MOAT vs PBUS: Holdings Overlap
MOATVanEck Morningstar Wide Moat ETF
VanEck · 57 holdings · $12.2B · as of 2026-03-31
Invesco · 537 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (MOAT: 2026-03-31, PBUS: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are MOAT and PBUS?
VanEck Morningstar Wide Moat ETF (MOAT, by VanEck) holds 57 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 54 holdings in common, and by portfolio weight the two funds are 14.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 54MOAT holds 57 · PBUS holds 537
- Weight in Shared Holdings
- MOAT 94%·PBUS 28%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in MOAT
3 of 57 positions (5.4% of the fund) are not held by PBUS.
Sector Breakdown
| Sector | MOAT | PBUS |
|---|---|---|
| Information Technology | 25.5% | 38.0% |
| Industrials | 19.3% | 8.5% |
| Consumer Staples | 18.3% | 4.4% |
| Health Care | 18.1% | 8.3% |
| Financials | 7.7% | 11.1% |
| Other Sectors | 11.1% | 29.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MOAT | +5.9% | +8.4% | +18.6% | +12.6% | +9.4% | +13.9% | 1.25% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in MOAT vs PBUS →
Shared Holdings(54)
The top 10 shared positions account for 73% of the overlap, led by NVDA, MSFT and AMZN.
 NVDANVIDIA Corp. | 2.50% | 7.77% | 2.50% |
|---|---|---|---|
 MSFTMicrosoft Corp. | 2.22% | 4.81% | 2.22% |
 AMZNAmazon.com, Inc. | 1.31% | 3.94% | 1.31% |
 AVGOBroadcom Inc. | 1.20% | 3.05% | 1.20% |
 METAMeta Platforms, Inc., Class A | 1.14% | 2.09% | 1.14% |
 ORCLOracle Corp. | 0.90% | 0.59% | 0.59% |
 AMATApplied Materials, Inc. | 1.35% | 0.54% | 0.54% |
 PANWPalo Alto Networks, Inc. | 1.30% | 0.34% | 0.34% |
 PEPPepsiCo, Inc. | 1.41% | 0.30% | 0.30% |
 TMOThermo Fisher Scientific Inc. | 1.29% | 0.28% | 0.28% |
 DISWalt Disney Co. (The) | 1.20% | 0.28% | 0.28% |
 BABoeing Co. (The) | 1.32% | 0.27% | 0.27% |
 CRMSalesforce, Inc. | 0.98% | 0.27% | 0.27% |
 SCHWCharles Schwab Corp. (The) | 1.34% | 0.22% | 0.22% |
 NOWServiceNow, Inc. | 0.83% | 0.20% | 0.20% |
 BMYBristol-Myers Squibb Co. | 2.90% | 0.18% | 0.18% |
 DHRDanaher Corp. | 2.39% | 0.18% | 0.18% |
 ADBEAdobe Inc. | 0.96% | 0.16% | 0.16% |
 FTNTFortinet, Inc. | 2.61% | 0.13% | 0.13% |
 BXBlackstone Inc., Class A | 1.40% | 0.13% | 0.13% |
 USBU.S. Bancorp | 1.34% | 0.13% | 0.13% |
 NXPINXP Semiconductors N.V. | 2.42% | 0.12% | 0.12% |
 MDLZMondelez International, Inc., Class A | 2.74% | 0.12% | 0.12% |
 UPSUnited Parcel Service, Inc., Class B | 1.41% | 0.12% | 0.12% |
 DDOGDatadog, Inc., Class A | 1.23% | 0.12% | 0.12% |
Frequently Asked Questions
How much do MOAT and PBUS overlap?
MOAT and PBUS overlap by 14.3% of portfolio weight. They share 54 holdings (MOAT holds 57 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MOAT and PBUS?
The two portfolios are 14.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of MOAT and PBUS?
The largest positions held by both funds are NVDA, MSFT, AMZN, AVGO and META. Together the top 10 shared positions account for 73% of the total overlap.
What does MOAT own that PBUS doesn't?
3 positions (5.4% of MOAT) are unique to MOAT, led by BF-B, HII and MKTX. In the other direction, 483 positions (72.0% of PBUS) are unique to PBUS.