CHAU vs. GOOG
Compare and contrast key facts about Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Alphabet Inc. (GOOG).
CHAU is a passively managed fund by Direxion that tracks the performance of the CSI 300 Index (200%). It was launched on Apr 16, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHAU or GOOG.
Key characteristics
| CHAU | GOOG | |
|---|---|---|
| YTD Return | 3.21% | 16.82% |
| 1Y Return | -29.29% | 52.85% |
| 3Y Return (Ann) | -28.14% | 10.99% |
| 5Y Return (Ann) | -8.39% | 23.21% |
| Sharpe Ratio | -0.85 | 1.81 |
| Daily Std Dev | 35.84% | 28.79% |
| Max Drawdown | -79.21% | -44.60% |
| Current Drawdown | -73.55% | -5.21% |
Correlation
The correlation between CHAU and GOOG is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CHAU vs. GOOG - Performance Comparison
In the year-to-date period, CHAU achieves a 3.21% return, which is significantly lower than GOOG's 16.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CHAU vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Alphabet Inc. (GOOG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CHAU vs. GOOG - Dividend Comparison
CHAU's dividend yield for the trailing twelve months is around 3.49%, while GOOG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 3.49% | 3.97% | 0.77% | 1.73% | 0.09% | 0.58% | 0.83% |
GOOG Alphabet Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CHAU vs. GOOG - Drawdown Comparison
The maximum CHAU drawdown since its inception was -79.21%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for CHAU and GOOG. For additional features, visit the drawdowns tool.
Volatility
CHAU vs. GOOG - Volatility Comparison
The current volatility for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) is 9.86%, while Alphabet Inc. (GOOG) has a volatility of 11.96%. This indicates that CHAU experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.