MOON vs. TCAI

Last updated Jun 4, 2026

MOON (Direxion Moonshot Innovators ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. MOON is passively managed, while TCAI is actively managed. Both charge a 0.65% expense ratio.

Performance

MOON vs. TCAI - Performance Comparison

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

Returns By Period

MOON

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

TCAI

• 1D: -0.27%
• 1M: 19.58%
• YTD: 89.63%
• 6M: 85.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MOON vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%
TCAI Tortoise AI Infrastructure ETF	89.63%	17.77%

MOON vs. TCAI - Sectors Allocation Comparison

Sectors	MOON	TCAI
Technology	42.4%	44.0%
Healthcare	23.5%	-
Consumer Cyclical	11.9%	1.4%
Communication Services	9.3%	1.1%
Industrials	7.5%	29.9%
Financial Services	4.2%	6.4%
Basic Materials	1.2%	-
Consumer Defensive	-	-
Energy	-	6.1%
Real Estate	-	0.6%
Utilities	-	11.1%

Return for Risk

MOON vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and Tortoise AI Infrastructure ETF (TCAI). 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	TCAI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	4.61	—

Drawdowns

Drawdown Indicators

	MOON	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	—	-15.80%	—
Current Drawdown Current decline from peak	—	-0.27%	—
Average Drawdown Average peak-to-trough decline	—	-3.43%	—

Volatility

Volatility by Period

	MOON	TCAI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	35.82%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	35.82%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.82%	—

MOON vs. TCAI - Expense Ratio Comparison

Both MOON and TCAI have an expense ratio of 0.65%.

Dividends

MOON vs. TCAI - Dividend Comparison

MOON has not paid dividends to shareholders, while TCAI's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, MOON or TCAI?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MOON or TCAI?

MOON and TCAI have the same expense ratio: 0.65% per year.

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

TCAI has the higher dividend yield at 0.03%, compared with 0.00% for MOON.

What is the main difference between MOON and TCAI?

They also come from different issuers: Direxion and Tortoise.