CWEB vs. FXI
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and iShares China Large-Cap ETF (FXI).
CWEB and FXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FXI is a passively managed fund by iShares that tracks the performance of the FTSE China 25 Index. It was launched on Oct 5, 2004. Both CWEB and FXI 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: CWEB or FXI.
Performance
CWEB vs. FXI - Performance Comparison
Returns By Period
In the year-to-date period, CWEB achieves a 3.21% return, which is significantly lower than FXI's 27.52% return.
CWEB
3.21%
-14.94%
-22.17%
0.20%
-32.38%
N/A
FXI
27.52%
-5.05%
4.47%
20.33%
-3.84%
0.08%
Key characteristics
| CWEB | FXI | |
|---|---|---|
| Sharpe Ratio | -0.09 | 0.63 |
| Sortino Ratio | 0.43 | 1.14 |
| Omega Ratio | 1.05 | 1.14 |
| Calmar Ratio | -0.07 | 0.35 |
| Martin Ratio | -0.29 | 2.00 |
| Ulcer Index | 25.06% | 10.22% |
| Daily Std Dev | 76.24% | 32.37% |
| Max Drawdown | -98.09% | -72.68% |
| Current Drawdown | -96.75% | -39.64% |
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CWEB vs. FXI - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than FXI's 0.74% expense ratio.
Correlation
The correlation between CWEB and FXI is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CWEB vs. FXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and iShares China Large-Cap ETF (FXI). 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
CWEB vs. FXI - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 2.50%, more than FXI's 2.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.50% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% |
FXI iShares China Large-Cap ETF | 2.27% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% | 2.51% | 2.64% |
Drawdowns
CWEB vs. FXI - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than FXI's maximum drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for CWEB and FXI. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. FXI - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 22.89% compared to iShares China Large-Cap ETF (FXI) at 10.45%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than FXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.