MOON vs. ARKK
Compare and contrast key facts about Direxion Moonshot Innovators ETF (MOON) and ARK Innovation ETF (ARKK).
MOON and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MOON is a passively managed fund by Direxion that tracks the performance of the S&P Kensho Moonshots Index. It was launched on Nov 12, 2020. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOON or ARKK.
Key characteristics
| MOON | ARKK |
|---|
Correlation
The correlation between MOON and ARKK is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MOON vs. ARKK - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MOON vs. ARKK - Expense Ratio Comparison
MOON has a 0.65% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
MOON vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and ARK Innovation ETF (ARKK). 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.
Dividends
MOON vs. ARKK - Dividend Comparison
Neither MOON nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOON Direxion Moonshot Innovators ETF | 100.82% | 1.41% | 0.00% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
MOON vs. ARKK - Drawdown Comparison
Volatility
MOON vs. ARKK - Volatility Comparison
The current volatility for Direxion Moonshot Innovators ETF (MOON) is 0.00%, while ARK Innovation ETF (ARKK) has a volatility of 13.71%. This indicates that MOON experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.