CWEB vs. IBID
CWEB (Direxion Daily CSI China Internet Index Bull 2x Shares) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - CWEB is a Leveraged Equities fund tracking the CSI China Overseas Internet Index (200%), while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, CWEB returned -44.54% vs 4.04% for IBID. At a correlation of -0.01, they often move in opposite directions. CWEB charges 1.30%/yr vs 0.10%/yr for IBID.
Performance
CWEB vs. IBID - 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 IBID's 1.99% return.
CWEB
- 1D
- -1.57%
- 1M
- -14.35%
- YTD
- -49.71%
- 6M
- -51.73%
- 1Y
- -44.54%
- 3Y*
- -14.65%
- 5Y*
- -44.79%
- 10Y*
- —
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWEB vs. IBID - 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% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between CWEB and IBID is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.01 |
The correlation between CWEB and IBID shifts across timeframes, from -0.13 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CWEB vs. IBID — Risk / Return Rank
CWEB
IBID
CWEB vs. IBID - 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 2027 Term TIPS ETF (IBID). 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 | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.12 | ||
| Sortino ratioReturn per unit of downside risk | -6.70 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.75 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 8.22 | -8.90 |
| Martin ratioReturn relative to average drawdown | -1.29 | 30.99 | -32.28 |
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Drawdowns
CWEB vs. IBID - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for CWEB and IBID.
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Drawdown Indicators
| CWEB | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -1.28% | -96.81% |
Max Drawdown (1Y)Largest decline over 1 year | -65.54% | -0.49% | -65.05% |
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% | -0.49% | -97.46% |
Average DrawdownAverage peak-to-trough decline | -65.63% | -0.22% | -65.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.57% | 0.13% | +34.44% |
Volatility
CWEB vs. IBID - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 16.25% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEB | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.25% | 0.35% | +15.90% |
Volatility (6M)Calculated over the trailing 6-month period | 40.73% | 0.86% | +39.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.19% | 1.23% | +52.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.56% | 2.24% | +92.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.55% | 2.24% | +78.31% |
CWEB vs. IBID - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
CWEB vs. IBID - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 6.71%, more than IBID's 3.68% 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% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CWEB and IBID have a correlation of -0.13, 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 IBID (0.35%). In terms of maximum drawdown, CWEB dropped -98.09% vs IBID's -1.28%.
On 1-year performance, IBID leads with 4.04% vs -44.54% for CWEB. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBID has performed better with a 4.04% return vs -44.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID 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 3.68% for IBID.
CWEB is categorized as Leveraged Equities, while IBID is Inflation-Protected Bonds. CWEB tracks CSI China Overseas Internet Index (200%), while IBID tracks ICE 2027 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 IBID.
IBID currently has the higher Sharpe Ratio (3.29 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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