WEBL vs. WEBS
Compare and contrast key facts about Daily Dow Jones Internet Bull 3X Shares (WEBL) and Daily Dow Jones Internet Bear 3X Shares (WEBS).
WEBL and WEBS 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. WEBS 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. Both WEBL and WEBS 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 WEBS.
Correlation
The correlation between WEBL and WEBS is -0.81. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
WEBL vs. WEBS - Performance Comparison
Key characteristics
WEBL:
0.21
WEBS:
-0.66
WEBL:
0.81
WEBS:
-0.73
WEBL:
1.11
WEBS:
0.91
WEBL:
0.18
WEBS:
-0.51
WEBL:
0.76
WEBS:
-1.18
WEBL:
20.75%
WEBS:
42.76%
WEBL:
75.30%
WEBS:
76.97%
WEBL:
-94.44%
WEBS:
-99.41%
WEBL:
-80.17%
WEBS:
-99.22%
Returns By Period
In the year-to-date period, WEBL achieves a -31.05% return, which is significantly lower than WEBS's 1.69% return.
WEBL
-31.05%
-21.58%
-6.53%
10.59%
-3.81%
N/A
WEBS
1.69%
-0.53%
-29.06%
-47.99%
-50.48%
N/A
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WEBL vs. WEBS - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than WEBS's 1.07% expense ratio.
Risk-Adjusted Performance
WEBL vs. WEBS — Risk-Adjusted Performance Rank
WEBL
WEBS
WEBL vs. WEBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and Daily Dow Jones Internet Bear 3X Shares (WEBS). 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. WEBS - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.13%, less than WEBS's 6.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.13% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 6.31% | 8.01% | 8.52% | 0.20% | 0.00% | 1.13% | 0.11% |
Drawdowns
WEBL vs. WEBS - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, roughly equal to the maximum WEBS drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for WEBL and WEBS. For additional features, visit the drawdowns tool.
Volatility
WEBL vs. WEBS - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 48.17%, while Daily Dow Jones Internet Bear 3X Shares (WEBS) has a volatility of 54.46%. This indicates that WEBL experiences smaller price fluctuations and is considered to be less risky than WEBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.