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.
Key characteristics
| WEBL | GOOG | |
|---|---|---|
| YTD Return | 61.21% | 27.94% |
| 1Y Return | 156.45% | 36.91% |
| 3Y Return (Ann) | -34.80% | 6.52% |
| 5Y Return (Ann) | 0.51% | 22.46% |
| Sharpe Ratio | 2.62 | 1.34 |
| Sortino Ratio | 2.79 | 1.87 |
| Omega Ratio | 1.38 | 1.25 |
| Calmar Ratio | 1.62 | 1.58 |
| Martin Ratio | 12.30 | 4.04 |
| Ulcer Index | 11.82% | 8.73% |
| Daily Std Dev | 55.43% | 26.28% |
| Max Drawdown | -94.44% | -44.60% |
| Current Drawdown | -73.78% | -6.52% |
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
In the year-to-date period, WEBL achieves a 61.21% return, which is significantly higher than GOOG's 27.94% 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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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 0.22%.
| 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. | 0.22% | 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 13.66% compared to Alphabet Inc. (GOOG) at 6.76%. 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.