WEBL vs. LABU
Compare and contrast key facts about Daily Dow Jones Internet Bull 3X Shares (WEBL) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).
WEBL and LABU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. LABU is a passively managed fund by Direxion that tracks the performance of the S&P Biotechnology Select Industry Index (300%). It was launched on May 28, 2015. Both WEBL and LABU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBL or LABU.
Key characteristics
| WEBL | LABU | |
|---|---|---|
| YTD Return | 61.21% | 20.80% |
| 1Y Return | 156.45% | 171.42% |
| 3Y Return (Ann) | -34.80% | -49.80% |
| 5Y Return (Ann) | 0.51% | -28.82% |
| Sharpe Ratio | 2.62 | 1.73 |
| Sortino Ratio | 2.79 | 2.30 |
| Omega Ratio | 1.38 | 1.27 |
| Calmar Ratio | 1.62 | 1.40 |
| Martin Ratio | 12.30 | 5.25 |
| Ulcer Index | 11.82% | 26.30% |
| Daily Std Dev | 55.43% | 79.92% |
| Max Drawdown | -94.44% | -98.92% |
| Current Drawdown | -73.78% | -96.79% |
Correlation
The correlation between WEBL and LABU is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WEBL vs. LABU - Performance Comparison
In the year-to-date period, WEBL achieves a 61.21% return, which is significantly higher than LABU's 20.80% 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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WEBL vs. LABU - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than LABU's 1.12% expense ratio.
Risk-Adjusted Performance
WEBL vs. LABU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). 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. LABU - Dividend Comparison
WEBL has not paid dividends to shareholders, while LABU's dividend yield for the trailing twelve months is around 0.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% | 0.00% | 0.00% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Drawdowns
WEBL vs. LABU - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, roughly equal to the maximum LABU drawdown of -98.92%. Use the drawdown chart below to compare losses from any high point for WEBL and LABU. For additional features, visit the drawdowns tool.
Volatility
WEBL vs. LABU - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 13.66%, while Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a volatility of 15.87%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky than LABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.