MOON vs. SOXQ

Last updated Jun 5, 2026

MOON (Direxion Moonshot Innovators ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - MOON is a Technology Equities fund tracking the S&P Kensho Moonshots Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. At a 0.46 correlation, their price movements are largely independent. MOON charges 0.65%/yr vs 0.19%/yr for SOXQ.

Performance

MOON vs. SOXQ - Performance Comparison

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

Returns By Period

MOON

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

SOXQ

• 1D: -2.15%
• 1M: 24.08%
• YTD: 92.48%
• 6M: 89.00%
• 1Y: 171.59%
• 3Y*: 59.09%
• 5Y*: —
• 10Y*: —

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

MOON vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	9.85%	-61.07%	-28.82%
SOXQ Invesco PHLX Semiconductor ETF	92.48%	43.11%	20.16%	66.74%	-35.59%	24.82%

Correlation

The correlation between MOON and SOXQ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.46

The correlation between MOON and SOXQ shifts across timeframes, from 0.25 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.

MOON vs. SOXQ - Sectors Allocation Comparison

Sectors	MOON	SOXQ
Technology	42.4%	100.0%
Healthcare	23.5%	-
Consumer Cyclical	11.9%	-
Communication Services	9.3%	-
Industrials	7.5%	-
Financial Services	4.2%	0.0%
Basic Materials	1.2%	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MOON vs. SOXQ — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 96
SOXQ Sharpe Ratio Rank: 98
SOXQ Sortino Ratio Rank: 95
SOXQ Omega Ratio Rank: 94
SOXQ Calmar Ratio Rank: 97
SOXQ 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. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and Invesco PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.96	—

Drawdowns

Drawdown Indicators

	MOON	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-46.01%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Current Drawdown Current decline from peak	—	-2.15%	—
Average Drawdown Average peak-to-trough decline	—	-12.95%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.06%	—

Volatility

Volatility by Period

	MOON	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	33.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	36.38%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	36.38%	—

MOON vs. SOXQ - Expense Ratio Comparison

MOON has a 0.65% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

MOON vs. SOXQ - Dividend Comparison

MOON has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.26%.

Position	TTM	2025	2024	2023	2022	2021
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%
SOXQ Invesco PHLX Semiconductor ETF	0.26%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both MOON and SOXQ in my portfolio?

MOON and SOXQ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MOON or SOXQ?

On fees, SOXQ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MOON or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.65% for MOON.

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

SOXQ has the higher dividend yield at 0.26%, compared with 0.00% for MOON.

What is the main difference between MOON and SOXQ?

MOON is categorized as Technology Equities, while SOXQ is Semiconductors. MOON tracks S&P Kensho Moonshots Index, while SOXQ tracks PHLX Semiconductor Sector Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.65% for MOON and 0.19% for SOXQ.