Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB)

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The chart shows the growth of an initial investment of $10,000 in Direxion Daily CSI China Internet Index Bull 2x Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has returned -32.69% so far this year and -35.59% over the past 12 months.

Based on dividend-adjusted daily data since Nov 2, 2016, CWEB's average daily return is +0.04%, while the average monthly return is +0.21%. At this rate, your investment would double in approximately 27.5 years.

Historically, 51% of months were positive and 49% were negative. The best month was Nov 2022 with a return of +107.8%, while the worst month was Jul 2021 at -49.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, CWEB closed higher 49% of trading days. The best single day was Mar 16, 2022 with a return of +80.3%, while the worst single day was Oct 24, 2022 at -28.1%.

Direxion Daily CSI China Internet Index Bull 2x Shares has an annualized alpha of -15.65%, beta of 1.95, and R² of 0.20 versus S&P 500 Index. Calculated based on daily prices since November 03, 2016.

• This ETF participated in 163.15% of S&P 500 Index downside but only 34.30% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.20 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.

CWEB has a high expense ratio of 1.30%, indicating above-average management fees.

CWEB ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and compare them to a chosen benchmark (S&P 500 Index).

Direxion Daily CSI China Internet Index Bull 2x Shares provided a 5.02% dividend yield over the last twelve months, with an annual payout of $1.34 per share.

The table displays the monthly dividend distributions for Direxion Daily CSI China Internet Index Bull 2x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Direxion Daily CSI China Internet Index 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 China Internet Index Bull 2x Shares was 98.09%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Direxion Daily CSI China Internet Index Bull 2x Shares drawdown is 97.26%.

The chart below shows the rolling one-month volatility.