MOON vs. SOXS

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Moonshot Innovators ETF (MOON) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).

MOON and SOXS 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. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. Both MOON and SOXS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MOON vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Moonshot Innovators ETF (MOON) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

MOON vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	9.85%	-61.07%	-13.78%	24.70%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-41.64%	-85.53%	-59.55%	-84.56%	15.76%	-80.94%	-32.81%

Returns By Period

MOON

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

SOXS

• 1D: -9.03%
• 1M: 2.04%
• YTD: -41.64%
• 6M: -62.23%
• 1Y: -93.50%
• 3Y*: -76.69%
• 5Y*: -70.08%
• 10Y*: -74.65%

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

MOON vs. SOXS - Expense Ratio Comparison

MOON has a 0.65% expense ratio, which is lower than SOXS's 1.08% expense ratio.

SOXS

Direxion Daily Semiconductor Bear 3x Shares

MOON

Direxion Moonshot Innovators ETF

Return for Risk

MOON vs. SOXS — Risk / Return Rank

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

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 1
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 3

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. SOXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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	SOXS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.76	—

Correlation

The correlation between MOON and SOXS is -0.48. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MOON vs. SOXS - Dividend Comparison

MOON has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 9.25%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%	0.00%	0.00%	0.00%
SOXS Direxion Daily Semiconductor Bear 3x Shares	9.25%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Drawdowns

Drawdown Indicators

	MOON	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	—	-100.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-96.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	—	-100.00%	—
Average Drawdown Average peak-to-trough decline	—	-92.53%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	85.61%	—

Volatility

Volatility by Period

	MOON	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	39.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	79.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	120.15%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	106.42%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	99.19%	—