WEBL vs. TQQQ
Compare and contrast key facts about Daily Dow Jones Internet Bull 3X Shares (WEBL) and ProShares UltraPro QQQ (TQQQ).
WEBL and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEBL is a passively managed fund by Direxion that tracks the performance of the Dow Jones Internet Composite Index (300%). It was launched on Nov 7, 2019. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both WEBL and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WEBL vs. TQQQ - Performance Comparison
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WEBL vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | -38.49% | 2.37% | 76.78% | 165.50% | -91.04% | 2.73% | 132.56% | 13.47% |
TQQQ ProShares UltraPro QQQ | -20.81% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 18.93% |
Returns By Period
In the year-to-date period, WEBL achieves a -38.49% return, which is significantly lower than TQQQ's -20.81% return.
WEBL
- 1D
- 10.51%
- 1M
- -13.07%
- YTD
- -38.49%
- 6M
- -47.90%
- 1Y
- -10.71%
- 3Y*
- 23.40%
- 5Y*
- -24.23%
- 10Y*
- —
TQQQ
- 1D
- 10.00%
- 1M
- -15.69%
- YTD
- -20.81%
- 6M
- -19.12%
- 1Y
- 46.49%
- 3Y*
- 45.09%
- 5Y*
- 12.72%
- 10Y*
- 34.82%
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WEBL vs. TQQQ - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Return for Risk
WEBL vs. TQQQ — Risk / Return Rank
WEBL
TQQQ
WEBL vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.15 | 0.69 | -0.84 |
Sortino ratioReturn per unit of downside risk | 0.29 | 1.37 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.19 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.25 | -1.47 |
Martin ratioReturn relative to average drawdown | -0.55 | 3.87 | -4.41 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.69 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.19 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.64 | -0.70 |
Correlation
The correlation between WEBL and TQQQ is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WEBL vs. TQQQ - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.32%, less than TQQQ's 0.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.32% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.76% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
WEBL vs. TQQQ - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for WEBL and TQQQ.
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Drawdown Indicators
| WEBL | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -81.66% | -12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -36.97% | -19.60% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -81.66% | -12.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -81.89% | -30.66% | -51.23% |
Average DrawdownAverage peak-to-trough decline | -58.44% | -18.66% | -39.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.61% | 12.00% | +10.61% |
Volatility
WEBL vs. TQQQ - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 22.01% compared to ProShares UltraPro QQQ (TQQQ) at 19.43%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBL | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.01% | 19.43% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 44.90% | 38.32% | +6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.97% | 67.26% | +4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.81% | 66.55% | +14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.50% | 65.83% | +17.67% |