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 Financial Group 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BERZ or WEBS.
Performance
BERZ vs. WEBS - Performance Comparison
Returns By Period
In the year-to-date period, BERZ achieves a -63.54% return, which is significantly lower than WEBS's -54.56% return.
BERZ
-63.54%
-14.14%
-43.18%
-70.21%
N/A
N/A
WEBS
-54.56%
-22.77%
-42.22%
-67.01%
-56.10%
N/A
Key characteristics
| BERZ | WEBS | |
|---|---|---|
| Sharpe Ratio | -0.99 | -1.20 |
| Sortino Ratio | -1.90 | -2.38 |
| Omega Ratio | 0.80 | 0.75 |
| Calmar Ratio | -0.73 | -0.68 |
| Martin Ratio | -1.35 | -1.56 |
| Ulcer Index | 52.36% | 43.38% |
| Daily Std Dev | 71.08% | 56.32% |
| Max Drawdown | -97.18% | -99.18% |
| Current Drawdown | -96.96% | -99.17% |
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BERZ vs. WEBS - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is lower than WEBS's 1.07% expense ratio.
Correlation
The correlation between BERZ and WEBS is 0.89, 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.
Risk-Adjusted Performance
BERZ vs. WEBS - Risk-Adjusted Performance 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.
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 8.62%.
| TTM | 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% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 8.62% | 4.36% | 0.05% | 0.00% | 1.13% | 0.11% |
Drawdowns
BERZ vs. WEBS - Drawdown Comparison
The maximum BERZ drawdown since its inception was -97.18%, roughly equal to the maximum WEBS drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for BERZ and WEBS. For additional features, visit the drawdowns tool.
Volatility
BERZ vs. WEBS - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 22.80% compared to Daily Dow Jones Internet Bear 3X Shares (WEBS) at 16.25%. 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.