CWEB vs VOO
Direxion Daily CSI China Internet Index Bull 2X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CWEB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.03% | |
| AUM | $215M | $997.4B | |
| Dividend Yield | 5.67% | 1.08% | |
| Holdings | 9 | 509 | |
| YTD Return | -47.60% | +14.27% | |
| 1Y Return | -46.85% | +21.79% | |
| 3Y Return (annualized) | -13.65% | +22.19% | |
| 5Y Return (annualized) | -33.82% | +13.28% | |
| Volatility (annualized) | 72.1% | 14.2% | |
| Max Drawdown | -98.2% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 2, 2016 | Sep 7, 2010 |
CWEB vs VOO Performance
Direxion Daily CSI China Internet Index Bull 2X ETF (CWEB) is a ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CWEB returned -46.85% while VOO returned +21.79%. Year to date, CWEB is down 47.60% versus a gain of 14.27% for VOO.
Over three years, CWEB compounded at -13.65% per year against +22.19% for VOO; over five years the annualized figures are -33.82% and +13.28% respectively. Across the full 10-year window we track, VOO has the edge at +13.59% 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 14.2% for VOO. 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
CWEB and VOO 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 VOO?
CWEB has an expense ratio of 1.27% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $124 per year of difference.
Which performed better, CWEB or VOO?
Over the past year CWEB returned -46.85% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), CWEB annualized -20.91% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, CWEB or VOO?
CWEB has been the more volatile fund at 72.1% annualized versus 14.2% for VOO. Worst drawdown: CWEB -98.2% vs VOO -34.3%.
Should I hold both CWEB and VOO?
CWEB and VOO 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 VOO?
CWEB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, CWEB or VOO?
CWEB yields 5.67% while VOO yields 1.08%, so CWEB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.