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Direxion Daily CSI China Internet Index Bull 2X Shares

CWEB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 02 2016
Expense Ratio
1.32%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$42,019,341
AUM
$382,319,583
Associated Index
CSI Overseas China Internet Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
18.33%
n/a
DREYFUS GOVT CASH MGMT
10.97%
n/a
GOLDMAN FINL SQ TRSRY INST 506
4.31%
n/a
DREYFUS GOVT CASH MGMT
3.09%
n/a
DREYFUS TREASURY SECURITIES CASH MANAGEMENT
2.70%
n/a
GOLDMAN FINL SQ TRSRY INST 506
1.26%
n/a
DREYFUS GOVT CASH MGMT
0.00%
n/a
DREYFUS GOVT CASH MGMT
0.00%
n/a
DREYFUS TREASURY SECURITIES CASH MANAGEMENT
0.00%
n/a
GOLDMAN FINL SQ TRSRY INS
0.00%
Invest with CWEB

What is CWEB?

The Direxion Daily CSI China Internet Index Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI Overseas China Internet Index. There is no guarantee the fund will meet its stated investment objective. This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark s cumulative return for periods greater than a day. The CSI Overseas China Internet Index is provided by China Securities Index Co., LTD ( Index Provider ). The securities included in the Index are primarily listed outside of China, have been listed for at least three months and meet one of the three following criteria: 1) the company is incorporated in mainland China; 2) the operation center for the company is in mainland China; or 3) at least 50% of the revenue from the company is from mainland China. The Index Provider then removes securities that during the past year had a daily average trading value of less than $500,000 or a daily average market cap of less than $500 million.

ETFs related toCWEB

ETFs correlated to CWEB include KWEB, PGJ, CQQQ

CWEB
Direxion Shares ETF Trust - Direxion Daily CSI China Internet Index Bull 2X Shares
KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
PGJ
Invesco Capital Management LLC - Invesco Golden Dragon China ETF
CQQQ
Invesco Capital Management LLC - Invesco China Technology ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
FLCH
Franklin Templeton ETF Trust - Franklin FTSE China ETF
EMQQ
Exchange Traded Concepts Trust - ETCT EMQQ The Emerging Markets Internet and Ecommerce ETF
YINN
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X Shares
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCWEB

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CWEB using Composer

FAQ

CWEB is a Global Ex. US Equities ETF. The Direxion Daily CSI China Internet Index Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI Overseas China Internet Index. There is no guarantee the fund will meet its stated investment objective. This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark s cumulative return for periods greater than a day. The CSI Overseas China Internet Index is provided by China Securities Index Co., LTD ( Index Provider ). The securities included in the Index are primarily listed outside of China, have been listed for at least three months and meet one of the three following criteria: 1) the company is incorporated in mainland China; 2) the operation center for the company is in mainland China; or 3) at least 50% of the revenue from the company is from mainland China. The Index Provider then removes securities that during the past year had a daily average trading value of less than $500,000 or a daily average market cap of less than $500 million.

The top holdings for CWEB include KraneShares Trust - KraneShares CSI China Internet ETF, DREYFUS GOVT CASH MGMT, and GOLDMAN FINL SQ TRSRY INST 506.

CWEB has 15 total holdings.

CWEB tracks the CSI Overseas China Internet Index.

No, CWEB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CWEB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CWEB is -0.0971%. This is the percent change in the value of CWEB over the most recent 1-month period. The 3-month return on CWEB is 0.9201%. This is the percent change in the value of CWEB over the most recent 3-month period.

The standard deviation of CWEB for the past year is 1.4595%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CWEB include SH, SDS, and PSQ.

ETFs correlated to CWEB include KWEB, PGJ, and CQQQ.

ETFs that are inversely correlated to CWEB include YANG, EDZ, and EUM.

Yes, CWEB is a Leveraged (2x) ETF: This means that CWEB will try to match the performance of CSI Overseas China Internet Index, but with 2x the returns.

Yes, CWEB is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of CSI Overseas China Internet Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.