DUSL vs. WEBL

Last updated Jun 24, 2026

DUSL (Direxion Daily Industrials Bull 3X Shares) and WEBL (Daily Dow Jones Internet Bull 3X Shares) are both Leveraged Equities funds from Direxion - DUSL tracks the Industrials Select Sector Index (300%) while WEBL tracks the Dow Jones Internet Composite Index (300%). Both are passively managed. Over the past 5 years, DUSL returned 21.28%/yr vs -23.96%/yr for WEBL. A 0.52 correlation means they provide meaningful diversification when combined. DUSL charges 1.01%/yr vs 1.17%/yr for WEBL.

Performance

DUSL vs. WEBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Industrials Bull 3X Shares (DUSL) and Daily Dow Jones Internet Bull 3X Shares (WEBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSL achieves a 38.51% return, which is significantly higher than WEBL's -21.23% return.

DUSL

• 1D: -6.26%
• 1M: 9.86%
• YTD: 38.51%
• 6M: 33.48%
• 1Y: 65.16%
• 3Y*: 47.94%
• 5Y*: 21.28%
• 10Y*: —

WEBL

• 1D: -1.73%
• 1M: -17.85%
• YTD: -21.23%
• 6M: -23.52%
• 1Y: -17.16%
• 3Y*: 26.17%
• 5Y*: -23.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUSL vs. WEBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DUSL Direxion Daily Industrials Bull 3X Shares	38.51%	37.50%	34.75%	37.23%	-31.17%	60.72%	-19.77%	0.86%
WEBL Daily Dow Jones Internet Bull 3X Shares	-21.23%	2.37%	76.78%	165.50%	-91.04%	2.73%	132.56%	10.36%

Correlation

The correlation between DUSL and WEBL is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.52

The correlation between DUSL and WEBL shifts across timeframes, from 0.36 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

DUSL vs. WEBL - Sectors Allocation Comparison

Sectors	DUSL	WEBL
Industrials	18.7%	1.3%
Utilities	0.9%	-
Technology	0.8%	43.1%
Consumer Cyclical	0.1%	25.5%
Basic Materials	-	-
Communication Services	-	27.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	2.0%
Healthcare	-	1.2%
Real Estate	-	-

Return for Risk

DUSL vs. WEBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUSL

DUSL Risk / Return Rank: 39
DUSL Sharpe Ratio Rank: 40
DUSL Sortino Ratio Rank: 38
DUSL Omega Ratio Rank: 36
DUSL Calmar Ratio Rank: 41
DUSL Martin Ratio Rank: 42

WEBL

WEBL Risk / Return Rank: 7
WEBL Sharpe Ratio Rank: 6
WEBL Sortino Ratio Rank: 7
WEBL Omega Ratio Rank: 7
WEBL Calmar Ratio Rank: 6
WEBL Martin Ratio Rank: 6

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.

DUSL vs. WEBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Industrials Bull 3X Shares (DUSL) and Daily Dow Jones Internet Bull 3X Shares (WEBL). 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.

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.

	DUSL	WEBL	Difference
Sharpe ratio: Return per unit of total volatility	1.32	-0.29	+1.61
Sortino ratio: Return per unit of downside risk	1.89	-0.03	+1.92
Omega ratio: Gain probability vs. loss probability	1.23	1.00	+0.23
Calmar ratio: Return relative to maximum drawdown	1.94	-0.30	+2.25
Martin ratio: Return relative to average drawdown	6.38	-0.64	+7.02

DUSL vs. WEBL - Sharpe Ratio Comparison

The current DUSL Sharpe Ratio is 1.32, which is higher than the WEBL Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of DUSL and WEBL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUSL vs. WEBL - Drawdown Comparison

The maximum DUSL drawdown since its inception was -85.74%, smaller than the maximum WEBL drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for DUSL and WEBL.

Drawdown Indicators

	DUSL	WEBL	Difference
Max Drawdown Largest peak-to-trough decline	-85.74%	-94.44%	+8.70%
Max Drawdown (1Y) Largest decline over 1 year	-33.68%	-56.57%	+22.89%
Max Drawdown (3Y) Largest decline over 3 years	-50.86%	-60.82%	+9.96%
Max Drawdown (5Y) Largest decline over 5 years	-58.43%	-94.44%	+36.01%
Current Drawdown Current decline from peak	-7.14%	-76.81%	+69.67%
Average Drawdown Average peak-to-trough decline	-21.92%	-58.96%	+37.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.24%	26.95%	-16.71%

Volatility

DUSL vs. WEBL - Volatility Comparison

The current volatility for Direxion Daily Industrials Bull 3X Shares (DUSL) is 19.06%, while Daily Dow Jones Internet Bull 3X Shares (WEBL) has a volatility of 22.71%. This indicates that DUSL experiences smaller price fluctuations and is considered to be less risky than WEBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSL	WEBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.06%	22.71%	-3.65%
Volatility (6M) Calculated over the trailing 6-month period	41.50%	46.69%	-5.19%
Volatility (1Y) Calculated over the trailing 1-year period	49.67%	58.90%	-9.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.90%	81.00%	-28.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.63%	82.85%	-21.22%

DUSL vs. WEBL - Expense Ratio Comparison

DUSL has a 1.01% expense ratio, which is lower than WEBL's 1.17% expense ratio.

Dividends

DUSL vs. WEBL - Dividend Comparison

DUSL's dividend yield for the trailing twelve months is around 8.27%, more than WEBL's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSL Direxion Daily Industrials Bull 3X Shares	8.27%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.25%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUSL and WEBL in my portfolio?

DUSL and WEBL have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSL or WEBL?

WEBL has higher volatility (22.71%) compared to DUSL (19.06%). In terms of maximum drawdown, DUSL dropped -85.74% vs WEBL's -94.44%.

Which ETF is better, DUSL or WEBL?

On 5-year performance, DUSL leads with 21.28% vs -23.96% for WEBL. On fees, DUSL is cheaper at 1.01% per year. On volatility, DUSL has been the lower-risk option at 19.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSL or WEBL?

Over the 5-year period, DUSL has performed better with a 21.28% return vs -23.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSL or WEBL?

DUSL is cheaper with a 1.01% expense ratio, compared with 1.17% for WEBL.

Which ETF pays a higher dividend yield, DUSL or WEBL?

DUSL has the higher dividend yield at 8.27%, compared with 0.25% for WEBL.

What is the main difference between DUSL and WEBL?

DUSL tracks Industrials Select Sector Index (300%), while WEBL tracks Dow Jones Internet Composite Index (300%). Their fees differ too: 1.01% for DUSL and 1.17% for WEBL.

Which has better risk-adjusted returns?

DUSL currently has the higher Sharpe Ratio (1.32 vs -0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.