{
 "ticker": "CHAU",
 "name": "Direxion Daily CSI 300 China A Share Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/chau",
 "html": "https://etfiq.com/funds/chau",
 "markdown": "https://etfiq.com/funds/chau.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: CHAU returned \u221215.8% where its own daily promise gave \u221215.3%, 0.5 points short.",
 "key_facts": [
  {
   "key": "what_ashr_did",
   "label": "What ASHR did",
   "value": "\u22127.5%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CHAU, what ASHR did: \u22127.5%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221215.3%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CHAU, what 2 times a day gives: \u221215.3%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221215.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CHAU, what the fund returned: \u221215.8%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.5 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CHAU, the fund itself cost: \u22120.5 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$82m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "CHAU, net assets: $82m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.19%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-10-02",
   "sentence": "CHAU, expense ratio: 1.19% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of ASHR, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.1 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ASHR",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, country",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$82m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.19%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 16, 2015",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "19% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22128.9%",
   "ASHR": "\u22124.3%",
   "+2x the move": "\u22128.7%",
   "Difference": "\u22120.2 pts",
   "ASHR moved about": "12%"
  },
  {
   "window": "3 months",
   "Fund": "\u221215.8%",
   "ASHR": "\u22127.5%",
   "+2x the move": "\u221215.1%",
   "Difference": "\u22120.8 pts",
   "ASHR moved about": "19%"
  },
  {
   "window": "6 months",
   "Fund": "\u22123.9%",
   "ASHR": "\u22120.2%",
   "+2x the move": "\u22120.4%",
   "Difference": "\u22123.5 pts",
   "ASHR moved about": "21%"
  },
  {
   "window": "1 year",
   "Fund": "\u22125.9%",
   "ASHR": "+0.6%",
   "+2x the move": "+1.1%",
   "Difference": "\u22127.0 pts",
   "ASHR moved about": "19%"
  },
  {
   "window": "3 years",
   "Fund": "+31.9%",
   "ASHR": "+35.1%",
   "+2x the move": "+70.2%",
   "Difference": "\u221238.3 pts",
   "ASHR moved about": "24%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221249.6%",
   "ASHR": "+2.2%",
   "+2x the move": "+4.4%",
   "Difference": "\u221254.0 pts",
   "ASHR moved about": "28%"
  }
 ],
 "questions": [
  {
   "q": "Did CHAU return +2 times ASHR?",
   "a": "Over the window to Oct 2, 2026, ASHR moved \u22127.5% and CHAU returned \u221215.8%. 2 times that move is \u221215.1%, so the fund came out 0.8 points short of it."
  },
  {
   "q": "Why does CHAU not return +2 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-04",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}