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CWEB vs. SOXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

CWEB vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
-6.39%
-44.36%
CWEB
SOXL

Returns By Period

In the year-to-date period, CWEB achieves a 5.95% return, which is significantly higher than SOXL's -8.78% return.


CWEB

YTD

5.95%

1M

-13.43%

6M

-6.93%

1Y

-0.10%

5Y (annualized)

-31.81%

10Y (annualized)

N/A

SOXL

YTD

-8.78%

1M

-17.87%

6M

-41.36%

1Y

24.82%

5Y (annualized)

15.68%

10Y (annualized)

30.95%

Key characteristics


CWEBSOXL
Sharpe Ratio0.010.26
Sortino Ratio0.591.04
Omega Ratio1.071.13
Calmar Ratio0.010.37
Martin Ratio0.030.80
Ulcer Index25.26%32.04%
Daily Std Dev75.54%100.68%
Max Drawdown-98.09%-90.46%
Current Drawdown-96.66%-60.15%

Compare stocks, funds, or ETFs

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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.


CWEB
Direxion Daily CSI China Internet Index Bull 2x Shares
Expense ratio chart for CWEB: current value at 1.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.30%
Expense ratio chart for SOXL: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Correlation

-0.50.00.51.00.5

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.

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.


Sharpe ratio
The chart of Sharpe ratio for CWEB, currently valued at 0.01, compared to the broader market0.002.004.000.010.26
The chart of Sortino ratio for CWEB, currently valued at 0.59, compared to the broader market-2.000.002.004.006.008.0010.000.591.04
The chart of Omega ratio for CWEB, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.001.071.13
The chart of Calmar ratio for CWEB, currently valued at 0.01, compared to the broader market0.005.0010.0015.000.010.37
The chart of Martin ratio for CWEB, currently valued at 0.03, compared to the broader market0.0020.0040.0060.0080.00100.000.030.80
CWEB
SOXL

The current CWEB Sharpe Ratio is 0.01, which is lower than the SOXL Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of CWEB and SOXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
0.01
0.26
CWEB
SOXL

Dividends

CWEB vs. SOXL - Dividend Comparison

CWEB's dividend yield for the trailing twelve months is around 2.44%, more than SOXL's 1.08% yield.


TTM2023202220212020201920182017201620152014
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%
SOXL
Direxion Daily Semiconductor Bull 3x Shares
1.08%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-96.66%
-60.15%
CWEB
SOXL

Volatility

CWEB vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) is 23.36%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 27.45%. This indicates that CWEB experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%JuneJulyAugustSeptemberOctoberNovember
23.36%
27.45%
CWEB
SOXL