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CHAU vs QLD

Direxion Daily CSI 300 China A Share Bull 2X Shares

CHAUDNYSE Arca

ProShares Ultra QQQ

QLDANYSE Arca

Overlap

0.0%by weight

Expense ratio

QLD −0.30pt a year

CHAU1.19%QLD0.89%

Avg volume · 30D

QLD 48.8×the volume

CHAU85KQLD4.15M

10Y return · a year

QLD +31.8pt

CHAU+0.1%QLD+31.9%

CHAU vs QLD Performance

Oct 29, 2021 – Oct 30, 2026

−53.3%CHAU+97.9%QLD

Oct 29, 2021 to Oct 30, 2026. CHAU −53.3%. QLD +97.9%. Use the arrow keys to read each point.0%50%150%Oct 2021Apr 2024Oct 2026
Expense ratio
CHAU 1.19%
QLD 0.89%, better
Fund size
CHAU $68M
QLD $13.3B
1Y total return
CHAU −19.1%
QLD +10.7%, better
Yield (12M)
CHAU 2.95%, better
QLD 0.15%
Holdings
CHAU 10
QLD 113
Avg volume (30D)
CHAU 85K sh
QLD 4.15M sh, better
NAV per share
CHAU $16.70
QLD $82.56
52W range

ETF.net Grade

CHAU: Cost 14, Risk 39, Mission not scored, Tradability 63, Holdings not scored, Durability 68. QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81.
Pillar letters and Scores for CHAU, QLD, with each pillar’s weight
PillarCHAUQLD
Cost30% weightF14A72Higher
Mission25% weightNot scoredA95
Risk15% weightD39B66Higher
Tradability15% weightB63A100Higher
Holdings10% weightNot scoredA72
Durability5% weightB68A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CHAU and QLD are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and CHAU 75th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 74DJNUGDirexion Daily Junior Gold Miners Index Bull 2X ETFScore 36
  4. Rank 75DCHAUDirexion Daily CSI 300 China A Share Bull 2X SharesScore 35
  5. Rank 75DTTXUDirexion Daily Technology Top 5 Bull 2X ETFScore 35

Our read on each fund

ETF.net Research

CHAUDDirexion Daily CSI 300 China A Share Bull 2X Shares

QLDAProShares Ultra QQQ

In short

CHAU Most 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.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

CHAU 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.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

  • CHAU 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.
  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

  • CHAU 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.
  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full CHAU profile⁠

Full QLD profile⁠

CHAU vs QLD Holdings

How CHAU and QLD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CHAU and 0.0% of QLD.

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile0.2%
  • Sector11 Sectors65.3%
  • Asset classEquity100%

Sector

Sector weights in CHAU and QLD, widest gap first
SectorMore in CHAUMore in QLD
TechnologyQLD +23.3 points
IndustrialsCHAU +9.8 points
FinancialsCHAU +8.9 points
MaterialsCHAU +8.5 points
CommunicationQLD +8.4 points
Consumer DiscretionaryQLD +3.0 points
EnergyCHAU +2.5 points
UtilitiesCHAU +2.1 points
Consumer StaplesCHAU +1.2 points
Health CareCHAU +0.9 points
Real EstateCHAU +0.5 points

Country, concentration and asset class

Country by domicile

Country weights in CHAU and QLD, widest gap first
CountryMore in CHAUMore in QLD
ChinaCHAU +98.8 points
United StatesQLD +97.3 points
CanadaQLD +1.1 points
Hong KongCHAU +1.0 points
NetherlandsQLD +0.9 points
Other countries (2)QLD +0.6 points

Outside the US: CHAU 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

  • CHAU100.0%
  • QLD53.3%

Securities held

  • CHAU3
  • QLD112

Asset class

CHAU
Equity
QLD
Equity

Holdings

  • Only in CHAU3
  • In both0
  • Only in QLD112

Only in CHAU

3 securities, 37.2% of CHAU by weight

  • Xtrackers Harvest Csi 300 Ch22.77%
  • Goldman Finl Sq Trsry Inst 50614.33%
  • Goldman Sachs Fin Gov 465 Institut0.11%

Only in QLD

112 securities, 87.2% of QLD by weight

  • Proshares Genius Mny Mkt Etf10.87%
  • Apple Inc5.88%
  • NVIDIA Corp5.76%

Weight gaps

CHAU and QLD share no securities.

All 9 CHAU holdings⁠All 121 QLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CHAU vs QLD Cost

Overpaying CHAU vs QLD

$4,825

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

  • CHAU 1.19%

    $21,697

  • QLD 0.89%

    $16,872

$10,000
30 years

Cost over time

  • CHAU 1.19%
  • QLD 0.89%
  • 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 $21,697QLD $16,872

Year by year

YearCHAUQLDOverpaying
10$2,081$1,576$505
20$7,756$5,953$1,803
30$21,697$16,872$4,825

Expense ratio

  • 1.19%CHAU
  • 0.89%QLD, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

CHAU 86th cheapest of 95 funds

CHAU vs QLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CHAU 2.95%, better
QLD 0.15%
Payout (12M)
CHAU $0.48
QLD $0.12
Last payment
CHAU $0.11
QLD $0.03
Ex-dividend
CHAU Sep 22, 2026
QLD Sep 23, 2026
Paid on
CHAU Sep 29, 2026
QLD Sep 29, 2026
Frequency
CHAU Quarterly
QLD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CHAUQuarterly · 27 paymentsAll CHAU payments⁠
One bar per payment. 27 payments from 2017 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.$0$0.502017202020232026YTD
QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$0.502017202020232026YTD

CHAU vs QLD Risk

Fall from peak · 5 years

  • CHAU
  • QLD
Oct 29, 2021 to Oct 30, 2026. Worst fall: CHAU −71.9% · Apr 2025. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
CHAU 39.9%QLD 36.7%, better
Return per unit of riskSharpe ratio, 3 years
CHAU 0.21QLD 1.04, better
Worst fallMax drawdown, 5 years
CHAU −71.9%QLD −63.7%, better
Market sensitivityBeta, 5 years
CHAU 0.81QLD 2.46

CHAU and QLD in the news

All news⁠

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