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 | 18.66% | 27.94% |
| 1Y Return | 12.02% | 36.91% |
| 3Y Return (Ann) | -22.98% | 6.52% |
| 5Y Return (Ann) | -5.22% | 22.46% |
| Sharpe Ratio | 0.18 | 1.34 |
| Sortino Ratio | 0.72 | 1.87 |
| Omega Ratio | 1.11 | 1.25 |
| Calmar Ratio | 0.14 | 1.58 |
| Martin Ratio | 0.62 | 4.04 |
| Ulcer Index | 17.53% | 8.73% |
| Daily Std Dev | 60.83% | 26.28% |
| Max Drawdown | -79.21% | -44.60% |
| Current Drawdown | -69.60% | -6.52% |
Correlation
The correlation between CHAU and GOOG is 0.32, 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 18.66% return, which is significantly lower than GOOG's 27.94% 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 2.55%, more than GOOG's 0.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 2.55% | 3.97% | 0.77% | 1.73% | 0.09% | 0.57% | 0.82% |
GOOG Alphabet Inc. | 0.22% | 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
Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a higher volatility of 25.05% compared to Alphabet Inc. (GOOG) at 6.76%. This indicates that CHAU's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.