Direxion Daily CSI China Internet Bull 2X Shares (CWEB) Performance
CWEB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −58.9% since Dec 31, 2025
- 1 year
- −67.5% total return
- 5 years
- −40.3% a year
- Since first price
- −22.5% a year since 2016
CWEB trailing returns vs SPY, QQQ, AGG
| Period | CWEB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.1% | −14.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −24.5% | −24.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −38.0% | −38.5% | +7.8% | +8.4% | −1.5% |
| YTD | −58.9% | −59.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −67.5% | −68.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −42.0%−16.6%/yr | −47.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −92.4%−40.3%/yr | −93.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 2, 2016 | −92.1%−22.5%/yr | −93.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CWEB vs SPY
From Nov 2, 2016: CWEB grew to $786, SPY to $42,429.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CWEB returns by calendar year
5 of 9 full years positive. Best 2017 (+166.3%), worst 2021 (−79.4%). 2026 is year to date.
CWEB annual returns table
| Year | CWEB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −58.9% | −66.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +29.0% | −46.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.1% | −44.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −32.8% | −57.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −59.4% | −85.2% | −18.2% | −32.6% | −13.0% |
| 2021 | −79.4% | −89.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +116.4% | −47.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +51.2% | −42.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −63.0% | −73.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +166.3% | −20.0% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CWEB largest drawdowns
Now 98.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −98.3% | Oct 23, 2026 | not yet | 5.7 years | 5.7 years so far |
| Jan 26, 2018 | −74.5% | Jan 3, 2019 | Jan 8, 2021 | 11 months | 3.0 years |
| Nov 22, 2017 | −20.0% | Dec 6, 2017 | Jan 2, 2018 | 14 days | 41 days |
| Nov 9, 2016 | −19.3% | Dec 20, 2016 | Feb 10, 2017 | 41 days | 3 months |
| Oct 16, 2017 | −15.7% | Oct 30, 2017 | Nov 21, 2017 | 14 days | 36 days |
| Jan 25, 2021 | −13.1% | Jan 29, 2021 | Feb 3, 2021 | 4 days | 9 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CWEB risk statistics
| Statistic | 3 years | 5 years | Since 2016 |
|---|---|---|---|
| Annualized return | −16.6% | −36.2% | −21.6% |
| Volatility (annualized) | 64.0% | 84.3% | 72.0% |
| Sharpe ratio | -0.08 | -0.21 | -0.03 |
| Sortino ratio | -0.13 | -0.35 | -0.05 |
| Best month | +70.2% | +107.8% | +107.8% |
| Worst month | −26.6% | −42.9% | −49.9% |
| Best 12 months | +86.7% | +86.7% | +190.4% |
| Worst 12 months | −66.7% | −88.5% | −89.2% |
| Positive months | 47% | 47% | 51% |
| Beta vs S&P 500 | 0.89 | 0.75 | — |
| Correlation with S&P 500 | 0.17 | 0.14 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CWEB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 108 | −89.2% | −19.7% | +190.4% | 42% |
| 3-year (a year) | 84 | −68.0% | −16.5% | +35.0% | 21% |
| 5-year (a year) | 60 | −46.4% | −35.2% | −6.2% | 0% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
CWEB performance overview
Direxion Daily CSI China Internet Bull 2X Shares (CWEB) returned −67.5% over the past year and −40.3% a year over five years, with distributions reinvested. Since its first recorded price in 2016 it has returned −22.5% a year, turning $10,000 into about $786. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.3%, from Feb 17, 2021 to Oct 23, 2026; the fund has not yet regained that high. CWEB finished 5 of its 9 full calendar years with a gain; the best year was 2017 (+166.3%) and the worst 2021 (−79.4%). Volatility has been 72.0% a year.
Related: CWEB chart, CWEB dividends. See the CWEB overview for the latest quote and fund facts.
CWEB performance FAQ
What is the CWEB return over the past year?
CWEB returned −67.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 68.9%.
What is the average annual return of CWEB?
CWEB has returned −40.3% a year over 5 years, −22.5% a year since November 2, 2016 (total return, distributions reinvested).
How much would $10,000 invested in CWEB be worth?
$10,000 invested in CWEB at its first recorded close on November 2, 2016 would be worth about $786 on October 23, 2026 with distributions reinvested.
What was the worst year for CWEB?
The worst calendar year was 2021, with a total return of −79.4%. The best was 2017 at +166.3%.
What is the biggest drawdown of CWEB?
The largest peak-to-trough decline was −98.3% between February 17, 2021 and October 23, 2026. It has not yet recovered to that high; it is 98.3% below its peak.
How volatile is CWEB?
Over the past 3 years CWEB had an annualized volatility of 64.0% and a Sharpe ratio of -0.08 (excess return over 1–3 month T-bills per unit of risk).