WEBL vs. FNGU
Compare and contrast key facts about Daily Dow Jones Internet Bull 3X Shares (WEBL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
WEBL and FNGU 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. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. Both WEBL and FNGU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBL or FNGU.
Key characteristics
| WEBL | FNGU | |
|---|---|---|
| YTD Return | 61.21% | 120.49% |
| 1Y Return | 156.45% | 201.15% |
| 3Y Return (Ann) | -34.80% | 4.19% |
| 5Y Return (Ann) | 0.51% | 62.70% |
| Sharpe Ratio | 2.62 | 2.70 |
| Sortino Ratio | 2.79 | 2.78 |
| Omega Ratio | 1.38 | 1.37 |
| Calmar Ratio | 1.62 | 2.97 |
| Martin Ratio | 12.30 | 11.22 |
| Ulcer Index | 11.82% | 17.23% |
| Daily Std Dev | 55.43% | 71.59% |
| Max Drawdown | -94.44% | -92.34% |
| Current Drawdown | -73.78% | -8.23% |
Correlation
The correlation between WEBL and FNGU is 0.87, 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. FNGU - Performance Comparison
In the year-to-date period, WEBL achieves a 61.21% return, which is significantly lower than FNGU's 120.49% 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. FNGU - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
WEBL vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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. FNGU - Dividend Comparison
Neither WEBL nor FNGU has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WEBL vs. FNGU - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, roughly equal to the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for WEBL and FNGU. For additional features, visit the drawdowns tool.
Volatility
WEBL vs. FNGU - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 13.66%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 19.55%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.