Data as of Oct 28, 2026.

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MOAT vs NOBL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MOAT returned +10.3% to NOBL's +15.5%; 8% of their weight is in the same names.

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Net assets: $11.6bn on Oct 27, 2026 for VanEck Morningstar Wide Moat ETF, and $11.6bn on Oct 28, 2026 for ProShares S&P 500 Dividend Aristocrats ETF.

At a glance
+10.3%
MOAT total return, 1 year
+15.5%
NOBL total return, 1 year
0.46%
MOAT expense ratio
0.35%
NOBL expense ratio

Pair scorecard

NOBL costs 0.11 points a year less; their one-year returns differ by 5.2 points.

MOAT vs NOBL: Differences, Returns & Fees
MeasureMOATNOBL
Return
Total return, 1 year+10.3%+15.5%
Drawdown
Below its high3.7%, high on Aug 27, 2026
Benchmark
What it tracksMorningstar Wide Moat Focus IndexS&P 500 Dividend Aristocrats Index
Cost and size
Expense ratio0.46%0.35%
Net assets, as of Oct 27, 2026$11.6bn$11.7bn
Holdings
Holdings in common8%
Top ten holdings, share of the fund26.5%17.0%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Oct 18, 2013 to Oct 23, 2026 · 679 weekly returns
MOAT NOBL
Return
Total return edge MOAT +378.0% +264.8%
Annualized edge MOAT +12.7% +10.4%
Price return edge MOAT +303.5% +179.1%
Risk
Volatility edge NOBL 17.5% 15.4%
Max drawdown edge MOAT (slight) −30.8% −31.7%
Risk-adjusted
Sharpe edge MOAT 0.66 0.59
Sortino edge MOAT 0.97 0.84
Calmar edge MOAT 0.41 0.33
Reading

MOAT returned more: +378.0% to +264.8%. NOBL swung less: 15.4% to 17.5%. MOAT fell slightly less at its worst: −30.8% to −31.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: MOAT vs NOBL: Differences, Returns & Fees
MeasureMOATNOBLEdgeHow it is measured
Return
Total return+378.0%+264.8%MOATPrice change plus distributions, reinvested.
Annualized+12.7%+10.4%MOATTotal return as a yearly rate.
Price return+303.5%+179.1%MOATPrice change alone, distributions left out.
Risk
Volatility17.5%15.4%NOBLSpread of weekly returns, annualized. Lower is steadier.
Downside deviation11.9%10.8%NOBL (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−30.8%−31.7%MOAT (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.660.59MOATReturn above Treasury bills per unit of volatility.
Sortino0.970.84MOATReturn above Treasury bills per unit of downside deviation.
Calmar0.410.33MOATAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 679 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

8%

By the books each fund has filed, MOAT and NOBL hold 8% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

8% in common

Positions both hold · largest shared weight first MOAT NOBL
Brown-Forman Corp 2.57% 1.51%
Kenvue Inc 2.57% 1.42%
Mccormick & Co Inc 2.29% 1.28%
Clorox Co 2.20% 1.26%
Lowe's Cos Inc 1.20% 1.36%
Pepsico Inc 1.10% 1.38%
Only in one fund ↓
Only in MOAT
Danaher Corp 2.85%
Microsoft Corp 2.81%
Estee Lauder Cos Inc 2.78%
Tyler Technologies Inc 2.73%
Broadridge Financial Solutions Inc 2.65%
Ge Healthcare Technologies Inc 2.55%
Otis Worldwide Corp 2.53%
Zimmer Biomet Holdings Inc 2.49%
Only in NOBL
ROPER TECHNOLOGIES INC 1.81%
BECTON DICKINSON AND CO 1.78%
FACTSET RESEARCH SYSTEMS INC 1.77%
INTL BUSINESS MACHINES CORP 1.70%
AUTOMATIC DATA PROCESSING 1.69%
EMERSON ELECTRIC CO 1.67%
CHEVRON CORP 1.66%
ERIE INDEMNITY COMPANY-CL A 1.64%
Check overlap with more funds →

Side by side

MOAT VanEck Morningstar Wide Moat ETF NOBL ProShares S&P 500 Dividend Aristocrats ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Morningstar Wide Moat Tracks the S&P 500 Dividend Aristocrats
Total return, 1 year +10.3% +15.5%
Its benchmark over the same days +13.7% (VOO) not measured
Gap to its benchmark −3.4 pts vs VOO not measured
Expense ratio 0.46% 0.35%
Already in the S&P 500 91.6% 98.3%
Holdings 54 69
Net assets, MOAT as of Oct 27, 2026 and NOBL as of Oct 28, 2026 $11.6bn $11.6bn

MOAT and NOBL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-99DAE17B98

MOAT and NOBL do different jobs. What does each one do in a portfolio?

  1. What each follows. MOAT follows Morningstar Wide Moat Focus Index and NOBL follows S&P 500 Dividend Aristocrats Index.
  2. Holdings in common. 8% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 MOAT returned +10.3% and NOBL +15.5% with distributions reinvested, a gap of 5.2 points.

Data as of Oct 28, 2026.

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About each fund
MOAT

MOAT tracks the Morningstar Wide Moat. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.46% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 54 positions, with the top ten at 26.5%. It sat 3.7% below its high of Aug 27, 2026 on Oct 28, 2026.

NOBL

NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 17.0%.

Questions people ask

Which returned more over the last year, MOAT or NOBL?
In the year to Oct 28, 2026, with distributions reinvested, MOAT returned +10.3% and NOBL +15.5%.
Which is cheaper, MOAT or NOBL?
NOBL is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MOAT and NOBL overlap with the S&P 500?
By their latest filed holdings, 92% of MOAT and 98% of NOBL by weight is stocks the S&P 500 already holds.
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ETFIQ, MOAT against NOBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/moat-vs-nobl

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