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CWEB vs UYG

Direxion Daily CSI China Internet Index Bull 2X ETF

CWEBDNYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.34pt a year

CWEB1.27%UYG0.93%

Avg volume · 30D

CWEB 37.1×the volume

CWEB641KUYG17.3K

5Y return · a year

UYG +47.6pt

CWEB−38.2%UYG+9.4%

CWEB vs UYG Performance

Oct 29, 2021 – Oct 30, 2026

−91.0%CWEB+56.5%UYG

Oct 29, 2021 to Oct 30, 2026. CWEB −91.0%. UYG +56.5%. Use the arrow keys to read each point.−50%0%Oct 2021Apr 2024Oct 2026
Expense ratio
CWEB 1.27%
UYG 0.93%, better
Fund size
CWEB $143M
UYG $777M
1Y total return
CWEB −68.0%
UYG +11.5%, better
Yield (12M)
CWEB 9.61%
UYG 11.13%, better
Holdings
CWEB 8
UYG 83
Avg volume (30D)
CWEB 641K sh, better
UYG 17.3K sh
NAV per share
CWEB $15.72
UYG $93.27
52W range

ETF.net Grade

CWEB: Cost 10, Risk 18, Mission not scored, Tradability 62, Holdings not scored, Durability 71. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for CWEB, UYG, with each pillar’s weight
PillarCWEBUYG
Cost30% weightF10A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightF18A76Higher
Tradability15% weightB62A78Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA71A80Higher

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 UYG 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 ›

UYG ranks 2nd 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 84DFDRXCorgi Founder-Led 2x Daily ETFScore 30
  5. Rank 86DCWEBDirexion Daily CSI China Internet Index Bull 2X ETFScore 28
  6. Rank 86DTARKTradr 2X Long Innovation ETFScore 28

Our read on each fund

ETF.net Research

CWEBDDirexion Daily CSI China Internet Index Bull 2X ETF

UYGAProShares Ultra Financials

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.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

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.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

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.
  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

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.
  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full CWEB profile⁠

Full UYG profile⁠

CWEB vs UYG 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 UYG Cost

Overpaying CWEB vs UYG

$5,379

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

  • CWEB 1.27%

    $22,918

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • CWEB 1.27%
  • UYG 0.93%
  • 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 $22,918UYG $17,539

Year by year

YearCWEBUYGOverpaying
10$2,214$1,644$570
20$8,220$6,199$2,021
30$22,918$17,539$5,379

Expense ratio

  • 1.27%CWEB
  • 0.93%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

CWEB 89th cheapest of 95 funds

CWEB vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CWEB 9.61%
UYG 11.13%, better
Payout (12M)
CWEB $1.51
UYG $10.38
Last payment
CWEB $0.07
UYG $0.09
Ex-dividend
CWEB Sep 22, 2026
UYG Sep 23, 2026
Paid on
CWEB Sep 29, 2026
UYG Sep 29, 2026
Frequency
CWEB Quarterly
UYG 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
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$102017202020232026YTD

CWEB vs UYG Risk

Fall from peak · 5 years

  • CWEB
  • UYG
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%UYG 30.5%, better
Return per unit of riskSharpe ratio, 3 years
CWEB −0.10UYG 1.04, better
Worst fallMax drawdown, 5 years
CWEB −92.3%UYG −47.8%, better
Market sensitivityBeta, 5 years
CWEB 1.28UYG 1.58

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