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MOON / MOON: An ETF To Avoid

MOON: An ETF To Avoid
The Direxion Moonshot Innovators ETF claims to provide exposure to the 50 most innovative companies in the S&P 500, but its methodology of counting keywords and calculating R&D expenses relative to revenues may not accurately capture true innovation. The MOON ETF's top holdings and sector allocation include large weightings in innovation-related sectors like Information Technology and Healthcare, but it is difficult to assess if these are truly the most innovative companies within the S&P 500 Index. Since its inception in November 2020, the MOON ETF has had poor performance, with an average annual return of -24.7% to May 31, 2023, and long-term returns far below broader growth indices like the Nasdaq 100 Index. Read More
Posted: Jun 26 2023, 16:59
Author Name: Seeking Alpha
Views: 102816

MOON News  

MOON: An ETF To Avoid

By Seeking Alpha
June 26, 2023

MOON: An ETF To Avoid

The Direxion Moonshot Innovators ETF claims to provide exposure to the 50 most innovative companies in the S&P 500, but its methodology of counting ke more_horizontal

Lessons From MOON's Collapse

By Seeking Alpha
February 19, 2023

Lessons From MOON's Collapse

MOON is an innovation growth index ETF. MOON is down almost 50% since inception, in late 2021. more_horizontal

IndexIQ Launches R&D-Focused ETF Trio

By ETFcom
February 8, 2022

IndexIQ Launches R&D-Focused ETF Trio

New York Life's ETF brand is targeting companies that spend big on research. more_horizontal

IndexIQ Launches R&D-Focused ETF Trio

By ETFcom
February 8, 2022

IndexIQ Launches R&D-Focused ETF Trio

New York Life's ETF brand is targeting companies that spend big on research. more_horizontal

IndexIQ Launches R&D-Focused ETF Trio

By ETFcom
February 8, 2022

IndexIQ Launches R&D-Focused ETF Trio

New York Life's ETF brand is targeting companies that spend big on research. more_horizontal


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