CWEB vs. SOXL
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
CWEB and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both CWEB and SOXL 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 SOXL.
Key characteristics
| CWEB | SOXL | |
|---|---|---|
| YTD Return | 15.82% | 13.38% |
| 1Y Return | 18.89% | 94.03% |
| 3Y Return (Ann) | -41.21% | -17.11% |
| 5Y Return (Ann) | -31.89% | 18.83% |
| Sharpe Ratio | 0.19 | 0.90 |
| Sortino Ratio | 0.86 | 1.65 |
| Omega Ratio | 1.10 | 1.22 |
| Calmar Ratio | 0.14 | 1.22 |
| Martin Ratio | 0.58 | 3.02 |
| Ulcer Index | 24.56% | 30.16% |
| Daily Std Dev | 76.12% | 100.90% |
| Max Drawdown | -98.09% | -90.46% |
| Current Drawdown | -96.35% | -50.48% |
Correlation
The correlation between CWEB and SOXL is 0.51, 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.
Performance
CWEB vs. SOXL - Performance Comparison
In the year-to-date period, CWEB achieves a 15.82% return, which is significantly higher than SOXL's 13.38% 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. SOXL - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
CWEB vs. SOXL - 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 Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 2.23%, more than SOXL's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.23% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.87% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
CWEB vs. SOXL - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for CWEB and SOXL. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. SOXL - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily Semiconductor Bull 3x Shares (SOXL) have volatilities of 27.94% and 28.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.