MOON - Cathie Wood's copycat ETF has silently outperformed ARKK

Direxion launched an exchange traded fund back on November 12th, 2020. The Direxion Moonshot Innovators ETF (MOON) offers investors exposure to 50 innovative U.S. based organizations that are at the forefront of changing how business is done by introducing disruptive and innovative ideas.MOON is similar and different at the same time to the household name investors know very well ARK Innovation ETF (ARKK). Both are innovation and disruptive based exchange traded funds but the holdings of each are much different and their performances are also quite different.Regarding performance, since MOONs inception on November 12th, 2021 the ETF is +71.62% while ARKK is +27.06%. Furthermore, from a YTD standpoint, MOON is +38.95% and ARKK is +3.53%. Taking it a step further, since the peak of both ETFs which was on February 16th, 2021, MOON has retraced -16.19% and ARKK retraced -20.43%.See below a chart performance of MOON and ARKK since November 12th, 2020.What separates these two innovative ETFs apart is their holdings. MOON

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Cathie Wood’s copycat ETF has silently outperformed ARKK