MOON vs. FFUT

Last updated Jun 25, 2026

MOON (Direxion Moonshot Innovators ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - MOON is a Technology Equities fund tracking the S&P Kensho Moonshots Index, while FFUT is a Systematic Trend fund actively managed by Fidelity. MOON is passively managed, while FFUT is actively managed. MOON charges 0.65%/yr vs 0.80%/yr for FFUT.

Performance

MOON vs. FFUT - Performance Comparison

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

Returns By Period

MOON

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

FFUT

• 1D: -1.06%
• 1M: -3.71%
• YTD: 7.69%
• 6M: 8.36%
• 1Y: 17.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MOON vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%
FFUT Fidelity Managed Futures ETF	7.69%	8.58%

Return for Risk

MOON vs. FFUT — Risk / Return Rank

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

MOON

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

FFUT

FFUT Risk / Return Rank: 60
FFUT Sharpe Ratio Rank: 50
FFUT Sortino Ratio Rank: 50
FFUT Omega Ratio Rank: 52
FFUT Calmar Ratio Rank: 72
FFUT Martin Ratio Rank: 77

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. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and Fidelity Managed Futures ETF (FFUT). 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.

	MOON	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.26	—
Martin ratio: Return relative to average drawdown	—	13.04	—

Drawdowns

Drawdown Indicators

	MOON	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.34%	—
Current Drawdown Current decline from peak	—	-5.34%	—
Average Drawdown Average peak-to-trough decline	—	-0.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.33%	—

Volatility

Volatility by Period

	MOON	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.05%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.05%	—

MOON vs. FFUT - Expense Ratio Comparison

MOON has a 0.65% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

MOON vs. FFUT - Dividend Comparison

MOON has not paid dividends to shareholders, while FFUT's dividend yield for the trailing twelve months is around 1.94%.

Position	TTM	2025	2024	2023	2022	2021
FFUT Fidelity Managed Futures ETF	1.94%	2.09%	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 FFUT?

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 FFUT?

MOON is cheaper with a 0.65% expense ratio, compared with 0.80% for FFUT.

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

FFUT has the higher dividend yield at 1.94%, compared with 0.00% for MOON.

What is the main difference between MOON and FFUT?

MOON is categorized as Technology Equities, while FFUT is Systematic Trend. They also come from different issuers: Direxion and Fidelity. Their fees differ too: 0.65% for MOON and 0.80% for FFUT.