WEBL vs. GOOG
WEBL (Daily Dow Jones Internet Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while GOOG (Alphabet Inc) is a stock. Over the past 5 years, WEBL returned -23.34%/yr vs 22.71%/yr for GOOG. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
WEBL vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, WEBL achieves a -19.84% return, which is significantly lower than GOOG's 11.29% return.
WEBL
- 1D
- -6.56%
- 1M
- -16.40%
- YTD
- -19.84%
- 6M
- -21.98%
- 1Y
- -13.17%
- 3Y*
- 26.91%
- 5Y*
- -23.34%
- 10Y*
- —
GOOG
- 1D
- -5.08%
- 1M
- -8.01%
- YTD
- 11.29%
- 6M
- 12.18%
- 1Y
- 108.54%
- 3Y*
- 41.95%
- 5Y*
- 22.71%
- 10Y*
- 26.41%
WEBL vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | -19.84% | 2.37% | 76.78% | 165.50% | -91.04% | 2.73% | 132.56% | 10.36% |
GOOG Alphabet Inc | 11.29% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 3.50% |
Correlation
The correlation between WEBL and GOOG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | 0.68 |
Over the past year, the correlation between WEBL and GOOG has dropped to 0.45 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
WEBL vs. GOOG — Risk / Return Rank
WEBL
GOOG
WEBL vs. GOOG - Risk-Adjusted Trends 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.
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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.91 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.61 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 5.26 | -5.49 |
| Martin ratioReturn relative to average drawdown | -0.49 | 18.22 | -18.71 |
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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.
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Drawdown Indicators
| WEBL | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -44.60% | -49.84% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -20.75% | -35.82% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -29.35% | -31.47% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -44.60% | -49.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.60% | — |
Current DrawdownCurrent decline from peak | -76.40% | -12.54% | -63.86% |
Average DrawdownAverage peak-to-trough decline | -58.95% | -8.89% | -50.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.84% | 5.98% | +20.86% |
Volatility
WEBL vs. GOOG - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 22.93% compared to Alphabet Inc (GOOG) at 9.64%. 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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Volatility by Period
| WEBL | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.93% | 9.64% | +13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 46.83% | 21.07% | +25.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.99% | 29.15% | +29.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.00% | 31.30% | +49.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.87% | 29.09% | +53.78% |
Dividends
WEBL vs. GOOG - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.25%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.25% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Frequently Asked Questions
WEBL and GOOG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBL has higher volatility (22.93%) compared to GOOG (9.64%). In terms of maximum drawdown, WEBL dropped -94.44% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (3.75 vs -0.22), 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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