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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
Bloomberg business news
Ark's Wood Says Tesla Stock Behaved In-line With Our Portfolios

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.