WEBS vs. TERG

Last updated Apr 2, 2026

Compare and contrast key facts about Daily Dow Jones Internet Bear 3X Shares (WEBS) and Leverage Shares 2X Long TER Daily ETF (TERG).

WEBS and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEBS is a passively managed fund by Direxion that tracks the performance of the Dow Jones Internet Composite Index (300%). It was launched on Nov 7, 2019. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

WEBS vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bear 3X Shares (WEBS) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

WEBS vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
WEBS Daily Dow Jones Internet Bear 3X Shares	41.32%	-3.39%
TERG Leverage Shares 2X Long TER Daily ETF	124.98%	28.17%

Returns By Period

In the year-to-date period, WEBS achieves a 41.32% return, which is significantly lower than TERG's 124.98% return.

WEBS

• 1D: -2.84%
• 1M: 6.01%
• YTD: 41.32%
• 6M: 53.99%
• 1Y: -31.47%
• 3Y*: -44.49%
• 5Y*: -31.12%
• 10Y*: —

TERG

• 1D: 10.94%
• 1M: -13.61%
• YTD: 124.98%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEBS vs. TERG - Expense Ratio Comparison

WEBS has a 1.07% expense ratio, which is higher than TERG's 0.75% expense ratio.

WEBS

Daily Dow Jones Internet Bear 3X Shares

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

WEBS vs. TERG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEBS

WEBS Risk / Return Rank: 6
WEBS Sharpe Ratio Rank: 5
WEBS Sortino Ratio Rank: 7
WEBS Omega Ratio Rank: 7
WEBS Calmar Ratio Rank: 5
WEBS Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEBS vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and Leverage Shares 2X Long TER Daily ETF (TERG). 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	TERG	Difference
Sharpe ratio Return per unit of total volatility	-0.43	—	—
Sortino ratio Return per unit of downside risk	-0.19	—	—
Omega ratio Gain probability vs. loss probability	0.98	—	—
Calmar ratio Return relative to maximum drawdown	-0.48	—	—
Martin ratio Return relative to average drawdown	-0.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WEBS	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	13.84	-14.38

Correlation

The correlation between WEBS and TERG is -0.45. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

WEBS vs. TERG - Dividend Comparison

WEBS's dividend yield for the trailing twelve months is around 2.31%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
WEBS Daily Dow Jones Internet Bear 3X Shares	2.31%	3.77%	8.02%	8.51%	0.20%	0.00%	1.11%	0.11%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

WEBS vs. TERG - Drawdown Comparison

The maximum WEBS drawdown since its inception was -99.60%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for WEBS and TERG.

Drawdown Indicators

	WEBS	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-99.60%	-39.32%	-60.28%
Max Drawdown (1Y) Largest decline over 1 year	-69.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-96.80%	—	—
Current Drawdown Current decline from peak	-99.31%	-22.98%	-76.33%
Average Drawdown Average peak-to-trough decline	-90.87%	-9.92%	-80.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.01%	—	—

Volatility

Volatility by Period

	WEBS	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	44.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	73.45%	124.92%	-51.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.88%	124.92%	-43.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.57%	124.92%	-34.35%