FTEC vs. MOON

Last updated Jun 24, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - FTEC tracks the MSCI USA IMI Information Technology 25/50 Index while MOON tracks the S&P Kensho Moonshots Index. Both are passively managed. At a 0.14 correlation, their price movements are largely independent. FTEC charges 0.08%/yr vs 0.65%/yr for MOON.

Performance

FTEC vs. MOON - Performance Comparison

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

Returns By Period

FTEC

• 1D: -3.70%
• 1M: 0.35%
• YTD: 23.56%
• 6M: 21.69%
• 1Y: 47.58%
• 3Y*: 30.58%
• 5Y*: 19.77%
• 10Y*: 25.28%

MOON

• 1D: -5.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTEC vs. MOON - Yearly Performance Comparison

	2026 (YTD)
FTEC Fidelity MSCI Information Technology Index ETF	0.73%
MOON Direxion Moonshot Innovators ETF	-15.19%

Correlation

The correlation between FTEC and MOON is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	0.14

FTEC vs. MOON - Sectors Allocation Comparison

Sectors	FTEC	MOON
Technology	98.3%	42.4%
Industrials	0.6%	7.5%
Financial Services	0.6%	4.2%
Energy	0.3%	-
Communication Services	0.0%	9.3%
Consumer Cyclical	0.0%	11.9%
Basic Materials	0.0%	1.2%
Consumer Defensive	-	-
Healthcare	-	23.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

FTEC vs. MOON — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

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.

FTEC vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.

	FTEC	MOON	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.94	—	—
Martin ratio: Return relative to average drawdown	9.03	—	—

Drawdowns

FTEC vs. MOON - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, which is greater than MOON's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for FTEC and MOON.

Drawdown Indicators

	FTEC	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-15.19%	-19.76%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	—	—
Current Drawdown Current decline from peak	-7.72%	-15.19%	+7.47%
Average Drawdown Average peak-to-trough decline	-5.57%	-10.52%	+4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	—	—

Volatility

Volatility by Period

	FTEC	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	13.68%	+9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.60%	13.68%	+11.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.86%	13.68%	+11.18%

FTEC vs. MOON - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

FTEC vs. MOON - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.36%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTEC and MOON in my portfolio?

FTEC and MOON have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTEC or MOON?

On fees, FTEC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTEC or MOON?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.65% for MOON.

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

FTEC has the higher dividend yield at 0.36%, compared with 0.00% for MOON.

What is the main difference between FTEC and MOON?

FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: Fidelity and Direxion. Their fees differ too: 0.08% for FTEC and 0.65% for MOON.