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.
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
Key characteristics
WEBL:
0.08
LABU:
-0.73
WEBL:
0.52
LABU:
-0.89
WEBL:
1.07
LABU:
0.90
WEBL:
0.06
LABU:
-0.54
WEBL:
0.29
LABU:
-2.05
WEBL:
17.04%
LABU:
26.11%
WEBL:
61.29%
LABU:
72.83%
WEBL:
-94.44%
LABU:
-98.92%
WEBL:
-78.42%
LABU:
-98.70%
Returns By Period
In the year-to-date period, WEBL achieves a -24.96% return, which is significantly higher than LABU's -33.88% return.
WEBL
-24.96%
-20.54%
9.01%
7.43%
9.45%
N/A
LABU
-33.88%
-19.29%
-52.60%
-48.21%
-31.76%
N/A
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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 Rank
WEBL
LABU
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's dividend yield for the trailing twelve months is around 0.12%, less than LABU's 0.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.12% | 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 | 0.43% | 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
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 29.91% compared to Direxion Daily S&P Biotech Bull 3x Shares (LABU) at 26.51%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than LABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.