WEBL vs. HDV

Last updated Jun 23, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 5 years, WEBL returned -23.34%/yr vs 10.90%/yr for HDV. At a 0.29 correlation, their price movements are largely independent. WEBL charges 1.17%/yr vs 0.08%/yr for HDV.

Performance

WEBL vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEBL achieves a -19.84% return, which is significantly lower than HDV's 12.57% return.

WEBL

• 1D: -6.56%
• 1M: -16.40%
• YTD: -19.84%
• 6M: -21.98%
• 1Y: -13.17%
• 3Y*: 26.91%
• 5Y*: -23.34%
• 10Y*: —

HDV

• 1D: 0.15%
• 1M: -2.65%
• YTD: 12.57%
• 6M: 12.67%
• 1Y: 19.54%
• 3Y*: 14.97%
• 5Y*: 10.90%
• 10Y*: 9.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEBL vs. HDV - 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%
HDV iShares Core High Dividend ETF	12.57%	11.90%	14.16%	1.72%	7.05%	19.45%	-6.48%	2.85%

Correlation

The correlation between WEBL and HDV is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.29

The correlation between WEBL and HDV shifts across timeframes, from -0.13 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

WEBL vs. HDV - Sectors Allocation Comparison

Sectors	WEBL	HDV
Technology	43.1%	0.2%
Communication Services	27.0%	5.7%
Consumer Cyclical	25.5%	9.2%
Financial Services	2.0%	4.7%
Industrials	1.3%	3.5%
Healthcare	1.2%	22.6%
Basic Materials	-	0.8%
Consumer Defensive	-	24.5%
Energy	-	20.2%
Real Estate	-	-
Utilities	-	8.1%

Return for Risk

WEBL vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEBL

WEBL Risk / Return Rank: 7
WEBL Sharpe Ratio Rank: 7
WEBL Sortino Ratio Rank: 8
WEBL Omega Ratio Rank: 8
WEBL Calmar Ratio Rank: 7
WEBL Martin Ratio Rank: 6

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 62
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 77
HDV Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEBL vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and iShares Core High Dividend ETF (HDV). 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	HDV	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.99	-2.22
Sortino ratio: Return per unit of downside risk	0.08	2.92	-2.85
Omega ratio: Gain probability vs. loss probability	1.01	1.34	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.23	3.79	-4.02
Martin ratio: Return relative to average drawdown	-0.49	10.39	-10.88

WEBL vs. HDV - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.22, which is lower than the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of WEBL and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEBL vs. HDV - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for WEBL and HDV.

Drawdown Indicators

	WEBL	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-37.04%	-57.40%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-5.18%	-51.39%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	-10.49%	-50.33%
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	-15.42%	-79.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-76.40%	-2.65%	-73.75%
Average Drawdown Average peak-to-trough decline	-58.95%	-3.08%	-55.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.84%	1.89%	+24.95%

Volatility

WEBL vs. HDV - Volatility Comparison

Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 22.93% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEBL	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.93%	3.37%	+19.56%
Volatility (6M) Calculated over the trailing 6-month period	46.83%	7.52%	+39.31%
Volatility (1Y) Calculated over the trailing 1-year period	58.99%	9.87%	+49.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.00%	12.80%	+68.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.87%	15.74%	+67.13%

WEBL vs. HDV - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

WEBL vs. HDV - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.25%, less than HDV's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.94%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.25%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEBL and HDV in my portfolio?

WEBL and HDV have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEBL or HDV?

WEBL has higher volatility (22.93%) compared to HDV (3.37%). In terms of maximum drawdown, WEBL dropped -94.44% vs HDV's -37.04%.

Which ETF is better, WEBL or HDV?

On 5-year performance, HDV leads with 10.90% vs -23.34% for WEBL. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or HDV?

Over the 5-year period, HDV has performed better with a 10.90% return vs -23.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 1.17% for WEBL.

Which ETF pays a higher dividend yield, WEBL or HDV?

HDV has the higher dividend yield at 2.94%, compared with 0.25% for WEBL.

What is the main difference between WEBL and HDV?

WEBL is categorized as Leveraged Equities, while HDV is Dividend. WEBL tracks Dow Jones Internet Composite Index (300%), while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.17% for WEBL and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (1.99 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.