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Launched · SEC filings

VanEck Morningstar Wide Moat ETF

MOATCboeVanEckC

$114.08+1.70 (+1.51%)

At close: Nov 2, 2026, 4:00 PM ET

C53/ 100

Rank 53 of 99 in US Multifactor

C53/100Rank 53 of 99inUS Multifactor
Intraday session: up, 79 prints from 112.38 to 114.08. Range 112.98 to 114.63. Use the arrow keys to read each point.113.00113.50114.5010 AM12 PM2 PM4 PM
Expense ratio
0.46%
Fund size
$11.8B
1Y total return
+12.0%
Yield · Last 12 months
1.25%
Holdings
56
Avg volume · 30D
524K sh
52W range
low $94.07high $115.58
Launched
Filings
SEC EDGAR

The ETF.net MOAT Grade

C

Score 53 out of 100

Category
US Multifactor⁠
Rank
53 of 99
Six-pillar profile for MOAT. Scores out of 100: Cost 28, Risk 31, Mission 69, Tradability 96, Holdings 44, Durability 83. Strongest: Tradability (96). Weakest: Cost (28). Leans toward Tradability.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 71 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B69 out of 100
    Rank 61 of 87

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 77 of 99

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A96 out of 100
    Rank 1 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 66 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A83 out of 100
    Rank 9 of 99

Our read on MOAT

ETF.net Research

In short

CAnalyst judgment, not just a formula. MOAT holds about 60 US companies that Morningstar's equity research flags as having durable competitive advantages, and it only buys the ones the research also calls attractively priced.

Stated mandate

MOAT seeks to replicate the price and yield performance of the Morningstar Wide Moat Focus Index, which targets attractively priced companies with sustainable competitive advantages identified through Morningstar equity research.

Why people hold it

  • Two gates, not one: a company needs a sustainable competitive advantage from Morningstar's research and an attractive price. Quality alone doesn't earn a slot.
  • Running since 2012 and now a multi-billion-dollar fund, so the strategy has been through several full market cycles with real money behind it.
  • Actively traded and among the easier funds in its multifactor peer group to move in and out of at tight spreads.
  • Sticks to its stated job: a US equity index fund built on the quality-plus-value screen it advertises, sitting in the upper half of a 100-plus fund cohort.

Worth knowing

  • 0.46% a year is real money next to plain value beta: VONV charges 0.06% and VYM 0.04%. Analyst-driven research carries a price tag.
  • About 60 names, chosen on valuation. That is a portfolio built to look different from the broad market, in both directions.
  • Distributions come annually or semiannually, so it isn't built as a regular income stream.

MOAT Performance

Launched Apr 24, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MOAT$11,195
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MOAT $11,195. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MOAT. Periods over one year show the average yearly return.
PeriodMOAT
Year to date+8.5%
1 month+6.3%
3 months+4.0%
1 year+12.0%
3 yearsper year+17.2%
5 yearsper year+9.4%
10 yearsper year+14.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MOAT
YearReturn barMOAT
2026 YTD+8.5%
2025+13.2%
2024+10.7%
2023+31.9%
2022−13.6%
2021+24.1%
2020+14.8%

MOAT in the news

MOAT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.25%Last 12 months
Payout per share
$1.40Last 12 months
Last payment
$1.40 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.46; Dec 20, 2018 $0.74; Dec 23, 2019 $0.72; Dec 21, 2020 $0.90; Dec 20, 2021 $0.82; Dec 19, 2022 $0.81; Dec 18, 2023 $0.73; Dec 23, 2024 $1.27; Dec 22, 2025 $1.40. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.40
Dec 23, 2024Dec 24, 2024$1.27
Dec 18, 2023Dec 22, 2023$0.73
Dec 19, 2022Dec 23, 2022$0.81
Dec 20, 2021Dec 27, 2021$0.82
Dec 21, 2020Dec 28, 2020$0.90
Dec 23, 2019Dec 30, 2019$0.72
Dec 20, 2018Dec 27, 2018$0.74
Dec 18, 2017Dec 22, 2017$0.46
Dec 19, 2016Dec 23, 2016$0.41
Dec 21, 2015Dec 28, 2015$0.62
Dec 22, 2014Dec 29, 2014$0.42

See all 14 payments⁠

$10,000 in MOAT 10 years ago paid $2,526 in dividends.⁠

MOAT Risk

Risk pillarD31 out of 100Rank 77 of 99 in US Multifactor
How much the fund’s monthly returns vary, scaled to a year.
14.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.86
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.92
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MOAT Cost

Compare MOAT and VYM

Overpaying vs VYM, tied cheapest in US Multifactor

$8,381

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MOAT 0.46%

    $9,230

  • VYM 0.04% Tied cheapest

    $849

$10,000
30 years

Cost over time

  • MOAT 0.46%
  • VYM 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530MOAT $9,230VYM $849

Year by year

YearMOATVYMOverpaying
10$830$73$757
20$3,195$288$2,907
30$9,230$849$8,381

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