MOON vs. TIME

Last updated Jun 4, 2026

MOON (Direxion Moonshot Innovators ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. MOON is passively managed, while TIME is actively managed. At a 0.06 correlation, their price movements are largely independent. MOON charges 0.65%/yr vs 1.00%/yr for TIME.

Performance

MOON vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Moonshot Innovators ETF (MOON) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MOON

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

TIME

• 1D: -0.73%
• 1M: 5.38%
• YTD: 9.82%
• 6M: 10.85%
• 1Y: 23.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MOON vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	10.48%
TIME Clockwise Core Equity & Innovation ETF	9.82%	10.17%	6.75%

Correlation

The correlation between MOON and TIME is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.06

MOON vs. TIME - Sectors Allocation Comparison

Sectors	MOON	TIME
Technology	42.4%	38.5%
Healthcare	23.5%	0.5%
Consumer Cyclical	11.9%	13.8%
Communication Services	9.3%	17.4%
Industrials	7.5%	1.0%
Financial Services	4.2%	3.2%
Basic Materials	1.2%	3.0%
Consumer Defensive	-	10.1%
Energy	-	8.4%
Real Estate	-	-
Utilities	-	5.1%

Return for Risk

MOON vs. TIME — Risk / Return Rank

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

TIME

TIME Risk / Return Rank: 45
TIME Sharpe Ratio Rank: 51
TIME Sortino Ratio Rank: 48
TIME Omega Ratio Rank: 49
TIME Calmar Ratio Rank: 36
TIME Martin Ratio Rank: 41

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. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Moonshot Innovators ETF (MOON) and Clockwise Core Equity & Innovation ETF (TIME). 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	TIME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.80	—

Drawdowns

Drawdown Indicators

	MOON	TIME	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.09%	—
Current Drawdown Current decline from peak	—	-0.74%	—
Average Drawdown Average peak-to-trough decline	—	-5.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.55%	—

Volatility

Volatility by Period

	MOON	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.62%	—

MOON vs. TIME - Expense Ratio Comparison

MOON has a 0.65% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

MOON vs. TIME - Dividend Comparison

MOON has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 9.12%.

Position	TTM	2025	2024	2023	2022	2021
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.62%	1.41%	0.00%	1.64%
TIME Clockwise Core Equity & Innovation ETF	9.12%	10.02%	15.84%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MOON and TIME in my portfolio?

MOON and TIME have a correlation of 0.06, 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 TIME?

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 TIME?

MOON is cheaper with a 0.65% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.12%, compared with 0.00% for MOON.

What is the main difference between MOON and TIME?

They also come from different issuers: Direxion and Clockwise Capital. Their fees differ too: 0.65% for MOON and 1.00% for TIME.