DVXK vs. MOON

Last updated Jun 25, 2026

DVXK (WEBs Technology XLK Defined Volatility ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - DVXK tracks the Syntax Defined Volatility XLK Index while MOON tracks the S&P Kensho Moonshots Index. Both are passively managed. DVXK charges 0.89%/yr vs 0.65%/yr for MOON.

Performance

DVXK vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Technology XLK Defined Volatility ETF (DVXK) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DVXK

• 1D: -0.62%
• 1M: 1.58%
• YTD: 30.18%
• 6M: 26.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MOON

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

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

DVXK vs. MOON - Yearly Performance Comparison

	2026 (YTD)	2025
DVXK WEBs Technology XLK Defined Volatility ETF	30.18%	16.30%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%

Return for Risk

DVXK vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Technology XLK Defined Volatility ETF (DVXK) 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.

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

Drawdowns

Drawdown Indicators

	DVXK	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-24.08%	—	—
Current Drawdown Current decline from peak	-9.98%	—	—
Average Drawdown Average peak-to-trough decline	-6.82%	—	—

Volatility

Volatility by Period

	DVXK	MOON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.30%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.30%	—	—

DVXK vs. MOON - Expense Ratio Comparison

DVXK has a 0.89% expense ratio, which is higher than MOON's 0.65% expense ratio.

Dividends

DVXK vs. MOON - Dividend Comparison

DVXK's dividend yield for the trailing twelve months is around 2.55%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
DVXK WEBs Technology XLK Defined Volatility ETF	2.55%	3.32%	0.00%	0.00%	0.00%	0.00%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%

Frequently Asked Questions

Which ETF is better, DVXK or MOON?

On fees, MOON is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXK or MOON?

MOON is cheaper with a 0.65% expense ratio, compared with 0.89% for DVXK.

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

DVXK has the higher dividend yield at 2.55%, compared with 0.00% for MOON.

What is the main difference between DVXK and MOON?

DVXK tracks Syntax Defined Volatility XLK Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: WEBs and Direxion. Their fees differ too: 0.89% for DVXK and 0.65% for MOON.