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WEBL vs. TQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WEBL vs. TQQQ

Last updated Aug 4, 2026
Documentation

WEBL (Daily Dow Jones Internet Bull 3X Shares) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds - WEBL tracks the Dow Jones Internet Composite Index (300%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, WEBL returned -19.94%/yr vs 16.02%/yr for TQQQ. Their correlation of 0.86 means they have usually moved in the same direction. WEBL charges 1.17%/yr vs 0.95%/yr for TQQQ.

Performance

WEBL vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WEBL achieves a 0.79% return, which is significantly lower than TQQQ's 29.42% return.

WEBL

1D
9.12%
1M
16.81%
6M
10.93%
YTD
0.79%
1Y
-1.72%
3Y*
31.94%
5Y*
-19.94%
10Y*
—
ALL TIME*
2.02%

TQQQ

1D
5.17%
1M
-7.35%
6M
23.83%
YTD
29.42%
1Y
64.98%
3Y*
50.64%
5Y*
16.02%
10Y*
39.51%
ALL TIME*
42.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

TQQQ

ProShares UltraPro QQQ
$4.46B$4.47B$5.36B

WEBL

Daily Dow Jones Internet Bull 3X Shares
$5.15M$4.84M$6.44M

WEBL vs. TQQQ - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
WEBL
Daily Dow Jones Internet Bull 3X Shares		0.79%2.37%76.78%165.50%-91.04%2.73%132.56%10.36%
TQQQ
ProShares UltraPro QQQ		29.42%34.35%58.27%198.04%-79.09%82.98%110.05%20.14%

Correlation

The correlation between WEBL and TQQQ is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.68

Correlation (3Y)
Balances recent behavior with more history.

0.79

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2019

0.86

The correlation between WEBL and TQQQ shifts across timeframes, from 0.68 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

WEBL vs. TQQQ - Sectors Allocation Comparison

Sectors
WEBL
TQQQ

Technology

45.2%
53.8%

Consumer Cyclical

25.5%
12.3%

Communication Services

25.2%
15.8%

Financial Services

1.9%
0.2%

Healthcare

1.1%
4.2%

Industrials

1.0%
2.8%

Basic Materials

-

1.1%

Consumer Defensive

-

7.7%

Energy

-

0.6%

Real Estate

-

0.1%

Utilities

-

1.4%

Technology

WEBL
45.2%
TQQQ
53.8%

Consumer Cyclical

WEBL
25.5%
TQQQ
12.3%

Communication Services

WEBL
25.2%
TQQQ
15.8%

Financial Services

WEBL
1.9%
TQQQ
0.2%

Healthcare

WEBL
1.1%
TQQQ
4.2%

Industrials

WEBL
1.0%
TQQQ
2.8%

Basic Materials

WEBL

-

TQQQ
1.1%

Consumer Defensive

WEBL

-

TQQQ
7.7%

Energy

WEBL

-

TQQQ
0.6%

Real Estate

WEBL

-

TQQQ
0.1%

Utilities

WEBL

-

TQQQ
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Daily Dow Jones Internet Bull 3X Shares

ProShares UltraPro QQQ

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Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. UPROTQQQ vs. SPXLTQQQ vs. TECL

Return for Risk

WEBL vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
WEBL
WEBL Risk / Return Rank: 1212
Overall Rank
WEBL Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
WEBL Sortino Ratio Rank: 1414
Sortino Ratio Rank
WEBL Omega Ratio Rank: 1414
Omega Ratio Rank
WEBL Calmar Ratio Rank: 1111
Calmar Ratio Rank
WEBL Martin Ratio Rank: 1010
Martin Ratio Rank
TQQQ
TQQQ Risk / Return Rank: 4545
Overall Rank
TQQQ Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 4545
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 4444
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 4848
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

WEBLTQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.03
1.14

-1.17

Sortino ratioReturn per unit of downside risk
0.38
1.68

-1.30

Omega ratioGain probability vs. loss probability

1.05

1.21

-0.16

Calmar ratioReturn relative to maximum drawdown

-0.03

1.77

-1.80

Martin ratioReturn relative to average drawdown

-0.06

4.90

-4.96

WEBL vs. TQQQ - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.03, which is lower than the TQQQ Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of WEBL and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

WEBLTQQQDifference

Max Drawdown

Largest 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 (3Y)

Largest decline over 3 years

-60.82%

-58.04%

-2.78%

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 Drawdown

Current decline from peak

-70.33%

-21.90%

-48.43%

Average Drawdown

Average peak-to-trough decline

-59.21%

-18.50%

-40.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

28.95%

13.31%

+15.64%

Volatility

WEBL vs. TQQQ - Volatility Comparison

The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 19.20%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.63%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky 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

WEBLTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.20%

20.63%

-1.43%

Volatility (6M)

Calculated over the trailing 6-month period

49.14%

47.88%

+1.26%

Volatility (1Y)

Calculated over the trailing 1-year period

60.73%

57.57%

+3.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

81.30%

68.10%

+13.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

82.59%

66.61%

+15.98%

WEBL vs. TQQQ - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

Dividends

WEBL vs. TQQQ - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.16%, less than TQQQ's 0.56% yield.

PositionTTM20252024202320222021202020192018201720162015
TQQQ
ProShares UltraPro QQQ		0.56%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%
WEBL
Daily Dow Jones Internet Bull 3X Shares		0.16%0.25%0.00%0.00%0.00%4.79%0.00%0.06%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WEBL and TQQQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TQQQ has higher volatility (20.63%) compared to WEBL (19.20%). In terms of maximum drawdown, WEBL dropped -94.44% vs TQQQ's -81.66%.

On 5-year performance, TQQQ leads with 16.02% vs -19.94% for WEBL. On fees, TQQQ is cheaper at 0.95% per year. On volatility, WEBL has been the lower-risk option at 19.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, TQQQ has performed better with a 16.02% return vs -19.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TQQQ is cheaper with a 0.95% expense ratio, compared with 1.17% for WEBL.

TQQQ has the higher dividend yield at 0.56%, compared with 0.16% for WEBL.

WEBL tracks Dow Jones Internet Composite Index (300%), while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.17% for WEBL and 0.95% for TQQQ.

TQQQ currently has the higher Sharpe Ratio (1.14 vs -0.03), 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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