Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MOAT vs SPY: how they differ
MOAT and SPY hold 15% of their weight in the same names, and SPY returned more over the year.
VanEck Morningstar Wide Moat ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, MOAT and SPY hold 15% of their money in the same securities at the same weight.
| Holding | MOAT | SPY |
|---|---|---|
| NVIDIA Corp | 2.45% | 7.52% |
| Broadcom Inc | 2.43% | 2.77% |
| Microsoft Corp | 2.20% | 4.30% |
| Amazon.com Inc | 1.33% | 3.62% |
| Meta Platforms Inc | 1.17% | 1.92% |
| Applied Materials Inc | 2.34% | 0.89% |
| Palo Alto Networks Inc | 2.51% | 0.43% |
| Amphenol Corp | 1.50% | 0.34% |
| Thermo Fisher Scientific Inc | 1.18% | 0.29% |
| PepsiCo Inc | 1.17% | 0.29% |
| Walt Disney Co/The | 1.19% | 0.26% |
| Charles Schwab Corp/The | 2.45% | 0.23% |
| Only in MOAT | Only in SPY |
|---|---|
| LPL Financial Holdings Inc 2.30% | Apple, Inc. 6.59% |
| Entegris Inc 1.73% | Alphabet, Inc. 3.25% |
| MercadoLibre Inc 1.28% | Alphabet, Inc. 2.59% |
| Guidewire Software Inc 1.18% | Micron Technology, Inc. 2.02% |
| TransUnion 1.16% | Tesla, Inc. 1.84% |
| MarketAxess Holdings Inc 0.73% | Eli Lilly & Co. 1.47% |
| Advanced Micro Devices, Inc. 1.47% | |
| Berkshire Hathaway, Inc. 1.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
| MOAT VanEck Morningstar Wide Moat ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | VanEck | State Street |
| What it is | Morningstar Wide Moat | S&P 500, book from IVV |
| Total return, 1 year | +11.3% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −6.2 pts | 0.0 pts |
| Expense ratio | 0.46% | 0.09% |
| Already in the S&P 500 | 91.6% | 100.0% |
| Holdings | 55 | 504 |
MOAT in plain words
MOAT is an index equity fund tracking the Morningstar Wide Moat. Over the year to Sep 11, 2026 it returned +11.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.46% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 55 positions, with the top ten at 25.3%. It sat 5.7% below its high of Aug 27, 2026 on Sep 11, 2026.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, MOAT or SPY?
- In the year to Sep 12, 2026, with distributions reinvested, MOAT returned +11.3% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MOAT or SPY?
- MOAT charges 0.46% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- How much do MOAT and SPY overlap with the S&P 500?
- By their latest filed holdings, 92% of MOAT and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 15% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MOAT against SPY, data as of Sep 12, 2026. https://etfiq.com/compare/any/MOAT-SPY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources