CWEB vs. YANG
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Direxion Daily China 3x Bear Shares (YANG).
CWEB and YANG 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. YANG is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (-300%). It was launched on Dec 3, 2009. Both CWEB and YANG 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 YANG.
Key characteristics
| CWEB | YANG | |
|---|---|---|
| YTD Return | 15.82% | -71.67% |
| 1Y Return | 18.89% | -69.05% |
| 3Y Return (Ann) | -41.21% | -40.65% |
| 5Y Return (Ann) | -31.89% | -39.04% |
| Sharpe Ratio | 0.19 | -0.68 |
| Sortino Ratio | 0.86 | -0.84 |
| Omega Ratio | 1.10 | 0.89 |
| Calmar Ratio | 0.14 | -0.68 |
| Martin Ratio | 0.58 | -1.40 |
| Ulcer Index | 24.56% | 48.44% |
| Daily Std Dev | 76.12% | 99.36% |
| Max Drawdown | -98.09% | -99.96% |
| Current Drawdown | -96.35% | -99.94% |
Correlation
The correlation between CWEB and YANG is -0.85. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CWEB vs. YANG - Performance Comparison
In the year-to-date period, CWEB achieves a 15.82% return, which is significantly higher than YANG's -71.67% 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. YANG - Expense Ratio Comparison
CWEB has a 1.30% expense ratio, which is higher than YANG's 1.07% expense ratio.
Risk-Adjusted Performance
CWEB vs. YANG - 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 China 3x Bear Shares (YANG). 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. YANG - Dividend Comparison
CWEB's dividend yield for the trailing twelve months is around 2.23%, less than YANG's 6.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% |
YANG Direxion Daily China 3x Bear Shares | 6.30% | 2.62% | 0.00% | 0.00% | 0.68% | 1.13% | 0.33% | 0.00% |
Drawdowns
CWEB vs. YANG - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, roughly equal to the maximum YANG drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for CWEB and YANG. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. YANG - Volatility Comparison
The current volatility for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) is 27.94%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 36.37%. This indicates that CWEB experiences smaller price fluctuations and is considered to be less risky than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.