GOOG vs. WEBL
Compare and contrast key facts about Alphabet Inc. (GOOG) and Daily Dow Jones Internet Bull 3X Shares (WEBL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOOG or WEBL.
Key characteristics
| GOOG | WEBL | |
|---|---|---|
| YTD Return | 12.08% | 5.28% |
| 1Y Return | 49.14% | 98.02% |
| 3Y Return (Ann) | 10.96% | -40.08% |
| Sharpe Ratio | 1.82 | 1.66 |
| Daily Std Dev | 27.04% | 60.68% |
| Max Drawdown | -44.60% | -94.44% |
| Current Drawdown | -1.77% | -82.88% |
Correlation
The correlation between GOOG and WEBL is 0.73, 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
GOOG vs. WEBL - Performance Comparison
In the year-to-date period, GOOG achieves a 12.08% return, which is significantly higher than WEBL's 5.28% 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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Risk-Adjusted Performance
GOOG vs. WEBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. (GOOG) 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
GOOG vs. WEBL - Dividend Comparison
Neither GOOG nor WEBL has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
GOOG Alphabet Inc. | 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
GOOG vs. WEBL - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum WEBL drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for GOOG and WEBL. For additional features, visit the drawdowns tool.
Volatility
GOOG vs. WEBL - Volatility Comparison
The current volatility for Alphabet Inc. (GOOG) is 6.16%, while Daily Dow Jones Internet Bull 3X Shares (WEBL) has a volatility of 15.29%. This indicates that GOOG 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.