ARKK Copycat Is Beating Cathie Wood’s Original by 10-Fold
- Direxion’s MOON also bets on innovation, but tracks an index
- MOON’s $220 million in assets dwarfed by the $24 billion ARKK
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A tiny ETF tracking innovative companies is quietly outpacing one of the most famous investments on Wall Street.
The Direxion Moonshot Innovators ETF (MOON) has risen 39% this year, compared to ARK Innovation ETF’s 3.5% gain, according to data compiled by Bloomberg.