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 -30.51%/yr vs 3.58%/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 8.23% return, which is significantly higher than SGOV's 1.73% return.
WEBS
- 1D
- 4.12%
- 1M
- 20.33%
- YTD
- 8.23%
- 6M
- 12.06%
- 1Y
- -3.46%
- 3Y*
- -45.46%
- 5Y*
- -30.51%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.73%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
WEBS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 8.23% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -67.56% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.73% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between WEBS and SGOV is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.01 |
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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.
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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.38 | ||
| Sortino ratioReturn per unit of downside risk | -273.20 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 194.05 | -193.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 395.07 | -395.13 |
| Martin ratioReturn relative to average drawdown | -0.16 | 4,426.92 | -4,427.08 |
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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 | -99.48% | 0.00% | -99.48% |
Average DrawdownAverage peak-to-trough decline | -91.11% | -0.00% | -91.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.78% | 0.00% | +22.78% |
Volatility
WEBS vs. SGOV - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 22.31% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. 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 | 22.31% | 0.04% | +22.27% |
Volatility (6M)Calculated over the trailing 6-month period | 46.50% | 0.12% | +46.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.59% | 0.19% | +59.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.14% | 0.24% | +81.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.73% | 0.24% | +89.49% |
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 2.53%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.53% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
Frequently Asked Questions
WEBS and SGOV have a correlation of 0.08, 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 SGOV (0.04%). In terms of maximum drawdown, WEBS dropped -99.63% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.58% vs -30.51% for WEBS. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.04%. 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 3.58% return vs -30.51%. 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.
SGOV has the higher dividend yield at 3.85%, compared with 2.53% for WEBS.
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 (20.32 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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