CWEB vs. TQQQ
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and ProShares UltraPro QQQ (TQQQ).
CWEB and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both CWEB and TQQQ 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 TQQQ.
Key characteristics
| CWEB | TQQQ | |
|---|---|---|
| YTD Return | 5.85% | 10.73% |
| 1Y Return | -10.74% | 100.94% |
| 3Y Return (Ann) | -59.56% | 2.17% |
| 5Y Return (Ann) | -34.59% | 28.66% |
| Sharpe Ratio | -0.13 | 2.18 |
| Daily Std Dev | 69.27% | 48.20% |
| Max Drawdown | -98.09% | -81.66% |
| Current Drawdown | -96.66% | -35.20% |
Correlation
The correlation between CWEB and TQQQ is 0.55, 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. TQQQ - Performance Comparison
In the year-to-date period, CWEB achieves a 5.85% return, which is significantly lower than TQQQ's 10.73% 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. TQQQ - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
CWEB vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 2.71%, more than TQQQ's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.71% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.26% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
CWEB vs. TQQQ - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CWEB and TQQQ. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. TQQQ - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 16.69% compared to ProShares UltraPro QQQ (TQQQ) at 15.55%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.