WEBL vs. WANT

Last updated Jun 13, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) are both Leveraged Equities funds from Direxion - WEBL tracks the Dow Jones Internet Composite Index (300%) while WANT tracks the S&P Consumer Discretionary Select Sector Index (-300%). Both are passively managed. Over the past 5 years, WEBL returned -21.02%/yr vs -6.22%/yr for WANT. A 0.77 correlation means they provide meaningful diversification when combined. WEBL charges 1.17%/yr vs 0.98%/yr for WANT.

Performance

WEBL vs. WANT - 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 Consumer Discretionary Bull 3X Shares (WANT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with WEBL having a -14.87% return and WANT slightly lower at -14.95%.

WEBL

• 1D: -0.89%
• 1M: -2.18%
• YTD: -14.87%
• 6M: -15.88%
• 1Y: -12.75%
• 3Y*: 27.57%
• 5Y*: -21.02%
• 10Y*: —

WANT

• 1D: 0.66%
• 1M: -7.09%
• YTD: -14.95%
• 6M: -17.60%
• 1Y: 8.18%
• 3Y*: 12.79%
• 5Y*: -6.22%
• 10Y*: —

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

WEBL vs. WANT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WEBL Daily Dow Jones Internet Bull 3X Shares	-14.87%	2.37%	76.78%	165.50%	-91.04%	2.73%	132.56%	10.36%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-14.95%	-6.94%	60.52%	114.43%	-83.03%	84.81%	45.26%	8.39%

Correlation

The correlation between WEBL and WANT is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.77

The correlation between WEBL and WANT shifts across timeframes, from 0.60 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

WEBL vs. WANT - Sectors Allocation Comparison

Sectors	WEBL	WANT
Technology	37.7%	0.2%
Communication Services	29.7%	0.2%
Consumer Cyclical	27.7%	18.4%
Financial Services	2.4%	-
Industrials	1.4%	0.0%
Healthcare	1.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WEBL vs. WANT — Risk / Return Rank

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

WEBL

WEBL Risk / Return Rank: 8
WEBL Sharpe Ratio Rank: 7
WEBL Sortino Ratio Rank: 9
WEBL Omega Ratio Rank: 9
WEBL Calmar Ratio Rank: 8
WEBL Martin Ratio Rank: 7

WANT

WANT Risk / Return Rank: 13
WANT Sharpe Ratio Rank: 12
WANT Sortino Ratio Rank: 14
WANT Omega Ratio Rank: 14
WANT Calmar Ratio Rank: 12
WANT 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. WANT - 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 Consumer Discretionary Bull 3X Shares (WANT). 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.

	WEBL	WANT	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	0.15	-0.37
Sortino ratio: Return per unit of downside risk	0.07	0.60	-0.53
Omega ratio: Gain probability vs. loss probability	1.01	1.07	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.23	0.20	-0.43
Martin ratio: Return relative to average drawdown	-0.48	0.52	-1.01

WEBL vs. WANT - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.22, which is lower than the WANT Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of WEBL and WANT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEBL vs. WANT - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, which is greater than WANT's maximum drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for WEBL and WANT.

Drawdown Indicators

	WEBL	WANT	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-85.89%	-8.55%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-41.27%	-15.30%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	-63.53%	+2.71%
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	-85.89%	-8.55%
Current Drawdown Current decline from peak	-74.94%	-59.01%	-15.93%
Average Drawdown Average peak-to-trough decline	-58.90%	-43.11%	-15.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.44%	15.68%	+10.76%

Volatility

WEBL vs. WANT - Volatility Comparison

Daily Dow Jones Internet Bull 3X Shares (WEBL) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) have volatilities of 19.12% and 18.43%, 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.

Volatility by Period

	WEBL	WANT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.12%	18.43%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	45.07%	39.93%	+5.14%
Volatility (1Y) Calculated over the trailing 1-year period	57.70%	54.30%	+3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.76%	70.78%	+9.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.82%	71.47%	+11.35%

WEBL vs. WANT - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than WANT's 0.98% expense ratio.

Dividends

WEBL vs. WANT - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.23%, less than WANT's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.63%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.23%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%

Frequently Asked Questions

Can I hold both WEBL and WANT in my portfolio?

WEBL and WANT have a correlation of 0.60, 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 WANT?

WEBL has higher volatility (19.12%) compared to WANT (18.43%). In terms of maximum drawdown, WEBL dropped -94.44% vs WANT's -85.89%.

Which ETF is better, WEBL or WANT?

On 5-year performance, WANT leads with -6.22% vs -21.02% for WEBL. On fees, WANT is cheaper at 0.98% per year. On volatility, WANT has been the lower-risk option at 18.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or WANT?

Over the 5-year period, WANT has performed better with a -6.22% return vs -21.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or WANT?

WANT is cheaper with a 0.98% expense ratio, compared with 1.17% for WEBL.

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

WANT has the higher dividend yield at 0.63%, compared with 0.23% for WEBL.

What is the main difference between WEBL and WANT?

WEBL tracks Dow Jones Internet Composite Index (300%), while WANT tracks S&P Consumer Discretionary Select Sector Index (-300%). Their fees differ too: 1.17% for WEBL and 0.98% for WANT.

Which has better risk-adjusted returns?

WANT currently has the higher Sharpe Ratio (0.15 vs -0.22), 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.