- ISIN
- US25460E3568
- CUSIP
- 25460E356
- Issuer
- Direxion
- Inception Date
- Nov 7, 2019
- 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
- $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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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%
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.56% | 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% |
| 2022 | 37.90% | 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
- R²
- 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.
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.
| WEBS | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.62 | 2.39 | -3.01 |
Sortino ratioReturn per unit of downside risk | -0.70 | 3.25 | -3.95 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.43 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | -0.66 | 3.11 | -3.78 |
Martin ratioReturn relative to average drawdown | -1.54 | 14.38 | -15.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 7d | 18d | 3mo 25dNov 2019 - Mar 2020 |
COVID crash2020 | -23.87%Mar 2020 | 0s | 3d | 3dMar 2020 - Mar 2020 |
COVID crash2020 | -11.26%Mar 2020 | 0s | 1d | 1dMar 2020 - Mar 2020 |
2019 pullback2019 | -1.43%Nov 2019 | 0s | 5d | 5dNov 2019 - Nov 2019 |
Drawdown Indicators
| WEBS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -99.62% | 0.00% | -99.62% |
Average DrawdownAverage peak-to-trough decline | -91.09% | -10.72% | -80.37% |
Ulcer IndexDepth 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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