WEBS vs. SOXL
WEBS (Daily Dow Jones Internet Bear 3X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds from Direxion - WEBS tracks the Dow Jones Internet Composite Index (300%) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past 5 years, WEBS returned -30.51%/yr vs 44.97%/yr for SOXL. At a correlation of -0.68, they often move in opposite directions. WEBS charges 1.07%/yr vs 0.75%/yr for SOXL.
Performance
WEBS vs. SOXL - 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 SOXL's 501.02% return.
WEBS
- 1D
- 4.12%
- 1M
- 20.33%
- YTD
- 8.23%
- 6M
- 12.06%
- 1Y
- -3.46%
- 3Y*
- -45.46%
- 5Y*
- -30.51%
- 10Y*
- —
SOXL
- 1D
- 10.04%
- 1M
- 11.88%
- YTD
- 501.02%
- 6M
- 471.39%
- 1Y
- 928.01%
- 3Y*
- 126.70%
- 5Y*
- 44.97%
- 10Y*
- 68.12%
WEBS vs. SOXL - 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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 501.02% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 23.92% |
Correlation
The correlation between WEBS and SOXL is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.68 |
Over the past year, the inverse relationship between WEBS and SOXL has weakened: their correlation has moved from -0.68 to -0.38, meaning they move in opposite directions less often than they have historically.
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Return for Risk
WEBS vs. SOXL — Risk / Return Rank
WEBS
SOXL
WEBS vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.09 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.57 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 21.57 | -21.63 |
| Martin ratioReturn relative to average drawdown | -0.16 | 68.63 | -68.79 |
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Drawdowns
WEBS vs. SOXL - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for WEBS and SOXL.
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Drawdown Indicators
| WEBS | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -90.46% | -9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -43.47% | -10.07% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -87.88% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | -90.46% | -6.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -99.48% | -16.01% | -83.47% |
Average DrawdownAverage peak-to-trough decline | -91.11% | -34.94% | -56.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.78% | 13.64% | +9.14% |
Volatility
WEBS vs. SOXL - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 22.31%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 66.73%. This indicates that WEBS experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBS | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.31% | 66.73% | -44.42% |
Volatility (6M)Calculated over the trailing 6-month period | 46.50% | 99.97% | -53.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.59% | 116.70% | -57.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.14% | 110.41% | -28.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.73% | 100.63% | -10.90% |
WEBS vs. SOXL - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
WEBS vs. SOXL - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.53%, while SOXL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.00% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
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% |
Frequently Asked Questions
WEBS and SOXL have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (66.73%) compared to WEBS (22.31%). In terms of maximum drawdown, WEBS dropped -99.63% vs SOXL's -90.46%.
On 5-year performance, SOXL leads with 44.97% vs -30.51% for WEBS. On fees, SOXL is cheaper at 0.75% per year. On volatility, WEBS has been the lower-risk option at 22.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SOXL has performed better with a 44.97% return vs -30.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.07% for WEBS.
WEBS has the higher dividend yield at 2.53%, compared with 0.00% for SOXL.
WEBS tracks Dow Jones Internet Composite Index (300%), while SOXL tracks ICE Semiconductor Index. Their fees differ too: 1.07% for WEBS and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (8.03 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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