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CWEB vs DDM

Direxion Daily CSI China Internet Index Bull 2X ETF

CWEBDNYSE Arca

ProShares Ultra Dow30

DDMBNYSE Arca

Overlap

Expense ratio

DDM −0.32pt a year

CWEB1.27%DDM0.95%

Avg volume · 30D

CWEB 3.5×the volume

CWEB641KDDM185K

5Y return · a year

DDM +49.2pt

CWEB−38.2%DDM+11.0%

CWEB vs DDM Performance

Oct 29, 2021 – Oct 30, 2026

−91.0%CWEB+68.8%DDM

Oct 29, 2021 to Oct 30, 2026. CWEB −91.0%. DDM +68.8%. Use the arrow keys to read each point.−50%0%Oct 2021Apr 2024Oct 2026
Expense ratio
CWEB 1.27%
DDM 0.95%, better
Fund size
CWEB $143M
DDM $507M
1Y total return
CWEB −68.0%
DDM +13.4%, better
Yield (12M)
CWEB 9.61%, better
DDM 0.98%
Holdings
CWEB 8
DDM 34
Avg volume (30D)
CWEB 641K sh, better
DDM 185K sh
NAV per share
CWEB $15.72
DDM $62.99
52W range

ETF.net Grade

CWEB: Cost 10, Risk 18, Mission not scored, Tradability 62, Holdings not scored, Durability 71. DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79.
Pillar letters and Scores for CWEB, DDM, with each pillar’s weight
PillarCWEBDDM
Cost30% weightF10C51Higher
Mission25% weightNot scoredA92
Risk15% weightF18A79Higher
Tradability15% weightB62A93Higher
Holdings10% weightNot scoredC53
Durability5% weightA71A79Higher

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. CWEB and DDM 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 ›

DDM ranks 4th and CWEB 86th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 5BUSDProShares Ultra SemiconductorsScore 68
  6. Rank 84DFDRXCorgi Founder-Led 2x Daily ETFScore 30
  7. Rank 86DCWEBDirexion Daily CSI China Internet Index Bull 2X ETFScore 28
  8. Rank 86DTARKTradr 2X Long Innovation ETFScore 28

Our read on each fund

ETF.net Research

CWEBDDirexion Daily CSI China Internet Index Bull 2X ETF

DDMBProShares Ultra Dow30

In short

CWEB Two 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.

DDM The Dow dates to 1896. DDM is the only ETF built to double its daily move: 2x the Dow Jones Industrial Average, reset every single day, for 0.95% a year, running since 2006.

Stated mandate

CWEB The fund seeks daily investment results, before fees and expenses, equal to 200% of the CSI Overseas China Internet Index's performance.

DDM The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones Industrial Average.

Why people hold it

  • CWEB 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.
  • DDM The only ETF that targets 2x the daily return of the Dow Jones Industrial Average. Leveraged blue-chip exposure through one ticker, no margin account needed.proshares.com
  • Trading since 2006, and its day-to-day results have stayed close to the 2x daily target across nearly two decades of market cycles.proshares.com
  • Easy to get in and out of for a fund its size, and one of the strongest implementations in its peer group of leveraged bull funds.
  • The 0.95% fee sits near the typical charge for leveraged funds, and it is the standing rate, not a number propped up by a temporary waiver.

Worth knowing

  • CWEB 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.
  • DDM The 2x target resets daily. Hold for weeks and compounding takes over, so results can land well away from twice the Dow's move, especially in choppy markets.proshares.com
  • The Dow is price-weighted across 30 blue chips, so a high-priced stock swings it more than a far larger company does.spglobal.com
  • Sibling leveraged funds cost a little less: QLD charges 0.89% net of a waiver through September 30, 2027, against a 0.96% gross rate.

Full CWEB profile⁠

Full DDM profile⁠

CWEB vs DDM 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.

CWEB vs DDM Cost

Overpaying CWEB vs DDM

$5,049

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

  • CWEB 1.27%

    $22,918

  • DDM 0.95%

    $17,869

$10,000
30 years

Cost over time

  • CWEB 1.27%
  • DDM 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530CWEB $22,918DDM $17,869

Year by year

YearCWEBDDMOverpaying
10$2,214$1,678$536
20$8,220$6,322$1,898
30$22,918$17,869$5,049

Expense ratio

  • 1.27%CWEB
  • 0.95%DDM, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

DDM 32nd cheapest of 95 funds

CWEB 89th cheapest of 95 funds

CWEB vs DDM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CWEB 9.61%, better
DDM 0.98%
Payout (12M)
CWEB $1.51
DDM $0.62
Last payment
CWEB $0.07
DDM $0.15
Ex-dividend
CWEB Sep 22, 2026
DDM Sep 23, 2026
Paid on
CWEB Sep 29, 2026
DDM Sep 29, 2026
Frequency
CWEB Quarterly
DDM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CWEBQuarterly · 20 paymentsAll CWEB payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Dec 13, 2017 $15.22; Jun 19, 2018 $0.90; Sep 25, 2018 $1.07; Dec 27, 2018 $1.01; Mar 19, 2019 $0.09; Jun 25, 2019 $0.36; Sep 24, 2019 $0.39; Dec 23, 2019 $0.96; Mar 21, 2023 $0.06; Jun 21, 2023 $0.17; Sep 19, 2023 $0.18; Dec 21, 2023 $0.47; Mar 19, 2024 $0.14; Jun 25, 2024 $0.16; Sep 24, 2024 $0.09; Dec 23, 2024 $1.08; Dec 31, 2025 $1.11; Mar 24, 2026 $0.23; Jun 23, 2026 $0.09; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$102017202020232026YTD
DDMQuarterly · 33 paymentsAll DDM payments⁠
One bar per payment. 33 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.04; Jun 21, 2017 $0.03; Sep 27, 2017 $0.04; Dec 26, 2017 $0.04; Mar 21, 2018 $0.03; Jun 20, 2018 $0.03; Sep 26, 2018 $0.06; Dec 26, 2018 $0.04; Mar 20, 2019 $0.04; Jun 25, 2019 $0.05; Dec 24, 2019 $0.07; Mar 25, 2020 $0.06; Jun 24, 2020 $0.0055; Dec 23, 2020 $0.02; Mar 23, 2021 $0.01; Sep 22, 2021 $0.0052; Dec 23, 2021 $0.05; Mar 23, 2022 $0.07; Jun 22, 2022 $0.04; Sep 21, 2022 $0.04; Dec 22, 2022 $0.12; Dec 20, 2023 $0.11; Mar 20, 2024 $0.12; Jun 26, 2024 $0.13; Sep 25, 2024 $0.14; Dec 23, 2024 $0.09; Mar 26, 2025 $0.13; Jun 25, 2025 $0.13; Sep 24, 2025 $0.15; Dec 24, 2025 $0.14; Mar 25, 2026 $0.16; Jun 24, 2026 $0.17; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$102017202020232026YTD

CWEB vs DDM Risk

Fall from peak · 5 years

  • CWEB
  • DDM
Oct 29, 2021 to Oct 30, 2026. Worst fall: CWEB −92.3% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
CWEB 64.2%DDM 24.6%, better
Return per unit of riskSharpe ratio, 3 years
CWEB −0.10DDM 0.96, better
Worst fallMax drawdown, 5 years
CWEB −92.3%DDM −40.2%, better
Market sensitivityBeta, 5 years
CWEB 1.28DDM 1.74

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