- ISIN
- US25460E5050
- CUSIP
- 25460E505
- Issuer
- Direxion
- Inception Date
- Nov 2, 2016
- Region
- Emerging Asia Pacific (China)
- Category
- Leveraged Equities, China Equities
- Leveraged
- 2x
- Index Tracked
- CSI China Overseas Internet Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $207M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
CWEB Performance Chart
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) is down 49.7% since the beginning of the year. CWEB is currently trading at $20 per share. Investors who bought $1,000 worth of CWEB shares 5 years ago would now be looking at an investment worth $51.
Loading charts...
Returns By Period
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has returned -49.71% so far this year and -44.54% over the past 12 months.
Direxion Daily CSI China Internet Index Bull 2x Shares
- 1D
- -1.57%
- 1M
- -14.35%
- YTD
- -49.71%
- 6M
- -51.73%
- 1Y
- -44.54%
- 3Y*
- -14.65%
- 5Y*
- -44.79%
- 10Y*
- —
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%
CWEB Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 2016, CWEB's average daily return is +0.03%, while the average monthly return is -0.05%.
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.23% | -23.61% | -17.05% | 0.78% | -14.46% | -13.34% | -49.71% | ||||||
| 2025 | 13.00% | 15.41% | 3.41% | -17.70% | 2.48% | 9.06% | 5.55% | 14.69% | 20.02% | -11.10% | -12.41% | -8.05% | 29.04% |
| 2024 | -26.59% | 16.15% | 5.82% | 10.99% | 7.98% | -14.97% | -5.14% | -7.67% | 70.18% | -13.43% | -10.39% | -5.83% | 0.12% |
| 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% | -21.06% | -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% |
Benchmark Metrics
Direxion Daily CSI China Internet Index Bull 2x Shares has an annualized alpha of -19.92%, beta of 1.95, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since November 02, 2016.
- This ETF participated in 167.13% of S&P 500 Index downside but only 26.25% 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.
- Alpha
- -19.92%
- Beta
- 1.95
- R²
- 0.20
- Upside Capture
- 26.25%
- Downside Capture
- 167.13%
Expense Ratio
CWEB has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) 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.
| CWEB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.37 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.78 | -3.47 |
| Martin ratioReturn relative to average drawdown | -1.29 | 12.44 | -13.73 |
Dividends
Dividend History
Direxion Daily CSI China Internet Index Bull 2x Shares provided a 6.71% dividend yield over the last twelve months, with an annual payout of $1.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.34 | $1.11 | $1.46 | $0.88 | $0.00 | $0.00 | $0.00 | $1.80 | $2.98 | $15.22 |
Dividend yield | 6.71% | 2.77% | 4.59% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.23 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.11 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.08 | $1.46 |
| 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 |
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.
Loading charts...
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 97.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -98.09%Oct 2022 | 1y 8mo | — | 5y 4moFeb 2021 - now |
2019 bear market2019 | -74.48%Jan 2019 | 11mo 9d | 2y 6d | 2y 11moJan 2018 - Jan 2021 |
2016 bear market2016 | -21.70%Dec 2016 | 1mo 18d | 1mo 22d | 3mo 10dNov 2016 - Feb 2017 |
2017 correction2017 | -19.99%Dec 2017 | 12d | 27d | 1mo 9dNov 2017 - Jan 2018 |
2017 correction2017 | -15.75%Oct 2017 | 13d | 22d | 1mo 5dOct 2017 - Nov 2017 |
Drawdown Indicators
| CWEB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -56.78% | -41.31% |
Max Drawdown (1Y)Largest decline over 1 year | -65.54% | -9.10% | -56.44% |
Max Drawdown (3Y)Largest decline over 3 years | -65.54% | -18.90% | -46.64% |
Max Drawdown (5Y)Largest decline over 5 years | -95.63% | -25.43% | -70.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -97.95% | -1.80% | -96.15% |
Average DrawdownAverage peak-to-trough decline | -65.63% | -10.71% | -54.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.57% | 2.03% | +32.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with CWEB
Add Direxion Daily CSI China Internet Index Bull 2x Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with CWEB