WEBS vs. GARP
WEBS (Daily Dow Jones Internet Bear 3X Shares) and GARP (iShares MSCI USA Quality GARP ETF) are both exchange-traded funds - WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while GARP is a Large Cap Growth Equities fund tracking the MSCI USA Quality GARP Select Index. Both are passively managed. Over the past 5 years, WEBS returned -31.10%/yr vs 18.36%/yr for GARP. At a correlation of -0.84, they often move in opposite directions. WEBS charges 1.07%/yr vs 0.15%/yr for GARP.
Performance
WEBS vs. GARP - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a 3.81% return, which is significantly lower than GARP's 16.17% return.
WEBS
- 1D
- 0.85%
- 1M
- 15.73%
- YTD
- 3.81%
- 6M
- 7.21%
- 1Y
- -11.42%
- 3Y*
- -45.58%
- 5Y*
- -31.10%
- 10Y*
- —
GARP
- 1D
- -2.76%
- 1M
- 0.95%
- YTD
- 16.17%
- 6M
- 14.60%
- 1Y
- 36.49%
- 3Y*
- 30.82%
- 5Y*
- 18.36%
- 10Y*
- —
WEBS vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 3.81% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -85.20% |
GARP iShares MSCI USA Quality GARP ETF | 16.17% | 21.49% | 37.42% | 42.86% | -26.75% | 27.99% | 26.51% |
Correlation
The correlation between WEBS and GARP is -0.75, 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 | -0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020 | -0.84 |
The correlation between WEBS and GARP shifts across timeframes, from -0.85 (5 years) to -0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEBS vs. GARP — Risk / Return Rank
WEBS
GARP
WEBS vs. GARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and iShares MSCI USA Quality GARP ETF (GARP). 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.
| WEBS | GARP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.68 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.51 | 10.39 | -10.90 |
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Drawdowns
WEBS vs. GARP - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for WEBS and GARP.
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Drawdown Indicators
| WEBS | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -31.34% | -68.29% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -13.69% | -39.85% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -23.73% | -66.60% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | -30.61% | -66.48% |
Current DrawdownCurrent decline from peak | -99.50% | -4.93% | -94.57% |
Average DrawdownAverage peak-to-trough decline | -91.10% | -7.33% | -83.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.74% | 3.52% | +20.22% |
Volatility
WEBS vs. GARP - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 22.27% compared to iShares MSCI USA Quality GARP ETF (GARP) at 8.62%. This indicates that WEBS's price experiences larger fluctuations and is considered to be riskier than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBS | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.27% | 8.62% | +13.65% |
Volatility (6M)Calculated over the trailing 6-month period | 46.43% | 15.52% | +30.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.80% | 19.23% | +40.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.13% | 22.22% | +59.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.76% | 23.98% | +65.78% |
WEBS vs. GARP - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than GARP's 0.15% expense ratio.
Dividends
WEBS vs. GARP - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 3.14%, more than GARP's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 0.27% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 3.14% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
Frequently Asked Questions
WEBS and GARP have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBS has higher volatility (22.27%) compared to GARP (8.62%). In terms of maximum drawdown, WEBS dropped -99.63% vs GARP's -31.34%.
On 5-year performance, GARP leads with 18.36% vs -31.10% for WEBS. On fees, GARP is cheaper at 0.15% per year. On volatility, GARP has been the lower-risk option at 8.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GARP has performed better with a 18.36% return vs -31.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GARP is cheaper with a 0.15% expense ratio, compared with 1.07% for WEBS.
WEBS has the higher dividend yield at 3.14%, compared with 0.27% for GARP.
WEBS is categorized as Leveraged Equities, while GARP is Large Cap Growth Equities. WEBS tracks Dow Jones Internet Composite Index (300%), while GARP tracks MSCI USA Quality GARP Select Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.07% for WEBS and 0.15% for GARP.
GARP currently has the higher Sharpe Ratio (1.91 vs -0.19), 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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