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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBL or TQQQ.
Key characteristics
| WEBL | TQQQ | |
|---|---|---|
| YTD Return | 72.63% | 63.05% |
| 1Y Return | 138.78% | 93.36% |
| 3Y Return (Ann) | -32.98% | 0.71% |
| 5Y Return (Ann) | 1.57% | 35.20% |
| Sharpe Ratio | 2.95 | 2.04 |
| Sortino Ratio | 2.99 | 2.42 |
| Omega Ratio | 1.41 | 1.33 |
| Calmar Ratio | 1.85 | 2.06 |
| Martin Ratio | 13.81 | 8.51 |
| Ulcer Index | 11.82% | 12.40% |
| Daily Std Dev | 55.26% | 51.62% |
| Max Drawdown | -94.44% | -81.66% |
| Current Drawdown | -71.92% | -4.59% |
Correlation
The correlation between WEBL and TQQQ is 0.89, 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.
Performance
WEBL vs. TQQQ - Performance Comparison
In the year-to-date period, WEBL achieves a 72.63% return, which is significantly higher than TQQQ's 63.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
WEBL vs. TQQQ - Risk-Adjusted Performance 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.
Dividends
WEBL vs. TQQQ - Dividend Comparison
WEBL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
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. For additional features, visit the drawdowns tool.
Volatility
WEBL vs. TQQQ - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) and ProShares UltraPro QQQ (TQQQ) have volatilities of 13.95% and 14.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.