CWEB vs. KSTR
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and KraneShares SSE STAR Market 50 Index ETF (KSTR).
CWEB and KSTR 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. KSTR is a passively managed fund by KraneShares that tracks the performance of the SSE Science and Technology Innovation Board 50 Index. It was launched on Jan 26, 2021. Both CWEB and KSTR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CWEB vs. KSTR - Performance Comparison
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CWEB vs. KSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | -32.69% | 29.04% | 0.12% | -32.85% | -59.43% | -84.41% |
KSTR KraneShares SSE STAR Market 50 Index ETF | -1.77% | 42.82% | 6.12% | -17.93% | -38.51% | -1.70% |
Returns By Period
In the year-to-date period, CWEB achieves a -32.69% return, which is significantly lower than KSTR's -1.77% return.
CWEB
- 1D
- 5.19%
- 1M
- -17.05%
- YTD
- -32.69%
- 6M
- -51.81%
- 1Y
- -35.59%
- 3Y*
- -16.49%
- 5Y*
- -45.09%
- 10Y*
- —
KSTR
- 1D
- 0.49%
- 1M
- -13.81%
- YTD
- -1.77%
- 6M
- -9.10%
- 1Y
- 31.42%
- 3Y*
- 2.49%
- 5Y*
- -3.10%
- 10Y*
- —
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CWEB vs. KSTR - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than KSTR's 0.89% expense ratio.
Return for Risk
CWEB vs. KSTR — Risk / Return Rank
CWEB
KSTR
CWEB vs. KSTR - 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 KraneShares SSE STAR Market 50 Index ETF (KSTR). 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.
| CWEB | KSTR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.61 | 0.97 | -1.58 |
Sortino ratioReturn per unit of downside risk | -0.62 | 1.49 | -2.11 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.20 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.64 | 1.76 | -2.41 |
Martin ratioReturn relative to average drawdown | -1.53 | 4.72 | -6.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CWEB | KSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | 0.97 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | -0.08 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.15 | -0.09 |
Correlation
The correlation between CWEB and KSTR is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CWEB vs. KSTR - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 5.02%, while KSTR has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 5.02% | 2.77% | 4.59% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% |
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CWEB vs. KSTR - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than KSTR's maximum drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for CWEB and KSTR.
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Drawdown Indicators
| CWEB | KSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -66.46% | -31.63% |
Max Drawdown (1Y)Largest decline over 1 year | -56.15% | -17.70% | -38.45% |
Max Drawdown (5Y)Largest decline over 5 years | -96.62% | -66.46% | -30.16% |
Current DrawdownCurrent decline from peak | -97.26% | -34.22% | -63.04% |
Average DrawdownAverage peak-to-trough decline | -64.83% | -39.46% | -25.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.72% | 6.62% | +17.10% |
Volatility
CWEB vs. KSTR - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 18.23% compared to KraneShares SSE STAR Market 50 Index ETF (KSTR) at 11.77%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than KSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEB | KSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.23% | 11.77% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 38.34% | 22.37% | +15.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.92% | 32.49% | +26.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.41% | 37.45% | +56.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.97% | 37.24% | +43.73% |