WEBL vs. TSLL

Last updated Jun 5, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. WEBL is passively managed, while TSLL is actively managed. Over the past 3 years, WEBL returned 36.94%/yr vs 7.98%/yr for TSLL. At a 0.48 correlation, their price movements are largely independent. WEBL charges 1.17%/yr vs 0.83%/yr for TSLL.

Performance

WEBL vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) and Direxion Daily TSLA Bull 2X ETF (TSLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEBL achieves a 2.87% return, which is significantly higher than TSLL's -22.80% return.

WEBL

• 1D: 0.57%
• 1M: 13.84%
• YTD: 2.87%
• 6M: -0.58%
• 1Y: 7.07%
• 3Y*: 36.94%
• 5Y*: -16.60%
• 10Y*: —

TSLL

• 1D: -2.47%
• 1M: 12.96%
• YTD: -22.80%
• 6M: -25.74%
• 1Y: 12.53%
• 3Y*: 7.98%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEBL vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WEBL Daily Dow Jones Internet Bull 3X Shares	2.87%	2.37%	76.78%	165.50%	-52.10%
TSLL Direxion Daily TSLA Bull 2X ETF	-22.80%	-26.80%	99.63%	139.86%	-73.85%

Correlation

The correlation between WEBL and TSLL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.48

The correlation between WEBL and TSLL shifts across timeframes, from 0.32 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

WEBL vs. TSLL - Sectors Allocation Comparison

Sectors	WEBL	TSLL
Technology	37.7%	-
Communication Services	29.7%	-
Consumer Cyclical	27.7%	100.0%
Financial Services	2.4%	-
Industrials	1.4%	-
Healthcare	1.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WEBL vs. TSLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEBL

WEBL Risk / Return Rank: 12
WEBL Sharpe Ratio Rank: 11
WEBL Sortino Ratio Rank: 14
WEBL Omega Ratio Rank: 14
WEBL Calmar Ratio Rank: 11
WEBL Martin Ratio Rank: 10

TSLL

TSLL Risk / Return Rank: 14
TSLL Sharpe Ratio Rank: 11
TSLL Sortino Ratio Rank: 18
TSLL Omega Ratio Rank: 18
TSLL Calmar Ratio Rank: 12
TSLL Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEBL vs. TSLL - 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 TSLA Bull 2X ETF (TSLL). 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	TSLL	Difference
Sharpe ratio: Return per unit of total volatility	0.13	0.14	-0.01
Sortino ratio: Return per unit of downside risk	0.56	0.85	-0.29
Omega ratio: Gain probability vs. loss probability	1.07	1.10	-0.03
Calmar ratio: Return relative to maximum drawdown	0.13	0.23	-0.10
Martin ratio: Return relative to average drawdown	0.27	0.48	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEBL vs. TSLL - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is 0.13, which is comparable to the TSLL Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of WEBL and TSLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WEBL	TSLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	0.14	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.08	+0.12

Drawdowns

WEBL vs. TSLL - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than TSLL's maximum drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for WEBL and TSLL.

Drawdown Indicators

	WEBL	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-82.88%	-11.56%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-54.75%	-1.82%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	-82.88%	+22.06%
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	—	—
Current Drawdown Current decline from peak	-69.72%	-61.02%	-8.70%
Average Drawdown Average peak-to-trough decline	-58.87%	-53.83%	-5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.01%	26.36%	-0.35%

Volatility

WEBL vs. TSLL - Volatility Comparison

The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 15.48%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 24.35%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEBL	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.48%	24.35%	-8.87%
Volatility (6M) Calculated over the trailing 6-month period	43.37%	54.52%	-11.15%
Volatility (1Y) Calculated over the trailing 1-year period	56.62%	92.41%	-35.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.65%	106.83%	-26.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.85%	106.83%	-23.98%

WEBL vs. TSLL - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than TSLL's 0.83% expense ratio.

Dividends

WEBL vs. TSLL - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.19%, less than TSLL's 6.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TSLL Direxion Daily TSLA Bull 2X ETF	6.63%	5.00%	2.47%	4.44%	1.57%	0.00%	0.00%	0.00%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.19%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%

Frequently Asked Questions

Can I hold both WEBL and TSLL in my portfolio?

WEBL and TSLL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEBL or TSLL?

TSLL has higher volatility (24.35%) compared to WEBL (15.48%). In terms of maximum drawdown, WEBL dropped -94.44% vs TSLL's -82.88%.

Which ETF is better, WEBL or TSLL?

On 3-year performance, WEBL leads with 36.94% vs 7.98% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, WEBL has been the lower-risk option at 15.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or TSLL?

Over the 3-year period, WEBL has performed better with a 36.94% return vs 7.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or TSLL?

TSLL is cheaper with a 0.83% expense ratio, compared with 1.17% for WEBL.

Which ETF pays a higher dividend yield, WEBL or TSLL?

TSLL has the higher dividend yield at 6.63%, compared with 0.19% for WEBL.

What is the main difference between WEBL and TSLL?

Their fees differ too: 1.17% for WEBL and 0.83% for TSLL.

Which has better risk-adjusted returns?

TSLL currently has the higher Sharpe Ratio (0.14 vs 0.13), 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.