CHAU vs. WNTR
CHAU (Direxion Daily CSI 300 China A Share Bull 2x Shares) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - CHAU is a China Equities fund tracking the CSI 300 Index (200%), while WNTR is a Derivative Income fund actively managed by YieldMax. CHAU is passively managed, while WNTR is actively managed. Over the past year, CHAU returned 41.75% vs 107.38% for WNTR. Their -0.22 correlation means they have often moved in opposite directions in the past. CHAU charges 1.21%/yr vs 1.00%/yr for WNTR.
Performance
CHAU vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, CHAU achieves a 3.41% return, which is significantly lower than WNTR's 10.75% return.
CHAU
- 1D
- -0.55%
- 1M
- -6.06%
- 6M
- 0.47%
- YTD
- 3.41%
- 1Y
- 41.75%
- 3Y*
- 6.15%
- 5Y*
- -8.33%
- 10Y*
- 3.36%
- ALL TIME*
- -4.90%
WNTR
- 1D
- 3.26%
- 1M
- 8.13%
- 6M
- 14.92%
- YTD
- 10.75%
- 1Y
- 107.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.26M | $3.47M | $3.01M | |
| $4.02M | $3.86M | $3.95M |
CHAU vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 3.41% | 48.06% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between CHAU and WNTR is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.22 |
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Return for Risk
CHAU vs. WNTR — Risk / Return Rank
CHAU
WNTR
CHAU vs. WNTR - 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 YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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.
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.
| CHAU | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.71 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.94 | 6.87 | -0.93 |
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Drawdowns
CHAU vs. WNTR - Drawdown Comparison
The maximum CHAU drawdown since its inception was -79.21%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for CHAU and WNTR.
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Drawdown Indicators
| CHAU | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.21% | -42.65% | -36.56% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -42.65% | +23.38% |
Max Drawdown (3Y)Largest decline over 3 years | -59.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -71.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | — | — |
Current DrawdownCurrent decline from peak | -58.27% | -9.64% | -48.63% |
Average DrawdownAverage peak-to-trough decline | -58.83% | -20.18% | -38.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.79% | 16.81% | -10.02% |
Volatility
CHAU vs. WNTR - Volatility Comparison
Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a higher volatility of 17.39% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 14.85%. This indicates that CHAU's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHAU | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.39% | 14.85% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 30.77% | 47.43% | -16.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.40% | 54.68% | -15.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.27% | 53.42% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.45% | 53.42% | -5.97% |
CHAU vs. WNTR - Expense Ratio Comparison
CHAU has a 1.21% expense ratio, which is higher than WNTR's 1.00% expense ratio.
Dividends
CHAU vs. WNTR - Dividend Comparison
CHAU's dividend yield for the trailing twelve months is around 2.09%, less than WNTR's 107.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.02% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CHAU and WNTR have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHAU has higher volatility (17.39%) compared to WNTR (14.85%). In terms of maximum drawdown, CHAU dropped -79.21% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs 41.75% for CHAU. On fees, WNTR is cheaper at 1.00% per year. On volatility, WNTR has been the lower-risk option at 14.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 107.38% return vs 41.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WNTR is cheaper with a 1.00% expense ratio, compared with 1.21% for CHAU.
WNTR has the higher dividend yield at 107.02%, compared with 2.09% for CHAU.
CHAU is categorized as China Equities, while WNTR is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.21% for CHAU and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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