WEBL vs. IFED

Last updated Jun 5, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - WEBL tracks the Dow Jones Internet Composite Index (300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, WEBL returned 36.94%/yr vs 16.94%/yr for IFED. A 0.72 correlation means they provide meaningful diversification when combined. WEBL charges 1.17%/yr vs 0.45%/yr for IFED.

Performance

WEBL vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEBL achieves a 2.87% return, which is significantly higher than IFED's -2.98% return.

WEBL

• 1D: 0.57%
• 1M: 13.84%
• YTD: 2.87%
• 6M: -0.58%
• 1Y: 7.07%
• 3Y*: 36.94%
• 5Y*: -16.60%
• 10Y*: —

IFED

• 1D: 0.56%
• 1M: 5.41%
• YTD: -2.98%
• 6M: -2.59%
• 1Y: 2.46%
• 3Y*: 16.94%
• 5Y*: —
• 10Y*: —

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

WEBL vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WEBL Daily Dow Jones Internet Bull 3X Shares	2.87%	2.37%	76.78%	165.50%	-91.04%	-27.13%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-2.98%	15.02%	23.04%	20.78%	-1.46%	8.46%

Correlation

The correlation between WEBL and IFED is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.72

The correlation between WEBL and IFED has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

WEBL vs. IFED — Risk / Return Rank

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

WEBL

WEBL Risk / Return Rank: 12
WEBL Sharpe Ratio Rank: 11
WEBL Sortino Ratio Rank: 14
WEBL Omega Ratio Rank: 14
WEBL Calmar Ratio Rank: 11
WEBL Martin Ratio Rank: 10

IFED

IFED Risk / Return Rank: 11
IFED Sharpe Ratio Rank: 11
IFED Sortino Ratio Rank: 11
IFED Omega Ratio Rank: 11
IFED Calmar Ratio Rank: 11
IFED Martin Ratio Rank: 11

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. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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.

	WEBL	IFED	Difference
Sharpe ratio: Return per unit of total volatility	0.13	0.15	-0.03
Sortino ratio: Return per unit of downside risk	0.56	0.34	+0.22
Omega ratio: Gain probability vs. loss probability	1.07	1.04	+0.03
Calmar ratio: Return relative to maximum drawdown	0.13	0.17	-0.04
Martin ratio: Return relative to average drawdown	0.27	0.43	-0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEBL vs. IFED - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is 0.13, which is comparable to the IFED Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of WEBL and IFED, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WEBL	IFED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	0.15	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.65	-0.62

Drawdowns

WEBL vs. IFED - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for WEBL and IFED.

Drawdown Indicators

	WEBL	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-22.36%	-72.08%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-14.65%	-41.92%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	-22.36%	-38.46%
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	—	—
Current Drawdown Current decline from peak	-69.72%	-4.97%	-64.75%
Average Drawdown Average peak-to-trough decline	-58.87%	-5.84%	-53.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.01%	5.76%	+20.25%

Volatility

WEBL vs. IFED - Volatility Comparison

Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 15.48% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 4.51%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEBL	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.48%	4.51%	+10.97%
Volatility (6M) Calculated over the trailing 6-month period	43.37%	12.87%	+30.50%
Volatility (1Y) Calculated over the trailing 1-year period	56.62%	16.18%	+40.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.65%	19.87%	+60.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.85%	19.87%	+62.98%

WEBL vs. IFED - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

WEBL vs. IFED - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.19%, while IFED has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.19%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%

Frequently Asked Questions

Can I hold both WEBL and IFED in my portfolio?

WEBL and IFED have a correlation of 0.76, 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 IFED?

WEBL has higher volatility (15.48%) compared to IFED (4.51%). In terms of maximum drawdown, WEBL dropped -94.44% vs IFED's -22.36%.

Which ETF is better, WEBL or IFED?

On 3-year performance, WEBL leads with 36.94% vs 16.94% for IFED. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or IFED?

Over the 3-year period, WEBL has performed better with a 36.94% return vs 16.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.17% for WEBL.

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

WEBL has the higher dividend yield at 0.19%, compared with 0.00% for IFED.

What is the main difference between WEBL and IFED?

WEBL tracks Dow Jones Internet Composite Index (300%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.17% for WEBL and 0.45% for IFED.

Which has better risk-adjusted returns?

IFED currently has the higher Sharpe Ratio (0.15 vs 0.13), 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.