TEK vs. MOON

Last updated Jun 23, 2026

TEK (iShares Technology Opportunities Active ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds. TEK is actively managed, while MOON is passively managed. At a 0.35 correlation, their price movements are largely independent. TEK charges 0.75%/yr vs 0.65%/yr for MOON.

Performance

TEK vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Technology Opportunities Active ETF (TEK) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEK

• 1D: 0.05%
• 1M: 9.52%
• YTD: 44.09%
• 6M: 43.89%
• 1Y: 66.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MOON

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

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

TEK vs. MOON - Yearly Performance Comparison

	2026 (YTD)
TEK iShares Technology Opportunities Active ETF	12.21%
MOON Direxion Moonshot Innovators ETF	-15.19%

Correlation

The correlation between TEK and MOON is 0.35, 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	0.35

TEK vs. MOON - Sectors Allocation Comparison

Sectors	TEK	MOON
Technology	85.9%	42.4%
Communication Services	6.1%	9.3%
Consumer Cyclical	4.0%	11.9%
Industrials	2.8%	7.5%
Basic Materials	0.9%	1.2%
Financial Services	0.4%	4.2%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	23.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

TEK vs. MOON — Risk / Return Rank

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

TEK

TEK Risk / Return Rank: 68
TEK Sharpe Ratio Rank: 76
TEK Sortino Ratio Rank: 66
TEK Omega Ratio Rank: 68
TEK Calmar Ratio Rank: 71
TEK Martin Ratio Rank: 58

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.

TEK vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Technology Opportunities Active ETF (TEK) 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.

	TEK	MOON	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	2.91	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.46	—	—
Martin ratio: Return relative to average drawdown	9.84	—	—

Drawdowns

TEK vs. MOON - Drawdown Comparison

The maximum TEK drawdown since its inception was -28.24%, which is greater than MOON's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for TEK and MOON.

Drawdown Indicators

	TEK	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-28.24%	-15.19%	-13.05%
Max Drawdown (1Y) Largest decline over 1 year	-19.29%	—	—
Current Drawdown Current decline from peak	0.00%	-15.19%	+15.19%
Average Drawdown Average peak-to-trough decline	-5.87%	-10.52%	+4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.78%	—	—

Volatility

Volatility by Period

	TEK	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.69%	13.68%	+15.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.47%	13.68%	+16.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.47%	13.68%	+16.79%

TEK vs. MOON - Expense Ratio Comparison

TEK has a 0.75% expense ratio, which is higher than MOON's 0.65% expense ratio.

Dividends

TEK vs. MOON - Dividend Comparison

TEK's dividend yield for the trailing twelve months is around 1.10%, while MOON has not paid dividends to shareholders.

Position	TTM	2025
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%
TEK iShares Technology Opportunities Active ETF	1.10%	1.62%

Frequently Asked Questions

Can I hold both TEK and MOON in my portfolio?

TEK and MOON have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEK 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, TEK or MOON?

MOON is cheaper with a 0.65% expense ratio, compared with 0.75% for TEK.

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

TEK has the higher dividend yield at 1.10%, compared with 0.00% for MOON.

What is the main difference between TEK and MOON?

They also come from different issuers: iShares and Direxion. Their fees differ too: 0.75% for TEK and 0.65% for MOON.