Moiré engineering in two-dimensional van der Waals bilayer crystals has emerged as a flexible platform for controlling strongly correlated electron systems. The competition between valleys for the band extremum energy position in the parent layers is crucial in deciding the qualitative nature of the moiré Hamiltonian since it controls the physics of the moiré minibands. Here we use density functional theory to examine the competition between K and for the valence band maximum in homo- and hetero-bilayers formed from the transition metal dichalcogenides (TMD), MX{_2} where M=Mo,W and X=S,Se,Te. We shed light on how the competition is influenced by interlayer separation, which can be modified by applying pressure, by external gate-defined electric fields, and by transition metal atom d-orbital correlations. Our findings are related to several recent experiments, and contribute to the development of design rules for moiré materials.

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