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

Correlation

The correlation between CWEB and TQQQ is 0.52, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

CWEB vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%NovemberDecember2025FebruaryMarchApril
-21.70%
-16.21%
CWEB
TQQQ

Key characteristics

Sharpe Ratio

CWEB:

0.55

TQQQ:

-0.03

Sortino Ratio

CWEB:

1.36

TQQQ:

0.35

Omega Ratio

CWEB:

1.16

TQQQ:

1.05

Calmar Ratio

CWEB:

0.45

TQQQ:

-0.05

Martin Ratio

CWEB:

1.49

TQQQ:

-0.12

Ulcer Index

CWEB:

29.68%

TQQQ:

16.49%

Daily Std Dev

CWEB:

80.16%

TQQQ:

58.51%

Max Drawdown

CWEB:

-98.09%

TQQQ:

-81.66%

Current Drawdown

CWEB:

-95.72%

TQQQ:

-35.36%

Returns By Period

In the year-to-date period, CWEB achieves a 35.48% return, which is significantly higher than TQQQ's -24.04% return.


CWEB

YTD

35.48%

1M

7.59%

6M

-21.64%

1Y

42.98%

5Y*

-26.48%

10Y*

N/A

TQQQ

YTD

-24.04%

1M

-14.23%

6M

-13.45%

1Y

0.75%

5Y*

42.70%

10Y*

30.97%

*Annualized

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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.


Expense ratio chart for CWEB: current value is 1.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CWEB: 1.30%
Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%

Risk-Adjusted Performance

CWEB vs. TQQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWEB
The Risk-Adjusted Performance Rank of CWEB is 5757
Overall Rank
The Sharpe Ratio Rank of CWEB is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of CWEB is 7373
Sortino Ratio Rank
The Omega Ratio Rank of CWEB is 7070
Omega Ratio Rank
The Calmar Ratio Rank of CWEB is 4646
Calmar Ratio Rank
The Martin Ratio Rank of CWEB is 4141
Martin Ratio Rank

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 2121
Overall Rank
The Sharpe Ratio Rank of TQQQ is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 2626
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 2727
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 1717
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 1818
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for CWEB, currently valued at 0.55, compared to the broader market-1.000.001.002.003.004.005.00
CWEB: 0.55
TQQQ: -0.03
The chart of Sortino ratio for CWEB, currently valued at 1.36, compared to the broader market-2.000.002.004.006.008.0010.0012.00
CWEB: 1.36
TQQQ: 0.35
The chart of Omega ratio for CWEB, currently valued at 1.16, compared to the broader market0.501.001.502.002.503.00
CWEB: 1.16
TQQQ: 1.05
The chart of Calmar ratio for CWEB, currently valued at 0.45, compared to the broader market0.005.0010.0015.00
CWEB: 0.45
TQQQ: -0.05
The chart of Martin ratio for CWEB, currently valued at 1.49, compared to the broader market0.0020.0040.0060.0080.00100.00
CWEB: 1.49
TQQQ: -0.12

The current CWEB Sharpe Ratio is 0.55, which is higher than the TQQQ Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of CWEB and TQQQ, 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-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.55
-0.03
CWEB
TQQQ

Dividends

CWEB vs. TQQQ - Dividend Comparison

CWEB's dividend yield for the trailing twelve months is around 3.07%, more than TQQQ's 1.65% yield.


TTM20242023202220212020201920182017201620152014
CWEB
Direxion Daily CSI China Internet Index Bull 2x Shares
3.07%4.59%2.63%0.00%0.00%0.00%0.64%1.59%2.98%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.65%1.27%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-95.72%
-35.36%
CWEB
TQQQ

Volatility

CWEB vs. TQQQ - Volatility Comparison

Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and ProShares UltraPro QQQ (TQQQ) have volatilities of 23.80% and 23.39%, 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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
23.80%
23.39%
CWEB
TQQQ