Direxion Daily CSI China Internet Index Bull 2X ETF
$18.95−0.73 (−3.73%)
- Expense ratio
- 1.27%
- Fund size
- $178M
- 1Y return
- −63.5%
- Yield · Last 12 months
- 7.31%
- Holdings
- 10
- Volume · 30D
- 0.7M sh
- NAV per share
- $18.31
- 52W range
The ETF.net CWEB Grade
Score 37 of 100 sits in the D 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 27Category 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.FScore 16Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 71Category 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.BScore 67Category rank
Our read on CWEB
DTwo times the daily move of an index of China's overseas-listed internet names. Direxion has run it since 2016, and the leverage resets every day, so a week's result rarely equals twice the week.
The fund seeks daily investment results, before fees and expenses, equal to 200% of the CSI Overseas China Internet Index's performance.
Why people hold it
- A rare corner of the leveraged shelf: 2x daily exposure to the CSI Overseas China Internet Index, not another US large-cap tracker.direxion.com
- 2x, not 3x. Same daily-reset math as the triple-leveraged crowd (FAS, UDOW), with half the amplification on each move.direxion.com
- Actively traded, which is what matters in a tool designed to be held for days rather than decades.
- Trading since 2016, a long operating record for a leveraged fund pointed at a single country and a single sector.
Worth knowing
- 1.27% a year, above the roughly 1.04% median for leveraged bull funds. The fee accrues daily, alongside the leverage.
- The leverage resets each session. Hold past one day and returns compound away from 2x, with choppy sideways markets the least friendly setting.
- One country, one sector, doubled. Beijing policy headlines and US listing rules land here at twice the force.
CWEB Holdings
- Stocks
- 10
- 100%
- KWEB
Sectors
- Communication36.7%
- Consumer Discr.34.1%
- Technology17.1%
- Real Estate4.4%
- Health Care3.8%
- Cons. Staples2.8%
- Financials1.1%
Geography
- United States100.00%
CWEB 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 | CWEB |
|---|---|
| Year to date | −50.3% |
| 1 month | −10.7% |
| 3 months | −1.1% |
| 1 year | −63.5% |
| 3 years | −15.0% |
| 5 years | −36.0% |
| 10 years | — |
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 | CWEB |
|---|---|---|
| 2026 YTD | −50.3% | |
| 2025 | +29.1% | |
| 2024 | +0.1% | |
| 2023 | −32.9% | |
| 2022 | −59.4% | |
| 2021 | −79.4% | |
| 2020 | +116.4% |
CWEB in the news
ETF.net Research hasn’t filed on CWEB yet — coverage lands here as it’s written.
CWEB Dividends
- 7.31%
- $1.44
- $0.09 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.09 |
| Mar 24, 2026 | Mar 31, 2026 | $0.23 |
| Dec 31, 2025 | Jan 8, 2026 | $1.11 |
| Dec 23, 2024 | Dec 31, 2024 | $1.08 |
| Sep 24, 2024 | Oct 1, 2024 | $0.09 |
| Jun 25, 2024 | Jul 2, 2024 | $0.16 |
| Mar 19, 2024 | Mar 26, 2024 | $0.14 |
| Dec 21, 2023 | Dec 29, 2023 | $0.47 |
| Sep 19, 2023 | Sep 26, 2023 | $0.18 |
| Jun 21, 2023 | Jun 28, 2023 | $0.17 |
| Mar 21, 2023 | Mar 28, 2023 | $0.06 |
| Dec 23, 2019 | Dec 31, 2019 | $0.96 |
CWEB 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.
- 63.9%
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.
- −0.08
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.
- −91.9%
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.
- 1.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CWEB Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
71 of the 93 Leveraged Long (2x & Other) funds charge less.