CWEB vs. IBIC
CWEB (Direxion Daily CSI China Internet Index Bull 2x Shares) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - CWEB is a Leveraged Equities fund tracking the CSI China Overseas Internet Index (200%), while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, CWEB returned -44.54% vs 4.38% for IBIC. At a correlation of -0.02, they often move in opposite directions. CWEB charges 1.30%/yr vs 0.10%/yr for IBIC.
Performance
CWEB vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, CWEB achieves a -49.71% return, which is significantly lower than IBIC's 2.39% return.
CWEB
- 1D
- -1.57%
- 1M
- -14.35%
- YTD
- -49.71%
- 6M
- -51.73%
- 1Y
- -44.54%
- 3Y*
- -14.65%
- 5Y*
- -44.79%
- 10Y*
- —
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWEB vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | -49.71% | 29.04% | 0.12% | -7.37% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between CWEB and IBIC is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.02 |
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Return for Risk
CWEB vs. IBIC — Risk / Return Rank
CWEB
IBIC
CWEB vs. IBIC - 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 iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.77 | ||
| Sortino ratioReturn per unit of downside risk | -10.04 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 2.21 | -1.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 16.41 | -17.10 |
| Martin ratioReturn relative to average drawdown | -1.29 | 58.11 | -59.40 |
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Drawdowns
CWEB vs. IBIC - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for CWEB and IBIC.
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Drawdown Indicators
| CWEB | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -0.90% | -97.19% |
Max Drawdown (1Y)Largest decline over 1 year | -65.54% | -0.27% | -65.27% |
Max Drawdown (3Y)Largest decline over 3 years | -65.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -95.63% | — | — |
Current DrawdownCurrent decline from peak | -97.95% | -0.11% | -97.84% |
Average DrawdownAverage peak-to-trough decline | -65.63% | -0.10% | -65.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.57% | 0.08% | +34.49% |
Volatility
CWEB vs. IBIC - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 16.25% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEB | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 0.16% | +16.09% |
Volatility (6M)Calculated over the trailing 6-month period | 40.73% | 0.67% | +40.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.19% | 0.89% | +53.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.56% | 1.57% | +92.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.55% | 1.57% | +78.98% |
CWEB vs. IBIC - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
CWEB vs. IBIC - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 6.71%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 6.71% | 2.77% | 4.59% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CWEB and IBIC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWEB has higher volatility (16.25%) compared to IBIC (0.16%). In terms of maximum drawdown, CWEB dropped -98.09% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -44.54% for CWEB. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.38% return vs -44.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 1.30% for CWEB.
CWEB has the higher dividend yield at 6.71%, compared with 3.59% for IBIC.
CWEB is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. CWEB tracks CSI China Overseas Internet Index (200%), while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.30% for CWEB and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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