CWEB vs. CIFG

Last updated Jun 24, 2026

CWEB (Direxion Daily CSI China Internet Index Bull 2x Shares) and CIFG (Leverage Shares 2X Long CIFR Daily ETF) are both Leveraged Equities funds. CWEB is passively managed, while CIFG is actively managed. At a 0.36 correlation, their price movements are largely independent. CWEB charges 1.30%/yr vs 0.75%/yr for CIFG.

Performance

CWEB vs. CIFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Leverage Shares 2X Long CIFR Daily ETF (CIFG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWEB achieves a -52.10% return, which is significantly lower than CIFG's 96.56% return.

CWEB

• 1D: -4.75%
• 1M: -18.42%
• YTD: -52.10%
• 6M: -53.54%
• 1Y: -48.20%
• 3Y*: -16.02%
• 5Y*: -45.85%
• 10Y*: —

CIFG

• 1D: -3.87%
• 1M: 42.24%
• YTD: 96.56%
• 6M: 67.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CWEB vs. CIFG - Yearly Performance Comparison

	2026 (YTD)	2025
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares	-52.10%	-6.08%
CIFG Leverage Shares 2X Long CIFR Daily ETF	96.56%	-32.52%

Correlation

The correlation between CWEB and CIFG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.36

Return for Risk

CWEB vs. CIFG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWEB

CWEB Risk / Return Rank: 2
CWEB Sharpe Ratio Rank: 2
CWEB Sortino Ratio Rank: 2
CWEB Omega Ratio Rank: 2
CWEB Calmar Ratio Rank: 3
CWEB Martin Ratio Rank: 2

CIFG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CWEB vs. CIFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Leverage Shares 2X Long CIFR Daily ETF (CIFG). 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.

	CWEB	CIFG	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.31	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.72	—	—
Martin ratio: Return relative to average drawdown	-1.38	—	—

Drawdowns

CWEB vs. CIFG - Drawdown Comparison

The maximum CWEB drawdown since its inception was -98.09%, which is greater than CIFG's maximum drawdown of -71.71%. Use the drawdown chart below to compare losses from any high point for CWEB and CIFG.

Drawdown Indicators

	CWEB	CIFG	Difference
Max Drawdown Largest peak-to-trough decline	-98.09%	-71.71%	-26.38%
Max Drawdown (1Y) Largest decline over 1 year	-67.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-95.63%	—	—
Current Drawdown Current decline from peak	-98.05%	-10.44%	-87.61%
Average Drawdown Average peak-to-trough decline	-65.64%	-35.54%	-30.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.83%	—	—

Volatility

Volatility by Period

	CWEB	CIFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.27%	205.93%	-151.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.57%	205.93%	-111.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.54%	205.93%	-125.39%

CWEB vs. CIFG - Expense Ratio Comparison

CWEB has a 1.30% expense ratio, which is higher than CIFG's 0.75% expense ratio.

Dividends

CWEB vs. CIFG - Dividend Comparison

CWEB's dividend yield for the trailing twelve months is around 7.05%, while CIFG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIFG Leverage Shares 2X Long CIFR Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares	7.05%	2.77%	4.59%	2.63%	0.00%	0.00%	0.00%	0.64%	1.59%	2.98%

Frequently Asked Questions

Can I hold both CWEB and CIFG in my portfolio?

CWEB and CIFG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWEB or CIFG?

On fees, CIFG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWEB or CIFG?

CIFG is cheaper with a 0.75% expense ratio, compared with 1.30% for CWEB.

Which ETF pays a higher dividend yield, CWEB or CIFG?

CWEB has the higher dividend yield at 7.05%, compared with 0.00% for CIFG.

What is the main difference between CWEB and CIFG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.30% for CWEB and 0.75% for CIFG.