Direxion Daily CSI China Internet Bull 2X Shares vs Utilities Select Sector SPDR Fund — how do they compare? Direxion Daily CSI China Internet Bull 2X Shares trades at $22.48, while Utilities Select Sector SPDR Fund trades at $45.52. The key difference: Utilities Select Sector SPDR Fund is trading nearer its 52-week high, Direxion Daily CSI China Internet Bull 2X Shares nearer its low. Which is the better fit depends on your goals.
| CWEB | XLU | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $60.13 | $47.73 |
52-Week Low | $17.70 | $40.99 |
Trailing returns across standard periods
CWEB is a leveraged ETF that seeks to provide two times (2x) the daily performance of the CSI China Internet Index. It offers magnified exposure to top Chinese internet companies listed on US and Hong Kong exchanges.
Read more on CWEB →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities. The fund is non-diversified.
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