WEBL vs. MSTZ

Last updated Jul 15, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while MSTZ is a Inverse Equities fund actively managed by REX. WEBL is passively managed, while MSTZ is actively managed. Over the past year, WEBL returned -10.95% vs 266.72% for MSTZ. At a correlation of -0.44, they often move in opposite directions. WEBL charges 1.17%/yr vs 1.05%/yr for MSTZ.

Performance

WEBL vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEBL achieves a -5.62% return, which is significantly higher than MSTZ's -31.90% return.

WEBL

• 1D: 0.74%
• 1M: 10.87%
• 6M: -4.04%
• YTD: -5.62%
• 1Y: -10.95%
• 3Y*: 25.95%
• 5Y*: -20.59%
• 10Y*: —

MSTZ

• 1D: -11.25%
• 1M: 29.92%
• 6M: -7.52%
• YTD: -31.90%
• 1Y: 266.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEBL vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEBL Daily Dow Jones Internet Bull 3X Shares	-5.62%	2.37%	60.58%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-31.90%	-38.95%	-94.43%

Correlation

The correlation between WEBL and MSTZ is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.42
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	-0.44

Return for Risk

WEBL vs. MSTZ — Risk / Return Rank

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

WEBL

WEBL Risk / Return Rank: 8
WEBL Sharpe Ratio Rank: 7
WEBL Sortino Ratio Rank: 9
WEBL Omega Ratio Rank: 9
WEBL Calmar Ratio Rank: 7
WEBL Martin Ratio Rank: 7

MSTZ

MSTZ Risk / Return Rank: 65
MSTZ Sharpe Ratio Rank: 71
MSTZ Sortino Ratio Rank: 65
MSTZ Omega Ratio Rank: 66
MSTZ Calmar Ratio Rank: 77
MSTZ Martin Ratio Rank: 46

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. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). 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	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	1.81	-1.99
Sortino ratio: Return per unit of downside risk	0.14	2.41	-2.27
Omega ratio: Gain probability vs. loss probability	1.02	1.31	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.19	3.16	-3.36
Martin ratio: Return relative to average drawdown	-0.39	6.14	-6.53

WEBL vs. MSTZ - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.19, which is lower than the MSTZ Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of WEBL and MSTZ, 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. MSTZ - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, roughly equal to the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for WEBL and MSTZ.

Drawdown Indicators

	WEBL	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-99.38%	+4.94%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-84.89%	+28.32%
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	-72.22%	-97.68%	+25.46%
Average Drawdown Average peak-to-trough decline	-59.09%	-94.54%	+35.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.97%	43.66%	-15.69%

Volatility

WEBL vs. MSTZ - Volatility Comparison

The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 19.14%, while T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) has a volatility of 57.19%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky than MSTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEBL	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.14%	57.19%	-38.05%
Volatility (6M) Calculated over the trailing 6-month period	47.68%	135.18%	-87.50%
Volatility (1Y) Calculated over the trailing 1-year period	59.14%	148.74%	-89.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.11%	171.04%	-89.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.64%	171.04%	-88.40%

WEBL vs. MSTZ - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than MSTZ's 1.05% expense ratio.

Dividends

WEBL vs. MSTZ - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.17%, while MSTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MSTZ T-REX 2X Inverse MSTR Daily Target 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	0.17%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%

Frequently Asked Questions

Can I hold both WEBL and MSTZ in my portfolio?

WEBL and MSTZ have a correlation of -0.42, 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 MSTZ?

MSTZ has higher volatility (57.19%) compared to WEBL (19.14%). In terms of maximum drawdown, WEBL dropped -94.44% vs MSTZ's -99.38%.

Which ETF is better, WEBL or MSTZ?

On 1-year performance, MSTZ leads with 266.72% vs -10.95% for WEBL. On fees, MSTZ is cheaper at 1.05% per year. On volatility, WEBL has been the lower-risk option at 19.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or MSTZ?

Over the 1-year period, MSTZ has performed better with a 266.72% return vs -10.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or MSTZ?

MSTZ is cheaper with a 1.05% expense ratio, compared with 1.17% for WEBL.

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

WEBL has the higher dividend yield at 0.17%, compared with 0.00% for MSTZ.

What is the main difference between WEBL and MSTZ?

WEBL is categorized as Leveraged Equities, while MSTZ is Inverse Equities. They also come from different issuers: Direxion and REX. Their fees differ too: 1.17% for WEBL and 1.05% for MSTZ.

Which has better risk-adjusted returns?

MSTZ currently has the higher Sharpe Ratio (1.81 vs -0.19), 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.