Direxion Daily CSI 300 China A Share Bull 2X Shares
$20.55−0.72 (−3.39%)
- Expense ratio
- 1.19%
- Fund size
- $95M
- 1Y return
- +10.1%
- Yield · Last 12 months
- 2.14%
- Holdings
- 9
- Volume · 30D
- 0.1M sh
- NAV per share
- $20.45
- 52W range
The ETF.net CHAU Grade
Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 32Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on CHAU
CMost leveraged funds point at US indexes. CHAU aims a 2x daily dial at the CSI 300, the blue-chip gauge of mainland China's A-share market, and has since 2015. Built for one trading day at a time.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the CSI 300 Index. Its objective applies to a single day rather than to longer cumulative periods.
Why people hold it
- Geared exposure to the CSI 300, the blue-chip benchmark of mainland China's Shanghai and Shenzhen A-shares, in a US-listed wrapper you trade like any stock.direxion.com
- The stated aim is 200% of the index's daily move, half the gearing of the 3x names that dominate the leveraged shelf (FAS, UDOW).
- Live since 2015, a decade-plus run for a single-country leveraged product.
Worth knowing
- The 2x target applies to a single day, not to a month or a year. Hold longer and compounding plus volatility steer results away from twice the index's move.
- The 1.19% expense ratio runs above the typical fund in the leveraged group, and the gap weighs more the longer a position sits.
- One country, one index, doubled: concentration and leverage stack. It trades moderately rather than heavily, so execution costs deserve attention.
CHAU Holdings
- Stocks
- 9
- 100%
- ASHR SWAP ASSET LEG (ASHRCTL)
Sectors
- Technology29.0%
- Financials20.5%
- Industrials15.5%
- Materials10.3%
- Cons. Staples6.6%
- Consumer Discr.6.2%
- Health Care4.6%
- Utilities2.9%
- Energy2.8%
- Communication1.2%
- Real Estate0.4%
Geography
- United States100.00%
CHAU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CHAU |
|---|---|
| Year to date | +2.2% |
| 1 month | −2.4% |
| 3 months | −17.8% |
| 1 year | +10.1% |
| 3 years | +11.5% |
| 5 years | −8.8% |
| 10 years | +2.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CHAU |
|---|---|---|
| 2026 YTD | +2.2% | |
| 2025 | +47.7% | |
| 2024 | +6.6% | |
| 2023 | −28.3% | |
| 2022 | −49.2% | |
| 2021 | −2.9% | |
| 2020 | +71.9% |
CHAU in the news
ETF.net Research hasn’t filed on CHAU yet — coverage lands here as it’s written.
CHAU Dividends
- 2.14%
- $0.45
- $0.12 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.12 |
| Mar 24, 2026 | Mar 31, 2026 | $0.09 |
| Dec 23, 2025 | Dec 31, 2025 | $0.15 |
| Sep 23, 2025 | Sep 30, 2025 | $0.08 |
| Jun 24, 2025 | Jul 1, 2025 | $0.10 |
| Mar 25, 2025 | Apr 1, 2025 | $0.08 |
| Dec 23, 2024 | Dec 31, 2024 | $0.14 |
| Sep 24, 2024 | Oct 1, 2024 | $0.06 |
| Jun 25, 2024 | Jul 2, 2024 | $0.05 |
| Mar 19, 2024 | Mar 26, 2024 | $0.07 |
| Dec 21, 2023 | Dec 29, 2023 | $0.23 |
| Sep 19, 2023 | Sep 26, 2023 | $0.08 |
CHAU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 38.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.33
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −71.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.85
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CHAU Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
65 of the 93 Leveraged Long (2x & Other) funds charge less.