MOON
Direxion Moonshot Innovators ETF
MOON tracks a tier-weighted index that selects US-listed companies seeking innovative technologies.
Fund Basics
| Fund sponsor | Direxion |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2020 |
| Assets (mns) | $28 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
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 holdings | 50 |
| 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)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 14.0% | -19.4% | -40.0% | -- | -- | -- | -27.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 27% |
| MSCI EAFE | 1.02 | 17% |
| MSCI Emg Mkts | 1.15 | 25% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.6% |
| 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 volatility | 40.8% |
| 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 | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 9/26/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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 .