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 0.71, 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
Key characteristics
WEBL:
1.47
GOOG:
1.42
WEBL:
1.92
GOOG:
1.95
WEBL:
1.26
GOOG:
1.26
WEBL:
0.97
GOOG:
1.76
WEBL:
7.04
GOOG:
4.31
WEBL:
11.90%
GOOG:
9.07%
WEBL:
57.04%
GOOG:
27.62%
WEBL:
-94.44%
GOOG:
-44.60%
WEBL:
-70.35%
GOOG:
-4.04%
Returns By Period
In the year-to-date period, WEBL achieves a 82.32% return, which is significantly higher than GOOG's 35.41% return.
WEBL
82.32%
16.87%
68.43%
78.67%
0.95%
N/A
GOOG
35.41%
7.67%
8.03%
38.18%
23.19%
22.23%
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Risk-Adjusted Performance
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.
Dividends
WEBL vs. GOOG - Dividend Comparison
WEBL has not paid dividends to shareholders, while GOOG's dividend yield for the trailing twelve months is around 0.32%.
| 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% |
GOOG Alphabet Inc. | 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.
Volatility
WEBL vs. GOOG - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 19.64% compared to Alphabet Inc. (GOOG) at 11.30%. 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.