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WEBL vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

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.

0.00%100.00%200.00%300.00%400.00%JulyAugustSeptemberOctoberNovemberDecember
17.62%
366.19%
WEBL
TQQQ

Key characteristics

Sharpe Ratio

WEBL:

1.47

TQQQ:

1.23

Sortino Ratio

WEBL:

1.92

TQQQ:

1.72

Omega Ratio

WEBL:

1.26

TQQQ:

1.23

Calmar Ratio

WEBL:

0.97

TQQQ:

1.40

Martin Ratio

WEBL:

7.04

TQQQ:

5.25

Ulcer Index

WEBL:

11.90%

TQQQ:

12.54%

Daily Std Dev

WEBL:

57.04%

TQQQ:

53.39%

Max Drawdown

WEBL:

-94.44%

TQQQ:

-81.66%

Current Drawdown

WEBL:

-70.35%

TQQQ:

-12.01%

Returns By Period

In the year-to-date period, WEBL achieves a 82.32% return, which is significantly higher than TQQQ's 63.64% return.


WEBL

YTD

82.32%

1M

16.87%

6M

68.43%

1Y

78.67%

5Y*

0.95%

10Y*

N/A

TQQQ

YTD

63.64%

1M

8.34%

6M

7.50%

1Y

63.33%

5Y*

31.98%

10Y*

35.21%

Compare stocks, funds, or ETFs

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


WEBL vs. TQQQ - Expense Ratio Comparison

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


WEBL
Daily Dow Jones Internet Bull 3X Shares
Expense ratio chart for WEBL: current value at 1.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.17%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

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.


Sharpe ratio
The chart of Sharpe ratio for WEBL, currently valued at 1.47, compared to the broader market0.002.004.001.471.23
The chart of Sortino ratio for WEBL, currently valued at 1.92, compared to the broader market-2.000.002.004.006.008.0010.001.921.72
The chart of Omega ratio for WEBL, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.23
The chart of Calmar ratio for WEBL, currently valued at 0.97, compared to the broader market0.005.0010.0015.000.971.40
The chart of Martin ratio for WEBL, currently valued at 7.04, compared to the broader market0.0020.0040.0060.0080.00100.007.045.25
WEBL
TQQQ

The current WEBL Sharpe Ratio is 1.47, which is comparable to the TQQQ Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of WEBL and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.47
1.23
WEBL
TQQQ

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%.


TTM2023202220212020201920182017201620152014
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.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-70.35%
-12.01%
WEBL
TQQQ

Volatility

WEBL vs. TQQQ - Volatility Comparison

Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 19.64% compared to ProShares UltraPro QQQ (TQQQ) at 15.91%. 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.


10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
19.64%
15.91%
WEBL
TQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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