MOON vs. FEPI
Compare and contrast key facts about Direxion Moonshot Innovators ETF (MOON) and REX FANG & Innovation Equity Premium Income ETF (FEPI).
MOON and FEPI 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. FEPI is an actively managed fund by REX. It was launched on Oct 11, 2023.
Performance
MOON vs. FEPI - Performance Comparison
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MOON vs. FEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MOON Direxion Moonshot Innovators ETF | 0.00% | 0.00% | -8.56% | 12.74% |
FEPI REX FANG & Innovation Equity Premium Income ETF | -5.90% | 18.33% | 15.69% | 11.70% |
Returns By Period
MOON
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEPI
- 1D
- 1.39%
- 1M
- -1.29%
- YTD
- -5.90%
- 6M
- -3.02%
- 1Y
- 23.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MOON vs. FEPI - Expense Ratio Comparison
Both MOON and FEPI have an expense ratio of 0.65%.
Return for Risk
MOON vs. FEPI — Risk / Return Rank
MOON
FEPI
MOON vs. FEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and REX FANG & Innovation Equity Premium Income ETF (FEPI). 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.
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Sharpe Ratios by Period
| MOON | FEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.82 | — |
Correlation
The correlation between MOON and FEPI is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MOON vs. FEPI - Dividend Comparison
MOON has not paid dividends to shareholders, while FEPI's dividend yield for the trailing twelve months is around 28.20%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MOON Direxion Moonshot Innovators ETF | 0.00% | 0.00% | 0.62% | 1.41% | 0.00% | 1.64% |
FEPI REX FANG & Innovation Equity Premium Income ETF | 28.20% | 25.48% | 27.18% | 4.21% | 0.00% | 0.00% |
Drawdowns
MOON vs. FEPI - Drawdown Comparison
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Drawdown Indicators
| MOON | FEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -23.56% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.91% | — |
Current DrawdownCurrent decline from peak | — | -8.14% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.64% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.07% | — |
Volatility
MOON vs. FEPI - Volatility Comparison
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Volatility by Period
| MOON | FEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 21.95% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 19.40% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 19.40% | — |