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CHAU vs. QQQE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CHAU vs. QQQE

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).

CHAU and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both CHAU and QQQE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CHAU vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

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CHAU vs. QQQE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CHAU
Direxion Daily CSI 300 China A Share Bull 2x Shares		-2.48%47.73%6.61%-28.25%-49.17%-2.84%71.95%70.01%-51.03%74.91%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		-2.88%14.58%6.98%33.76%-24.47%17.93%37.85%36.43%-5.40%26.53%

Returns By Period

In the year-to-date period, CHAU achieves a -2.48% return, which is significantly higher than QQQE's -2.88% return. Over the past 10 years, CHAU has underperformed QQQE with an annualized return of 2.21%, while QQQE has yielded a comparatively higher 13.30% annualized return.

CHAU

1D
0.74%
1M
-8.47%
YTD
-2.48%
6M
-0.27%
1Y
47.33%
3Y*
0.30%
5Y*
-10.61%
10Y*
2.21%

QQQE

1D
0.68%
1M
-4.20%
YTD
-2.88%
6M
-2.59%
1Y
13.91%
3Y*
11.84%
5Y*
6.34%
10Y*
13.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Direxion Daily CSI 300 China A Share Bull 2x Shares

Direxion NASDAQ-100 Equal Weighted Index Shares

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Often compared with QQQE:
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CHAU vs. QQQE - Expense Ratio Comparison

CHAU has a 1.21% expense ratio, which is higher than QQQE's 0.35% expense ratio.

CHAU
Direxion Daily CSI 300 China A Share Bull 2x Shares
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares

Return for Risk

CHAU vs. QQQE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHAU
CHAU Risk / Return Rank: 7171
Overall Rank
CHAU Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CHAU Sortino Ratio Rank: 6767
Sortino Ratio Rank
CHAU Omega Ratio Rank: 6767
Omega Ratio Rank
CHAU Calmar Ratio Rank: 7474
Calmar Ratio Rank
CHAU Martin Ratio Rank: 7575
Martin Ratio Rank
QQQE
QQQE Risk / Return Rank: 3939
Overall Rank
QQQE Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
QQQE Sortino Ratio Rank: 3737
Sortino Ratio Rank
QQQE Omega Ratio Rank: 3838
Omega Ratio Rank
QQQE Calmar Ratio Rank: 4242
Calmar Ratio Rank
QQQE Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHAU vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.

CHAUQQQEDifference

Sharpe ratio

Return per unit of total volatility

1.29

0.68

+0.61

Sortino ratio

Return per unit of downside risk

1.76

1.13

+0.64

Omega ratio

Gain probability vs. loss probability

1.26

1.16

+0.10

Calmar ratio

Return relative to maximum drawdown

2.08

1.14

+0.94

Martin ratio

Return relative to average drawdown

8.42

4.59

+3.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHAU vs. QQQE - Sharpe Ratio Comparison

The current CHAU Sharpe Ratio is 1.29, which is higher than the QQQE Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of CHAU and QQQE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CHAUQQQEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.29

0.68

+0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.23

0.31

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.05

0.64

-0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.10

0.69

-0.79

Correlation

The correlation between CHAU and QQQE is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CHAU vs. QQQE - Dividend Comparison

CHAU's dividend yield for the trailing twelve months is around 2.09%, more than QQQE's 0.64% yield.

TTM20252024202320222021202020192018201720162015
CHAU
Direxion Daily CSI 300 China A Share Bull 2x Shares		2.09%1.97%2.25%3.97%0.77%1.73%0.09%0.58%0.83%0.00%0.00%0.00%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		0.64%0.52%0.86%0.79%0.98%3.83%0.54%0.74%0.80%0.65%1.17%0.57%

Drawdowns

CHAU vs. QQQE - Drawdown Comparison

The maximum CHAU drawdown since its inception was -79.21%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for CHAU and QQQE.

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Drawdown Indicators

CHAUQQQEDifference

Max Drawdown

Largest peak-to-trough decline

-79.21%

-32.14%

-47.07%

Max Drawdown (1Y)

Largest decline over 1 year

-21.99%

-12.74%

-9.25%

Max Drawdown (5Y)

Largest decline over 5 years

-74.32%

-32.14%

-42.18%

Max Drawdown (10Y)

Largest decline over 10 years

-78.58%

-32.14%

-46.44%

Current Drawdown

Current decline from peak

-60.65%

-6.45%

-54.20%

Average Drawdown

Average peak-to-trough decline

-58.96%

-5.22%

-53.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.47%

3.16%

+2.31%

Volatility

CHAU vs. QQQE - Volatility Comparison

Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a higher volatility of 9.69% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.64%. This indicates that CHAU's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CHAUQQQEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.69%

5.64%

+4.05%

Volatility (6M)

Calculated over the trailing 6-month period

22.47%

11.05%

+11.42%

Volatility (1Y)

Calculated over the trailing 1-year period

36.74%

20.47%

+16.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

46.97%

20.32%

+26.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.25%

20.71%

+26.54%