WEBL vs. ARKK
Compare and contrast key facts about Daily Dow Jones Internet Bull 3X Shares (WEBL) and ARK Innovation ETF (ARKK).
WEBL and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBL or ARKK.
Key characteristics
| WEBL | ARKK | |
|---|---|---|
| YTD Return | 61.21% | 3.25% |
| 1Y Return | 156.45% | 38.32% |
| 3Y Return (Ann) | -34.80% | -23.09% |
| 5Y Return (Ann) | 0.51% | 4.11% |
| Sharpe Ratio | 2.62 | 0.96 |
| Sortino Ratio | 2.79 | 1.47 |
| Omega Ratio | 1.38 | 1.18 |
| Calmar Ratio | 1.62 | 0.46 |
| Martin Ratio | 12.30 | 2.37 |
| Ulcer Index | 11.82% | 14.36% |
| Daily Std Dev | 55.43% | 35.39% |
| Max Drawdown | -94.44% | -80.91% |
| Current Drawdown | -73.78% | -64.89% |
Correlation
The correlation between WEBL and ARKK is 0.85, 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
WEBL vs. ARKK - Performance Comparison
In the year-to-date period, WEBL achieves a 61.21% return, which is significantly higher than ARKK's 3.25% 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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WEBL vs. ARKK - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
WEBL vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and ARK Innovation ETF (ARKK). 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
WEBL vs. ARKK - Dividend Comparison
Neither WEBL nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
WEBL vs. ARKK - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, which is greater than ARKK's maximum drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for WEBL and ARKK. For additional features, visit the drawdowns tool.
Volatility
WEBL vs. ARKK - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 13.66% compared to ARK Innovation ETF (ARKK) at 11.77%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.