WEBL vs. IREG

Last updated Jun 5, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. WEBL is passively managed, while IREG is actively managed. At a 0.28 correlation, their price movements are largely independent. WEBL charges 1.17%/yr vs 0.75%/yr for IREG.

Performance

WEBL vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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 lower than IREG's 56.37% return.

WEBL

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

IREG

• 1D: -11.36%
• 1M: 14.10%
• YTD: 56.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEBL vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
WEBL Daily Dow Jones Internet Bull 3X Shares	2.87%	0.92%
IREG Leverage Shares 2X Long IREN Daily ETF	56.37%	3.65%

Correlation

The correlation between WEBL and IREG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.28

Return for Risk

WEBL vs. IREG — 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

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. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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	IREG	Difference
Sharpe ratio: Return per unit of total volatility	0.13	—	—
Sortino ratio: Return per unit of downside risk	0.56	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.13	—	—
Martin ratio: Return relative to average drawdown	0.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WEBL	IREG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	—	—
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	0.90	-0.86

Drawdowns

WEBL vs. IREG - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than IREG's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for WEBL and IREG.

Drawdown Indicators

	WEBL	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-80.08%	-14.36%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	—	—
Current Drawdown Current decline from peak	-69.72%	-37.68%	-32.04%
Average Drawdown Average peak-to-trough decline	-58.87%	-44.04%	-14.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.01%	—	—

Volatility

Volatility by Period

	WEBL	IREG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.62%	207.94%	-151.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.65%	207.94%	-127.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.85%	207.94%	-125.09%

WEBL vs. IREG - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than IREG's 0.75% expense ratio.

Dividends

WEBL vs. IREG - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IREG Leverage Shares 2X Long IREN Daily ETF	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 IREG in my portfolio?

WEBL and IREG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WEBL or IREG?

On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEBL or IREG?

IREG is cheaper with a 0.75% expense ratio, compared with 1.17% for WEBL.

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

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

What is the main difference between WEBL and IREG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.17% for WEBL and 0.75% for IREG.