RSPT vs. MOON

Last updated Jun 21, 2026

RSPT (Invesco S&P 500 Equal Weight Technology ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - RSPT tracks the S&P 500® Information Technology 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. RSPT charges 0.40%/yr vs 0.65%/yr for MOON.

Performance

RSPT vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Technology ETF (RSPT) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RSPT

• 1D: 2.32%
• 1M: 7.75%
• YTD: 40.60%
• 6M: 38.73%
• 1Y: 65.33%
• 3Y*: 30.13%
• 5Y*: 18.67%
• 10Y*: 21.96%

MOON

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

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

RSPT vs. MOON - Yearly Performance Comparison

	2026 (YTD)
RSPT Invesco S&P 500 Equal Weight Technology ETF	3.68%
MOON Direxion Moonshot Innovators ETF	-15.19%

Correlation

The correlation between RSPT 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

RSPT vs. MOON - Sectors Allocation Comparison

Sectors	RSPT	MOON
Technology	97.6%	42.4%
Energy	1.4%	-
Industrials	0.9%	7.5%
Financial Services	0.0%	4.2%
Basic Materials	-	1.2%
Communication Services	-	9.3%
Consumer Cyclical	-	11.9%
Consumer Defensive	-	-
Healthcare	-	23.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

RSPT vs. MOON — Risk / Return Rank

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

RSPT

RSPT Risk / Return Rank: 86
RSPT Sharpe Ratio Rank: 88
RSPT Sortino Ratio Rank: 80
RSPT Omega Ratio Rank: 79
RSPT Calmar Ratio Rank: 92
RSPT Martin Ratio Rank: 90

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.

RSPT vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Technology ETF (RSPT) 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.

	RSPT	MOON	Difference
Sharpe ratio: Return per unit of total volatility	2.76	—	—
Sortino ratio: Return per unit of downside risk	3.33	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	5.66	—	—
Martin ratio: Return relative to average drawdown	19.52	—	—

Drawdowns

RSPT vs. MOON - Drawdown Comparison

The maximum RSPT drawdown since its inception was -58.91%, which is greater than MOON's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for RSPT and MOON.

Drawdown Indicators

	RSPT	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-58.91%	-15.19%	-43.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.67%	—	—
Current Drawdown Current decline from peak	-5.27%	-15.19%	+9.92%
Average Drawdown Average peak-to-trough decline	-8.89%	-10.52%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	—	—

Volatility

Volatility by Period

	RSPT	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.50%	13.68%	+9.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	13.68%	+10.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.97%	13.68%	+10.29%

RSPT vs. MOON - Expense Ratio Comparison

RSPT has a 0.40% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

RSPT vs. MOON - Dividend Comparison

RSPT's dividend yield for the trailing twelve months is around 0.27%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSPT Invesco S&P 500 Equal Weight Technology ETF	0.27%	0.39%	0.44%	0.56%	0.71%	0.50%	1.29%	0.92%	0.98%	0.84%	1.16%	1.18%

Frequently Asked Questions

Can I hold both RSPT and MOON in my portfolio?

RSPT 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, RSPT or MOON?

On fees, RSPT is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSPT or MOON?

RSPT is cheaper with a 0.40% expense ratio, compared with 0.65% for MOON.

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

RSPT has the higher dividend yield at 0.27%, compared with 0.00% for MOON.

What is the main difference between RSPT and MOON?

RSPT tracks S&P 500® Information Technology Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.40% for RSPT and 0.65% for MOON.