WEBS vs. SPUU
WEBS (Daily Dow Jones Internet Bear 3X Shares) and SPUU (Direxion Daily S&P 500 Bull 2x Shares) are both Leveraged Equities funds from Direxion - WEBS tracks the Dow Jones Internet Composite Index (300%) while SPUU tracks the S&P 500 Index (200%). Both are passively managed. Over the past 5 years, WEBS returned -36.70%/yr vs 20.19%/yr for SPUU. At a correlation of -0.80, they often move in opposite directions. WEBS charges 1.07%/yr vs 0.64%/yr for SPUU.
Performance
WEBS vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a -16.82% return, which is significantly lower than SPUU's 19.82% return.
WEBS
- 1D
- 5.89%
- 1M
- -13.46%
- YTD
- -16.82%
- 6M
- -14.14%
- 1Y
- -30.71%
- 3Y*
- -49.47%
- 5Y*
- -36.70%
- 10Y*
- —
SPUU
- 1D
- -1.27%
- 1M
- 10.01%
- YTD
- 19.82%
- 6M
- 19.11%
- 1Y
- 53.61%
- 3Y*
- 38.21%
- 5Y*
- 20.19%
- 10Y*
- 24.77%
WEBS vs. SPUU - 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% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 19.82% | 26.55% | 44.25% | 47.28% | -38.72% | 61.27% | 21.85% | 9.86% |
Correlation
The correlation between WEBS and SPUU is -0.71, 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 | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.80 |
The correlation between WEBS and SPUU has been stable across timeframes, ranging from -0.81 to -0.71 - a consistent structural relationship.
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Return for Risk
WEBS vs. SPUU — Risk / Return Rank
WEBS
SPUU
WEBS vs. SPUU - 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 S&P 500 Bull 2x Shares (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | 2.26 | -2.79 |
Sortino ratioReturn per unit of downside risk | -0.52 | 2.87 | -3.39 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.38 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.96 | -3.54 |
Martin ratioReturn relative to average drawdown | -1.33 | 13.06 | -14.39 |
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 | SPUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 2.26 | -2.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.61 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.63 | -1.22 |
Drawdowns
WEBS vs. SPUU - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for WEBS and SPUU.
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Drawdown Indicators
| WEBS | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -59.35% | -40.28% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -18.19% | -35.35% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -35.18% | -55.15% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | -46.59% | -50.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -99.60% | -1.27% | -98.33% |
Average DrawdownAverage peak-to-trough decline | -91.09% | -9.51% | -81.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.19% | 4.12% | +19.07% |
Volatility
WEBS vs. SPUU - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 15.72% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 5.71%. This indicates that WEBS's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBS | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.72% | 5.71% | +10.01% |
Volatility (6M)Calculated over the trailing 6-month period | 43.46% | 18.09% | +25.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.60% | 23.90% | +33.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.81% | 33.46% | +48.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.84% | 35.77% | +54.07% |
WEBS vs. SPUU - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Dividends
WEBS vs. SPUU - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 3.92%, more than SPUU's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.34% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
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 SPUU have a correlation of -0.71, 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 SPUU (5.71%). In terms of maximum drawdown, WEBS dropped -99.63% vs SPUU's -59.35%.
On 5-year performance, SPUU leads with 20.19% vs -36.70% for WEBS. On fees, SPUU is cheaper at 0.64% per year. On volatility, SPUU has been the lower-risk option at 5.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPUU has performed better with a 20.19% return vs -36.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPUU is cheaper with a 0.64% expense ratio, compared with 1.07% for WEBS.
WEBS has the higher dividend yield at 3.92%, compared with 1.34% for SPUU.
WEBS tracks Dow Jones Internet Composite Index (300%), while SPUU tracks S&P 500 Index (200%). Their fees differ too: 1.07% for WEBS and 0.64% for SPUU.
SPUU currently has the higher Sharpe Ratio (2.26 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.
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