Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB)
CWEB is a passive ETF by Direxion tracking the investment results of the CSI China Overseas Internet Index (200%). CWEB launched on Nov 2, 2016 and has a 1.30% expense ratio.
ETF Info
| ISIN | US25460E5050 |
|---|---|
| CUSIP | 25460E505 |
| Issuer | Direxion |
| Inception Date | Nov 2, 2016 |
| Region | Emerging Asia Pacific (China) |
| Category | Leveraged Equities, Leveraged, China Equities |
| Leveraged | 2x |
| Index Tracked | CSI China Overseas Internet Index (200%) |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
CWEB has a high expense ratio of 1.30%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CWEB vs. KWEB, CWEB vs. YINN, CWEB vs. CQQQ, CWEB vs. YANG, CWEB vs. FXI, CWEB vs. SOXL, CWEB vs. TQQQ, CWEB vs. ^HSI, CWEB vs. SSO, CWEB vs. CURE
Performance
Performance Chart
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.
Returns By Period
Direxion Daily CSI China Internet Index Bull 2x Shares had a return of 6.01% year-to-date (YTD) and 5.92% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.01% | 25.45% |
| 1 month | -25.28% | 2.91% |
| 6 months | -13.28% | 14.05% |
| 1 year | 5.92% | 35.64% |
| 5 years (annualized) | -32.07% | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of CWEB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -26.59% | 16.15% | 5.82% | 10.99% | 7.98% | -14.97% | -5.14% | -7.67% | 70.18% | -13.43% | 6.01% | ||
| 2023 | 23.10% | -26.87% | 11.40% | -20.60% | -21.89% | 14.00% | 37.34% | -20.61% | -10.25% | -10.76% | 14.46% | -5.26% | -32.85% |
| 2022 | 1.75% | -21.07% | -38.59% | -5.98% | 2.70% | 21.55% | -26.06% | 8.92% | -33.28% | -42.88% | 107.80% | 9.86% | -59.43% |
| 2021 | 25.63% | 5.67% | -30.31% | -3.73% | -12.99% | -2.31% | -49.90% | -0.61% | -15.23% | 0.10% | -16.31% | -22.86% | -79.35% |
| 2020 | -3.41% | 2.43% | -18.24% | 13.34% | 16.78% | 38.01% | 15.33% | 9.53% | -6.60% | 10.09% | 8.83% | 3.61% | 116.39% |
| 2019 | 34.59% | 13.27% | 0.03% | 6.28% | -32.53% | 17.88% | -8.31% | -0.58% | -5.97% | 17.78% | 7.01% | 8.61% | 51.24% |
| 2018 | 25.43% | -8.62% | -8.15% | -8.76% | 8.78% | -7.71% | -12.83% | -18.89% | -8.20% | -28.50% | 5.85% | -21.93% | -63.01% |
| 2017 | 18.94% | 9.40% | 12.52% | 11.13% | 12.12% | 0.32% | 27.11% | 6.48% | 1.87% | -1.94% | -0.06% | 7.66% | 166.27% |
| 2016 | -3.07% | -15.82% | -18.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CWEB is 9, indicating that it is in the bottom 9% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily CSI China Internet Index Bull 2x Shares provided a 2.44% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.88 | $0.00 | $0.00 | $0.00 | $1.80 | $2.98 | $15.22 |
Dividend yield | 2.44% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.38 | |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.47 | $0.88 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.96 | $1.80 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.00 | $0.00 | $1.07 | $0.00 | $0.00 | $1.01 | $2.98 |
| 2017 | $15.22 | $15.22 |
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.
Worst Drawdowns
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 96.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -98.09% | Feb 18, 2021 | 425 | Oct 24, 2022 | — | — | — |
| -74.48% | Jan 29, 2018 | 235 | Jan 3, 2019 | 508 | Jan 8, 2021 | 743 |
| -19.99% | Nov 24, 2017 | 9 | Dec 6, 2017 | 17 | Jan 2, 2018 | 26 |
| -19.28% | Nov 10, 2016 | 21 | Dec 20, 2016 | 17 | Feb 10, 2017 | 38 |
| -15.75% | Oct 17, 2017 | 10 | Oct 30, 2017 | 16 | Nov 21, 2017 | 26 |
Volatility
Volatility Chart
The current Direxion Daily CSI China Internet Index Bull 2x Shares volatility is 28.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.