TSGB.L vs. MOAT.L

Last updated Jun 5, 2026

TSGB.L (VanEck Sustainable World Equal Weight UCITS ETF A) and MOAT.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) are both exchange-traded funds - TSGB.L is a Global Equities fund tracking the MSCI ACWI NR USD, 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, TSGB.L returned 12.11%/yr vs 4.30%/yr for MOAT.L. A 0.78 correlation means they provide meaningful diversification when combined. TSGB.L charges 0.20%/yr vs 0.49%/yr for MOAT.L.

Performance

TSGB.L vs. MOAT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Sustainable World Equal Weight UCITS ETF A (TSGB.L) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSGB.L is traded in GBP, while MOAT.L is traded in USD. To make them comparable, the MOAT.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSGB.L achieves a 12.75% return, which is significantly higher than MOAT.L's -2.27% return.

TSGB.L

• 1D: 0.08%
• 1M: 4.90%
• YTD: 12.75%
• 6M: 13.89%
• 1Y: 28.93%
• 3Y*: 17.68%
• 5Y*: 12.11%
• 10Y*: —

MOAT.L

• 1D: 1.08%
• 1M: 4.43%
• YTD: -2.27%
• 6M: -3.00%
• 1Y: 9.41%
• 3Y*: 5.44%
• 5Y*: 4.30%
• 10Y*: 11.37%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TSGB.L VanEck Sustainable World Equal Weight UCITS ETF A	12.75%	19.46%	12.13%	14.14%	-7.29%	19.61%	9.42%	11.77%
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF	-2.30%	-0.31%	13.06%	12.45%	-9.03%	26.72%	10.28%	20.92%

Correlation

The correlation between TSGB.L and MOAT.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019	0.78

The correlation between TSGB.L and MOAT.L shifts across timeframes, from 0.62 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

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

Sectors	TSGB.L	MOAT.L
Financial Services	29.4%	7.4%
Technology	23.6%	24.3%
Healthcare	12.7%	23.2%
Industrials	11.7%	8.8%
Consumer Cyclical	7.4%	7.4%
Communication Services	7.0%	6.2%
Basic Materials	2.7%	4.2%
Real Estate	2.6%	0.5%
Consumer Defensive	1.5%	18.1%
Utilities	1.1%	-
Energy	0.4%	-

Return for Risk

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

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

TSGB.L

TSGB.L Risk / Return Rank: 75
TSGB.L Sharpe Ratio Rank: 76
TSGB.L Sortino Ratio Rank: 79
TSGB.L Omega Ratio Rank: 79
TSGB.L Calmar Ratio Rank: 68
TSGB.L Martin Ratio Rank: 70

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.

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

This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF A (TSGB.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.

	TSGB.L	MOAT.L	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.69	+1.74
Sortino ratio: Return per unit of downside risk	3.49	1.10	+2.39
Omega ratio: Gain probability vs. loss probability	1.46	1.13	+0.34
Calmar ratio: Return relative to maximum drawdown	3.34	0.86	+2.48
Martin ratio: Return relative to average drawdown	12.99	2.03	+10.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TSGB.L Sharpe Ratio is 2.44, which is higher than the MOAT.L Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of TSGB.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

	TSGB.L	MOAT.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	0.69	+1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.28	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.73	+0.08

Drawdowns

TSGB.L vs. MOAT.L - Drawdown Comparison

The maximum TSGB.L drawdown since its inception was -26.20%, roughly equal to the maximum MOAT.L drawdown of -25.07%. Use the drawdown chart below to compare losses from any high point for TSGB.L and MOAT.L.

Drawdown Indicators

	TSGB.L	MOAT.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.20%	-25.07%	-1.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-10.93%	+2.13%
Max Drawdown (3Y) Largest decline over 3 years	-16.64%	-23.01%	+6.37%
Max Drawdown (5Y) Largest decline over 5 years	-16.64%	-23.01%	+6.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.07%	—
Current Drawdown Current decline from peak	-0.01%	-6.67%	+6.66%
Average Drawdown Average peak-to-trough decline	-3.41%	-4.46%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	4.62%	-2.36%

Volatility

TSGB.L vs. MOAT.L - Volatility Comparison

The current volatility for VanEck Sustainable World Equal Weight UCITS ETF A (TSGB.L) is 3.24%, while VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) has a volatility of 3.72%. This indicates that TSGB.L experiences smaller price fluctuations and is considered to be less risky than MOAT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSGB.L	MOAT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.72%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	9.68%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	13.50%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	15.60%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	16.94%	-2.01%

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

TSGB.L has a 0.20% expense ratio, which is lower than MOAT.L's 0.49% expense ratio.

Dividends

TSGB.L vs. MOAT.L - Dividend Comparison

TSGB.L's dividend yield for the trailing twelve months is around 2.11%, while MOAT.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSGB.L VanEck Sustainable World Equal Weight UCITS ETF A	2.11%	2.23%	2.63%	2.56%	2.67%	1.13%

Frequently Asked Questions

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

TSGB.L and MOAT.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, TSGB.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

TSGB.L is cheaper with a 0.20% expense ratio, compared with 0.49% for MOAT.L.

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

TSGB.L is categorized as Global Equities, while MOAT.L is Large Cap Blend Equities. TSGB.L tracks MSCI ACWI NR USD, while MOAT.L tracks Russell 1000 TR USD. Their fees differ too: 0.20% for TSGB.L and 0.49% for MOAT.L.