VanEck MOAT ETF dips 7% in 2026 but holds strong long-term gains amid rate pressures.

VanEck Morningstar Wide Moat ETF (MOAT) has fallen about 7% in early 2026 but still shows a 9% gain over the past year and 259% over the past decade. The fund invests in companies with durable competitive advantages trading below fair value, focusing on quality at a discount. Rising 10-year Treasury yields have pressured valuations, especially for debt-heavy holdings like UPS and Bristol Myers Squibb. MOAT’s quarterly rebalancing, driven by Morningstar’s fair value estimates, may lead to significant portfolio changes depending on company performance and valuation shifts. Investors should watch Federal Reserve signals and upcoming earnings events for potential impacts on the fund’s outlook.