WEBL vs. TMF
WEBL (Daily Dow Jones Internet Bull 3X Shares) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. Over the past 5 years, WEBL returned -24.48%/yr vs -30.26%/yr for TMF. At a 0.04 correlation, their price movements are largely independent. WEBL charges 1.17%/yr vs 1.01%/yr for TMF.
Performance
WEBL vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, WEBL achieves a -23.93% return, which is significantly lower than TMF's -0.03% return.
WEBL
- 1D
- -3.84%
- 1M
- -20.51%
- YTD
- -23.93%
- 6M
- -26.32%
- 1Y
- -23.48%
- 3Y*
- 26.22%
- 5Y*
- -24.48%
- 10Y*
- —
TMF
- 1D
- -0.11%
- 1M
- 8.39%
- YTD
- -0.03%
- 6M
- -2.97%
- 1Y
- -0.36%
- 3Y*
- -19.98%
- 5Y*
- -30.26%
- 10Y*
- -17.10%
WEBL vs. TMF - 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% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -0.03% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | -5.89% |
Correlation
The correlation between WEBL and TMF is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | 0.04 |
The correlation between WEBL and TMF shifts across timeframes, from 0.04 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEBL vs. TMF — Risk / Return Rank
WEBL
TMF
WEBL vs. TMF - 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 20+ Year Treasury Bull 3X ETF (TMF). 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 | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.01 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.87 | -0.03 | -0.84 |
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Drawdowns
WEBL vs. TMF - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, roughly equal to the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for WEBL and TMF.
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Drawdown Indicators
| WEBL | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -92.89% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -26.51% | -30.06% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -56.09% | -4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -88.81% | -5.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.89% | — |
Current DrawdownCurrent decline from peak | -77.61% | -91.72% | +14.11% |
Average DrawdownAverage peak-to-trough decline | -58.98% | -43.79% | -15.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.17% | 12.32% | +14.85% |
Volatility
WEBL vs. TMF - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 22.67% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 7.19%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBL | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.67% | 7.19% | +15.48% |
Volatility (6M)Calculated over the trailing 6-month period | 46.74% | 19.68% | +27.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.70% | 28.08% | +30.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.01% | 46.61% | +34.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.82% | 43.86% | +38.96% |
WEBL vs. TMF - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than TMF's 1.01% expense ratio.
Dividends
WEBL vs. TMF - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.21%, less than TMF's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 3.95% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
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% | 0.00% |
Frequently Asked Questions
WEBL and TMF have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBL has higher volatility (22.67%) compared to TMF (7.19%). In terms of maximum drawdown, WEBL dropped -94.44% vs TMF's -92.89%.
On 5-year performance, WEBL leads with -24.48% vs -30.26% for TMF. On fees, TMF is cheaper at 1.01% per year. On volatility, TMF has been the lower-risk option at 7.19%. 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 -30.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMF is cheaper with a 1.01% expense ratio, compared with 1.17% for WEBL.
TMF has the higher dividend yield at 3.95%, compared with 0.21% for WEBL.
WEBL is categorized as Leveraged Equities, while TMF is Leveraged Bonds. WEBL tracks Dow Jones Internet Composite Index (300%), while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 1.17% for WEBL and 1.01% for TMF.
TMF currently has the higher Sharpe Ratio (-0.01 vs -0.40), 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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