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Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) Sharpe Ratio: 0.93

ETF · Currency in USD · Last updated Jul 18, 2026

CHAU is a passive ETF by Direxion tracking the investment results of the CSI 300 Index (200%). CHAU launched on Apr 16, 2015 and has a 1.21% expense ratio.

CHAU's Sharpe Ratio of 0.93 indicates that for each unit of volatility, it generates 0.93 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 18, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

CHAU Sharpe Ratio Rank

CHAU Sharpe Ratio Rank: 32.232
Below Average

CHAU ranks above 32.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

CHAU Sharpe Ratio Market Positioning

The chart shows CHAU's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.67 or lower
  • Yellow zone (middle 50%): 0.67 to 1.80
  • Green zone (top 25%): 1.80 or higher
  • Top 1%: 6.43+
  • Median: 1.32 — half of all investments score higher

How it compares to other similar ETFs

The table compares Direxion Daily CSI 300 China A Share Bull 2x Shares's Sharpe Ratio with other ETFs in the China Equities, Leveraged Equities, Asia Pacific Equities category across multiple time periods, showing how CHAU's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 18, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MUUDirexion Daily MU Bull 2X Shares18.17
MULLGraniteShares 2x Long MU Daily ETF16.98
INTWGraniteShares 2x Long INTC Daily ETF5.15
DLLLGraniteShares 2x Long DELL Daily ETF4.04
LABUDirexion Daily S&P Biotech Bull 3x Shares3.79
XTAPInnovator U.S. Equity Accelerated Plus ETF3.78
PILLDirexion Daily Pharmaceutical & Medical Bull 3X Shares3.59
ASMGLeverage Shares 2X Long ASML Daily ETF3.38
AMUUDirexion Daily AMD Bull 2X Shares3.27
GGLLDirexion Daily GOOGL Bull 2X Shares3.25
CHAUDirexion Daily CSI 300 China A Share Bull 2x Shares0.93

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows CHAU's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when CHAU consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does CHAU fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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