WEBL vs. BITI
WEBL (Daily Dow Jones Internet Bull 3X Shares) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, WEBL returned 31.94%/yr vs -32.35%/yr for BITI. Their -0.36 correlation means they have often moved in opposite directions in the past. WEBL charges 1.17%/yr vs 1.03%/yr for BITI.
Performance
WEBL vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, WEBL achieves a 0.79% return, which is significantly lower than BITI's 25.22% return.
WEBL
- 1D
- 9.12%
- 1M
- 16.81%
- 6M
- 10.93%
- YTD
- 0.79%
- 1Y
- -1.72%
- 3Y*
- 31.94%
- 5Y*
- -19.94%
- 10Y*
- —
- ALL TIME*
- 2.02%
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.18M | $25.87M | $38.72M | |
| $5.15M | $4.84M | $6.44M |
WEBL vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.79% | 2.37% | 76.78% | 165.50% | -27.08% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between WEBL and BITI is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.36 |
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Return for Risk
WEBL vs. BITI — Risk / Return Rank
WEBL
BITI
WEBL vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and ProShares Short Bitcoin ETF (BITI). 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.
| WEBL | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.24 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.06 | 5.45 | -5.51 |
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Drawdowns
WEBL vs. BITI - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, roughly equal to the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for WEBL and BITI.
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Drawdown Indicators
| WEBL | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -92.16% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -25.28% | -31.29% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -84.63% | +23.81% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | — | — |
Current DrawdownCurrent decline from peak | -70.33% | -86.33% | +16.00% |
Average DrawdownAverage peak-to-trough decline | -59.21% | -68.61% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.95% | 10.37% | +18.58% |
Volatility
WEBL vs. BITI - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 19.20% compared to ProShares Short Bitcoin ETF (BITI) at 8.93%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBL | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.20% | 8.93% | +10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 49.14% | 33.35% | +15.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.73% | 44.25% | +16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.30% | 52.01% | +29.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.59% | 52.01% | +30.58% |
WEBL vs. BITI - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than BITI's 1.03% expense ratio.
Dividends
WEBL vs. BITI - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.16%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.16% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Frequently Asked Questions
WEBL and BITI have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBL has higher volatility (19.20%) compared to BITI (8.93%). In terms of maximum drawdown, WEBL dropped -94.44% vs BITI's -92.16%.
On 3-year performance, WEBL leads with 31.94% vs -32.35% for BITI. On fees, BITI is cheaper at 1.03% per year. On volatility, BITI has been the lower-risk option at 8.93%. 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 31.94% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITI is cheaper with a 1.03% expense ratio, compared with 1.17% for WEBL.
BITI has the higher dividend yield at 21.80%, compared with 0.16% for WEBL.
WEBL is categorized as Leveraged Equities, while BITI is Cryptocurrency. WEBL tracks Dow Jones Internet Composite Index (300%), while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.17% for WEBL and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.28 vs -0.03), 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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