CHAD Performance — Direxion Daily CSI 300 China A Share Bear 1X Shares
Data updated: 2023-03-31
CHAD returned +5.40% over one year to Jan 2023. The annualised 3-year return is −15.64%. The fund beat its Trading - Inverse category average: $100 invested three years ago grew to $60, against $39 for the category, and to $105 over one year, against $101. Volatility over the past three years was 23.85% a year. In the 12 months to Jan 2023 the fund took in a net $196.1M, and assets reached $13.76M.
CHAD Growth of $100
What $100 invested in Direxion Daily CSI 300 China A Share Bear 1X Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | CHAD | Category average |
|---|---|---|
| 1 year (Feb 2022 – Jan 2023) | $105 | $101 |
| 3 years (Feb 2020 – Jan 2023) | $60 | $39 |
| Since data start (Aug 2019 – Jan 2023) | $62 | $35 |
CHAD Trailing Returns
Total returns to Jan 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +5.40% |
| 3 years (annualised) | −15.64% |
CHAD Annual Returns
Calendar-year total returns of Direxion Daily CSI 300 China A Share Bear 1X Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jan) | −10.14% |
| 2022 | +25.20% |
| 2021 | −7.75% |
| 2020 | −35.41% |
| 2019 (Aug–Dec) | −7.28% |
CHAD Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | −10.1% | — | — | — | — | — | — | — | — | — | — | — |
| 2022 | +6.7% | −1.0% | +8.6% | +9.2% | −3.8% | −10.6% | +8.6% | +4.5% | +9.8% | +10.8% | −15.9% | −0.1% |
| 2021 | −4.0% | −0.9% | +5.6% | −3.2% | −6.8% | +3.2% | +6.3% | −1.3% | −1.4% | −2.2% | +0.3% | −2.9% |
| 2020 | +11.7% | −8.0% | +6.4% | −4.4% | −2.0% | −9.0% | −14.2% | −5.2% | +1.9% | −4.3% | −7.2% | −6.0% |
| 2019 | — | — | — | — | — | — | — | +2.5% | 0.0% | −2.9% | +1.2% | −7.8% |
CHAD Risk
Risk measures from monthly returns over Feb 2020 – Jan 2023.
- 3-year volatility (annualised): 23.85%
- 3-year Sharpe ratio: -0.84 (vs 4.5% risk-free rate)
- Best month: +10.76% (Oct 2022)
- Worst month: −15.85% (Nov 2022)
CHAD Fund Flows
Monthly money in and out of Direxion Daily CSI 300 China A Share Bear 1X Shares, from SEC Form N-PORT.
- 12-month net flow: $196.1M
- 12-month gross sales (incl. reinvestments): $22.7M
- Sales ÷ redemptions: -0.13×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2023 | $0 | −$950K | $950K |
| Dec 2022 | $0 | −$6.0M | $6.0M |
| Nov 2022 | $2.3M | −$4.3M | $6.6M |
| Oct 2022 | $1.1M | −$85.5M | $86.6M |
| Sep 2022 | $3.1M | −$63.8M | $66.9M |
| Aug 2022 | $0 | $0 | $0 |
| Jul 2022 | $0 | $0 | $0 |
| Jun 2022 | $0 | −$2.8M | $2.8M |
| May 2022 | $14.4M | −$8.2M | $22.6M |
| Apr 2022 | $0 | $0 | $0 |
| Mar 2022 | $1.8M | −$1.9M | $3.8M |
| Feb 2022 | $0 | $0 | $0 |
CHAD Assets Under Management
Net assets of Direxion Daily CSI 300 China A Share Bear 1X Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-01-31 | $13.76M |
| 2022-10-31 | $29.15M |
| 2022-07-31 | $151.96M |
| 2022-04-30 | $159.52M |
| 2022-01-31 | $135.76M |
| 2021-10-31 | $131.39M |
| 2021-07-31 | $135.41M |
| 2021-04-30 | $192.57M |
| 2021-01-31 | $260.51M |
| 2020-10-31 | $94.20M |
| 2020-07-31 | $15.33M |
| 2020-04-30 | $18.59M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.