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CWEB vs SPXL

Direxion Daily CSI China Internet Bull 2X Shares vs Direxion Daily S&P500 Bull 3X Shares

CWEB

Direxion Daily CSI China Internet Bull 2X Shares

Direxion Funds

Annual cost

1.27%

Fund size

$252M

SPXL

Direxion Daily S&P500 Bull 3X Shares

Direxion Funds

Annual cost

0.84%

Fund size

$5.9B

Key differences

  • SPXL costs 0.43% less per year.
  • SPXL is significantly larger than CWEB — larger funds tend to be more liquid and less likely to close.
  • CWEB covers emerging markets markets; SPXL covers north america.
  • Over the last 3 years, SPXL has delivered higher annualized returns.
  • SPXL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CWEBSPXL
Annual cost (TER)1.27%0.84%
Fund size (AUM)$252M$5.9B
Since20162008
Dividend yield4.98%0.60%
Asset classequityequity
Regionemerging marketsnorth america
Strategyleveragedleveraged
CAGR 1Y-37.2%+94.7%
CAGR 3Y-10.3%+55.2%
CAGR 5Y-43.9%+25.2%
Sharpe 3Y0.141.14
Volatility 1Y53.61%35.88%
Max drawdown-98.09%-76.86%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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