VanEck Morningstar Wide Moat ETF (MOAT) Performance
MOAT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.2% since Dec 31, 2025
- 1 year
- +10.7% total return
- 5 years
- +9.3% a year
- 10 years
- +14.2% a year
- Since first price
- +13.8% a year since 2012
MOAT trailing returns vs SPY, QQQ, AGG
| Period | MOAT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.7% | +3.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +7.8% | +7.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.2% | +11.2% | +7.8% | +8.4% | −1.5% |
| YTD | +8.2% | +8.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +9.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.7%+16.6%/yr | +53.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +55.7%+9.3%/yr | +46.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +275.8%+14.2%/yr | +231.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionApr 25, 2012 | +555.3%+13.8%/yr | +449.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MOAT vs SPY
From Apr 25, 2012: MOAT grew to $65,529, SPY to $70,144.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MOAT returns by calendar year
10 of 13 full years positive. Best 2019 (+34.8%), worst 2022 (−13.7%). 2026 is year to date.
MOAT annual returns table
| Year | MOAT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.2% | −12.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.2% | −20.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.7% | −6.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +31.9% | −15.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.7% | −23.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.1% | −7.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +14.8% | −33.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +34.8% | −8.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −1.3% | −16.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.2% | −4.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +21.9% | −7.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.9% | −13.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.2% | −6.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +30.9% | −5.5% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MOAT largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −33.3% | Mar 23, 2020 | Jun 8, 2020 | 40 days | 4 months |
| Nov 5, 2021 | −24.0% | Oct 14, 2022 | Jun 2, 2023 | 11 months | 1.6 years |
| Nov 25, 2024 | −21.4% | Apr 8, 2025 | Jul 10, 2025 | 4 months | 7 months |
| Sep 21, 2018 | −16.1% | Dec 24, 2018 | Feb 15, 2019 | 3 months | 5 months |
| Jul 31, 2023 | −15.1% | Oct 27, 2023 | Dec 13, 2023 | 3 months | 4 months |
| Nov 21, 2014 | −14.6% | Feb 11, 2016 | Apr 13, 2016 | 1.2 years | 1.4 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MOAT risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +13.0% | +8.9% | +13.4% | +13.3% |
| Volatility (annualized) | 14.8% | 17.3% | 17.1% | 16.0% |
| Sharpe ratio | 0.61 | 0.37 | 0.69 | 0.77 |
| Sortino ratio | 0.90 | 0.56 | 1.09 | 1.22 |
| Best month | +9.9% | +11.8% | +14.9% | +14.9% |
| Worst month | −9.6% | −9.9% | −12.8% | −12.8% |
| Best 12 months | +31.6% | +31.9% | +60.7% | +60.7% |
| Worst 12 months | −0.8% | −17.2% | −17.2% | −17.2% |
| Positive months | 69% | 62% | 67% | 65% |
| Beta vs S&P 500 | 0.92 | 0.96 | 1.02 | — |
| Correlation with S&P 500 | 0.77 | 0.87 | 0.91 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MOAT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 163 | −17.2% | +14.8% | +60.7% | 87% |
| 3-year (a year) | 139 | +6.5% | +12.7% | +24.3% | 100% |
| 5-year (a year) | 115 | +8.1% | +13.7% | +19.6% | 100% |
| 10-year (a year) | 55 | +11.6% | +13.5% | +15.8% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
MOAT performance overview
VanEck Morningstar Wide Moat ETF (MOAT) returned +10.7% over the past year and +14.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +13.8% a year, turning $10,000 into about $65,529. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.3%, from Feb 12, 2020 to Mar 23, 2020, and it took 3 months to get back to the old high. MOAT finished 10 of its 13 full calendar years with a gain; the best year was 2019 (+34.8%) and the worst 2022 (−13.7%). Volatility has been 16.0% a year.
Related: MOAT chart, MOAT holdings, MOAT dividends, MOAT valuation. See the MOAT overview for the latest quote and fund facts.
MOAT performance FAQ
What is the MOAT return over the past year?
MOAT returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.3%.
What is the average annual return of MOAT?
MOAT has returned +9.3% a year over 5 years, +14.2% a year over 10 years, +13.8% a year since April 25, 2012 (total return, distributions reinvested).
How much would $10,000 invested in MOAT be worth?
$10,000 invested in MOAT at its first recorded close on April 25, 2012 would be worth about $65,529 on October 23, 2026 with distributions reinvested.
What was the worst year for MOAT?
The worst calendar year was 2022, with a total return of −13.7%. The best was 2019 at +34.8%.
What is the biggest drawdown of MOAT?
The largest peak-to-trough decline was −33.3% between February 12, 2020 and March 23, 2020. It recovered to the old high on June 8, 2020, 3 months after the bottom.
How volatile is MOAT?
Over the past 3 years MOAT had an annualized volatility of 14.8% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).