EBIZ vs. MOON

Last updated Jun 4, 2026

EBIZ (Global X E-commerce ETF) and MOON (Direxion Moonshot Innovators ETF) are both exchange-traded funds - EBIZ is a Consumer Discretionary Equities fund tracking the Solactive E-commerce Index, while MOON is a Technology Equities fund tracking the S&P Kensho Moonshots Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. EBIZ charges 0.50%/yr vs 0.65%/yr for MOON.

Performance

EBIZ vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X E-commerce ETF (EBIZ) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EBIZ

• 1D: -2.05%
• 1M: -2.71%
• YTD: -15.29%
• 6M: -15.50%
• 1Y: -8.74%
• 3Y*: 17.16%
• 5Y*: -3.65%
• 10Y*: —

MOON

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

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

EBIZ vs. MOON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EBIZ Global X E-commerce ETF	-15.29%	17.74%	31.26%	30.88%	-40.96%	-13.26%	11.57%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	9.85%	-61.07%	-13.78%	24.70%

Correlation

The correlation between EBIZ and MOON is 0.64, 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	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020	0.64

The correlation between EBIZ and MOON shifts across timeframes, from 0.40 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.

EBIZ vs. MOON - Sectors Allocation Comparison

Sectors	EBIZ	MOON
Consumer Cyclical	75.6%	11.9%
Technology	13.2%	42.4%
Industrials	4.6%	7.5%
Real Estate	2.6%	-
Healthcare	2.1%	23.5%
Communication Services	1.6%	9.3%
Financial Services	0.3%	4.2%
Basic Materials	-	1.2%
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

EBIZ vs. MOON — Risk / Return Rank

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

EBIZ

EBIZ Risk / Return Rank: 5
EBIZ Sharpe Ratio Rank: 5
EBIZ Sortino Ratio Rank: 5
EBIZ Omega Ratio Rank: 5
EBIZ Calmar Ratio Rank: 6
EBIZ Martin Ratio Rank: 6

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.

EBIZ vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce ETF (EBIZ) 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.

	EBIZ	MOON	Difference
Sharpe ratio Return per unit of total volatility	-0.44	—	—
Sortino ratio Return per unit of downside risk	-0.49	—	—
Omega ratio Gain probability vs. loss probability	0.94	—	—
Calmar ratio Return relative to maximum drawdown	-0.32	—	—
Martin ratio Return relative to average drawdown	-0.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EBIZ	MOON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	—	—

Drawdowns

Drawdown Indicators

	EBIZ	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-61.58%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-27.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.21%	—	—
Current Drawdown Current decline from peak	-25.77%	—	—
Average Drawdown Average peak-to-trough decline	-24.33%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.41%	—	—

Volatility

Volatility by Period

	EBIZ	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.90%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	—	—

EBIZ vs. MOON - Expense Ratio Comparison

EBIZ has a 0.50% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

EBIZ vs. MOON - Dividend Comparison

EBIZ's dividend yield for the trailing twelve months is around 0.60%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EBIZ Global X E-commerce ETF	0.60%	0.51%	0.23%	0.00%	0.10%	0.57%	0.84%	0.18%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EBIZ and MOON in my portfolio?

EBIZ and MOON have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EBIZ or MOON?

On fees, EBIZ is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EBIZ or MOON?

EBIZ is cheaper with a 0.50% expense ratio, compared with 0.65% for MOON.

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

EBIZ has the higher dividend yield at 0.60%, compared with 0.00% for MOON.

What is the main difference between EBIZ and MOON?

EBIZ is categorized as Consumer Discretionary Equities, while MOON is Technology Equities. EBIZ tracks Solactive E-commerce Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: Global X and Direxion. Their fees differ too: 0.50% for EBIZ and 0.65% for MOON.