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

Direxion · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: CHAU returned −15.8% where its own daily promise gave −15.3%, 0.5 points short.

## Key facts

- CHAU, what ASHR did: −7.5%, as of Oct 2, 2026.
- CHAU, what 2 times a day gives: −15.3%, as of Oct 2, 2026.
- CHAU, what the fund returned: −15.8%, as of Oct 2, 2026.
- CHAU, the fund itself cost: −0.5 pts, as of Oct 2, 2026.
- CHAU, net assets: $82m (issuer page, as of Oct 1, 2026).
- CHAU, expense ratio: 1.19% (485BPOS XBRL, Feb 26, 2026).

## CHAU over each window to Oct 2, 2026

| Window | Fund | ASHR | +2x the move | Difference | ASHR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −8.9% | −4.3% | −8.7% | −0.2 pts | 12% |
| 3 months | −15.8% | −7.5% | −15.1% | −0.8 pts | 19% |
| 6 months | −3.9% | −0.2% | −0.4% | −3.5 pts | 21% |
| 1 year | −5.9% | +0.6% | +1.1% | −7.0 pts | 19% |
| 3 years | +31.9% | +35.1% | +70.2% | −38.3 pts | 24% |
| Since launch | −49.6% | +2.2% | +4.4% | −54.0 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 | +2.1 times, against +2 stated | ETFIQ |
| Underlying | ASHR | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $82m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.19% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Apr 16, 2015 | ETFIQ |
| Underlying volatility over the window | 19% annualized | ETFIQ |

## Questions

### Did CHAU return +2 times ASHR?

Over the window to Oct 2, 2026, ASHR moved −7.5% and CHAU returned −15.8%. 2 times that move is −15.1%, so the fund came out 0.8 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 Oct 2, 2026. https://etfiq.com/funds/chau
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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