An innovation ETF is crushing competitors with 40% returns this year even as tech stocks flounder

• The Moonshot Innovators ETF launched in November and invests in early-stage companies.
• It’s returned 70% since starting up and 40% in 2021, crushing competitors like Ark Invest’s innovation ETF.
• The provider breaks down the strategy, outperformance and outlook for innovation as yields rise.

“To the moon” is a phrase that’s become synonymous with stocks that retail investors expect will surge rapidly in price. It became mainstream following recent rallies in Gamestop, AMC and bitcoin.

But in November, weeks before the phrase entered the vocabulary of every investing professional and financial pundit, a new exchange-traded fund launched focusing on “moonshot investing” called Moonshot Innovators (MOON).

Although moonshot and “to the moon” sound similar, the investing premise is very different.