CWEB vs QQQ
Direxion Daily CSI China Internet Index Bull 2X ETF vs Invesco QQQ Trust, Series 1
Which is better, CWEB or QQQ?
Trading-Leveraged Equity against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CWEB | QQQ |
|---|---|---|
| Expense Ratio | 1.27% | 0.18%Best |
| AUM | $196M | $483.5B |
| Dividend Yield | 5.67% | 0.44% |
| Holdings | 9 | 107 |
| YTD Return | -56.09% | +17.11%Best |
| 1Y Return | -62.26% | +23.99%Best |
| 3Y Return (annualized) | -18.03% | +24.62%Best |
| 5Y Return (annualized) | -38.94% | +14.23%Best |
| Volatility (annualized) | 72.0% | 19.2%Best |
| Max Drawdown | -98.2% | -35.1%Best |
| $10,000 over 5 years | $849 | $19,449Best |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Nov 2, 2016 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 2, 2016 to Sep 9, 2026 (9.9 years).
CWEB vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.9 years both funds cover.
CWEB vs QQQ Performance
Direxion Daily CSI China Internet Index Bull 2X ETF (CWEB) is an ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CWEB returned -62.26% while QQQ returned +23.99%. Year to date, CWEB is down 56.09% versus a gain of 17.11% for QQQ.
Over three years, CWEB compounded at -18.03% per year against +24.62% for QQQ; over five years the annualized figures are -38.94% and +14.23% respectively. Across the full 10-year window we track, QQQ has the edge at +20.78% annualized vs -22.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CWEB has been the more volatile fund, with annualized monthly volatility of 72.0% compared with 19.2% 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.25. They move largely independently of each other.
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
We hold position weights for 4 holdings in CWEB and 102 in QQQ, totalling 106.6% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 4 positions we hold weights for in CWEB and 102 in QQQ, against full books of 9 and 107.
You are not choosing between two funds in isolation.
Whichever of CWEB and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $109 a year on a $10,000 investment.
Which performed better, CWEB or QQQ?
Over the past year CWEB returned -62.26% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (10 years), CWEB annualized -22.19% vs +20.78% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CWEB or QQQ?
CWEB has been the more volatile fund at 72.0% annualized versus 19.2% for QQQ. Worst drawdown: CWEB -98.2% vs QQQ -35.1%.
Should I hold both CWEB and QQQ?
CWEB and QQQ have a monthly-return correlation of 0.25, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
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.
Is QQQ better than CWEB?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.