Data as of Oct 28, 2026.

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MOAT vs VTEB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MOAT returned +10.3% to VTEB's −0.4%; 0% 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 $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

At a glance
+10.3%
MOAT total return, 1 year
−0.4%
VTEB total return, 1 year
0.46%
MOAT expense ratio
0.03%
VTEB expense ratio

Pair scorecard

VTEB costs 0.43 points a year less; their one-year returns differ by 10.7 points.

MOAT vs VTEB: Differences, Returns & Fees
MeasureMOATVTEB
Return
Total return, 1 year+10.3%−0.4%
Drawdown
Below its high3.7%, high on Aug 27, 2026
Benchmark
What it tracksMorningstar Wide Moat Focus IndexS&P National AMT-Free Municipal Bond Index
Cost and size
Expense ratio0.46%0.03%
Net assets, MOAT as of Oct 27, 2026 and VTEB as of Sep 30, 2026$11.6bn$49.6bn
Holdings
Holdings in common0%
In the S&P 500, by weight92%
Top ten holdings, share of the fund26.5%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, MOAT and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MOAT VTEB
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%
Brown-Forman Corp 2.57%
Kenvue Inc 2.57%
Ge Healthcare Technologies Inc 2.55%
Only in VTEB
Vanguard Municipal Low Duration Fund 0.69%
State of California 0.15%
State of California 0.14%
New York State Dormitory Authority 0.13%
State of Illinois 0.12%
Ohio State University 0.12%
City of New York NY 0.10%
State of Wisconsin 0.10%
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Side by side

MOAT VanEck Morningstar Wide Moat ETF VTEB Vanguard Tax-Exempt Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the Morningstar Wide Moat Tracks an index of Tax-Exempt Bond
Total return, 1 year +10.3% −0.4%
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% 0.03%
Holdings 54 11155
Net assets, MOAT as of Oct 27, 2026 and VTEB as of Sep 30, 2026 $11.6bn $49.6bn

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

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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.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, MOAT or VTEB?
In the year to Oct 28, 2026, with distributions reinvested, MOAT returned +10.3% and VTEB −0.4%.
Which is cheaper, MOAT or VTEB?
VTEB 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.
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ETFIQ, MOAT against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/moat-vs-vteb

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