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Launched · SEC filings

Direxion Daily CSI 300 China A Share Bull 2X Shares

CHAUNYSE ArcaDirexionDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$16.43+0.12 (+0.74%)

At close: Nov 2, 2026, 4:00 PM ET

D35/ 100

Rank 75 of 99 in Leveraged Long (2x & Other)

D35/100Rank 75 of 99inLeveraged Long (2x & Other)
Intraday session: up, 79 prints from 16.31 to 16.43. Range 16.43 to 16.67. Use the arrow keys to read each point.16.5016.6010 AM12 PM2 PM4 PM
Expense ratio
1.19%
Fund size
$68M
1Y total return
−19.1%
Yield · Last 12 months
2.95%
Holdings
10
Avg volume · 30D
85K sh
52W range
low $16.22high $26.10
Launched
Filings
SEC EDGAR

The ETF.net CHAU Grade

Based on 4 of 6 pillars

D

Score 35 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
75 of 99
Six-pillar profile for CHAU. Scores out of 100: Cost 14, Risk 39, Mission not scored, Tradability 63, Holdings not scored, Durability 68. Strongest: Durability (68). Weakest: Cost (14). Based on 4 of 6 pillars.

Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F14 out of 100
    Rank 85 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 68 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B63 out of 100
    Rank 26 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 23 of 99

Our read on CHAU

ETF.net Research

In short

DMost 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.

Stated mandate

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 Performance

Launched Apr 16, 2015

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CHAU$8,085
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CHAU $8,085. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for CHAU. Periods over one year show the average yearly return.
PeriodCHAU
Year to date−21.2%
1 month−16.0%
3 months−23.9%
1 year−19.1%
3 yearsper year+5.9%
5 yearsper year−14.1%
10 yearsper year+0.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CHAU
YearReturn barCHAU
2026 YTD−21.2%
2025+47.7%
2024+6.6%
2023−28.3%
2022−49.2%
2021−2.9%
2020+71.9%

CHAU in the news

CHAU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.95%Last 12 months
Payout per share
$0.48Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2018–2026

One bar per payment. 27 payments from 2018 to 2026 YTD. Sep 25, 2018 $0.06; Dec 27, 2018 $0.06; Mar 19, 2019 $0.04; Jun 25, 2019 $0.01; Sep 24, 2019 $0.04; Dec 23, 2019 $0.05; Mar 24, 2020 $0.03; Jun 23, 2020 $0.0088; Dec 9, 2021 $0.69; Mar 22, 2022 $0.05; Sep 20, 2022 $0.03; Dec 20, 2022 $0.07; Mar 21, 2023 $0.12; Jun 21, 2023 $0.12; Sep 19, 2023 $0.08; Dec 21, 2023 $0.23; Mar 19, 2024 $0.07; Jun 25, 2024 $0.05; Sep 24, 2024 $0.06; Dec 23, 2024 $0.14; Mar 25, 2025 $0.08; Jun 24, 2025 $0.10; Sep 23, 2025 $0.08; Dec 23, 2025 $0.15; Mar 24, 2026 $0.09; Jun 23, 2026 $0.12; Sep 22, 2026 $0.11. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.11
Jun 23, 2026Jun 30, 2026$0.12
Mar 24, 2026Mar 31, 2026$0.09
Dec 23, 2025Dec 31, 2025$0.15
Sep 23, 2025Sep 30, 2025$0.08
Jun 24, 2025Jul 1, 2025$0.10
Mar 25, 2025Apr 1, 2025$0.08
Dec 23, 2024Dec 31, 2024$0.14
Sep 24, 2024Oct 1, 2024$0.06
Jun 25, 2024Jul 2, 2024$0.05
Mar 19, 2024Mar 26, 2024$0.07
Dec 21, 2023Dec 29, 2023$0.23

See all 28 payments⁠

$10,000 in CHAU 10 years ago paid $1,482 in dividends.⁠

CHAU Risk

Risk pillarD39 out of 100Rank 68 of 98 in Leveraged Long (2x & Other)

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.

How much the fund’s monthly returns vary, scaled to a year.
39.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.21
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−71.9%
Trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.81
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CHAU Cost

Compare CHAU and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$17,542

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CHAU 1.19%

    $21,697

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • CHAU 1.19%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530CHAU $21,697WX $4,155

Year by year

YearCHAUWXOverpaying
10$2,081$365$1,716
20$7,756$1,421$6,335
30$21,697$4,155$17,542

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