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 -30.51%/yr vs 9.20%/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
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Returns By Period
In the year-to-date period, WEBS achieves a 8.23% return, which is significantly lower than QQQE's 17.16% return.
WEBS
- 1D
- 4.12%
- 1M
- 20.33%
- YTD
- 8.23%
- 6M
- 12.06%
- 1Y
- -3.46%
- 3Y*
- -45.46%
- 5Y*
- -30.51%
- 10Y*
- —
QQQE
- 1D
- 0.68%
- 1M
- 1.10%
- YTD
- 17.16%
- 6M
- 15.52%
- 1Y
- 24.45%
- 3Y*
- 17.83%
- 5Y*
- 9.20%
- 10Y*
- 16.24%
WEBS vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 8.23% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -87.18% | -10.90% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 17.16% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 5.70% |
Correlation
The correlation between WEBS and QQQE is -0.72, 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 | -0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.87 |
The correlation between WEBS and QQQE shifts across timeframes, from -0.87 (all time) to -0.72 (1 year), reflecting how their relationship changes across market environments.
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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.
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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.61 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.16 | 8.73 | -8.89 |
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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.
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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 | -99.48% | -2.48% | -97.00% |
Average DrawdownAverage peak-to-trough decline | -91.11% | -5.15% | -85.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.78% | 2.81% | +19.97% |
Volatility
WEBS vs. QQQE - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 22.31% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 7.91%. 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.
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Volatility by Period
| WEBS | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.31% | 7.91% | +14.40% |
Volatility (6M)Calculated over the trailing 6-month period | 46.50% | 12.70% | +33.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.59% | 15.57% | +44.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.14% | 20.54% | +61.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.73% | 20.79% | +68.94% |
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 2.53%, more than QQQE's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.57% | 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 | 2.53% | 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 -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBS has higher volatility (22.31%) compared to QQQE (7.91%). In terms of maximum drawdown, WEBS dropped -99.63% vs QQQE's -32.14%.
On 5-year performance, QQQE leads with 9.20% vs -30.51% for WEBS. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 7.91%. 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 9.20% return vs -30.51%. 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 2.53%, compared with 0.57% 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 (1.58 vs -0.06), 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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