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 -16.60%/yr vs -79.43%/yr for SOXS. At a correlation of -0.69, 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 2.87% return, which is significantly higher than SOXS's -91.63% return.
WEBL
- 1D
- 0.57%
- 1M
- 13.84%
- YTD
- 2.87%
- 6M
- -0.58%
- 1Y
- 7.07%
- 3Y*
- 36.94%
- 5Y*
- -16.60%
- 10Y*
- —
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
WEBL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 2.87% | 2.37% | 76.78% | 165.50% | -91.04% | 2.73% | 132.56% | 13.47% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -20.38% |
Correlation
The correlation between WEBL and SOXS is -0.40, 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 | -0.40 |
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 8, 2019 | -0.69 |
Over the past year, the inverse relationship between WEBL and SOXS has weakened: their correlation has moved from -0.69 to -0.40, 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.
| WEBL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +4.38 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.59 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -1.00 | +1.12 |
| Martin ratioReturn relative to average drawdown | 0.27 | -1.43 | +1.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WEBL | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | -0.96 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.74 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.79 | +0.82 |
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% | -97.68% | +41.11% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -99.80% | +38.98% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -99.97% | +5.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -69.72% | -100.00% | +30.28% |
Average DrawdownAverage peak-to-trough decline | -58.87% | -92.61% | +33.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.01% | 68.11% | -42.10% |
Volatility
WEBL vs. SOXS - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 15.48%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. 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 | 15.48% | 44.24% | -28.76% |
Volatility (6M)Calculated over the trailing 6-month period | 43.37% | 84.19% | -40.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.62% | 102.19% | -45.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.65% | 108.21% | -27.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 100.48% | -17.63% |
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 0.19%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.19% | 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 -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.24%) compared to WEBL (15.48%). In terms of maximum drawdown, WEBL dropped -94.44% vs SOXS's -100.00%.
On 5-year performance, WEBL leads with -16.60% vs -79.43% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, WEBL has been the lower-risk option at 15.48%. 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 -16.60% return vs -79.43%. 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 64.53%, compared with 0.19% 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 (0.13 vs -0.95), 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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