BERZ vs. WEBS
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Daily Dow Jones Internet Bear 3X Shares (WEBS).
BERZ and WEBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BERZ is a passively managed fund by BMO that tracks the performance of the Solactive FANG Innovation Index. It was launched on Aug 17, 2021. WEBS is a passively managed fund by Direxion that tracks the performance of the Dow Jones Internet Composite Index (300%). It was launched on Nov 7, 2019. Both BERZ and WEBS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BERZ vs. WEBS - Performance Comparison
Loading graphics...
BERZ vs. WEBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 19.74% | -78.81% | -65.95% | -89.12% | 102.85% | -30.19% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 45.45% | -40.66% | -56.62% | -75.58% | 117.15% | 1.93% |
Returns By Period
In the year-to-date period, BERZ achieves a 19.74% return, which is significantly lower than WEBS's 45.45% return.
BERZ
- 1D
- -14.87%
- 1M
- 7.73%
- YTD
- 19.74%
- 6M
- -4.91%
- 1Y
- -79.02%
- 3Y*
- -70.51%
- 5Y*
- —
- 10Y*
- —
WEBS
- 1D
- -10.51%
- 1M
- 10.72%
- YTD
- 45.45%
- 6M
- 60.82%
- 1Y
- -31.53%
- 3Y*
- -43.95%
- 5Y*
- -30.72%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BERZ vs. WEBS - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is lower than WEBS's 1.07% expense ratio.
Return for Risk
BERZ vs. WEBS — Risk / Return Rank
BERZ
WEBS
BERZ vs. WEBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Daily Dow Jones Internet Bear 3X Shares (WEBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BERZ | WEBS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.84 | -0.43 | -0.41 |
Sortino ratioReturn per unit of downside risk | -1.52 | -0.19 | -1.33 |
Omega ratioGain probability vs. loss probability | 0.81 | 0.98 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.43 | -0.45 |
Martin ratioReturn relative to average drawdown | -1.00 | -0.51 | -0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BERZ | WEBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.43 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | -0.54 | -0.11 |
Correlation
The correlation between BERZ and WEBS is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BERZ vs. WEBS - Dividend Comparison
BERZ has not paid dividends to shareholders, while WEBS's dividend yield for the trailing twelve months is around 2.24%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.24% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
Drawdowns
BERZ vs. WEBS - Drawdown Comparison
The maximum BERZ drawdown since its inception was -99.46%, roughly equal to the maximum WEBS drawdown of -99.60%. Use the drawdown chart below to compare losses from any high point for BERZ and WEBS.
Loading graphics...
Drawdown Indicators
| BERZ | WEBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.46% | -99.60% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -89.01% | -69.97% | -19.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.80% | — |
Current DrawdownCurrent decline from peak | -99.28% | -99.29% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -70.50% | -90.86% | +20.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 78.74% | 58.93% | +19.81% |
Volatility
BERZ vs. WEBS - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 29.36% compared to Daily Dow Jones Internet Bear 3X Shares (WEBS) at 22.54%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than WEBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BERZ | WEBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.36% | 22.54% | +6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 61.12% | 44.50% | +16.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.14% | 73.41% | +20.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.55% | 81.93% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.55% | 90.59% | +1.96% |