OILU vs. WEBL
OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and WEBL (Daily Dow Jones Internet Bull 3X Shares) are both exchange-traded funds - OILU is a Leveraged Commodities fund managed by BMO, while WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%). Over the past 3 years, OILU returned 2.53%/yr vs 25.10%/yr for WEBL. At a 0.16 correlation, their price movements are largely independent. OILU charges 0.95%/yr vs 1.17%/yr for WEBL.
Performance
OILU vs. WEBL - Performance Comparison
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Returns By Period
In the year-to-date period, OILU achieves a 84.54% return, which is significantly higher than WEBL's -11.51% return.
OILU
- 1D
- 2.86%
- 1M
- 27.28%
- 6M
- 58.40%
- YTD
- 84.54%
- 1Y
- 100.47%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.00%
WEBL
- 1D
- -0.86%
- 1M
- 3.14%
- 6M
- 4.09%
- YTD
- -11.51%
- 1Y
- -19.70%
- 3Y*
- 25.10%
- 5Y*
- -22.59%
- 10Y*
- —
- ALL TIME*
- 0.07%
OILU vs. WEBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 84.54% | -16.50% | -21.65% | -32.50% | 151.08% | -16.79% |
WEBL Daily Dow Jones Internet Bull 3X Shares | -11.51% | 2.37% | 76.78% | 165.50% | -91.04% | -27.60% |
Correlation
The correlation between OILU and WEBL is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.16 |
The correlation between OILU and WEBL shifts across timeframes, from -0.14 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILU vs. WEBL — Risk / Return Rank
OILU
WEBL
OILU vs. WEBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) 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.
| OILU | WEBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.35 | +2.52 |
| Martin ratioReturn relative to average drawdown | 5.47 | -0.70 | +6.16 |
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Drawdowns
OILU vs. WEBL - Drawdown Comparison
The maximum OILU drawdown since its inception was -81.00%, smaller than the maximum WEBL drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for OILU and WEBL.
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Drawdown Indicators
| OILU | WEBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.00% | -94.44% | +13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -46.49% | -56.57% | +10.08% |
Max Drawdown (3Y)Largest decline over 3 years | -69.09% | -60.82% | -8.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.44% | — |
Current DrawdownCurrent decline from peak | -50.37% | -73.95% | +23.58% |
Average DrawdownAverage peak-to-trough decline | -50.70% | -59.13% | +8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.45% | 28.27% | -9.82% |
Volatility
OILU vs. WEBL - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 17.88% compared to Daily Dow Jones Internet Bull 3X Shares (WEBL) at 15.82%. This indicates that OILU's price experiences larger fluctuations and is considered to be riskier than WEBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILU | WEBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.88% | 15.82% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 51.06% | 47.69% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.84% | 59.30% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.86% | 81.11% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.86% | 82.56% | -1.70% |
OILU vs. WEBL - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is lower than WEBL's 1.17% expense ratio.
Dividends
OILU vs. WEBL - Dividend Comparison
OILU has not paid dividends to shareholders, while WEBL's dividend yield for the trailing twelve months is around 0.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.18% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Frequently Asked Questions
OILU and WEBL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (17.88%) compared to WEBL (15.82%). In terms of maximum drawdown, OILU dropped -81.00% vs WEBL's -94.44%.
On 3-year performance, WEBL leads with 25.10% vs 2.53% for OILU. On fees, OILU is cheaper at 0.95% per year. On volatility, WEBL has been the lower-risk option at 15.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WEBL has performed better with a 25.10% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILU is cheaper with a 0.95% expense ratio, compared with 1.17% for WEBL.
WEBL has the higher dividend yield at 0.18%, compared with 0.00% for OILU.
OILU is categorized as Leveraged Commodities, while WEBL is Leveraged Equities. They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for OILU and 1.17% for WEBL.
OILU currently has the higher Sharpe Ratio (1.59 vs -0.33), 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.
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