WEBL vs. SOXS
WEBL (Daily Dow Jones Internet Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, WEBL returned -24.48%/yr vs -80.66%/yr for SOXS. At a correlation of -0.68, they often move in opposite directions. WEBL charges 1.17%/yr vs 1.08%/yr for SOXS.
Performance
WEBL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, WEBL achieves a -23.93% return, which is significantly higher than SOXS's -94.09% return.
WEBL
- 1D
- -3.84%
- 1M
- -20.51%
- YTD
- -23.93%
- 6M
- -26.32%
- 1Y
- -23.48%
- 3Y*
- 26.22%
- 5Y*
- -24.48%
- 10Y*
- —
SOXS
- 1D
- -11.03%
- 1M
- -41.63%
- YTD
- -94.09%
- 6M
- -93.81%
- 1Y
- -97.64%
- 3Y*
- -87.76%
- 5Y*
- -80.66%
- 10Y*
- -79.95%
WEBL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | -23.93% | 2.37% | 76.78% | 165.50% | -91.04% | 2.73% | 132.56% | 10.36% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.09% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -22.08% |
Correlation
The correlation between WEBL and SOXS is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.68 |
Over the past year, the inverse relationship between WEBL and SOXS has weakened: their correlation has moved from -0.68 to -0.38, meaning they move in opposite directions less often than they have historically.
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Return for Risk
WEBL vs. SOXS — Risk / Return Rank
WEBL
SOXS
WEBL vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.64 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -1.00 | +0.58 |
| Martin ratioReturn relative to average drawdown | -0.87 | -1.51 | +0.65 |
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Drawdowns
WEBL vs. SOXS - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for WEBL and SOXS.
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Drawdown Indicators
| WEBL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -100.00% | +5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -97.88% | +41.31% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -99.87% | +39.05% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -99.98% | +5.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -77.61% | -100.00% | +22.39% |
Average DrawdownAverage peak-to-trough decline | -58.98% | -92.61% | +33.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.17% | 64.48% | -37.31% |
Volatility
WEBL vs. SOXS - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 22.67%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 65.23%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.67% | 65.23% | -42.56% |
Volatility (6M)Calculated over the trailing 6-month period | 46.74% | 100.97% | -54.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.70% | 117.61% | -58.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.01% | 111.53% | -30.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.82% | 102.14% | -19.32% |
WEBL vs. SOXS - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
WEBL vs. SOXS - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.21%, less than SOXS's 62.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 62.55% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.21% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% | 0.00% |
Frequently Asked Questions
WEBL and SOXS have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (65.23%) compared to WEBL (22.67%). In terms of maximum drawdown, WEBL dropped -94.44% vs SOXS's -100.00%.
On 5-year performance, WEBL leads with -24.48% vs -80.66% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, WEBL has been the lower-risk option at 22.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WEBL has performed better with a -24.48% return vs -80.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.17% for WEBL.
SOXS has the higher dividend yield at 62.55%, compared with 0.21% for WEBL.
WEBL is categorized as Leveraged Equities, while SOXS is Inverse Equities. WEBL tracks Dow Jones Internet Composite Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.17% for WEBL and 1.08% for SOXS.
WEBL currently has the higher Sharpe Ratio (-0.40 vs -0.83), 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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