QQH vs. MOON

Last updated Jun 21, 2026

QQH (HCM Defender 100 Index ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - QQH tracks the HCM Defender 100 Index while MOON tracks the S&P Kensho Moonshots Index. Both are passively managed. At a 0.39 correlation, their price movements are largely independent. QQH charges 1.14%/yr vs 0.65%/yr for MOON.

Performance

QQH vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 100 Index ETF (QQH) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQH

• 1D: 3.12%
• 1M: 2.51%
• YTD: 11.98%
• 6M: 11.43%
• 1Y: 37.14%
• 3Y*: 23.04%
• 5Y*: 13.90%
• 10Y*: —

MOON

• 1D: -5.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQH vs. MOON - Yearly Performance Comparison

	2026 (YTD)
QQH HCM Defender 100 Index ETF	5.03%
MOON Direxion Moonshot Innovators ETF	-15.19%

Correlation

The correlation between QQH and MOON is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	0.39

Return for Risk

QQH vs. MOON — Risk / Return Rank

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

QQH

QQH Risk / Return Rank: 45
QQH Sharpe Ratio Rank: 48
QQH Sortino Ratio Rank: 44
QQH Omega Ratio Rank: 45
QQH Calmar Ratio Rank: 47
QQH Martin Ratio Rank: 39

MOON

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QQH vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 100 Index ETF (QQH) and Direxion Moonshot Innovators ETF (MOON). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQH	MOON	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.25	—	—
Martin ratio: Return relative to average drawdown	6.00	—	—

Drawdowns

QQH vs. MOON - Drawdown Comparison

The maximum QQH drawdown since its inception was -41.87%, which is greater than MOON's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for QQH and MOON.

Drawdown Indicators

	QQH	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-41.87%	-15.19%	-26.68%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.87%	—	—
Current Drawdown Current decline from peak	-2.99%	-15.19%	+12.20%
Average Drawdown Average peak-to-trough decline	-12.88%	-10.52%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.06%	—	—

Volatility

Volatility by Period

	QQH	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.73%	13.68%	+9.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.94%	13.68%	+8.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.96%	13.68%	+11.28%

QQH vs. MOON - Expense Ratio Comparison

QQH has a 1.14% expense ratio, which is higher than MOON's 0.65% expense ratio.

Dividends

QQH vs. MOON - Dividend Comparison

QQH's dividend yield for the trailing twelve months is around 0.19%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQH HCM Defender 100 Index ETF	0.19%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%

Frequently Asked Questions

Can I hold both QQH and MOON in my portfolio?

QQH and MOON have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQH or MOON?

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, QQH or MOON?

MOON is cheaper with a 0.65% expense ratio, compared with 1.14% for QQH.

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

QQH has the higher dividend yield at 0.19%, compared with 0.00% for MOON.

What is the main difference between QQH and MOON?

QQH tracks HCM Defender 100 Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: Howard Capital Management and Direxion. Their fees differ too: 1.14% for QQH and 0.65% for MOON.