Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) belongs to the China Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CWEB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CWEB
CWEB charges 1.30% annually. There are 40 ETFs in the China Equities category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin FTSE China ETF | 0.19% | 279.32M | Nov 2017 | CWEB vs FLCH | |
| WisdomTree China ex-State-Owned Enterprises Fund | 0.32% | 495.28M | Sep 2012 | CWEB vs CXSE | |
| Themes China Generative Artificial Intelligence ET... | 0.39% | — | Jul 2025 | CWEB vs DRGN | |
| iShares MSCI China A UCITS ETF | 0.40% | — | Apr 2015 | CWEB vs ISVBF | |
| Xtrackers MSCI All China Equity ETF | 0.50% | 5.96M | Apr 2014 | CWEB vs CN |
Best Risk-Adjusted Alternatives to CWEB
CWEB has a PortfoliosLab risk / return rank of 4. There are 35 ETFs in the China Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares China Alpha Index ETF | 94 | 3.18M | Aug 2024 | CWEB vs KCAI | |
| VanEck Vectors ChinaAMC SME-ChiNext ETF | 84 | 121.57M | Jul 2014 | CWEB vs CNXT | |
| KraneShares SSE STAR Market 50 Index ETF | 83 | 385.27M | Jan 2021 | CWEB vs KSTR | |
| Neuberger Berman China Equity ETF | 77 | 18.42M | Oct 2023 | CWEB vs NBCE | |
| KraneShares Bosera MSCI China A Share ETF | 75 | 149.93M | Mar 2014 | CWEB vs KBA |
Top Performing CWEB Alternatives (YTD)
CWEB is at -40.10% YTD. There are 38 ETFs in the China Equities category with higher YTD returns, going as high as 40.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares SSE STAR Market 50 Index ETF | 40.25% | 385.27M | Jan 2021 | CWEB vs KSTR | |
| Matthews China Discovery Active ETF | 31.65% | 22.41M | Jan 2024 | CWEB vs MCHS | |
| Direxion Daily China 3x Bear Shares | 25.47% | 93.03M | Dec 2009 | CWEB vs YANG | |
| VanEck Vectors ChinaAMC SME-ChiNext ETF | 18.94% | 121.57M | Jul 2014 | CWEB vs CNXT | |
| ProShares UltraShort FTSE China 50 | 17.49% | 6.74M | Nov 2007 | CWEB vs FXP |
Lowest Volatility Alternatives to CWEB
CWEB has 54.88% 1-year volatility. There are 35 ETFs in the China Equities category with lower 1-year volatility, going as low as 14.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares China Alpha Index ETF | 14.03% | 3.18M | Aug 2024 | CWEB vs KCAI | |
| JPMorgan Active China ETF | 18.60% | 14.77M | Mar 2023 | CWEB vs JCHI | |
| SPDR S&P China ETF | 19.22% | 447.72M | Mar 2007 | CWEB vs GXC | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 19.27% | 1.35B | Nov 2013 | CWEB vs ASHR | |
| Franklin FTSE China ETF | 19.62% | 279.32M | Nov 2017 | CWEB vs FLCH |
Lowest Drawdown Alternatives to CWEB
CWEB has a 1-year max drawdown of -69.36%. There are 35 ETFs in the China Equities category with shallower 1-year drawdowns, going as shallow as -5.90%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares China Alpha Index ETF | -5.90% | 3.18M | Aug 2024 | CWEB vs KCAI | |
| KraneShares Bosera MSCI China A Share ETF | -7.65% | 149.93M | Mar 2014 | CWEB vs KBA | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | -7.69% | 1.35B | Nov 2013 | CWEB vs ASHR | |
| iShares MSCI China A ETF | -7.91% | 232.89M | Jun 2016 | CWEB vs CNYA | |
| ProShares Short FTSE China 50 | -11.39% | 4.73M | Mar 2010 | CWEB vs YXI |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $25B.
Often Compared With CWEB
Investors most often compare CWEB with KWEB, YINN, CQQQ. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare CWEB with Any Fund or Stock
Compare CWEB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CWEB with funds that move differently
Direxion Daily CSI China Internet Index Bull 2x Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CWEB.
Explore CWEB Diversifiers