CHAU vs IVV
Direxion Daily CSI 300 China A Share Bull 2X ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CHAU delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CHAU | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.19% | 0.03% | |
| AUM | $97M | $907.0B | |
| Dividend Yield | 2.09% | 1.10% | |
| Holdings | 10 | 508 | |
| YTD Return | +0.79% | +12.28% | |
| 1Y Return | +24.20% | +20.94% | |
| 3Y Return (annualized) | +11.79% | +21.81% | |
| 5Y Return (annualized) | -8.25% | +13.05% | |
| Volatility (annualized) | 45.6% | 15.1% | |
| Max Drawdown | -79.7% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 16, 2015 | May 15, 2000 |
CHAU vs IVV Performance
Direxion Daily CSI 300 China A Share Bull 2X ETF (CHAU) is a ETF from Direxion Shares ETF Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CHAU returned +24.20% while IVV returned +20.94%. Year to date, CHAU is up 0.79% versus a gain of 12.28% for IVV.
Over three years, CHAU compounded at +11.79% per year against +21.81% for IVV; over five years the annualized figures are -8.25% and +13.05% respectively. Across the full 11-year window we track, IVV has the edge at +6.98% annualized vs -5.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHAU has been the more volatile fund, with annualized monthly volatility of 45.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.7% for CHAU and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CHAU charges 1.19% per year while IVV charges 0.03%. On a $10,000 position that is $119 vs $3 annually, a gap of $116 per year that compounds over a long holding period. On income, CHAU currently yields 2.09% against 1.10% for IVV.
Holdings Overlap
CHAU and IVV share 0 holdings out of 510 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CHAU or IVV?
CHAU has an expense ratio of 1.19% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $116 per year of difference.
Which performed better, CHAU or IVV?
Over the past year CHAU returned +24.20% vs +20.94% for IVV, so CHAU leads on 1-year performance. Over the longest common window we track (11 years), CHAU annualized -5.14% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, CHAU or IVV?
CHAU has been the more volatile fund at 45.6% annualized versus 15.1% for IVV. Worst drawdown: CHAU -79.7% vs IVV -56.5%.
Should I hold both CHAU and IVV?
CHAU and IVV have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CHAU and IVV?
CHAU and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, CHAU or IVV?
CHAU yields 2.09% while IVV yields 1.10%, so CHAU currently pays the higher dividend yield.
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