WEBS vs. HIBS

Last updated Jun 3, 2026

WEBS (Daily Dow Jones Internet Bear 3X Shares) and HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) are both exchange-traded funds - WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index. Both are passively managed. Over the past 5 years, WEBS returned -38.11%/yr vs -53.79%/yr for HIBS. A 0.69 correlation means they provide meaningful diversification when combined. WEBS charges 1.07%/yr vs 1.06%/yr for HIBS.

Performance

WEBS vs. HIBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bear 3X Shares (WEBS) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEBS achieves a -21.45% return, which is significantly higher than HIBS's -60.48% return.

WEBS

• 1D: 4.02%
• 1M: -19.57%
• YTD: -21.45%
• 6M: -18.76%
• 1Y: -35.37%
• 3Y*: -50.43%
• 5Y*: -38.11%
• 10Y*: —

HIBS

• 1D: -5.60%
• 1M: -32.77%
• YTD: -60.48%
• 6M: -63.58%
• 1Y: -83.87%
• 3Y*: -63.29%
• 5Y*: -53.79%
• 10Y*: —

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

WEBS vs. HIBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WEBS Daily Dow Jones Internet Bear 3X Shares	-21.45%	-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	-60.48%	-72.44%	-26.60%	-62.94%	-7.59%	-75.27%	-91.59%	-19.45%

Correlation

The correlation between WEBS and HIBS is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019	0.69

The correlation between WEBS and HIBS shifts across timeframes, from 0.61 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WEBS vs. HIBS — Risk / Return Rank

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

WEBS

WEBS Risk / Return Rank: 3
WEBS Sharpe Ratio Rank: 4
WEBS Sortino Ratio Rank: 4
WEBS Omega Ratio Rank: 4
WEBS Calmar Ratio Rank: 3
WEBS Martin Ratio Rank: 1

HIBS

HIBS Risk / Return Rank: 0
HIBS Sharpe Ratio Rank: 1
HIBS Sortino Ratio Rank: 0
HIBS Omega Ratio Rank: 0
HIBS Calmar Ratio Rank: 0
HIBS Martin Ratio Rank: 1

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.

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 ratio Return per unit of total volatility	-0.62	-1.24	+0.62
Sortino ratio Return per unit of downside risk	-0.70	-3.08	+2.38
Omega ratio Gain probability vs. loss probability	0.92	0.68	+0.24
Calmar ratio Return relative to maximum drawdown	-0.69	-1.01	+0.32
Martin ratio Return relative to average drawdown	-1.60	-1.51	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEBS vs. HIBS - Sharpe Ratio Comparison

The current WEBS Sharpe Ratio is -0.62, which is higher than the HIBS Sharpe Ratio of -1.24. The chart below compares the historical Sharpe Ratios of WEBS and HIBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WEBS	HIBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	-1.24	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	-0.65	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	-0.73	+0.14

Drawdowns

WEBS vs. HIBS - Drawdown Comparison

The maximum WEBS drawdown since its inception was -99.63%, roughly equal to the maximum HIBS drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for WEBS and HIBS.

Drawdown Indicators

	WEBS	HIBS	Difference
Max Drawdown Largest peak-to-trough decline	-99.63%	-99.98%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	-53.54%	-83.13%	+29.59%
Max Drawdown (3Y) Largest decline over 3 years	-90.33%	-96.48%	+6.15%
Max Drawdown (5Y) Largest decline over 5 years	-97.09%	-98.52%	+1.43%
Current Drawdown Current decline from peak	-99.62%	-99.98%	+0.36%
Average Drawdown Average peak-to-trough decline	-91.09%	-93.13%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.08%	55.90%	-32.82%

Volatility

WEBS vs. HIBS - Volatility Comparison

The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 14.22%, while Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a volatility of 21.89%. 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.

Volatility by Period

	WEBS	HIBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.22%	21.89%	-7.67%
Volatility (6M) Calculated over the trailing 6-month period	43.06%	52.77%	-9.71%
Volatility (1Y) Calculated over the trailing 1-year period	57.33%	67.61%	-10.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.78%	82.47%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.84%	94.83%	-4.99%

WEBS vs. HIBS - Expense Ratio Comparison

WEBS has a 1.07% expense ratio, which is higher than HIBS's 1.06% expense ratio.

Dividends

WEBS vs. HIBS - Dividend Comparison

WEBS's dividend yield for the trailing twelve months is around 4.16%, less than HIBS's 11.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares	11.98%	8.42%	5.34%	6.49%	0.04%	0.00%	0.92%	0.13%
WEBS Daily Dow Jones Internet Bear 3X Shares	4.16%	3.77%	8.02%	8.51%	0.20%	0.00%	1.11%	0.11%

Frequently Asked Questions

Can I hold both WEBS and HIBS in my portfolio?

WEBS and HIBS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEBS or HIBS?

HIBS has higher volatility (21.89%) compared to WEBS (14.22%). In terms of maximum drawdown, WEBS dropped -99.63% vs HIBS's -99.98%.

Which ETF is better, WEBS or HIBS?

On 5-year performance, WEBS leads with -38.11% vs -53.79% for HIBS. On fees, HIBS is cheaper at 1.06% per year. On volatility, WEBS has been the lower-risk option at 14.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBS or HIBS?

Over the 5-year period, WEBS has performed better with a -38.11% return vs -53.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBS or HIBS?

HIBS is cheaper with a 1.06% expense ratio, compared with 1.07% for WEBS.

Which ETF pays a higher dividend yield, WEBS or HIBS?

HIBS has the higher dividend yield at 11.98%, compared with 4.16% for WEBS.

What is the main difference between WEBS and HIBS?

WEBS is categorized as Leveraged Equities, while HIBS is Inverse Equities. WEBS tracks Dow Jones Internet Composite Index (300%), while HIBS tracks S&P 500® High Beta Index. Their fees differ too: 1.07% for WEBS and 1.06% for HIBS.

Which has better risk-adjusted returns?

WEBS currently has the higher Sharpe Ratio (-0.62 vs -1.24), 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.