ROKT vs. MOON
Compare and contrast key facts about SPDR S&P Kensho Final Frontiers ETF (ROKT) and Direxion Moonshot Innovators ETF (MOON).
ROKT and MOON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROKT is a passively managed fund by State Street that tracks the performance of the S&P Kensho Final Frontiers Index. It was launched on Oct 22, 2018. 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. Both ROKT and MOON are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROKT or MOON.
Key characteristics
| ROKT | MOON | |
|---|---|---|
| YTD Return | -2.43% | -18.46% |
| 1Y Return | 9.51% | -4.52% |
| 3Y Return (Ann) | 2.61% | -36.25% |
| Sharpe Ratio | 0.54 | -0.21 |
| Daily Std Dev | 15.19% | 39.97% |
| Max Drawdown | -43.16% | -82.35% |
| Current Drawdown | -3.21% | -81.01% |
Correlation
The correlation between ROKT and MOON is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ROKT vs. MOON - Performance Comparison
In the year-to-date period, ROKT achieves a -2.43% return, which is significantly higher than MOON's -18.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ROKT vs. MOON - Expense Ratio Comparison
ROKT has a 0.45% expense ratio, which is lower than MOON's 0.65% expense ratio.
Risk-Adjusted Performance
ROKT vs. MOON - Risk-Adjusted Performance 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.
Dividends
ROKT vs. MOON - Dividend Comparison
ROKT's dividend yield for the trailing twelve months is around 0.67%, less than MOON's 2.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.67% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% |
MOON Direxion Moonshot Innovators ETF | 2.12% | 1.41% | 0.00% | 1.64% | 0.00% | 0.00% | 0.00% |
Drawdowns
ROKT vs. MOON - Drawdown Comparison
The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum MOON drawdown of -82.35%. Use the drawdown chart below to compare losses from any high point for ROKT and MOON. For additional features, visit the drawdowns tool.
Volatility
ROKT vs. MOON - Volatility Comparison
The current volatility for SPDR S&P Kensho Final Frontiers ETF (ROKT) is 4.24%, while Direxion Moonshot Innovators ETF (MOON) has a volatility of 9.57%. This indicates that ROKT experiences smaller price fluctuations and is considered to be less risky than MOON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.