Which came closer to its stated multiple, CWEB or WEBX?

Over the window to Sep 30, 2026, CWEB finished 2.9 points from what its multiple implies and WEBX finished 4.0 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 24% annualized and WEBX’s at 24%, 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.

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CWEB vs WEBX: which held to its multiple?

Over the days both have traded, CWEB finished 2.9 points from its stated multiple and WEBX 4.0. Direxion Daily CSI China Internet Index Bull 2X ETF and Corgi Chinese Internet 2x Daily ETF.

−7.7%

CWEB returned, 3 months

−8.9%

WEBX returned, 3 months

−2.9 pts

CWEB from its stated multiple

−4.0 pts

WEBX from its stated multiple

CWEB · 3 months to Sep 30, 20262.9 pts short of its stated multiple

CWEB returned −7.7% while 2 times KWEB's move would have been −4.9%

WEBX · 3 months to Sep 30, 20264 pts short of its stated multiple

WEBX returned −8.9% while 2 times KWEB's move would have been −4.9%

ETFIQ Decay Resistance Score · CWEB scores higherDid it keep up with its own daily multiple, compounded day by day?

CWEB 84.8

WEBX 46.9

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	CWEB	WEBX	CWEB	WEBX	CWEB	WEBX
1 month	−10.6%	−11.5%	−10.1%	−10.1%	−0.5 pts	−1.4 pts
3 months	−7.7%	−8.9%	−4.9%	−4.9%	−2.9 pts	−4.0 pts
6 months	−30.1%	not published	−26.8%	not published	−3.3 pts	not published
1 year	−66.7%	not published	−76.3%	not published	+9.6 pts	not published
3 years	−41.9%	not published	−0.3%	not published	−41.7 pts	not published
Since launch CWEB Nov 2016 · WEBX Jun 2026	−91.1%	−23.5%	−38.5%	−19.9%	−52.6 pts	−3.5 pts

CWEB and WEBX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

Underlying asset KWEB KWEB

Segment country index

Fund returned, 3 months or since launch −7.7% −8.9%

Underlying returned, over that window −2.4% −2.4%

What the stated multiple implies, over that window −4.9% −4.9%

Difference from stated, over that window −2.9 pts −4.0 pts

Fund returned, 1 year or since launch −66.7% −23.5%

Difference from stated, over that window +9.6 pts −3.5 pts

Underlying volatility 24% 24%

Difference over the days both have traded −2.9 pts −4.0 pts

Expense ratio 1.27% 0.45%

Launched Nov 2, 2016 Jun 3, 2026

Net assets $177m $264,848

CWEB and WEBX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CWEB in plain words

Three months to Sep 30, 2026: CWEB returned −7.7% where its own daily promise gave −6.2%, 1.6 points short. Read the multiple against the whole window instead and 2 times KWEB's −2.4% implies −4.9%, which makes CWEB look 2.9 points short. 1.3 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 24% 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 30, 2026: WEBX returned −8.9% where its own daily promise gave −6.2%, 2.7 points short. Read the multiple against the whole window instead and 2 times KWEB's −2.4% implies −4.9%, which makes WEBX look 4.0 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 30, 2026, CWEB finished 2.9 points from what its multiple implies and WEBX finished 4.0 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 24% annualized and WEBX’s at 24%, 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.

Other comparisons

KWEB →CWEB on its own →WEBX on its own →How every figure is computed →Standards and sources →

Where these figures came from

CWEB filings on SEC EDGAR ↗CWEB prospectus with the expense ratio (SEC) ↗Direxion website ↗WEBX filings on SEC EDGAR ↗WEBX prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CWEB against WEBX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cweb-vs-webx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.