MOON

Direxion Moonshot Innovators ETF

MOON tracks a tier-weighted index that selects US-listed companies seeking innovative technologies.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

HAIL

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorDirexion
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateNov 12, 2020
Assets (mns)$28
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionFundamental
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NIKOLA CORPORATION 5.3 %
EHANG HOLDINGS LTD. SPONSORED ADR CLASS 4.2 %
COINBASE GLOBAL, INC. CLASS A 3.4 %
DROPBOX, INC. CLASS A 2.9 %
FASTLY, INC. CLASS A 2.8 %
OKTA, INC. CLASS A 2.8 %
NANO DIMENSION LTD SPONSORED ADR 2.7 %
ROIVANT SCIENCES LTD. 2.7 %
BIGCOMMERCE HOLDINGS INC 2.6 %
ROBINHOOD MARKETS, INC. CLASS A 2.6 %
Constituent Breakdown
Number of holdings50
Herfindahl-Hirschman Index 217
Wgt avg mkt cap (mns)$3,355
Large cap (>$10bn)13.3%
Mid cap ($2-10bn)29.8%
Small cap (<$2bn)51.6%
Developed mkts.95.9%
Emerging mkts.4.1%
Country Exposure
UNITED STATES 77.4 %
CHINA 6.4 %
ISRAEL 4.4 %
BRITAIN 2.7 %
CANADA 2.1 %
SWITZERLAND 1.8 %
GERMANY 0.8 %
Historical Performance


Standardized Annual Returns (as of 08/31/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
14.0% -19.4% -40.0% -- -- -- -27.8%
Market Correlations
versus...BetaR-squared
S&P 5001.2327%
MSCI EAFE1.0217%
MSCI Emg Mkts1.1525%
Liquidity Measures
Avg. volume (000)16
Turnover0.6%
Avg. Bid/Ask (% of price)0.34%
ADV of underlying (mns)$1,298
Technical Indicators
Recent close$10.25
30d moving avg.$11.58
Annualized volatility40.8%
Relative strength (RSI)28
Short interest (ETF)4.6%
Short interest (underlying)9.9%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. MOON
Expenses
vs. MOON
ALTAR Score™
vs. MOON
HAIL SPDR S&P Kensho Smart Mobility ETF   16.8%   -20 bp +7.4%
ARKK ARK Innovation ETF   15.1%   +10 bp +4.3%
XWEB SPDR S&P Internet ETF   12.2%   -30 bp +0.6%
TWEB SoFi Web 3 ETF   12.0%   -6 bp +8.0%
WCLD WisdomTree Cloud Computing Fund   11.0%   -20 bp +11.1%
BYOB SoFi Be Your Own Boss ETF   10.7%   -6 bp +8.3%
BUZZ VanEck Social Sentiment ETF   10.2%   +10 bp +12.5%
LZRD Parabla Innovation ETF   10.1%   +4 bp +2.5%
Risk and Returns: MOON vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2022 2023E Fwd Est 2024E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.8 -5.2 7.1 0.3% --
Based on closing prices from 9/26/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MOON



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

MOON

-11.4%

Cat. Avg

6.5%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-11.4%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™ of 6.5% and a standard deviation of 3.1%. MOON's ALTAR Score™ is approximately 5.7 standard deviations below the category average. This places MOON in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
MOON
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MOON 65.0 33.9 98.9
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.