ARTY vs. MOON

Last updated Jun 24, 2026

ARTY (iShares Future AI & Tech ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - ARTY tracks the Morningstar Global Artificial Intelligence Select Index (Net) while MOON tracks the S&P Kensho Moonshots Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. ARTY charges 0.47%/yr vs 0.65%/yr for MOON.

Performance

ARTY vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future AI & Tech ETF (ARTY) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARTY

• 1D: -6.30%
• 1M: 8.26%
• YTD: 54.55%
• 6M: 54.11%
• 1Y: 93.11%
• 3Y*: 33.04%
• 5Y*: 11.69%
• 10Y*: —

MOON

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

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

ARTY vs. MOON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARTY iShares Future AI & Tech ETF	54.55%	29.97%	8.02%	36.37%	-37.89%	6.32%	12.22%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	9.85%	-61.07%	-13.78%	26.82%

Correlation

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

ARTY vs. MOON - Sectors Allocation Comparison

Sectors	ARTY	MOON
Technology	89.8%	42.4%
Industrials	4.3%	7.5%
Communication Services	3.1%	9.3%
Utilities	1.3%	-
Real Estate	1.0%	-
Healthcare	0.5%	23.5%
Basic Materials	-	1.2%
Consumer Cyclical	-	11.9%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.2%

Return for Risk

ARTY vs. MOON — Risk / Return Rank

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

ARTY

ARTY Risk / Return Rank: 81
ARTY Sharpe Ratio Rank: 87
ARTY Sortino Ratio Rank: 71
ARTY Omega Ratio Rank: 75
ARTY Calmar Ratio Rank: 88
ARTY Martin Ratio Rank: 83

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.

ARTY vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future AI & Tech ETF (ARTY) 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.

	ARTY	MOON	Difference
Sharpe ratio: Return per unit of total volatility	2.74	—	—
Sortino ratio: Return per unit of downside risk	3.07	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	4.98	—	—
Martin ratio: Return relative to average drawdown	16.28	—	—

Drawdowns

Drawdown Indicators

	ARTY	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-54.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-18.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.53%	—	—
Current Drawdown Current decline from peak	-7.78%	—	—
Average Drawdown Average peak-to-trough decline	-19.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	—	—

Volatility

Volatility by Period

	ARTY	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.30%	—	—

ARTY vs. MOON - Expense Ratio Comparison

ARTY has a 0.47% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

ARTY vs. MOON - Dividend Comparison

ARTY's dividend yield for the trailing twelve months is around 0.06%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ARTY iShares Future AI & Tech ETF	0.06%	0.00%	0.50%	0.88%	0.75%	2.41%	0.53%	0.69%	0.34%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARTY and MOON in my portfolio?

ARTY 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, ARTY or MOON?

On fees, ARTY is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARTY or MOON?

ARTY is cheaper with a 0.47% expense ratio, compared with 0.65% for MOON.

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

ARTY has the higher dividend yield at 0.06%, compared with 0.00% for MOON.

What is the main difference between ARTY and MOON?

ARTY tracks Morningstar Global Artificial Intelligence Select Index (Net), while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.47% for ARTY and 0.65% for MOON.