WEBL vs. MSFT

Last updated Jun 23, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) is Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, WEBL returned -23.34%/yr vs 7.61%/yr for MSFT. A 0.73 correlation means they provide meaningful diversification when combined.

Performance

WEBL vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and Microsoft Corporation (MSFT). 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 higher than MSFT's -23.71% return.

WEBL

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

MSFT

• 1D: -3.18%
• 1M: -12.24%
• YTD: -23.71%
• 6M: -23.91%
• 1Y: -22.44%
• 3Y*: 3.92%
• 5Y*: 7.61%
• 10Y*: 23.62%

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

WEBL vs. MSFT - 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%
MSFT Microsoft Corporation	-23.71%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	9.84%

Correlation

The correlation between WEBL and MSFT is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.73

The correlation between WEBL and MSFT shifts across timeframes, from 0.61 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WEBL vs. MSFT — 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

MSFT

MSFT Risk / Return Rank: 11
MSFT Sharpe Ratio Rank: 8
MSFT Sortino Ratio Rank: 10
MSFT Omega Ratio Rank: 10
MSFT Calmar Ratio Rank: 17
MSFT 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. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and Microsoft Corporation (MSFT). 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	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	-0.87	+0.64
Sortino ratio: Return per unit of downside risk	0.08	-1.10	+1.18
Omega ratio: Gain probability vs. loss probability	1.01	0.86	+0.15
Calmar ratio: Return relative to maximum drawdown	-0.23	-0.66	+0.43
Martin ratio: Return relative to average drawdown	-0.49	-1.32	+0.83

WEBL vs. MSFT - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.22, which is higher than the MSFT Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of WEBL and MSFT, 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. MSFT - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for WEBL and MSFT.

Drawdown Indicators

	WEBL	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-69.38%	-25.06%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-33.91%	-22.66%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	-33.91%	-26.91%
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	-37.15%	-57.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-76.40%	-31.80%	-44.60%
Average Drawdown Average peak-to-trough decline	-58.95%	-21.79%	-37.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.84%	16.97%	+9.87%

Volatility

WEBL vs. MSFT - Volatility Comparison

Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 22.93% compared to Microsoft Corporation (MSFT) at 11.08%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEBL	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.93%	11.08%	+11.85%
Volatility (6M) Calculated over the trailing 6-month period	46.83%	22.93%	+23.90%
Volatility (1Y) Calculated over the trailing 1-year period	58.99%	26.01%	+32.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.00%	26.78%	+54.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.87%	27.11%	+55.76%

Dividends

WEBL vs. MSFT - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.25%, less than MSFT's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.97%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
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 MSFT in my portfolio?

WEBL and MSFT have a correlation of 0.61, 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 MSFT?

WEBL has higher volatility (22.93%) compared to MSFT (11.08%). In terms of maximum drawdown, WEBL dropped -94.44% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

WEBL currently has the higher Sharpe Ratio (-0.22 vs -0.87), 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.