WEBL vs. MUU

Last updated Jun 26, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - WEBL tracks the Dow Jones Internet Composite Index (300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a correlation of -0.11, they often move in opposite directions. WEBL charges 1.17%/yr vs 1.01%/yr for MUU.

Performance

WEBL vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WEBL

• 1D: -3.84%
• 1M: -20.51%
• YTD: -23.93%
• 6M: -26.32%
• 1Y: -23.48%
• 3Y*: 26.22%
• 5Y*: -24.48%
• 10Y*: —

MUU

• 1D: 31.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEBL vs. MUU - Yearly Performance Comparison

	2026 (YTD)
WEBL Daily Dow Jones Internet Bull 3X Shares	-17.09%
MUU Direxion Daily MU Bull 2X Shares	14.65%

Correlation

The correlation between WEBL and MUU is -0.11, 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 (All Time) Calculated using the full available price history since Jun 16, 2026	-0.11

Return for Risk

WEBL vs. MUU — Risk / Return Rank

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

WEBL

WEBL Risk / Return Rank: 6
WEBL Sharpe Ratio Rank: 6
WEBL Sortino Ratio Rank: 7
WEBL Omega Ratio Rank: 7
WEBL Calmar Ratio Rank: 6
WEBL Martin Ratio Rank: 6

MUU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and Direxion Daily MU Bull 2X Shares (MUU). 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	MUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	—	—
Sortino ratio: Return per unit of downside risk	-0.21	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.42	—	—
Martin ratio: Return relative to average drawdown	-0.87	—	—

Drawdowns

WEBL vs. MUU - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for WEBL and MUU.

Drawdown Indicators

	WEBL	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-26.63%	-67.81%
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	-77.61%	-3.84%	-73.77%
Average Drawdown Average peak-to-trough decline	-58.98%	-11.62%	-47.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.17%	—	—

Volatility

Volatility by Period

	WEBL	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.70%	307.99%	-249.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.01%	307.99%	-226.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.82%	307.99%	-225.17%

WEBL vs. MUU - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

WEBL vs. MUU - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.21%, more than MUU's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MUU Direxion Daily MU Bull 2X Shares	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.21%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%

Frequently Asked Questions

Can I hold both WEBL and MUU in my portfolio?

WEBL and MUU have a correlation of -0.11, 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 MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEBL or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.17% for WEBL.

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

WEBL has the higher dividend yield at 0.21%, compared with 0.17% for MUU.

What is the main difference between WEBL and MUU?

WEBL tracks Dow Jones Internet Composite Index (300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.17% for WEBL and 1.01% for MUU.