AIVC vs. MOON

Last updated Jun 24, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - AIVC tracks the Bloomberg AI Value Chain Index while MOON tracks the S&P Kensho Moonshots Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. AIVC charges 0.59%/yr vs 0.65%/yr for MOON.

Performance

AIVC vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AIVC

• 1D: -4.78%
• 1M: 7.56%
• YTD: 66.45%
• 6M: 65.87%
• 1Y: 125.43%
• 3Y*: 48.25%
• 5Y*: 16.85%
• 10Y*: 16.72%

MOON

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVC vs. MOON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AIVC Amplify Bloomberg AI Value Chain ETF	66.45%	39.94%	18.22%	39.28%	-38.91%	-7.23%	18.82%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	9.85%	-61.07%	-13.78%	26.82%

Correlation

The correlation between AIVC and MOON is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Nov 12, 2020	0.62

The correlation between AIVC and MOON shifts across timeframes, from 0.36 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.

AIVC vs. MOON - Sectors Allocation Comparison

Sectors	AIVC	MOON
Technology	91.8%	42.4%
Communication Services	4.8%	9.3%
Consumer Cyclical	2.9%	11.9%
Financial Services	0.4%	4.2%
Basic Materials	-	1.2%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	23.5%
Industrials	-	7.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

AIVC vs. MOON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVC

AIVC Risk / Return Rank: 94
AIVC Sharpe Ratio Rank: 96
AIVC Sortino Ratio Rank: 91
AIVC Omega Ratio Rank: 91
AIVC Calmar Ratio Rank: 96
AIVC Martin Ratio Rank: 95

MOON

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVC vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and Direxion Moonshot Innovators ETF (MOON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIVC	MOON	Difference
Sharpe ratio: Return per unit of total volatility	3.91	—	—
Sortino ratio: Return per unit of downside risk	4.06	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	8.94	—	—
Martin ratio: Return relative to average drawdown	27.60	—	—

Drawdowns

Drawdown Indicators

	AIVC	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	—	—
Current Drawdown Current decline from peak	-8.48%	—	—
Average Drawdown Average peak-to-trough decline	-16.38%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	—	—

Volatility

Volatility by Period

	AIVC	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.28%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.73%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	—	—

AIVC vs. MOON - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

AIVC vs. MOON - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.10%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIVC Amplify Bloomberg AI Value Chain ETF	0.10%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIVC and MOON in my portfolio?

AIVC and MOON have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIVC or MOON?

On fees, AIVC is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIVC or MOON?

AIVC is cheaper with a 0.59% expense ratio, compared with 0.65% for MOON.

Which ETF pays a higher dividend yield, AIVC or MOON?

AIVC has the higher dividend yield at 0.10%, compared with 0.00% for MOON.

What is the main difference between AIVC and MOON?

AIVC tracks Bloomberg AI Value Chain Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: Amplify and Direxion. Their fees differ too: 0.59% for AIVC and 0.65% for MOON.