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.
Correlation
The correlation between GOOG and WEBL is 0.72, 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
Key characteristics
GOOG:
-0.28
WEBL:
0.28
GOOG:
-0.15
WEBL:
0.85
GOOG:
0.98
WEBL:
1.12
GOOG:
-0.27
WEBL:
0.22
GOOG:
-0.59
WEBL:
0.84
GOOG:
13.24%
WEBL:
22.27%
GOOG:
30.63%
WEBL:
74.82%
GOOG:
-44.60%
WEBL:
-94.44%
GOOG:
-24.93%
WEBL:
-76.84%
Returns By Period
In the year-to-date period, GOOG achieves a -18.12% return, which is significantly higher than WEBL's -19.47% return.
GOOG
-18.12%
6.26%
-14.36%
-8.57%
17.71%
19.36%
WEBL
-19.47%
59.70%
-13.91%
20.58%
-4.89%
N/A
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Risk-Adjusted Performance
GOOG vs. WEBL — Risk-Adjusted Performance Rank
GOOG
WEBL
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
GOOG's dividend yield for the trailing twelve months is around 0.51%, more than WEBL's 0.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.51% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.11% | 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 15.00%, while Daily Dow Jones Internet Bull 3X Shares (WEBL) has a volatility of 35.72%. 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.