WEBS vs. SGOV
WEBS (Daily Dow Jones Internet Bear 3X Shares) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - WEBS is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, WEBS returned -36.81%/yr vs 3.54%/yr for SGOV. At a 0.01 correlation, their price movements are largely independent. WEBS charges 1.07%/yr vs 0.09%/yr for SGOV.
Performance
WEBS vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a -17.52% return, which is significantly lower than SGOV's 1.52% return.
WEBS
- 1D
- -0.84%
- 1M
- -14.10%
- YTD
- -17.52%
- 6M
- -14.99%
- 1Y
- -29.15%
- 3Y*
- -49.50%
- 5Y*
- -36.81%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
WEBS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | -17.52% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -67.33% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between WEBS and SGOV is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.01 |
The correlation between WEBS and SGOV shifts across timeframes, from -0.00 (5 years) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEBS vs. SGOV — Risk / Return Rank
WEBS
SGOV
WEBS vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.79 | ||
| Sortino ratioReturn per unit of downside risk | -276.15 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 195.55 | -194.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 398.20 | -398.74 |
| Martin ratioReturn relative to average drawdown | -1.25 | 4,462.00 | -4,463.25 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | 20.28 | -20.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 14.74 | -15.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 12.49 | -13.07 |
Drawdowns
WEBS vs. SGOV - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for WEBS and SGOV.
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Drawdown Indicators
| WEBS | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -0.03% | -99.60% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -0.01% | -53.53% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -0.01% | -90.32% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | -0.03% | -97.06% |
Current DrawdownCurrent decline from peak | -99.60% | 0.00% | -99.60% |
Average DrawdownAverage peak-to-trough decline | -91.10% | -0.00% | -91.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.38% | 0.00% | +23.38% |
Volatility
WEBS vs. SGOV - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 15.71% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that WEBS's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBS | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.71% | 0.05% | +15.66% |
Volatility (6M)Calculated over the trailing 6-month period | 43.40% | 0.13% | +43.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.59% | 0.20% | +57.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.78% | 0.24% | +81.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.82% | 0.24% | +89.58% |
WEBS vs. SGOV - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
WEBS vs. SGOV - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 3.96%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 3.96% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
Frequently Asked Questions
WEBS and SGOV have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBS has higher volatility (15.71%) compared to SGOV (0.05%). In terms of maximum drawdown, WEBS dropped -99.63% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.54% vs -36.81% for WEBS. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.54% return vs -36.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 1.07% for WEBS.
WEBS has the higher dividend yield at 3.96%, compared with 3.86% for SGOV.
WEBS is categorized as Leveraged Equities, while SGOV is Ultrashort Bond. WEBS tracks Dow Jones Internet Composite Index (300%), while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.07% for WEBS and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.51), 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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