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ISIN
US25460E3568
CUSIP
25460E356
Issuer
Direxion
Inception Date
Nov 7, 2019
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
$9M

Share Price Chart


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Performance

WEBS Performance Chart

Daily Dow Jones Internet Bear 3X Shares (WEBS) is down 21.5% since the beginning of the year. WEBS is currently trading at $16 per share. Investors who bought $1,000 worth of WEBS shares 5 years ago would now be looking at an investment worth $91.


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S&P 500 Index

Returns By Period

Daily Dow Jones Internet Bear 3X Shares (WEBS) has returned -21.45% so far this year and -35.37% over the past 12 months.


Daily Dow Jones Internet Bear 3X Shares

1D
4.02%
1M
-19.57%
YTD
-21.45%
6M
-18.76%
1Y
-35.37%
3Y*
-50.43%
5Y*
-38.11%
10Y*

Benchmark (S&P 500 Index)

1D
0.13%
1M
5.25%
YTD
11.16%
6M
11.43%
1Y
28.20%
3Y*
21.12%
5Y*
12.66%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WEBS Monthly Returns History

Based on dividend-adjusted daily data since Nov 7, 2019, WEBS's average daily return is -0.14%, while the average monthly return is -4.20%.

Historically, 39% of months were positive and 61% were negative. The best month was Apr 2022 with a return of +61.1%, while the worst month was Apr 2020 at -47.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.

On a daily basis, WEBS closed higher 46% of trading days. The best single day was Mar 16, 2020 with a return of +78.2%, while the worst single day was Mar 17, 2020 at -34.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20269.56%19.90%10.72%-30.80%-19.63%-2.89%-21.45%
2025-20.54%21.03%31.08%-24.59%-22.36%-18.91%-4.06%-3.72%-2.92%-5.45%15.31%1.42%-40.66%
2024-7.86%-16.69%-2.95%14.51%3.20%-14.67%8.81%-7.07%-12.38%-9.71%-25.86%-2.65%-56.62%
2023-35.42%3.78%-22.52%10.90%-24.98%-12.19%-18.07%6.52%20.48%11.49%-29.58%-22.03%-75.58%
202237.90%8.23%-10.12%61.13%19.12%17.58%-34.17%0.71%27.37%-11.99%-19.32%19.63%117.15%
2021-7.94%-12.85%0.57%-14.80%1.27%-22.74%2.34%-9.77%16.24%-11.76%17.78%0.31%-39.82%

Benchmark Metrics

Daily Dow Jones Internet Bear 3X Shares has an annualized alpha of 25.16%, beta of -3.68, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since November 08, 2019.

  • This ETF tended to rise when S&P 500 Index fell (downside capture of -534.15%), but participation in market rallies was also limited (-135.10%) - a profile typical of counter-cyclical assets.
  • This ETF generated an annualized alpha of 25.16% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
  • Beta of -3.68 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha
25.16%
Beta
-3.68
0.69
Upside Capture
-135.10%
Downside Capture
-534.15%

Expense Ratio

WEBS has a high expense ratio of 1.07%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

WEBS ranks 3 for risk / return — in the bottom 3% 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.


WEBS Risk / Return Rank: 33
Overall Rank
WEBS Sharpe Ratio Rank: 44
Sharpe Ratio Rank
WEBS Sortino Ratio Rank: 44
Sortino Ratio Rank
WEBS Omega Ratio Rank: 44
Omega Ratio Rank
WEBS Calmar Ratio Rank: 33
Calmar Ratio Rank
WEBS Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and compare them to S&P 500 Index.


WEBSBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.62

2.39

-3.01

Sortino ratio

Return per unit of downside risk

-0.70

3.25

-3.95

Omega ratio

Gain probability vs. loss probability

0.92

1.43

-0.51

Calmar ratio

Return relative to maximum drawdown

-0.66

3.11

-3.78

Martin ratio

Return relative to average drawdown

-1.54

14.38

-15.92

Dividends

Dividend History

Daily Dow Jones Internet Bear 3X Shares provided a 4.16% dividend yield over the last twelve months, with an annual payout of $0.66 per share.


0.00%2.00%4.00%6.00%8.00%$0.00$2.00$4.00$6.00$8.002019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019
Dividend$0.66$0.76$2.82$7.25$0.75$0.00$3.15$2.50

Dividend yield

4.16%3.77%8.02%8.51%0.20%0.00%1.11%0.11%

Monthly Dividends

The table displays the monthly dividend distributions for Daily Dow Jones Internet Bear 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.12$0.00$0.00$0.00$0.12
2025$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.15$0.00$0.00$0.17$0.76
2024$0.00$0.00$0.80$0.00$0.00$0.89$0.00$0.00$0.70$0.00$0.00$0.42$2.82
2023$0.00$0.00$1.88$0.00$0.00$2.06$0.00$0.00$1.62$0.00$0.00$1.70$7.25
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.00$0.00$0.62$0.75
2021$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

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 Bear 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 Bear 3X Shares was 99.63%, occurring on Jun 1, 2026. The portfolio has not yet recovered.

The current Daily Dow Jones Internet Bear 3X Shares drawdown is 99.62%.


Related event

Drawdown

Fall

Recovery

Underwater

2026 bear market2026
-99.63%Jun 2026
6y 2mo
6y 2moMar 2020 - now
COVID crash2020
-37.65%Feb 2020
3mo 7d18d
3mo 25dNov 2019 - Mar 2020
COVID crash2020
-23.87%Mar 2020
0s3d
3dMar 2020 - Mar 2020
COVID crash2020
-11.26%Mar 2020
0s1d
1dMar 2020 - Mar 2020
2019 pullback2019
-1.43%Nov 2019
0s5d
5dNov 2019 - Nov 2019

Drawdown Indicators


WEBSBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-99.63%

-56.78%

-42.85%

Max Drawdown (1Y)

Largest decline over 1 year

-53.54%

-9.10%

-44.44%

Max Drawdown (3Y)

Largest decline over 3 years

-90.33%

-18.90%

-71.43%

Max Drawdown (5Y)

Largest decline over 5 years

-97.09%

-25.43%

-71.66%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-99.62%

0.00%

-99.62%

Average Drawdown

Average peak-to-trough decline

-91.09%

-10.72%

-80.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

23.08%

1.97%

+21.11%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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