CNXT vs. CWEB
Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB).
CNXT and CWEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016. Both CNXT and CWEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNXT or CWEB.
Key characteristics
| CNXT | CWEB | |
|---|---|---|
| YTD Return | 25.62% | 26.39% |
| 1Y Return | 19.76% | 23.91% |
| 3Y Return (Ann) | -14.36% | -38.68% |
| 5Y Return (Ann) | 3.17% | -30.87% |
| Sharpe Ratio | 0.45 | 0.34 |
| Sortino Ratio | 1.09 | 1.06 |
| Omega Ratio | 1.17 | 1.12 |
| Calmar Ratio | 0.34 | 0.25 |
| Martin Ratio | 1.43 | 1.02 |
| Ulcer Index | 16.10% | 24.34% |
| Daily Std Dev | 50.49% | 74.22% |
| Max Drawdown | -68.98% | -98.09% |
| Current Drawdown | -48.59% | -96.02% |
Correlation
The correlation between CNXT and CWEB is 0.55, 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.
Performance
CNXT vs. CWEB - Performance Comparison
The year-to-date returns for both investments are quite close, with CNXT having a 25.62% return and CWEB slightly higher at 26.39%. 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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CNXT vs. CWEB - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is lower than CWEB's 1.30% expense ratio.
Risk-Adjusted Performance
CNXT vs. CWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB). 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
CNXT vs. CWEB - Dividend Comparison
CNXT has not paid dividends to shareholders, while CWEB's dividend yield for the trailing twelve months is around 2.04%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.00% | 0.00% | 0.00% | 9.23% | 0.01% | 0.45% | 0.00% | 0.19% |
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.04% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% |
Drawdowns
CNXT vs. CWEB - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, smaller than the maximum CWEB drawdown of -98.09%. Use the drawdown chart below to compare losses from any high point for CNXT and CWEB. For additional features, visit the drawdowns tool.
Volatility
CNXT vs. CWEB - Volatility Comparison
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) have volatilities of 30.75% and 30.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.