Is MOAT a good investment?

VanEck Morningstar Wide Moat ETF (MOAT) is a momentum-factor ETF. As of September 11, 2026, ETF Copilot scores MOAT 6.1 out of 10 — highest on Growth (7.0), lowest on Valuation (4.8). It trades at 23.9 times earnings, against its own median of 21.6. Its ten largest holdings are 27% of the fund.

Updated September 11, 2026

How is MOAT rated? ETF Copilot scores VanEck Morningstar Wide Moat ETF (MOAT) 6.1 out of 10

As of September 11, 2026, ETF Copilot scores VanEck Morningstar Wide Moat ETF (MOAT) 6.1 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 6.1 / 10
Growth: 7.0 / 10
Valuation: 4.8 / 10
Risk: 6.9 / 10
Quality: 6.4 / 10
Return: 5.2 / 10

What is MOAT's expense ratio? 0.46% a year

As of September 11, 2026, MOAT charges 0.46% a year, yields 1.31% and holds $11.8B in assets across 55 positions.

VanEck Morningstar Wide Moat ETF (MOAT) — cost, income and size
Measure	MOAT
Expense ratio	0.46%
Dividend yield	1.31%
Assets under management	$11.8B
Holdings	55

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in MOAT's data

Holds U.S. companies with durable competitive advantages.

Trades at a richer price than its own history — the market is paying more for the same moats.

Its trailing EBITDA multiple of 17.0x is above the 15.6x category median and its own 14.6x historical median, meaning it trades at a premium to typical peers and its own past.

Offers a focused exposure to U.S. companies with long-term competitive strengths.

Why did MOAT move this week? It fell 4.2% in the week to September 11, 2026 — Guidewire Software and Tyler Technologies drove it

MOAT fell 4.2% in the week to September 11, 2026. The holdings that moved it most were Guidewire Software (−30.5%), Tyler Technologies (−11.2%) and Veeva Systems (−7.7%); Entegris (+7.4%) pushed the other way.

Is MOAT expensive right now? It trades at 23.9 times earnings, against its own median of 21.6

As of September 11, 2026, MOAT is more expensive than 71% of its own 114 monthly readings since 2017 — 81 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside MOAT? 31% Tech

What's inside MOAT: Size (Large 59%, Mid 40%, Small 1%); Geography (International 4%, US 96%); Tech 31.3%; Magnificent 7 8.0%; AI 11.5%; Semiconductors 8.7%; Memory 5.6%.

What are MOAT's top holdings? The ten largest are 27% of the fund

Veeva Systems, Airbnb, Microsoft, The Charles Schwab, LPL Financial, Bristol-Myers Squibb, Nvidia, Estee Lauder, Danaher and Mondelez International are MOAT's largest holdings, in that order.

More concentrated than 55% of Single Factor - Momentum & Other ETFs.

Half of MOAT's weight sits in its 20 largest positions, and once those weights are taken into account it behaves like 49 equally weighted holdings.

Cite this

ETF Copilot, “VanEck Morningstar Wide Moat ETF (MOAT) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/moat