- ISIN
- US25490K8696
- CUSIP
- 25490K869
- Issuer
- Direxion
- Inception Date
- Apr 16, 2015
- Region
- Emerging Asia Pacific (China)
- Category
- Leveraged Equities, China Equities
- Leveraged
- 2x
- Index Tracked
- CSI 300 Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $110M
Share Price Chart
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Performance
CHAU Performance Chart
Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) is up 24.3% since the beginning of the year. CHAU is currently trading at $26 per share. Investors who bought $1,000 worth of CHAU shares 5 years ago would now be looking at an investment worth $698.
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Returns By Period
Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has returned 24.29% so far this year and 89.25% over the past 12 months. Over the last ten years, CHAU has returned 6.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Direxion Daily CSI 300 China A Share Bull 2x Shares
- 1D
- 5.05%
- 1M
- 10.22%
- YTD
- 24.29%
- 6M
- 26.02%
- 1Y
- 89.25%
- 3Y*
- 16.79%
- 5Y*
- -6.95%
- 10Y*
- 6.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CHAU Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2015, CHAU's average daily return is +0.05%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 51% of months were positive and 49% were negative. The best month was Sep 2024 with a return of +45.0%, while the worst month was Jan 2016 at -37.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, CHAU closed higher 49% of trading days. The best single day was Jul 9, 2015 with a return of +40.0%, while the worst single day was Aug 24, 2015 at -26.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.93% | 3.51% | -9.15% | 16.84% | 3.04% | 6.64% | 24.29% | ||||||
| 2025 | -4.12% | 3.51% | -0.65% | -6.93% | 3.23% | 8.54% | 5.95% | 25.38% | 5.69% | -0.29% | -3.34% | 6.17% | 47.73% |
| 2024 | -14.80% | 16.61% | -0.03% | 3.90% | -2.66% | -7.19% | 2.47% | -4.08% | 44.96% | -13.31% | -2.58% | -4.99% | 6.61% |
| 2023 | 23.86% | -12.35% | 0.59% | -2.54% | -16.62% | -0.19% | 13.75% | -15.57% | -3.67% | -8.73% | -1.08% | -3.02% | -28.25% |
| 2022 | -13.40% | 1.18% | -19.45% | -18.48% | 5.87% | 22.52% | -15.46% | -8.61% | -17.50% | -20.45% | 35.06% | -0.54% | -49.17% |
| 2021 | 6.45% | -0.18% | -12.41% | 5.62% | 13.73% | -7.16% | -14.13% | 0.94% | 0.96% | 3.39% | -1.68% | 5.23% | -2.84% |
Benchmark Metrics
Direxion Daily CSI 300 China A Share Bull 2x Shares has an annualized alpha of -4.46%, beta of 1.26, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since April 16, 2015.
- This ETF participated in 148.86% of S&P 500 Index downside but only 83.83% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.17 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -4.46%
- Beta
- 1.26
- R²
- 0.17
- Upside Capture
- 83.83%
- Downside Capture
- 148.86%
Expense Ratio
CHAU has a high expense ratio of 1.21%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CHAU ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CHAU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 2.78 | +3.09 |
| Martin ratioReturn relative to average drawdown | 16.55 | 12.44 | +4.11 |
Dividends
Dividend History
Direxion Daily CSI 300 China A Share Bull 2x Shares provided a 1.64% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.41 | $0.33 | $0.56 | $0.16 | $0.69 | $0.04 | $0.14 | $0.12 |
Dividend yield | 1.64% | 1.97% | 2.25% | 3.97% | 0.77% | 1.73% | 0.09% | 0.58% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily CSI 300 China A Share Bull 2x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.15 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.14 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.23 | $0.56 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily CSI 300 China A Share Bull 2x Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily CSI 300 China A Share Bull 2x Shares was 79.21%, occurring on Feb 2, 2024. The portfolio has not yet recovered.
The current Direxion Daily CSI 300 China A Share Bull 2x Shares drawdown is 49.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -79.21%Feb 2024 | 8y 7mo | — | 11y 11dJun 2015 - now |
2015 correction2015 | -14.24%May 2015 | 2d | 14d | 16dMay 2015 - May 2015 |
2015 correction2015 | -13.54%May 2015 | 2d | 10d | 12dMay 2015 - Jun 2015 |
2015 pullback2015 | -9.85%Apr 2015 | 0s | 4d | 4dApr 2015 - Apr 2015 |
2015 pullback2015 | -4.01%Jun 2015 | 0s | 3d | 3dJun 2015 - Jun 2015 |
Drawdown Indicators
| CHAU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.21% | -56.78% | -22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -9.10% | -6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -59.88% | -18.90% | -40.98% |
Max Drawdown (5Y)Largest decline over 5 years | -72.59% | -25.43% | -47.16% |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | -33.92% | -44.66% |
Current DrawdownCurrent decline from peak | -49.84% | -1.80% | -48.04% |
Average DrawdownAverage peak-to-trough decline | -58.86% | -10.71% | -48.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 2.03% | +3.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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