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

TRET.L vs. MOAT.L - Sectors Allocation Comparison

Sectors	TRET.L	MOAT.L
Real Estate	99.9%	0.5%
Consumer Cyclical	0.1%	7.4%
Financial Services	0.0%	7.4%
Basic Materials	-	4.2%
Communication Services	-	6.2%
Consumer Defensive	-	18.1%
Energy	-	-
Healthcare	-	23.2%
Industrials	-	8.8%
Technology	-	24.3%
Utilities	-	-

Return for Risk

TRET.L vs. MOAT.L — Risk / Return Rank

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

TRET.L

TRET.L Risk / Return Rank: 24
TRET.L Sharpe Ratio Rank: 24
TRET.L Sortino Ratio Rank: 25
TRET.L Omega Ratio Rank: 24
TRET.L Calmar Ratio Rank: 23
TRET.L Martin Ratio Rank: 26

MOAT.L

MOAT.L Risk / Return Rank: 19
MOAT.L Sharpe Ratio Rank: 19
MOAT.L Sortino Ratio Rank: 20
MOAT.L Omega Ratio Rank: 18
MOAT.L Calmar Ratio Rank: 18
MOAT.L Martin Ratio Rank: 18

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.

TRET.L vs. MOAT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.L) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L). 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.

	TRET.L	MOAT.L	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.61	+0.26
Sortino ratio: Return per unit of downside risk	1.31	1.01	+0.30
Omega ratio: Gain probability vs. loss probability	1.15	1.11	+0.04
Calmar ratio: Return relative to maximum drawdown	1.01	0.70	+0.31
Martin ratio: Return relative to average drawdown	3.55	1.89	+1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRET.L vs. MOAT.L - Sharpe Ratio Comparison

The current TRET.L Sharpe Ratio is 0.86, which is higher than the MOAT.L Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of TRET.L and MOAT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRET.L	MOAT.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.61	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.19	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.66	-0.44

Drawdowns

TRET.L vs. MOAT.L - Drawdown Comparison

The maximum TRET.L drawdown since its inception was -42.26%, which is greater than MOAT.L's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for TRET.L and MOAT.L.

Drawdown Indicators

	TRET.L	MOAT.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.26%	-32.78%	-9.48%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-11.86%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-21.84%	+4.92%
Max Drawdown (5Y) Largest decline over 5 years	-33.35%	-27.06%	-6.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.78%	—
Current Drawdown Current decline from peak	-5.89%	-5.02%	-0.87%
Average Drawdown Average peak-to-trough decline	-11.96%	-5.58%	-6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	4.42%	-1.42%

Volatility

TRET.L vs. MOAT.L - Volatility Comparison

VanEck Global Real Estate UCITS ETF (TRET.L) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) have volatilities of 3.91% and 3.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRET.L	MOAT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.79%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	9.62%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	13.79%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	16.32%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	16.93%	+2.25%

TRET.L vs. MOAT.L - Expense Ratio Comparison

TRET.L has a 0.25% expense ratio, which is lower than MOAT.L's 0.49% expense ratio.

Dividends

TRET.L vs. MOAT.L - Dividend Comparison

TRET.L's dividend yield for the trailing twelve months is around 3.49%, while MOAT.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRET.L VanEck Global Real Estate UCITS ETF	3.49%	3.54%	3.56%	3.54%	4.56%	1.86%	4.18%	0.62%

Frequently Asked Questions

Can I hold both TRET.L and MOAT.L in my portfolio?

TRET.L and MOAT.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRET.L or MOAT.L?

On fees, TRET.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRET.L or MOAT.L?

TRET.L is cheaper with a 0.25% expense ratio, compared with 0.49% for MOAT.L.

What is the main difference between TRET.L and MOAT.L?

TRET.L is categorized as REIT, while MOAT.L is Large Cap Blend Equities. TRET.L tracks GPR Global 100 Index, while MOAT.L tracks Russell 1000 TR USD. Their fees differ too: 0.25% for TRET.L and 0.49% for MOAT.L.