LCF vs. WEBS

Last updated Jun 24, 2026

LCF (Touchstone US Large Cap Focused ETF) and WEBS (Daily Dow Jones Internet Bear 3X Shares) are both exchange-traded funds - LCF is a Large Cap Blend Equities fund actively managed by Touchstone, while WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%). LCF is actively managed, while WEBS is passively managed. Over the past 3 years, LCF returned 15.56%/yr vs -45.58%/yr for WEBS. At a correlation of -0.83, they often move in opposite directions. LCF charges 0.70%/yr vs 1.07%/yr for WEBS.

Performance

LCF vs. WEBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone US Large Cap Focused ETF (LCF) and Daily Dow Jones Internet Bear 3X Shares (WEBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCF achieves a 0.88% return, which is significantly lower than WEBS's 3.81% return.

LCF

• 1D: -0.58%
• 1M: -3.25%
• YTD: 0.88%
• 6M: 0.24%
• 1Y: 14.62%
• 3Y*: 15.56%
• 5Y*: —
• 10Y*: —

WEBS

• 1D: 0.85%
• 1M: 15.73%
• YTD: 3.81%
• 6M: 7.21%
• 1Y: -11.42%
• 3Y*: -45.58%
• 5Y*: -31.10%
• 10Y*: —

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

LCF vs. WEBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LCF Touchstone US Large Cap Focused ETF	0.88%	17.20%	20.71%	26.20%	-4.72%
WEBS Daily Dow Jones Internet Bear 3X Shares	3.81%	-40.66%	-56.62%	-75.58%	2.96%

Correlation

The correlation between LCF and WEBS is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.79
Correlation (3Y) Calculated over the trailing 3-year period	-0.82
Correlation (All Time) Calculated using the full available price history since Jul 29, 2022	-0.83

The correlation between LCF and WEBS has been stable across timeframes, ranging from -0.83 to -0.79 - a consistent structural relationship.

Return for Risk

LCF vs. WEBS — Risk / Return Rank

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

LCF

LCF Risk / Return Rank: 33
LCF Sharpe Ratio Rank: 36
LCF Sortino Ratio Rank: 34
LCF Omega Ratio Rank: 34
LCF Calmar Ratio Rank: 27
LCF Martin Ratio Rank: 36

WEBS

WEBS Risk / Return Rank: 8
WEBS Sharpe Ratio Rank: 7
WEBS Sortino Ratio Rank: 8
WEBS Omega Ratio Rank: 8
WEBS Calmar Ratio Rank: 7
WEBS Martin Ratio Rank: 7

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.

LCF vs. WEBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone US Large Cap Focused ETF (LCF) 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.

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.

	LCF	WEBS	Difference
Sharpe ratio: Return per unit of total volatility	1.18	-0.19	+1.38
Sortino ratio: Return per unit of downside risk	1.68	0.14	+1.54
Omega ratio: Gain probability vs. loss probability	1.21	1.02	+0.20
Calmar ratio: Return relative to maximum drawdown	1.26	-0.21	+1.47
Martin ratio: Return relative to average drawdown	5.04	-0.51	+5.54

LCF vs. WEBS - Sharpe Ratio Comparison

The current LCF Sharpe Ratio is 1.18, which is higher than the WEBS Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of LCF and WEBS, 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

LCF vs. WEBS - Drawdown Comparison

The maximum LCF drawdown since its inception was -18.28%, smaller than the maximum WEBS drawdown of -99.63%. Use the drawdown chart below to compare losses from any high point for LCF and WEBS.

Drawdown Indicators

	LCF	WEBS	Difference
Max Drawdown Largest peak-to-trough decline	-18.28%	-99.63%	+81.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-53.54%	+41.87%
Max Drawdown (3Y) Largest decline over 3 years	-18.28%	-90.33%	+72.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.09%	—
Current Drawdown Current decline from peak	-4.54%	-99.50%	+94.96%
Average Drawdown Average peak-to-trough decline	-2.82%	-91.10%	+88.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	23.74%	-20.83%

Volatility

LCF vs. WEBS - Volatility Comparison

The current volatility for Touchstone US Large Cap Focused ETF (LCF) is 4.45%, while Daily Dow Jones Internet Bear 3X Shares (WEBS) has a volatility of 22.27%. This indicates that LCF experiences smaller price fluctuations and is considered to be less risky than WEBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCF	WEBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	22.27%	-17.82%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	46.43%	-36.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	59.80%	-47.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	82.13%	-66.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	89.76%	-74.25%

LCF vs. WEBS - Expense Ratio Comparison

LCF has a 0.70% expense ratio, which is lower than WEBS's 1.07% expense ratio.

Dividends

LCF vs. WEBS - Dividend Comparison

LCF's dividend yield for the trailing twelve months is around 0.54%, less than WEBS's 3.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
LCF Touchstone US Large Cap Focused ETF	0.54%	0.55%	0.63%	0.71%	0.24%	0.00%	0.00%	0.00%
WEBS Daily Dow Jones Internet Bear 3X Shares	3.14%	3.77%	8.02%	8.51%	0.20%	0.00%	1.11%	0.11%

Frequently Asked Questions

Can I hold both LCF and WEBS in my portfolio?

LCF and WEBS have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCF or WEBS?

WEBS has higher volatility (22.27%) compared to LCF (4.45%). In terms of maximum drawdown, LCF dropped -18.28% vs WEBS's -99.63%.

Which ETF is better, LCF or WEBS?

On 3-year performance, LCF leads with 15.56% vs -45.58% for WEBS. On fees, LCF is cheaper at 0.70% per year. On volatility, LCF has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCF or WEBS?

Over the 3-year period, LCF has performed better with a 15.56% return vs -45.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCF or WEBS?

LCF is cheaper with a 0.70% expense ratio, compared with 1.07% for WEBS.

Which ETF pays a higher dividend yield, LCF or WEBS?

WEBS has the higher dividend yield at 3.14%, compared with 0.54% for LCF.

What is the main difference between LCF and WEBS?

LCF is categorized as Large Cap Blend Equities, while WEBS is Leveraged Equities. They also come from different issuers: Touchstone and Direxion. Their fees differ too: 0.70% for LCF and 1.07% for WEBS.

Which has better risk-adjusted returns?

LCF currently has the higher Sharpe Ratio (1.18 vs -0.19), 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.