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ETFs

Direxion Moonshot Innovators ETF

MOON
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 12 2020
Expense Ratio
0.65%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$102,909
AUM
$27,588,079
Associated Index
S&P Kensho Moonshots Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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ROIV
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Invest with MOON

What is MOON?

The Direxion Moonshot Innovators ETF offers exposure to the 50 most innovate US companies at the forefront of changing our lives today, and tomorrow, by identifying the companies both pursuing innovation, and having the potential to disrupt existing technologies and/or industries. These 50 companies selected for inclusion are deemed to have the highest early-stage composite innovation scores and the they span themes and emerging sectors such as smart transportation, clean power, and the human evolution. The early stage composite score is based on a company s allocation to innovation and innovation sentiment score.

ETFs related toMOON

ETFs correlated to MOON include ARKK, TARK, KOMP

MOON
Direxion Shares ETF Trust - Direxion Moonshot Innovators ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMOON

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with MOON using Composer

FAQ

MOON is a US Equities ETF. The Direxion Moonshot Innovators ETF offers exposure to the 50 most innovate US companies at the forefront of changing our lives today, and tomorrow, by identifying the companies both pursuing innovation, and having the potential to disrupt existing technologies and/or industries. These 50 companies selected for inclusion are deemed to have the highest early-stage composite innovation scores and the they span themes and emerging sectors such as smart transportation, clean power, and the human evolution. The early stage composite score is based on a company s allocation to innovation and innovation sentiment score.

MOON tracks the S&P Kensho Moonshots Index.

No, MOON is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MOON is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MOON is -0.0935%. This is the percent change in the value of MOON over the most recent 1-month period. The 3-month return on MOON is -0.1119%. This is the percent change in the value of MOON over the most recent 3-month period.

The standard deviation of MOON for the past year is 0.4378%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MOON include SPHQ, DSI, and QUAL.

ETFs correlated to MOON include ARKK, TARK, and KOMP.

ETFs that are inversely correlated to MOON include SARK, HDGE, and HIBS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.