CWEB vs IVV
Direxion Daily CSI China Internet Index Bull 2X ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CWEB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.03% | |
| AUM | $215M | $907.0B | |
| Dividend Yield | 5.67% | 1.10% | |
| Holdings | 9 | 508 | |
| YTD Return | -47.60% | +14.29% | |
| 1Y Return | -46.85% | +21.79% | |
| 3Y Return (annualized) | -13.65% | +22.19% | |
| 5Y Return (annualized) | -33.82% | +13.28% | |
| Volatility (annualized) | 72.1% | 15.1% | |
| Max Drawdown | -98.2% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 2, 2016 | May 15, 2000 |
CWEB vs IVV Performance
Direxion Daily CSI China Internet Index Bull 2X ETF (CWEB) 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 CWEB returned -46.85% while IVV returned +21.79%. Year to date, CWEB is down 47.60% versus a gain of 14.29% for IVV.
Over three years, CWEB compounded at -13.65% per year against +22.19% for IVV; over five years the annualized figures are -33.82% and +13.28% respectively. Across the full 10-year window we track, IVV has the edge at +7.06% annualized vs -20.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CWEB has been the more volatile fund, with annualized monthly volatility of 72.1% 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 -98.2% for CWEB 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CWEB charges 1.27% per year while IVV charges 0.03%. On a $10,000 position that is $127 vs $3 annually, a gap of $124 per year that compounds over a long holding period. On income, CWEB currently yields 5.67% against 1.10% for IVV.
Holdings Overlap
CWEB and IVV share 0 holdings out of 509 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, CWEB or IVV?
CWEB has an expense ratio of 1.27% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $124 per year of difference.
Which performed better, CWEB or IVV?
Over the past year CWEB returned -46.85% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), CWEB annualized -20.91% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, CWEB or IVV?
CWEB has been the more volatile fund at 72.1% annualized versus 15.1% for IVV. Worst drawdown: CWEB -98.2% vs IVV -56.5%.
Should I hold both CWEB and IVV?
CWEB and IVV have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CWEB and IVV?
CWEB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, CWEB or IVV?
CWEB yields 5.67% while IVV yields 1.10%, so CWEB currently pays the higher dividend yield.
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