WEBL vs. OILU
WEBL (Daily Dow Jones Internet Bull 3X Shares) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while OILU is a Leveraged Commodities fund managed by BMO. Over the past 3 years, WEBL returned 25.10%/yr vs 2.53%/yr for OILU. At a 0.16 correlation, their price movements are largely independent. WEBL charges 1.17%/yr vs 0.95%/yr for OILU.
Performance
WEBL vs. OILU - Performance Comparison
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Returns By Period
In the year-to-date period, WEBL achieves a -11.51% return, which is significantly lower than OILU's 84.54% return.
WEBL
- 1D
- -0.86%
- 1M
- 3.14%
- 6M
- 4.09%
- YTD
- -11.51%
- 1Y
- -19.70%
- 3Y*
- 25.10%
- 5Y*
- -22.59%
- 10Y*
- —
- ALL TIME*
- 0.07%
OILU
- 1D
- 2.86%
- 1M
- 27.28%
- 6M
- 58.40%
- YTD
- 84.54%
- 1Y
- 100.47%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.00%
WEBL vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | -11.51% | 2.37% | 76.78% | 165.50% | -91.04% | -27.60% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 84.54% | -16.50% | -21.65% | -32.50% | 151.08% | -16.79% |
Correlation
The correlation between WEBL and OILU is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.16 |
The correlation between WEBL and OILU shifts across timeframes, from -0.14 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEBL vs. OILU — Risk / Return Rank
WEBL
OILU
WEBL vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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 | OILU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.17 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.70 | 5.47 | -6.16 |
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Drawdowns
WEBL vs. OILU - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for WEBL and OILU.
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Drawdown Indicators
| WEBL | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -81.00% | -13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -46.49% | -10.08% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -69.09% | +8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | — | — |
Current DrawdownCurrent decline from peak | -73.95% | -50.37% | -23.58% |
Average DrawdownAverage peak-to-trough decline | -59.13% | -50.70% | -8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.27% | 18.45% | +9.82% |
Volatility
WEBL vs. OILU - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 15.82%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 17.88%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBL | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.82% | 17.88% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 47.69% | 51.06% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.30% | 63.84% | -4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.11% | 80.86% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.56% | 80.86% | +1.70% |
WEBL vs. OILU - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than OILU's 0.95% expense ratio.
Dividends
WEBL vs. OILU - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.18%, while OILU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.18% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Frequently Asked Questions
WEBL and OILU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (17.88%) compared to WEBL (15.82%). In terms of maximum drawdown, WEBL dropped -94.44% vs OILU's -81.00%.
On 3-year performance, WEBL leads with 25.10% vs 2.53% for OILU. On fees, OILU is cheaper at 0.95% per year. On volatility, WEBL has been the lower-risk option at 15.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WEBL has performed better with a 25.10% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILU is cheaper with a 0.95% expense ratio, compared with 1.17% for WEBL.
WEBL has the higher dividend yield at 0.18%, compared with 0.00% for OILU.
WEBL is categorized as Leveraged Equities, while OILU is Leveraged Commodities. They also come from different issuers: Direxion and BMO. Their fees differ too: 1.17% for WEBL and 0.95% for OILU.
OILU currently has the higher Sharpe Ratio (1.59 vs -0.33), 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.
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