WEBS vs. FDTX
WEBS (Daily Dow Jones Internet Bear 3X Shares) and FDTX (Fidelity Disruptive Technology ETF) are both exchange-traded funds - WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while FDTX is a Technology Equities fund actively managed by Fidelity. WEBS is passively managed, while FDTX is actively managed. Over the past year, WEBS returned -29.15% vs 58.85% for FDTX. At a correlation of -0.85, they often move in opposite directions. WEBS charges 1.07%/yr vs 0.50%/yr for FDTX.
Performance
WEBS vs. FDTX - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a -17.52% return, which is significantly lower than FDTX's 41.92% return.
WEBS
- 1D
- -0.84%
- 1M
- -14.10%
- YTD
- -17.52%
- 6M
- -14.99%
- 1Y
- -29.15%
- 3Y*
- -49.50%
- 5Y*
- -36.81%
- 10Y*
- —
FDTX
- 1D
- -0.33%
- 1M
- 20.99%
- YTD
- 41.92%
- 6M
- 41.67%
- 1Y
- 58.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEBS vs. FDTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | -17.52% | -40.66% | -56.62% | -39.05% |
FDTX Fidelity Disruptive Technology ETF | 41.92% | 15.25% | 23.99% | 11.73% |
Correlation
The correlation between WEBS and FDTX is -0.77, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | -0.85 |
The correlation between WEBS and FDTX has been stable across timeframes, ranging from -0.85 to -0.77 - a consistent structural relationship.
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Return for Risk
WEBS vs. FDTX — Risk / Return Rank
WEBS
FDTX
WEBS vs. FDTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and Fidelity Disruptive Technology ETF (FDTX). 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.
| WEBS | FDTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.39 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 3.05 | -3.60 |
| Martin ratioReturn relative to average drawdown | -1.25 | 9.66 | -10.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WEBS | FDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | 2.42 | -2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 1.25 | -1.83 |
Drawdowns
WEBS vs. FDTX - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than FDTX's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for WEBS and FDTX.
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Drawdown Indicators
| WEBS | FDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -27.23% | -72.40% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -19.38% | -34.16% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | — | — |
Current DrawdownCurrent decline from peak | -99.60% | -0.88% | -98.72% |
Average DrawdownAverage peak-to-trough decline | -91.10% | -5.51% | -85.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.38% | 6.11% | +17.27% |
Volatility
WEBS vs. FDTX - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 15.71% compared to Fidelity Disruptive Technology ETF (FDTX) at 8.56%. This indicates that WEBS's price experiences larger fluctuations and is considered to be riskier than FDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBS | FDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.71% | 8.56% | +7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 43.40% | 19.47% | +23.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.59% | 24.45% | +33.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.78% | 25.50% | +56.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.82% | 25.50% | +64.32% |
WEBS vs. FDTX - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than FDTX's 0.50% expense ratio.
Dividends
WEBS vs. FDTX - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 3.96%, while FDTX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDTX Fidelity Disruptive Technology ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 3.96% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
Frequently Asked Questions
WEBS and FDTX have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBS has higher volatility (15.71%) compared to FDTX (8.56%). In terms of maximum drawdown, WEBS dropped -99.63% vs FDTX's -27.23%.
On 1-year performance, FDTX leads with 58.85% vs -29.15% for WEBS. On fees, FDTX is cheaper at 0.50% per year. On volatility, FDTX has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDTX has performed better with a 58.85% return vs -29.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDTX is cheaper with a 0.50% expense ratio, compared with 1.07% for WEBS.
WEBS has the higher dividend yield at 3.96%, compared with 0.00% for FDTX.
WEBS is categorized as Leveraged Equities, while FDTX is Technology Equities. They also come from different issuers: Direxion and Fidelity. Their fees differ too: 1.07% for WEBS and 0.50% for FDTX.
FDTX currently has the higher Sharpe Ratio (2.42 vs -0.51), 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.
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