FDTX vs. MOON

Last updated Jun 24, 2026

FDTX (Fidelity Disruptive Technology ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds. FDTX is actively managed, while MOON is passively managed. At a 0.30 correlation, their price movements are largely independent. FDTX charges 0.50%/yr vs 0.65%/yr for MOON.

Performance

FDTX vs. MOON - Performance Comparison

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

Returns By Period

FDTX

• 1D: -4.76%
• 1M: 8.87%
• YTD: 35.95%
• 6M: 34.56%
• 1Y: 49.22%
• 3Y*: 30.00%
• 5Y*: —
• 10Y*: —

MOON

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

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

FDTX vs. MOON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDTX Fidelity Disruptive Technology ETF	35.95%	15.25%	23.99%	13.00%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	-7.95%

Correlation

The correlation between FDTX and MOON is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023	0.30

FDTX vs. MOON - Sectors Allocation Comparison

Sectors	FDTX	MOON
Technology	86.4%	42.4%
Communication Services	7.5%	9.3%
Consumer Cyclical	5.6%	11.9%
Industrials	0.5%	7.5%
Basic Materials	-	1.2%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.2%
Healthcare	-	23.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

FDTX vs. MOON — Risk / Return Rank

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

FDTX

FDTX Risk / Return Rank: 52
FDTX Sharpe Ratio Rank: 55
FDTX Sortino Ratio Rank: 49
FDTX Omega Ratio Rank: 51
FDTX Calmar Ratio Rank: 54
FDTX Martin Ratio Rank: 49

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.

FDTX vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) 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.

	FDTX	MOON	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	7.89	—	—

Drawdowns

Drawdown Indicators

	FDTX	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.23%	—	—
Current Drawdown Current decline from peak	-5.05%	—	—
Average Drawdown Average peak-to-trough decline	-5.50%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	—	—

Volatility

Volatility by Period

	FDTX	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.51%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.40%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.40%	—	—

FDTX vs. MOON - Expense Ratio Comparison

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

Dividends

FDTX vs. MOON - Dividend Comparison

Neither FDTX nor MOON has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FDTX Fidelity Disruptive Technology ETF	0.00%	0.00%	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

Can I hold both FDTX and MOON in my portfolio?

FDTX and MOON have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDTX or MOON?

On fees, FDTX 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, FDTX or MOON?

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

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

FDTX and MOON have nearly identical dividend yields, around 0.00%.

What is the main difference between FDTX and MOON?

They also come from different issuers: Fidelity and Direxion. Their fees differ too: 0.50% for FDTX and 0.65% for MOON.