# CHAU (Direxion Daily CSI 300 China A Share Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: CHAU returned −10.8% where its own daily promise gave −10.4%, 0.4 points short.

## Key facts

- CHAU, what ASHR did: −4.7%, as of Sep 11, 2026.
- CHAU, what +2 times a day gives: −10.4%, as of Sep 11, 2026.
- CHAU, what the fund returned: −10.8%, as of Sep 11, 2026.
- CHAU, the fund itself cost: −0.4 pts, as of Sep 11, 2026.
- CHAU, net assets: $104m (source, as filed for Apr 30, 2026).
- CHAU, expense ratio: 1.19% (485BPOS XBRL, Feb 26, 2026).

## CHAU over each window to Sep 11, 2026

| Window | Fund | ASHR | +2x the move | Difference | ASHR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −7.9% | −4.0% | −7.9% | +0.1 pts | 13% |
| 3 months | −10.8% | −4.7% | −9.5% | −1.4 pts | 23% |
| 6 months | −2.9% | +0.3% | +0.7% | −3.6 pts | 22% |
| 1 year | +4.6% | +6.0% | +12.0% | −7.4 pts | 19% |
| 3 years | +33.8% | +35.9% | +71.7% | −37.9 pts | 24% |
| Since launch | −45.7% | +5.8% | +11.5% | −57.3 pts | 28% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ASHR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | ASHR moved −4.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | ASHR | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $104m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.19% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Apr 16, 2015 | ETFIQ |
| Underlying volatility over the window | 23% annualized | ETFIQ |

## Questions

### Did CHAU return +2 times ASHR?

Over the window to Sep 11, 2026, ASHR moved −4.7% and CHAU returned −10.8%. 2 times that move is −9.5%, so the fund came out 1.4 points short of it.

### Why does CHAU not return +2 times over a year?

Because it resets daily. CHAU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, CHAU, data as of Sep 11, 2026. https://etfiq.com/funds/CHAU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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