WEBL vs. SKRE
WEBL (Daily Dow Jones Internet Bull 3X Shares) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, WEBL returned -12.09% vs -46.37% for SKRE. At a correlation of -0.34, they often move in opposite directions. WEBL charges 1.17%/yr vs 0.75%/yr for SKRE.
Performance
WEBL vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, WEBL achieves a -8.07% return, which is significantly higher than SKRE's -36.29% return.
WEBL
- 1D
- -4.34%
- 1M
- 0.84%
- 6M
- -1.86%
- YTD
- -8.07%
- 1Y
- -12.09%
- 3Y*
- 23.65%
- 5Y*
- -20.75%
- 10Y*
- —
SKRE
- 1D
- -5.25%
- 1M
- -14.79%
- 6M
- -29.24%
- YTD
- -36.29%
- 1Y
- -46.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEBL vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | -8.07% | 2.37% | 98.67% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -36.29% | -31.29% | -44.47% |
Correlation
The correlation between WEBL and SKRE is -0.21, 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 | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.34 |
The correlation between WEBL and SKRE shifts across timeframes, from -0.34 (all time) to -0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEBL vs. SKRE — Risk / Return Rank
WEBL
SKRE
WEBL vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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 | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.82 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -0.90 | +0.69 |
| Martin ratioReturn relative to average drawdown | -0.43 | -1.61 | +1.18 |
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Drawdowns
WEBL vs. SKRE - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, which is greater than SKRE's maximum drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for WEBL and SKRE.
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Drawdown Indicators
| WEBL | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -79.33% | -15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -51.44% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | — | — |
Current DrawdownCurrent decline from peak | -72.94% | -79.33% | +6.39% |
Average DrawdownAverage peak-to-trough decline | -59.10% | -48.53% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.07% | 28.81% | -0.74% |
Volatility
WEBL vs. SKRE - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 18.31% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 11.56%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBL | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.31% | 11.56% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 47.91% | 32.58% | +15.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.23% | 46.09% | +13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.12% | 55.12% | +26.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.62% | 55.12% | +27.50% |
WEBL vs. SKRE - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
WEBL vs. SKRE - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.18%, less than SKRE's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.40% | 0.26% | 3.16% | 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 SKRE have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBL has higher volatility (18.31%) compared to SKRE (11.56%). In terms of maximum drawdown, WEBL dropped -94.44% vs SKRE's -79.33%.
On 1-year performance, WEBL leads with -12.09% vs -46.37% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 11.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WEBL has performed better with a -12.09% return vs -46.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 1.17% for WEBL.
SKRE has the higher dividend yield at 0.40%, compared with 0.18% for WEBL.
WEBL is categorized as Leveraged Equities, while SKRE is Inverse Equities. WEBL tracks Dow Jones Internet Composite Index (300%), while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: Direxion and Tuttle. Their fees differ too: 1.17% for WEBL and 0.75% for SKRE.
WEBL currently has the higher Sharpe Ratio (-0.20 vs -1.01), 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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