MOAT vs SPMD: Differences, Returns & Fees
MOAT and SPMD hold 1% of their weight in the same names, and SPMD returned +13.5% over the year. Net assets: $11.6bn on Oct 19, 2026 for VanEck Morningstar Wide Moat ETF, and $18.4bn on Oct 20, 2026 for State Street SPDR Portfolio S&P 400 Mid Cap ETF.
SPMD costs 0.43 points a year less; their one-year returns differ by 1.9 points; SPMD is 1.6 times larger.
| MOAT | SPMD | |
|---|---|---|
| Expense ratio | 0.46% | 0.03% |
| Net assets | $11.8bn | $18.4bn |
| Total return, 1 year | +11.6% | +13.5% |
| What it tracks | Morningstar Wide Moat Focus Index | S&P MidCap 400 Index |
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 26.6% | 7.1% |
| Below its high | 6.8%, high on Aug 14, 2026 | |
Holdings in common uses holdings dated Oct 19, 2026.
MOAT and SPMD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. MOAT follows Morningstar Wide Moat Focus Index and SPMD follows S&P MidCap 400 Index.
- Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 19, 2026).
- Number of holdings. MOAT holds 54 positions and SPMD holds 401.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, MOAT and SPMD hold 1% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
1% in common
On the same fields
MOAT and SPMD on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About MOAT
MOAT tracks the Morningstar Wide Moat. Over the year to Oct 20, 2026 it returned +11.6% with distributions reinvested, against +15.9% 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 19, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 54 positions, with the top ten at 26.6%.
About SPMD
SPMD tracks an index. Over the year to Oct 20, 2026 it returned +13.5% with distributions reinvested, against +13.4% for its benchmark, the S&P MidCap 400 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.1%. It sat 6.8% below its high of Aug 14, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, MOAT or SPMD?
- In the year to Oct 20, 2026, with distributions reinvested, MOAT returned +11.6% and SPMD +13.5%.
- Which is cheaper, MOAT or SPMD?
- SPMD is cheaper, by 0.43 percentage points a year. That is about $43 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, MOAT against SPMD, data as of Oct 20, 2026. https://etfiq.com/compare/any/moat-vs-spmd
ETFIQ. (Oct 20, 2026). MOAT against SPMD. Retrieved from https://etfiq.com/compare/any/moat-vs-spmd
[MOAT against SPMD (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/moat-vs-spmd)
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