MOON vs. KOMP
Compare and contrast key facts about Direxion Moonshot Innovators ETF (MOON) and SPDR S&P Kensho New Economies Composite ETF (KOMP).
MOON and KOMP 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. KOMP is a passively managed fund by State Street that tracks the performance of the S&P Kensho New Economies Composite Index. It was launched on Oct 22, 2018. Both MOON and KOMP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOON or KOMP.
Key characteristics
| MOON | KOMP |
|---|
Correlation
The correlation between MOON and KOMP is 0.88, 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. KOMP - 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. KOMP - Expense Ratio Comparison
MOON has a 0.65% expense ratio, which is higher than KOMP's 0.20% expense ratio.
Risk-Adjusted Performance
MOON vs. KOMP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and SPDR S&P Kensho New Economies Composite ETF (KOMP). 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. KOMP - Dividend Comparison
MOON has not paid dividends to shareholders, while KOMP's dividend yield for the trailing twelve months is around 1.04%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
MOON Direxion Moonshot Innovators ETF | 100.82% | 1.41% | 0.00% | 1.64% | 0.00% | 0.00% | 0.00% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.04% | 1.27% | 1.47% | 1.44% | 0.69% | 0.81% | 0.13% |
Drawdowns
MOON vs. KOMP - Drawdown Comparison
Volatility
MOON vs. KOMP - Volatility Comparison
The current volatility for Direxion Moonshot Innovators ETF (MOON) is 0.00%, while SPDR S&P Kensho New Economies Composite ETF (KOMP) has a volatility of 6.22%. This indicates that MOON experiences smaller price fluctuations and is considered to be less risky than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.