CHAU vs. XTAP
Compare and contrast key facts about Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
CHAU and XTAP 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. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
CHAU vs. XTAP - Performance Comparison
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CHAU vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | -2.48% | 47.73% | 6.61% | -28.25% | -49.17% | 1.88% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 2.38% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
Returns By Period
In the year-to-date period, CHAU achieves a -2.48% return, which is significantly lower than XTAP's 2.38% 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%
XTAP
- 1D
- 0.70%
- 1M
- 1.34%
- YTD
- 2.38%
- 6M
- 4.98%
- 1Y
- 16.56%
- 3Y*
- 16.49%
- 5Y*
- —
- 10Y*
- —
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CHAU vs. XTAP - Expense Ratio Comparison
CHAU has a 1.21% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
CHAU vs. XTAP — Risk / Return Rank
CHAU
XTAP
CHAU vs. XTAP - 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 Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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.
| CHAU | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.16 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.79 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.45 | +0.63 |
Martin ratioReturn relative to average drawdown | 8.42 | 9.90 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHAU | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.16 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.70 | -0.80 |
Correlation
The correlation between CHAU and XTAP is 0.26, 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.
Dividends
CHAU vs. XTAP - Dividend Comparison
CHAU's dividend yield for the trailing twelve months is around 2.09%, while XTAP has not paid dividends to shareholders.
| 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% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CHAU vs. XTAP - Drawdown Comparison
The maximum CHAU drawdown since its inception was -79.21%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for CHAU and XTAP.
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Drawdown Indicators
| CHAU | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.21% | -22.13% | -57.08% |
Max Drawdown (1Y)Largest decline over 1 year | -21.99% | -11.83% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -74.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | — | — |
Current DrawdownCurrent decline from peak | -60.65% | 0.00% | -60.65% |
Average DrawdownAverage peak-to-trough decline | -58.96% | -3.57% | -55.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 1.73% | +3.74% |
Volatility
CHAU vs. XTAP - Volatility Comparison
Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a higher volatility of 9.69% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.99%. This indicates that CHAU's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHAU | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.69% | 0.99% | +8.70% |
Volatility (6M)Calculated over the trailing 6-month period | 22.47% | 2.61% | +19.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.74% | 14.34% | +22.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.97% | 14.60% | +32.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.25% | 14.60% | +32.65% |