ROKT vs. MOON

Last updated Jun 3, 2026

ROKT (SPDR S&P Kensho Final Frontiers ETF) and MOON (Direxion Moonshot Innovators ETF) are both exchange-traded funds - ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index, while MOON is a Technology Equities fund tracking the S&P Kensho Moonshots Index. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. ROKT charges 0.45%/yr vs 0.65%/yr for MOON.

Performance

ROKT vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho Final Frontiers ETF (ROKT) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROKT

• 1D: 1.72%
• 1M: 16.83%
• YTD: 52.20%
• 6M: 68.76%
• 1Y: 122.71%
• 3Y*: 46.59%
• 5Y*: 25.88%
• 10Y*: —

MOON

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

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

ROKT vs. MOON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ROKT SPDR S&P Kensho Final Frontiers ETF	52.20%	50.56%	27.89%	14.41%	-0.81%	4.63%	13.71%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	9.85%	-61.07%	-13.78%	24.70%

Correlation

The correlation between ROKT and MOON is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020	0.49

The correlation between ROKT and MOON shifts across timeframes, from 0.32 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.

ROKT vs. MOON - Sectors Allocation Comparison

Sectors	ROKT	MOON
Industrials	67.6%	7.5%
Technology	20.2%	42.4%
Energy	6.4%	-
Communication Services	5.9%	9.3%
Basic Materials	-	1.2%
Consumer Cyclical	-	11.9%
Consumer Defensive	-	-
Financial Services	-	4.2%
Healthcare	-	23.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

ROKT vs. MOON — Risk / Return Rank

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

ROKT

ROKT Risk / Return Rank: 95
ROKT Sharpe Ratio Rank: 96
ROKT Sortino Ratio Rank: 94
ROKT Omega Ratio Rank: 92
ROKT Calmar Ratio Rank: 97
ROKT Martin Ratio Rank: 96

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.

ROKT vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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.

	ROKT	MOON	Difference
Sharpe ratio Return per unit of total volatility	4.31	—	—
Sortino ratio Return per unit of downside risk	4.87	—	—
Omega ratio Gain probability vs. loss probability	1.62	—	—
Calmar ratio Return relative to maximum drawdown	10.69	—	—
Martin ratio Return relative to average drawdown	39.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ROKT	MOON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.31	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	—	—

Drawdowns

Drawdown Indicators

	ROKT	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	—	—
Current Drawdown Current decline from peak	-5.31%	—	—
Average Drawdown Average peak-to-trough decline	-6.75%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	—	—

Volatility

Volatility by Period

	ROKT	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.11%	—	—

ROKT vs. MOON - Expense Ratio Comparison

ROKT has a 0.45% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

ROKT vs. MOON - Dividend Comparison

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

Position	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%
ROKT SPDR S&P Kensho Final Frontiers ETF	0.26%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%

Frequently Asked Questions

Can I hold both ROKT and MOON in my portfolio?

ROKT and MOON have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ROKT or MOON?

On fees, ROKT is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROKT or MOON?

ROKT is cheaper with a 0.45% expense ratio, compared with 0.65% for MOON.

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

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

What is the main difference between ROKT and MOON?

ROKT is categorized as Industrials Equities, while MOON is Technology Equities. ROKT tracks S&P Kensho Final Frontiers Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: State Street and Direxion. Their fees differ too: 0.45% for ROKT and 0.65% for MOON.