Data as of Oct 28, 2026.
MOAT vs SPMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, MOAT returned +10.3% to SPMO's +18.4%; 4% of their weight is in the same names.
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Net assets on Oct 27, 2026: $11.6bn for VanEck Morningstar Wide Moat ETF and $22.3bn for Invesco S&P 500 Momentum ETF.
Pair scorecard
SPMO costs 0.33 points a year less; their one-year returns differ by 8.1 points; SPMO is 1.9 times larger.
| Measure | MOAT | SPMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.3% | +18.4% |
| Drawdown | ||
| Below its high | 3.7%, high on Aug 27, 2026 | 10.2%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | Morningstar Wide Moat Focus Index | S&P 500 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.46% | 0.13% |
| Net assets, as of Oct 27, 2026 | $11.6bn | $22.3bn |
| Holdings | ||
| Holdings in common | 4% | |
| Top ten holdings, share of the fund | 26.5% | 50.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2015 to Oct 23, 2026 · 574 weekly returns · each against VOOSPMO returned more: +519.8% to +329.6%. MOAT swung slightly less: 18.2% to 19.0%. SPMO fell slightly less at its worst: −28.3% to −30.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | MOAT | SPMO | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +329.6% | +519.8% | SPMO | Price change plus distributions, reinvested. | |
| Annualized | +14.1% | +18.0% | SPMO | Total return as a yearly rate. | |
| Price return | +270.4% | +442.9% | SPMO | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 18.2% | 19.0% | MOAT (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 12.4% | 12.6% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −30.8% | −28.3% | SPMO (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 100.3% | 98.9% | 100.0% | Tie | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.6% | 93.8% | 100.0% | SPMO (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 0.98 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.82 | 0.74 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.69 | 0.84 | SPMO | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.01 | 1.27 | SPMO | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.127 | 0.164 | 0.126 | SPMO | Return above Treasury bills per unit of beta. |
| Calmar | 0.46 | 0.63 | SPMO | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | +0.2% a year | +3.8% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.08 | 1.28 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −4.4% to +4.7% | −2.0% to +9.5% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.00 | 0.36 | SPMO | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.7% | 9.7% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 574 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MOAT and SPMO hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
4% in common
Only in one fund ↓
Side by side
MOAT and SPMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MOAT and SPMO do different jobs. What does each one do in a portfolio?
- What each follows. MOAT follows Morningstar Wide Moat Focus Index and SPMO follows S&P 500 Momentum Index.
- Holdings in common. 4% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MOAT returned +10.3% and SPMO +18.4% with distributions reinvested, a gap of 8.1 points.
Data as of Oct 28, 2026.
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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.
SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, MOAT or SPMO?
- In the year to Oct 28, 2026, with distributions reinvested, MOAT returned +10.3% and SPMO +18.4%.
- Which is cheaper, MOAT or SPMO?
- SPMO is cheaper, by 0.33 percentage points a year. That is about $33 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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 SPMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/moat-vs-spmo
ETFIQ. (Oct 28, 2026). MOAT against SPMO. Retrieved from https://etfiq.com/compare/any/moat-vs-spmo
[MOAT against SPMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/moat-vs-spmo)
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