WEBS vs. HIBS
Compare and contrast key facts about Daily Dow Jones Internet Bear 3X Shares (WEBS) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS).
WEBS and HIBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HIBS is a passively managed fund by Direxion that tracks the performance of the S&P 500® High Beta Index. It was launched on Nov 7, 2019. Both WEBS and HIBS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WEBS vs. HIBS - Performance Comparison
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WEBS vs. HIBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 36.44% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -87.18% | -13.16% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -7.20% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -19.45% |
Returns By Period
In the year-to-date period, WEBS achieves a 36.44% return, which is significantly higher than HIBS's -7.20% return.
WEBS
- 1D
- -3.45%
- 1M
- 2.05%
- YTD
- 36.44%
- 6M
- 51.10%
- 1Y
- -31.57%
- 3Y*
- -45.48%
- 5Y*
- -31.60%
- 10Y*
- —
HIBS
- 1D
- 1.36%
- 1M
- 4.40%
- YTD
- -7.20%
- 6M
- -22.23%
- 1Y
- -79.55%
- 3Y*
- -52.88%
- 5Y*
- -48.67%
- 10Y*
- —
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WEBS vs. HIBS - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than HIBS's 1.06% expense ratio.
Return for Risk
WEBS vs. HIBS — Risk / Return Rank
WEBS
HIBS
WEBS vs. HIBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS). 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 | HIBS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.43 | -0.88 | +0.45 |
Sortino ratioReturn per unit of downside risk | -0.19 | -1.68 | +1.49 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.78 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.91 | +0.42 |
Martin ratioReturn relative to average drawdown | -0.57 | -1.03 | +0.46 |
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 | HIBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | -0.88 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.59 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | -0.69 | +0.14 |
Correlation
The correlation between WEBS and HIBS is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WEBS vs. HIBS - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.39%, less than HIBS's 5.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.39% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 5.10% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% |
Drawdowns
WEBS vs. HIBS - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.60%, roughly equal to the maximum HIBS drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for WEBS and HIBS.
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Drawdown Indicators
| WEBS | HIBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.60% | -99.96% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -69.97% | -88.93% | +18.96% |
Max Drawdown (5Y)Largest decline over 5 years | -96.80% | -97.19% | +0.39% |
Current DrawdownCurrent decline from peak | -99.34% | -99.96% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -90.87% | -92.96% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.09% | 78.27% | -19.18% |
Volatility
WEBS vs. HIBS - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 22.21%, while Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a volatility of 27.17%. This indicates that WEBS experiences smaller price fluctuations and is considered to be less risky than HIBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBS | HIBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 27.17% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 44.63% | 54.07% | -9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.47% | 90.44% | -16.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.86% | 82.08% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.55% | 95.34% | -4.79% |