- ISIN
- US25460E3642
- CUSIP
- 25460E364
- Issuer
- Direxion
- Inception Date
- Nov 7, 2019
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- Dow Jones Internet Composite Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $85M
Share Price Chart
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Performance
WEBL Performance Chart
Daily Dow Jones Internet Bull 3X Shares (WEBL) is down 19.8% since the beginning of the year. WEBL is currently trading at $22 per share. Investors who bought $1,000 worth of WEBL shares 5 years ago would now be looking at an investment worth $265.
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Returns By Period
Daily Dow Jones Internet Bull 3X Shares (WEBL) has returned -19.84% so far this year and -13.17% over the past 12 months.
Daily Dow Jones Internet Bull 3X Shares
- 1D
- -6.56%
- 1M
- -16.40%
- YTD
- -19.84%
- 6M
- -21.98%
- 1Y
- -13.17%
- 3Y*
- 26.91%
- 5Y*
- -23.34%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
WEBL Monthly Returns History
Based on dividend-adjusted daily data since Nov 7, 2019, WEBL's average daily return is +0.13%, while the average monthly return is +2.10%. At this rate, an investment would double in approximately 2.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2020 with a return of +61.7%, while the worst month was Apr 2022 at -47.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, WEBL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +31.4%, while the worst single day was Mar 16, 2020 at -27.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.45% | -20.98% | -13.07% | 39.77% | 23.05% | -24.23% | -19.84% | ||||||
| 2025 | 23.73% | -18.97% | -29.66% | 4.08% | 25.39% | 21.80% | 3.91% | 1.16% | 2.57% | 2.32% | -15.49% | -2.04% | 2.37% |
| 2024 | 5.74% | 16.09% | 2.15% | -15.62% | -3.80% | 16.59% | -10.28% | 2.91% | 12.16% | 9.72% | 31.80% | -0.52% | 76.78% |
| 2023 | 46.94% | -12.16% | 21.85% | -12.03% | 29.87% | 11.31% | 18.56% | -8.86% | -17.83% | -14.99% | 38.63% | 26.86% | 165.50% |
| 2022 | -34.93% | -19.23% | -4.69% | -47.10% | -31.46% | -29.99% | 32.22% | -8.59% | -27.37% | 1.69% | 0.97% | -21.78% | -91.04% |
| 2021 | 4.17% | 9.69% | -11.12% | 14.70% | -5.73% | 26.95% | -4.54% | 9.33% | -15.94% | 10.11% | -17.63% | -7.37% | 2.73% |
Benchmark Metrics
Daily Dow Jones Internet Bull 3X Shares has an annualized alpha of -16.71%, beta of 3.32, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since November 07, 2019.
- This ETF captured 383.05% of S&P 500 Index gains and 230.09% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -16.71% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 3.32 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -16.71%
- Beta
- 3.32
- R²
- 0.66
- Upside Capture
- 383.05%
- Downside Capture
- 230.09%
Expense Ratio
WEBL has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WEBL ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WEBL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.78 | -3.02 |
| Martin ratioReturn relative to average drawdown | -0.49 | 12.44 | -12.93 |
Dividends
Dividend History
Daily Dow Jones Internet Bull 3X Shares provided a 0.25% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.07 | $0.00 | $0.00 | $0.00 | $3.05 | $0.00 | $0.02 |
Dividend yield | 0.25% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Daily Dow Jones Internet Bull 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.05 | $3.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Daily Dow Jones Internet Bull 3X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Daily Dow Jones Internet Bull 3X Shares was 94.44%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current Daily Dow Jones Internet Bull 3X Shares drawdown is 76.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -94.44%Dec 2022 | 1y 3mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -70.05%Mar 2020 | 26d | 3mo 6d | 4mo 2dFeb 2020 - Jun 2020 |
2021 bear market2021 | -40.30%Mar 2021 | 20d | 4mo 17d | 5mo 7dFeb 2021 - Jul 2021 |
2020 bear market2020 | -35.40%Sep 2020 | 15d | 2mo 29d | 3mo 14dSep 2020 - Dec 2020 |
2021 correction2021 | -17.63%Aug 2021 | 23d | 20d | 1mo 13dJul 2021 - Sep 2021 |
Drawdown Indicators
| WEBL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -56.78% | -37.66% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -9.10% | -47.47% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -18.90% | -41.92% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -25.43% | -69.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -76.40% | -1.80% | -74.60% |
Average DrawdownAverage peak-to-trough decline | -58.95% | -10.71% | -48.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.84% | 2.03% | +24.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with WEBL
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