WDIV vs. MOAT

Last updated Jul 23, 2026

WDIV (SPDR S&P Global Dividend ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - WDIV is a Global Equities fund tracking the S&P Global Dividend Aristocrats Index, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, WDIV returned 7.54%/yr vs 13.20%/yr for MOAT. A 0.72 correlation means they provide meaningful diversification when combined. WDIV charges 0.40%/yr vs 0.47%/yr for MOAT.

Performance

WDIV vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Dividend ETF (WDIV) 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, WDIV achieves a 12.46% return, which is significantly higher than MOAT's 0.82% return. Over the past 10 years, WDIV has underperformed MOAT with an annualized return of 7.54%, while MOAT has yielded a comparatively higher 13.20% annualized return.

WDIV

• 1D: 0.53%
• 1M: 4.28%
• 6M: 9.76%
• YTD: 12.46%
• 1Y: 20.38%
• 3Y*: 17.41%
• 5Y*: 9.28%
• 10Y*: 7.54%
• ALL TIME*: 7.21%

MOAT

• 1D: -0.55%
• 1M: 3.39%
• 6M: -2.35%
• YTD: 0.82%
• 1Y: 8.76%
• 3Y*: 9.46%
• 5Y*: 7.97%
• 10Y*: 13.20%
• ALL TIME*: 13.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MOAT VanEck Morningstar Wide Moat ETF	$65.91M	$71.69M	$85.21M
WDIV SPDR S&P Global Dividend ETF	$635.92K	$835.69K	$562.59K

WDIV vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WDIV SPDR S&P Global Dividend ETF	12.46%	27.16%	7.61%	8.21%	-6.92%	14.44%	-10.18%	20.12%	-8.81%	19.03%
MOAT VanEck Morningstar Wide Moat ETF	0.82%	13.20%	10.73%	31.89%	-13.66%	24.12%	14.84%	34.79%	-1.28%	23.18%

Correlation

The correlation between WDIV and MOAT is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 30, 2013	0.72

The correlation between WDIV and MOAT shifts across timeframes, from 0.60 (1 year) to 0.72 (10 years), reflecting how their relationship changes across market environments.

WDIV vs. MOAT - Sectors Allocation Comparison

Sectors	WDIV	MOAT
Financial Services	22.5%	9.2%
Utilities	13.8%	-
Real Estate	12.8%	0.7%
Industrials	11.8%	9.5%
Communication Services	9.4%	2.4%
Energy	7.1%	-
Consumer Defensive	6.6%	18.2%
Technology	4.6%	30.8%
Consumer Cyclical	4.2%	11.1%
Healthcare	3.9%	18.1%
Basic Materials	3.4%	-

Return for Risk

WDIV vs. MOAT — Risk / Return Rank

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

WDIV

WDIV Risk / Return Rank: 75
WDIV Sharpe Ratio Rank: 82
WDIV Sortino Ratio Rank: 84
WDIV Omega Ratio Rank: 81
WDIV Calmar Ratio Rank: 63
WDIV Martin Ratio Rank: 66

MOAT

MOAT Risk / Return Rank: 23
MOAT Sharpe Ratio Rank: 24
MOAT Sortino Ratio Rank: 24
MOAT Omega Ratio Rank: 22
MOAT Calmar Ratio Rank: 22
MOAT Martin Ratio Rank: 24

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.

WDIV vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend ETF (WDIV) 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.

	WDIV	MOAT	Difference
Sharpe ratio: Return per unit of total volatility	2.02	0.63	+1.39
Sortino ratio: Return per unit of downside risk	2.91	1.00	+1.92
Omega ratio: Gain probability vs. loss probability	1.37	1.11	+0.25
Calmar ratio: Return relative to maximum drawdown	2.38	0.71	+1.67
Martin ratio: Return relative to average drawdown	8.71	2.10	+6.61

WDIV vs. MOAT - Sharpe Ratio Comparison

The current WDIV Sharpe Ratio is 2.02, which is higher than the MOAT Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of WDIV 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

WDIV vs. MOAT - Drawdown Comparison

The maximum WDIV drawdown since its inception was -42.34%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for WDIV and MOAT.

Drawdown Indicators

	WDIV	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	-33.31%	-9.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-12.43%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-11.26%	-21.44%	+10.18%
Max Drawdown (5Y) Largest decline over 5 years	-22.12%	-23.96%	+1.84%
Max Drawdown (10Y) Largest decline over 10 years	-42.34%	-33.31%	-9.03%
Current Drawdown Current decline from peak	0.00%	-3.03%	+3.03%
Average Drawdown Average peak-to-trough decline	-5.80%	-3.82%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	4.19%	-1.84%

Volatility

WDIV vs. MOAT - Volatility Comparison

The current volatility for SPDR S&P Global Dividend ETF (WDIV) is 1.85%, while VanEck Morningstar Wide Moat ETF (MOAT) has a volatility of 3.62%. This indicates that WDIV experiences smaller price fluctuations and is considered to be less risky than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDIV	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	3.62%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	10.37%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	13.98%	-3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.70%	18.26%	-5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	18.61%	-3.47%

WDIV vs. MOAT - Expense Ratio Comparison

WDIV has a 0.40% expense ratio, which is lower than MOAT's 0.47% expense ratio.

Dividends

WDIV vs. MOAT - Dividend Comparison

WDIV's dividend yield for the trailing twelve months is around 4.12%, more than MOAT's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOAT VanEck Morningstar Wide Moat ETF	1.34%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%
WDIV SPDR S&P Global Dividend ETF	4.12%	4.27%	4.63%	4.73%	5.12%	4.15%	5.55%	3.99%	4.42%	3.62%	4.32%	5.03%

Frequently Asked Questions

Can I hold both WDIV and MOAT in my portfolio?

WDIV and MOAT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDIV or MOAT?

MOAT has higher volatility (3.62%) compared to WDIV (1.85%). In terms of maximum drawdown, WDIV dropped -42.34% vs MOAT's -33.31%.

Which ETF is better, WDIV or MOAT?

On 10-year performance, MOAT leads with 13.20% vs 7.54% for WDIV. On fees, WDIV is cheaper at 0.40% per year. On volatility, WDIV has been the lower-risk option at 1.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WDIV or MOAT?

Over the 10-year period, MOAT has performed better with a 13.20% return vs 7.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDIV or MOAT?

WDIV is cheaper with a 0.40% expense ratio, compared with 0.47% for MOAT.

Which ETF pays a higher dividend yield, WDIV or MOAT?

WDIV has the higher dividend yield at 4.12%, compared with 1.34% for MOAT.

What is the main difference between WDIV and MOAT?

WDIV is categorized as Global Equities, while MOAT is Large Cap Blend Equities. WDIV tracks S&P Global Dividend Aristocrats Index, while MOAT tracks Morningstar Wide Moat Focus Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.40% for WDIV and 0.47% for MOAT.

Which has better risk-adjusted returns?

WDIV currently has the higher Sharpe Ratio (2.02 vs 0.63), 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.