Direxion Daily CSI 300 China A Share Bull 2X Shares
CThis 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.
$18.71−0.08 (−0.43%)
- 1.19%
- $80M
- +2.2%
- 2.56%
- 0.1M sh
- $19.02
- low $18.69high $26.10
The ETF.net CHAU Grade
C
Score 44 out of 100
- 33 of 99
Score 44 of 100 falls in the C 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.D32 out of 100Rank 66 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 61 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 29 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 20 of 99
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
- 10
- 100%
- Ashr Swap Asset Leg (Ashrctl)
Sectors
- Technology29.0%
- Financials21.3%
- Industrials14.7%
- Materials9.4%
- Consumer Staples6.7%
- Consumer Discretionary6.2%
- Health Care4.8%
- Utilities3.1%
- Energy2.9%
- Communication1.2%
- Real Estate0.5%
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.
CHAU$10,216
Returns run to the Oct 12, 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 | −9.3% |
| 1 month | −9.0% |
| 3 months | −18.6% |
| 1 year | +2.2% |
| 3 years | +8.8% |
| 5 years | −11.1% |
| 10 years | +1.5% |
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 | −9.3% | |
| 2025 | +47.7% | |
| 2024 | +6.6% | |
| 2023 | −28.3% | |
| 2022 | −49.2% | |
| 2021 | −2.9% | |
| 2020 | +71.9% |
CHAU in the news
CHAU Dividends
- 2.56%
- $0.48
- $0.11 per share
- Quarterly
Distribution history
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.
- 39.1%
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.
- 0.27
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.
- 0.81
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
1.19%
CHAU1.19%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
66 of the 95 Leveraged Long (2x & Other) funds charge less.
Other funds in Leveraged Long (2x & Other)
- CQQXLProShares - Ultra QQQ Top 30Expense ratio 1.16%1 year return +48.8%
- CEETProShares - Ultra MSCI Emerging MarketsExpense ratio 1.46%1 year return +49.8%
- CUXIProShares - Ultra IndustrialsExpense ratio 1.41%1 year return +19.1%
- CUYMProShares - Ultra MaterialsExpense ratio 1.22%1 year return +22.9%
- CSAAProShares - Ultra SmallCap600Expense ratio 1.37%1 year return +37.5%