MOON vs. AIS

Last updated Jun 4, 2026

MOON (Direxion Moonshot Innovators ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both Technology Equities funds. MOON is passively managed, while AIS is actively managed. MOON charges 0.65%/yr vs 0.75%/yr for AIS.

Performance

MOON vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Moonshot Innovators ETF (MOON) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MOON

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

AIS

• 1D: -2.81%
• 1M: 25.92%
• YTD: 112.47%
• 6M: 116.72%
• 1Y: 213.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MOON vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.00%
AIS VistaShares Artificial Intelligence Supercycle ETF	112.47%	58.35%	-4.92%

MOON vs. AIS - Sectors Allocation Comparison

Sectors	MOON	AIS
Technology	42.4%	84.6%
Healthcare	23.5%	-
Consumer Cyclical	11.9%	-
Communication Services	9.3%	-
Industrials	7.5%	8.9%
Financial Services	4.2%	-0.0%
Basic Materials	1.2%	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	3.2%

Return for Risk

MOON vs. AIS — Risk / Return Rank

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

AIS

AIS Risk / Return Rank: 97
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 96
AIS Omega Ratio Rank: 96
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

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.

MOON vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.

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

Sharpe Ratios by Period

	MOON	AIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	3.11	—

Drawdowns

Drawdown Indicators

	MOON	AIS	Difference
Max Drawdown Largest peak-to-trough decline	—	-32.78%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.84%	—
Current Drawdown Current decline from peak	—	-2.81%	—
Average Drawdown Average peak-to-trough decline	—	-5.44%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.81%	—

Volatility

Volatility by Period

	MOON	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	36.13%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	38.08%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	38.08%	—

MOON vs. AIS - Expense Ratio Comparison

MOON has a 0.65% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

MOON vs. AIS - Dividend Comparison

Neither MOON nor AIS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AIS VistaShares Artificial Intelligence Supercycle 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

Which ETF is better, MOON or AIS?

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, MOON or AIS?

MOON is cheaper with a 0.65% expense ratio, compared with 0.75% for AIS.

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

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

What is the main difference between MOON and AIS?

They also come from different issuers: Direxion and VistaShares. Their fees differ too: 0.65% for MOON and 0.75% for AIS.