WEBS vs. QQQE
WEBS (Daily Dow Jones Internet Bear 3X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 5 years, WEBS returned -36.70%/yr vs 10.30%/yr for QQQE. At a correlation of -0.87, they often move in opposite directions. WEBS charges 1.07%/yr vs 0.35%/yr for QQQE.
Performance
WEBS vs. QQQE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WEBS achieves a -16.82% return, which is significantly lower than QQQE's 19.12% return.
WEBS
- 1D
- 5.89%
- 1M
- -13.46%
- YTD
- -16.82%
- 6M
- -14.14%
- 1Y
- -30.71%
- 3Y*
- -49.47%
- 5Y*
- -36.70%
- 10Y*
- —
QQQE
- 1D
- -0.10%
- 1M
- 10.46%
- YTD
- 19.12%
- 6M
- 17.48%
- 1Y
- 28.68%
- 3Y*
- 18.69%
- 5Y*
- 10.30%
- 10Y*
- 15.49%
WEBS vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | -16.82% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -87.18% | -13.16% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 19.12% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 5.62% |
Correlation
The correlation between WEBS and QQQE is -0.73, 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 | -0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.87 |
The correlation between WEBS and QQQE shifts across timeframes, from -0.87 (all time) to -0.73 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WEBS vs. QQQE — Risk / Return Rank
WEBS
QQQE
WEBS vs. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.35 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.06 | -3.64 |
| Martin ratioReturn relative to average drawdown | -1.33 | 10.57 | -11.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WEBS | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 2.04 | -2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.51 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.76 | -1.35 |
Drawdowns
WEBS vs. QQQE - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for WEBS and QQQE.
Loading charts...
Drawdown Indicators
| WEBS | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -32.14% | -67.49% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -9.41% | -44.13% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -21.38% | -68.95% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | -32.14% | -64.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -99.60% | -0.10% | -99.50% |
Average DrawdownAverage peak-to-trough decline | -91.09% | -5.17% | -85.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.19% | 2.72% | +20.47% |
Volatility
WEBS vs. QQQE - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 15.72% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.79%. This indicates that WEBS's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WEBS | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.72% | 3.79% | +11.93% |
Volatility (6M)Calculated over the trailing 6-month period | 43.46% | 10.64% | +32.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.60% | 14.15% | +43.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.81% | 20.30% | +61.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.84% | 20.72% | +69.12% |
WEBS vs. QQQE - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
WEBS vs. QQQE - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 3.92%, more than QQQE's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.52% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 3.92% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEBS and QQQE have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBS has higher volatility (15.72%) compared to QQQE (3.79%). In terms of maximum drawdown, WEBS dropped -99.63% vs QQQE's -32.14%.
On 5-year performance, QQQE leads with 10.30% vs -36.70% for WEBS. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQE has performed better with a 10.30% return vs -36.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.07% for WEBS.
WEBS has the higher dividend yield at 3.92%, compared with 0.52% for QQQE.
WEBS is categorized as Leveraged Equities, while QQQE is Nasdaq-100. WEBS tracks Dow Jones Internet Composite Index (300%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.07% for WEBS and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (2.04 vs -0.54), 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.
Find the right allocation for WEBS and QQQE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer