WEBL vs. GOOG
Compare and contrast key facts about Daily Dow Jones Internet Bull 3X Shares (WEBL) and Alphabet Inc (GOOG).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBL or GOOG.
Correlation
The correlation between WEBL and GOOG is 0.72, 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. GOOG - Performance Comparison
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Key characteristics
WEBL:
0.52
GOOG:
-0.18
WEBL:
1.16
GOOG:
-0.05
WEBL:
1.16
GOOG:
0.99
WEBL:
0.45
GOOG:
-0.20
WEBL:
1.73
GOOG:
-0.43
WEBL:
22.56%
GOOG:
13.49%
WEBL:
75.85%
GOOG:
30.81%
WEBL:
-94.44%
GOOG:
-44.60%
WEBL:
-73.44%
GOOG:
-22.45%
Returns By Period
In the year-to-date period, WEBL achieves a -7.62% return, which is significantly higher than GOOG's -15.42% return.
WEBL
-7.62%
53.41%
-4.56%
39.32%
-0.89%
N/A
GOOG
-15.42%
0.93%
-12.04%
-5.41%
19.06%
19.79%
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Risk-Adjusted Performance
WEBL vs. GOOG — Risk-Adjusted Performance Rank
WEBL
GOOG
WEBL vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and Alphabet Inc (GOOG). 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.
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Dividends
WEBL vs. GOOG - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.10%, less than GOOG's 0.50% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.10% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
GOOG Alphabet Inc | 0.50% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WEBL vs. GOOG - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for WEBL and GOOG. For additional features, visit the drawdowns tool.
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Volatility
WEBL vs. GOOG - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 22.63% compared to Alphabet Inc (GOOG) at 11.23%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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