MOAT vs SPY: Holdings Overlap
MOATVanEck Morningstar Wide Moat ETF
VanEck · 57 holdings · $12.2B · as of 2026-03-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (MOAT: 2026-03-31, SPY: 2026-08-06). 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 SPY?
VanEck Morningstar Wide Moat ETF (MOAT, by VanEck) holds 57 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 53 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
- 53MOAT holds 57 · SPY holds 504
- Weight in Shared Holdings
- MOAT 93%·SPY 29%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
4 of 57 positions (7.3% of the fund) are not held by SPY.
Only in SPY
451 of 504 positions (71.4% of the fund) are not held by MOAT. Showing the top 30 by weight.
Sector Breakdown
| Sector | MOAT | SPY |
|---|---|---|
| Information Technology | 25.5% | 37.6% |
| Industrials | 19.3% | 8.8% |
| Consumer Staples | 18.3% | 4.5% |
| Health Care | 18.1% | 8.9% |
| Financials | 7.7% | 12.3% |
| Other Sectors | 11.1% | 27.8% |
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(53)
The top 10 shared positions account for 73% of the overlap, led by NVDA, MSFT and AMZN.
 NVDANVIDIA Corp. COM | 2.50% | 8.00% | 2.50% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 2.22% | 5.60% | 2.22% |
 AMZNAmazon.com, Inc. COM | 1.31% | 4.02% | 1.31% |
 AVGOBroadcom Inc COM | 1.20% | 3.00% | 1.20% |
 METAMeta Platforms, Inc., Class A | 1.14% | 1.95% | 1.14% |
 AMATApplied Materials Inc. COM | 1.35% | 0.63% | 0.63% |
 PANWPalo Alto Networks Inc COM | 1.30% | 0.44% | 0.44% |
 ORCLOracle Corp. COM | 0.90% | 0.37% | 0.37% |
 TMOThermo Fisher Scientific Inc COM | 1.29% | 0.33% | 0.33% |
 PEPPepsico Inc COM | 1.41% | 0.29% | 0.29% |
 BABoeing Co. (The) | 1.32% | 0.28% | 0.28% |
 DISWalt Disney Company COM | 1.20% | 0.27% | 0.27% |
 SCHWThe Charles Schwab Corporation COM | 1.34% | 0.27% | 0.27% |
 CRMSalesforce Inc. COM | 0.98% | 0.23% | 0.23% |
 BMYBristol-Myers Squibb Company COM | 2.90% | 0.20% | 0.20% |
 DHRDanaher Corporation COM | 2.39% | 0.19% | 0.19% |
 NOWServicenow Inc COM | 0.83% | 0.18% | 0.18% |
 ADBEAdobe Inc COM | 0.96% | 0.16% | 0.16% |
 FTNTFortinet Inc COM | 2.61% | 0.15% | 0.15% |
 BXBlackstone Inc., Class A | 1.40% | 0.15% | 0.15% |
 USBU.S. Bancorp. COM NEW | 1.34% | 0.15% | 0.15% |
 MDLZMondelez International, Inc., Class A | 2.74% | 0.12% | 0.12% |
 MSIMotorola Solutions Inc COM NEW | 1.57% | 0.12% | 0.12% |
 UPSUnited Parcel Service, Inc., Class B | 1.41% | 0.12% | 0.12% |
 DDOGDatadog, Inc., Class A | 1.23% | 0.11% | 0.11% |
Frequently Asked Questions
How much do MOAT and SPY overlap?
MOAT and SPY overlap by 14.3% of portfolio weight. They share 53 holdings (MOAT holds 57 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MOAT and SPY?
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 SPY?
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 SPY doesn't?
4 positions (7.3% of MOAT) are unique to MOAT, led by LPLA, TRU and ENTG. In the other direction, 451 positions (71.4% of SPY) are unique to SPY.