FDN vs. WEBL
Compare and contrast key facts about First Trust Dow Jones Internet Index (FDN) and Daily Dow Jones Internet Bull 3X Shares (WEBL).
FDN and WEBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDN is a passively managed fund by First Trust that tracks the performance of the Dow Jones Internet Index. It was launched on Jun 23, 2006. WEBL 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 FDN and WEBL 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: FDN or WEBL.
Key characteristics
| FDN | WEBL | |
|---|---|---|
| YTD Return | 28.19% | 72.63% |
| 1Y Return | 43.85% | 138.78% |
| 3Y Return (Ann) | -1.21% | -32.98% |
| 5Y Return (Ann) | 12.27% | 1.57% |
| Sharpe Ratio | 2.62 | 2.95 |
| Sortino Ratio | 3.32 | 2.99 |
| Omega Ratio | 1.45 | 1.41 |
| Calmar Ratio | 1.42 | 1.85 |
| Martin Ratio | 13.70 | 13.81 |
| Ulcer Index | 3.57% | 11.82% |
| Daily Std Dev | 18.68% | 55.26% |
| Max Drawdown | -61.55% | -94.44% |
| Current Drawdown | -5.20% | -71.92% |
Correlation
The correlation between FDN and WEBL is 0.99, 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.
Performance
FDN vs. WEBL - Performance Comparison
In the year-to-date period, FDN achieves a 28.19% return, which is significantly lower than WEBL's 72.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDN vs. WEBL - Expense Ratio Comparison
FDN has a 0.52% expense ratio, which is lower than WEBL's 1.17% expense ratio.
Risk-Adjusted Performance
FDN vs. WEBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) 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.
Dividends
FDN vs. WEBL - Dividend Comparison
Neither FDN nor WEBL has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FDN First Trust Dow Jones Internet Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Drawdowns
FDN vs. WEBL - Drawdown Comparison
The maximum FDN drawdown since its inception was -61.55%, smaller than the maximum WEBL drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for FDN and WEBL. For additional features, visit the drawdowns tool.
Volatility
FDN vs. WEBL - Volatility Comparison
The current volatility for First Trust Dow Jones Internet Index (FDN) is 4.77%, while Daily Dow Jones Internet Bull 3X Shares (WEBL) has a volatility of 13.95%. This indicates that FDN 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.