Data as of .
CWEB vs WEBX: which held to its multiple?
Over the days both have traded, CWEB finished 2.2 points from its stated multiple and WEBX 3.4.
ETFIQ Decay Resistance Score: CWEB scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| CWEB | WEBX | CWEB | WEBX | CWEB | WEBX | |
| 1 month | −21.0% | −21.5% | −21.4% | −21.4% | +0.3 pts | −0.1 pts |
| 3 months | −16.5% | −17.6% | −14.3% | −14.3% | −2.3 pts | −3.4 pts |
| 6 months | −38.1% | not published | −36.9% | not published | −1.2 pts | not published |
| 1 year | −64.3% | not published | −72.0% | not published | +7.6 pts | not published |
| 3 years | −43.9% | not published | −3.8% | not published | −40.1 pts | not published |
| Since launch | −91.0% | −22.2% | −37.9% | −19.3% | −53.1 pts | −2.9 pts |
| CWEB Direxion Daily CSI China Internet Index Bull 2X ETF Aims to return twice the daily move of KRANESHARES CSI CHINA INTERNET ETF (KWEB) | WEBX Corgi Chinese Internet 2x Daily ETF Aims to return twice the daily move of KRANESHARES CSI CHINA INTERNET ETF (KWEB) | |
|---|---|---|
| Issuer | Direxion | Corgi |
| Sets out to return | +2x | +2x |
| On | KWEB | KWEB |
| Segment | country | index |
| Fund returned, 3 months | −16.5% | −17.6% |
| Underlying returned, 3 months | −7.1% | −7.1% |
| What the stated multiple implies, 3 months | −14.3% | −14.3% |
| Difference from stated, 3 months | −2.3 pts | −3.4 pts |
| Fund returned, 1 year or since launch | −64.3% | −22.2% |
| Difference from stated, over that window | +7.6 pts | −2.9 pts |
| Underlying volatility | 26% | 26% |
| Difference over the days both have traded | −2.3 pts | −3.4 pts |
| Expense ratio | 1.27% | 0.45% |
| Launched | Nov 2, 2016 | Jun 3, 2026 |
CWEB in plain words
Three months to Sep 11, 2026: CWEB returned −16.5% where its own daily promise gave −15.2%, 1.3 points short. Read the multiple against the whole window instead and +2 times KWEB's −7.1% implies −14.3%, which makes CWEB look 2.2 points short. 0.9 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. CWEB aims to return +2 times KWEB's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. KWEB moved at 26% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
WEBX in plain words
Three months to Sep 11, 2026: WEBX returned −17.6% where its own daily promise gave −15.2%, 2.4 points short. Read the multiple against the whole window instead and +2 times KWEB's −7.1% implies −14.3%, which makes WEBX look 3.4 points short. WEBX aims to return +2 times KWEB's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, CWEB or WEBX?
- Over the window to Sep 11, 2026, CWEB finished 2.2 points from what its multiple implies and WEBX finished 3.4 points from its own, so CWEB came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are CWEB and WEBX levered on the same thing?
- Yes. Both are levered on KRANESHARES CSI CHINA INTERNET ETF, CWEB at +2 times and WEBX at +2 times the daily move.
- Which one decays faster, CWEB or WEBX?
- Decay follows how much the underlying moves about. Over this window CWEB’s moved at 26% annualized and WEBX’s at 26%, so CWEB has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold CWEB or WEBX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, CWEB or WEBX?
- CWEB charges 1.27% a year and WEBX charges 0.45%, so WEBX is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CWEB against WEBX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/CWEB-WEBX Free to use with attribution; the underlying files are at Open data.