XDAT vs. MOON

Last updated Jun 18, 2026

XDAT (Franklin Exponential Data ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds. XDAT is actively managed, while MOON is passively managed. At a 0.38 correlation, their price movements are largely independent. XDAT charges 0.50%/yr vs 0.65%/yr for MOON.

Performance

XDAT vs. MOON - Performance Comparison

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

Returns By Period

XDAT

• 1D: -1.87%
• 1M: 2.00%
• YTD: -5.68%
• 6M: -4.38%
• 1Y: -7.72%
• 3Y*: 8.74%
• 5Y*: -1.38%
• 10Y*: —

MOON

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

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

XDAT vs. MOON - Yearly Performance Comparison

	2026 (YTD)
XDAT Franklin Exponential Data ETF	-2.52%
MOON Direxion Moonshot Innovators ETF	-15.19%

Correlation

The correlation between XDAT and MOON is 0.38, 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	0.38

XDAT vs. MOON - Sectors Allocation Comparison

Sectors	XDAT	MOON
Technology	59.4%	42.4%
Communication Services	32.0%	9.3%
Real Estate	4.7%	-
Healthcare	2.6%	23.5%
Financial Services	2.4%	4.2%
Consumer Cyclical	1.2%	11.9%
Industrials	0.2%	7.5%
Basic Materials	-	1.2%
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

XDAT vs. MOON — Risk / Return Rank

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

XDAT

XDAT Risk / Return Rank: 6
XDAT Sharpe Ratio Rank: 6
XDAT Sortino Ratio Rank: 6
XDAT Omega Ratio Rank: 6
XDAT Calmar Ratio Rank: 7
XDAT Martin Ratio Rank: 7

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.

XDAT vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.

	XDAT	MOON	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	—	—
Sortino ratio: Return per unit of downside risk	-0.29	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.26	—	—
Martin ratio: Return relative to average drawdown	-0.55	—	—

Drawdowns

XDAT vs. MOON - Drawdown Comparison

The maximum XDAT drawdown since its inception was -54.87%, which is greater than MOON's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for XDAT and MOON.

Drawdown Indicators

	XDAT	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-54.87%	-15.19%	-39.68%
Max Drawdown (1Y) Largest decline over 1 year	-29.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.87%	—	—
Current Drawdown Current decline from peak	-21.09%	-15.19%	-5.90%
Average Drawdown Average peak-to-trough decline	-25.85%	-10.52%	-15.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.06%	—	—

Volatility

Volatility by Period

	XDAT	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.29%	13.68%	+10.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.54%	13.68%	+15.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.45%	13.68%	+15.77%

XDAT vs. MOON - Expense Ratio Comparison

XDAT has a 0.50% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

XDAT vs. MOON - Dividend Comparison

Neither XDAT nor MOON has paid dividends to shareholders.

Position	TTM	2025	2024
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	0.00%
XDAT Franklin Exponential Data ETF	0.00%	0.00%	0.13%

Frequently Asked Questions

Can I hold both XDAT and MOON in my portfolio?

XDAT and MOON have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDAT or MOON?

On fees, XDAT is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDAT or MOON?

XDAT is cheaper with a 0.50% expense ratio, compared with 0.65% for MOON.

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

XDAT and MOON have nearly identical dividend yields, around 0.00%.

What is the main difference between XDAT and MOON?

They also come from different issuers: Franklin Templeton and Direxion. Their fees differ too: 0.50% for XDAT and 0.65% for MOON.