CWEB vs. KWEB
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and KraneShares CSI China Internet ETF (KWEB).
CWEB and KWEB 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. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both CWEB and KWEB 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 KWEB.
Key characteristics
| CWEB | KWEB | |
|---|---|---|
| YTD Return | 6.01% | 13.52% |
| 1Y Return | 5.92% | 14.62% |
| 3Y Return (Ann) | -45.93% | -13.68% |
| 5Y Return (Ann) | -32.07% | -5.99% |
| Sharpe Ratio | 0.11 | 0.41 |
| Sortino Ratio | 0.75 | 0.90 |
| Omega Ratio | 1.09 | 1.11 |
| Calmar Ratio | 0.09 | 0.21 |
| Martin Ratio | 0.34 | 1.30 |
| Ulcer Index | 24.79% | 12.37% |
| Daily Std Dev | 76.57% | 38.70% |
| Max Drawdown | -98.09% | -80.92% |
| Current Drawdown | -96.66% | -67.70% |
Correlation
The correlation between CWEB and KWEB is 0.99, 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.
Performance
CWEB vs. KWEB - Performance Comparison
In the year-to-date period, CWEB achieves a 6.01% return, which is significantly lower than KWEB's 13.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CWEB vs. KWEB - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than KWEB's 0.76% expense ratio.
Risk-Adjusted Performance
CWEB vs. KWEB - 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 KraneShares CSI China Internet ETF (KWEB). 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. KWEB - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 2.44%, more than KWEB's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.44% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 1.50% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
Drawdowns
CWEB vs. KWEB - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than KWEB's maximum drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for CWEB and KWEB. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. KWEB - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 28.83% compared to KraneShares CSI China Internet ETF (KWEB) at 14.53%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.