TINY vs. MOON

Last updated Jun 21, 2026

TINY (ProShares Nanotechnology ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - TINY tracks the Solactive Nanotechnology Index while MOON tracks the S&P Kensho Moonshots Index. Both are passively managed. At a 0.17 correlation, their price movements are largely independent. TINY charges 0.58%/yr vs 0.65%/yr for MOON.

Performance

TINY vs. MOON - Performance Comparison

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

Returns By Period

TINY

• 1D: 3.75%
• 1M: 19.80%
• YTD: 76.47%
• 6M: 79.83%
• 1Y: 126.79%
• 3Y*: 33.52%
• 5Y*: —
• 10Y*: —

MOON

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

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

TINY vs. MOON - Yearly Performance Comparison

	2026 (YTD)
TINY ProShares Nanotechnology ETF	16.51%
MOON Direxion Moonshot Innovators ETF	-15.19%

Correlation

The correlation between TINY and MOON is 0.17, 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	0.17

TINY vs. MOON - Sectors Allocation Comparison

Sectors	TINY	MOON
Technology	70.5%	42.4%
Healthcare	10.4%	23.5%
Basic Materials	9.8%	1.2%
Industrials	4.8%	7.5%
Consumer Cyclical	4.6%	11.9%
Communication Services	-	9.3%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

TINY vs. MOON — Risk / Return Rank

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

TINY

TINY Risk / Return Rank: 93
TINY Sharpe Ratio Rank: 95
TINY Sortino Ratio Rank: 92
TINY Omega Ratio Rank: 89
TINY Calmar Ratio Rank: 95
TINY Martin Ratio Rank: 94

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.

TINY vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nanotechnology ETF (TINY) 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.

	TINY	MOON	Difference
Sharpe ratio: Return per unit of total volatility	3.68	—	—
Sortino ratio: Return per unit of downside risk	4.13	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	7.46	—	—
Martin ratio: Return relative to average drawdown	26.18	—	—

Drawdowns

TINY vs. MOON - Drawdown Comparison

The maximum TINY drawdown since its inception was -43.79%, which is greater than MOON's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for TINY and MOON.

Drawdown Indicators

	TINY	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-15.19%	-28.60%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-42.13%	—	—
Current Drawdown Current decline from peak	0.00%	-15.19%	+15.19%
Average Drawdown Average peak-to-trough decline	-16.01%	-10.52%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	—	—

Volatility

Volatility by Period

	TINY	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.91%	13.68%	+20.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.58%	13.68%	+18.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.58%	13.68%	+18.90%

TINY vs. MOON - Expense Ratio Comparison

TINY has a 0.58% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

TINY vs. MOON - Dividend Comparison

TINY's dividend yield for the trailing twelve months is around 0.17%, while MOON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TINY ProShares Nanotechnology ETF	0.17%	0.29%	0.01%	0.35%	0.42%	0.07%

Frequently Asked Questions

Can I hold both TINY and MOON in my portfolio?

TINY and MOON have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TINY or MOON?

On fees, TINY is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TINY or MOON?

TINY is cheaper with a 0.58% expense ratio, compared with 0.65% for MOON.

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

TINY has the higher dividend yield at 0.17%, compared with 0.00% for MOON.

What is the main difference between TINY and MOON?

TINY tracks Solactive Nanotechnology Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.58% for TINY and 0.65% for MOON.