Recent discussion here decried the absence of online Category Kings on the WSJ site. Today the compilations appeared in the "Investing in Funds" monthly section, albeit with only 5 entries per category. Hiding at #2 in Multicap Core we find the Van Eck Morningstar Wide-Moat OEF, MWMZX. Don't rush out to buy it unless you have $1M or can avoid the restricted status. I wonder why it exists and why the WSJ can't do a better job of bringing us funds we can actually buy. The leading performing fund this month is a Fidelity fund almost no one can access. The Van Eck OEF appears to be a clone of the very successful MOAT ETF that I have mentioned here before. MOAT has outperformed the SPY over 3 and 5 year periods and it has also clocked the favorites of a couple of board members, DSEEX and DSENX over almost any time period.
I have not researched this comparison, but my conclusions are that the M* wide-moat strategy is by far the most successful of those affiliated with an investment publication. I looked at Barron's BFOR, the MotleyFool funds, the ValueLine funds, and Eddy Effenbien's Crossing Wall Street. There must be others I don't know of. The MOAT ETF strategy has spawned MOTI, DURA, and GOAT, although the latter three have not attracted many investors. I'd suggest the global GOAT to any member who is reeling from poor NCAA bracket choices. BTW, am I indeed the only MFO discussant to own MOAT? For the record, I also hold DSENX and CAPE.
Comments
DSENX
YTD 18.3
1Y 12.7
3Y 16.7
5Y 14.4
MOAT
YTD 15.9
1Y 16.2
3Y 17.8
5Y 11.9
Being curious about these noted investments, I've placed a chart next. I also added a SP1500 reference. The time frame of the chart is limited by inception dates, I presume. Also, Stockcharts reportedly includes all distributions.
Chart, Nov. 2013 to date
yeah, don't not post, please
... but when I graph $10k growth the last 3y for DSENX and MOAT I see only ~2.8% outperformance; how did you arrive at your ~83% figure??
http://quotes.morningstar.com/chart/etf/chart.action?t=MOAT&region=usa&&dataParams={"zoomKey":7,"version":"US","showNav":true,"mainSettingId":"main","navSettingId":"nav","benchmarkSettingId":"benchmark","sliderBgSettingId":"sliderBg","volumeSettingId":"volume","id":"F00000O2CJ|F00000QBC0","type":"FE|FO","region":"USA","name":"ARCX:MOAT|XNAS:DSENX","qsType":"USA:MOAT|F00000QBC0","baseCurrency":"USD","defaultBenchmarks":["$FOCA$LB$$|Large Blend|CA]FE","XIUSA04G92|S&P 500 TR USD|XI"],"hideDividendMenu":false,"startDay":"04/09/2016","endDay":"04/08/2019","chartWidth":955}
Very easy to do:
1) • type in your link title: VanEck Vectors Morningstar Wide Moat ETF
2) • use your mouse to "select" (highlight) that title.
3) • Go up to the top of your post where it says B, I, U,
S, etc. Go out to the next-to-last icon on that line- the one that looks sort of like a paramecium. Click on that gizmo.4) • A small box will appear. Just paste that horrendously long URL directly into that box.
5) • Now your Link title is colored blue, and looks like this: VanEck Vectors Morningstar Wide Moat ETF
See, you can be much cooler than that grumpy guy who posts all those links every day!
Something strange here.
3y $10k growth (not price) for DSENX is $10k to $15,893, 4/9/16 to 4/8.
Moat reached $16,332. Same period, from $10k.
I cannot understand your graph or how you got it, but it is marvelous.
Ah, ah, okay, yours is price. Wild that there is such a price delta even so. Never do price. I want to know only growth w reinvestments.
I noted, too; that the M* chart indicates price and NAV.
The M* function for "performance" is reported to include all distributions, as is the the case with Stockcharts. I did not attempt a performance compare at M*.
David mentioned the 3 year period for these two, which is linked next. The returns for this period are very close.
3 year chart of the two
Ben, OJ was very involved with writing a user guide and sorting out bugs with testing and related during the birth of MFO.
A site search indicates the word, paramecium; had previously never been used at this site in text discussion.
ADD: I've met two politicians in Michigan over the years who were not far evolved from a paramecium.
NOT for publication: I have a couple of pairs of very old Jocky boxer shorts with "paramecium" prints (really a Paisley pattern, I think). My favorites.
OJ
To see performance when comparing an ETF, or other investment vehicle that is traded throughout the day, with an OEF on M*, use the OEF as the starting chart, and then add the ETF/CEF/stock etc
Thank you for the M* chart procedure to display proper results when mixing OEF/ETF or CEF compares.
I don't use M* for charting, but nice to know their methods; and will benefit others here.
Regards,
Catch