Correlation
The correlation between CNXT and CWEB 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.
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.
Performance
CNXT vs. CWEB - Performance Comparison
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Key characteristics
CNXT:
0.28
CWEB:
0.12
CNXT:
0.81
CWEB:
0.74
CNXT:
1.12
CWEB:
1.09
CNXT:
0.21
CWEB:
0.07
CNXT:
0.47
CWEB:
0.22
CNXT:
29.95%
CWEB:
29.84%
CNXT:
54.69%
CWEB:
83.22%
CNXT:
-68.98%
CWEB:
-98.09%
CNXT:
-55.53%
CWEB:
-96.19%
Returns By Period
In the year-to-date period, CNXT achieves a -3.33% return, which is significantly lower than CWEB's 20.61% return.
CNXT
-3.33%
4.96%
-8.88%
15.07%
-6.00%
-1.05%
-7.32%
CWEB
20.61%
8.11%
12.58%
9.80%
-8.96%
-32.78%
N/A
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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 Rank
CNXT
CWEB
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.
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Dividends
CNXT vs. CWEB - Dividend Comparison
CNXT's dividend yield for the trailing twelve months is around 0.15%, less than CWEB's 3.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.15% | 0.15% | 0.00% | 0.00% | 9.23% | 0.01% | 0.45% | 0.00% | 0.19% |
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 3.44% | 4.59% | 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.
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Volatility
CNXT vs. CWEB - Volatility Comparison
The current volatility for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) is 7.34%, while Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a volatility of 17.63%. This indicates that CNXT experiences smaller price fluctuations and is considered to be less risky than CWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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