CWEB vs VYM
Direxion Daily CSI China Internet Index Bull 2X ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | CWEB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.04% | |
| AUM | $215M | $81.6B | |
| Dividend Yield | 5.67% | 2.24% | |
| Holdings | 9 | 616 | |
| YTD Return | -47.60% | +16.42% | |
| 1Y Return | -46.85% | +24.22% | |
| 3Y Return (annualized) | -13.65% | +19.03% | |
| 5Y Return (annualized) | -33.82% | +12.21% | |
| Volatility (annualized) | 72.1% | 14.6% | |
| Max Drawdown | -98.2% | -58.8% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 2, 2016 | Nov 10, 2006 |
CWEB vs VYM Performance
Direxion Daily CSI China Internet Index Bull 2X ETF (CWEB) is a ETF from Direxion Shares ETF Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CWEB returned -46.85% while VYM returned +24.22%. Year to date, CWEB is down 47.60% versus a gain of 16.42% for VYM.
Over three years, CWEB compounded at -13.65% per year against +19.03% for VYM; over five years the annualized figures are -33.82% and +12.21% respectively. Across the full 10-year window we track, VYM has the edge at +7.10% 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CWEB charges 1.27% per year while VYM charges 0.04%. On a $10,000 position that is $127 vs $4 annually, a gap of $123 per year that compounds over a long holding period. On income, CWEB currently yields 5.67% against 2.24% for VYM.
Holdings Overlap
CWEB and VYM share 0 holdings out of 607 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 VYM?
CWEB has an expense ratio of 1.27% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, CWEB or VYM?
Over the past year CWEB returned -46.85% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), CWEB annualized -20.91% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, CWEB or VYM?
CWEB has been the more volatile fund at 72.1% annualized versus 14.6% for VYM. Worst drawdown: CWEB -98.2% vs VYM -58.8%.
Should I hold both CWEB and VYM?
CWEB and VYM have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CWEB and VYM?
CWEB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 607 unique securities.
Which pays a higher dividend, CWEB or VYM?
CWEB yields 5.67% while VYM yields 2.24%, so CWEB currently pays the higher dividend yield.
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