# CWEB (Direxion Daily CSI China Internet Index Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: CWEB returned −7.7% where its own daily promise gave −6.2%, 1.6 points short.

## Key facts

- CWEB, what KWEB did: −2.4%, as of Sep 30, 2026.
- CWEB, what 2 times a day gives: −6.2%, as of Sep 30, 2026.
- CWEB, what the fund returned: −7.7%, as of Sep 30, 2026.
- CWEB, the fund itself cost: −1.6 pts, as of Sep 30, 2026.
- CWEB, net assets: $177m (issuer page, as of Sep 30, 2026).
- CWEB, expense ratio: 1.27% (485BPOS XBRL, Feb 26, 2026).

## CWEB over each window to Sep 30, 2026

| Window | Fund | KWEB | +2x the move | Difference | KWEB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −10.6% | −5.0% | −10.1% | −0.5 pts | 20% |
| 3 months | −7.7% | −2.4% | −4.9% | −2.9 pts | 24% |
| 6 months | −30.1% | −13.4% | −26.8% | −3.3 pts | 27% |
| 1 year | −66.7% | −38.1% | −76.3% | +9.6 pts | 27% |
| 3 years | −41.9% | −0.1% | −0.3% | −41.7 pts | 34% |
| Since launch | −91.1% | −19.3% | −38.5% | −52.6 pts | 40% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of KWEB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | KWEB moved −2.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | KWEB | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $177m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.27% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Nov 2, 2016 | ETFIQ |
| Underlying volatility over the window | 24% annualized | ETFIQ |

## Questions

### Did CWEB return +2 times KWEB?

Over the window to Sep 30, 2026, KWEB moved −2.4% and CWEB returned −7.7%. 2 times that move is −4.9%, so the fund came out 2.9 points short of it.

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

Because it resets daily. CWEB 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.

### Which +2x KWEB ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, CWEB, data as of Sep 30, 2026. https://etfiq.com/funds/cweb
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/cweb  ·  JSON: https://etfiq.com/funds/cweb.json