CWEB vs QQQ
Direxion Daily CSI China Internet Index Bull 2X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CWEB | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.18% | |
| AUM | $215M | $496.3B | |
| Dividend Yield | 5.67% | 0.44% | |
| Holdings | 9 | 108 | |
| YTD Return | -46.83% | +17.07% | |
| 1Y Return | -47.52% | +26.39% | |
| 3Y Return (annualized) | -10.56% | +26.08% | |
| 5Y Return (annualized) | -32.06% | +15.18% | |
| Volatility (annualized) | 72.1% | 30.6% | |
| Max Drawdown | -98.2% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 2, 2016 | Mar 10, 1999 |
CWEB vs QQQ Performance
Direxion Daily CSI China Internet Index Bull 2X ETF (CWEB) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CWEB returned -47.52% while QQQ returned +26.39%. Year to date, CWEB is down 46.83% versus a gain of 17.07% for QQQ.
Over three years, CWEB compounded at -10.56% per year against +26.08% for QQQ; over five years the annualized figures are -32.06% and +15.18% respectively. Across the full 10-year window we track, QQQ has the edge at +13.05% annualized vs -20.77%. 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 30.6% for QQQ. 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 -83.0% for QQQ. 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 QQQ charges 0.18%. On a $10,000 position that is $127 vs $18 annually, a gap of $109 per year that compounds over a long holding period. On income, CWEB currently yields 5.67% against 0.44% for QQQ.
Holdings Overlap
CWEB and QQQ share 0 holdings out of 106 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 QQQ?
CWEB has an expense ratio of 1.27% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $109 per year of difference.
Which performed better, CWEB or QQQ?
Over the past year CWEB returned -47.52% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), CWEB annualized -20.77% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, CWEB or QQQ?
CWEB has been the more volatile fund at 72.1% annualized versus 30.6% for QQQ. Worst drawdown: CWEB -98.2% vs QQQ -83.0%.
Should I hold both CWEB and QQQ?
CWEB and QQQ 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 QQQ?
CWEB and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, CWEB or QQQ?
CWEB yields 5.67% while QQQ yields 0.44%, so CWEB currently pays the higher dividend yield.
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