XNTK vs. MOON

Last updated Jun 24, 2026

XNTK (State Street SPDR NYSE Technology ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds - XNTK tracks the NYSE Technology Index while MOON tracks the S&P Kensho Moonshots Index. Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. XNTK charges 0.35%/yr vs 0.65%/yr for MOON.

Performance

XNTK vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR NYSE Technology ETF (XNTK) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XNTK

• 1D: -5.42%
• 1M: 5.72%
• YTD: 32.72%
• 6M: 30.83%
• 1Y: 62.72%
• 3Y*: 39.51%
• 5Y*: 19.21%
• 10Y*: 25.67%

MOON

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

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

XNTK vs. MOON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XNTK State Street SPDR NYSE Technology ETF	32.72%	38.06%	23.49%	70.13%	-41.07%	17.63%	14.81%
MOON Direxion Moonshot Innovators ETF	0.00%	0.00%	-8.56%	9.85%	-61.07%	-13.78%	26.82%

Correlation

The correlation between XNTK and MOON is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Nov 12, 2020	0.55

The correlation between XNTK and MOON shifts across timeframes, from 0.26 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.

XNTK vs. MOON - Sectors Allocation Comparison

Sectors	XNTK	MOON
Technology	83.3%	42.4%
Communication Services	8.6%	9.3%
Consumer Cyclical	8.0%	11.9%
Basic Materials	-	1.2%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.2%
Healthcare	-	23.5%
Industrials	-	7.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

XNTK vs. MOON — Risk / Return Rank

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

XNTK

XNTK Risk / Return Rank: 71
XNTK Sharpe Ratio Rank: 78
XNTK Sortino Ratio Rank: 64
XNTK Omega Ratio Rank: 71
XNTK Calmar Ratio Rank: 75
XNTK Martin Ratio Rank: 68

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.

XNTK vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR NYSE Technology ETF (XNTK) 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.

	XNTK	MOON	Difference
Sharpe ratio: Return per unit of total volatility	2.36	—	—
Sortino ratio: Return per unit of downside risk	2.84	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.71	—	—
Martin ratio: Return relative to average drawdown	12.03	—	—

Drawdowns

Drawdown Indicators

	XNTK	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-72.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.28%	—	—
Current Drawdown Current decline from peak	-5.42%	—	—
Average Drawdown Average peak-to-trough decline	-21.26%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	—	—

Volatility

Volatility by Period

	XNTK	MOON	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	—	—

XNTK vs. MOON - Expense Ratio Comparison

XNTK has a 0.35% expense ratio, which is lower than MOON's 0.65% expense ratio.

Dividends

XNTK vs. MOON - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.15%, 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%	0.62%	1.41%	0.00%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XNTK State Street SPDR NYSE Technology ETF	0.15%	0.23%	0.42%	0.34%	0.85%	0.34%	0.30%	0.61%	29.64%	1.29%	0.81%	0.93%

Frequently Asked Questions

Can I hold both XNTK and MOON in my portfolio?

XNTK and MOON have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XNTK or MOON?

On fees, XNTK is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XNTK or MOON?

XNTK is cheaper with a 0.35% expense ratio, compared with 0.65% for MOON.

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

XNTK has the higher dividend yield at 0.15%, compared with 0.00% for MOON.

What is the main difference between XNTK and MOON?

XNTK tracks NYSE Technology Index, while MOON tracks S&P Kensho Moonshots Index. They also come from different issuers: State Street and Direxion. Their fees differ too: 0.35% for XNTK and 0.65% for MOON.