WEBS vs. TQQQ
WEBS (Daily Dow Jones Internet Bear 3X Shares) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds - WEBS tracks the Dow Jones Internet Composite Index (300%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, WEBS returned -31.07%/yr vs 21.17%/yr for TQQQ. At a correlation of -0.87, they often move in opposite directions. WEBS charges 1.07%/yr vs 0.95%/yr for TQQQ.
Performance
WEBS vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a 3.95% return, which is significantly lower than TQQQ's 39.27% return.
WEBS
- 1D
- -0.38%
- 1M
- 15.89%
- YTD
- 3.95%
- 6M
- 7.64%
- 1Y
- -6.09%
- 3Y*
- -45.56%
- 5Y*
- -31.07%
- 10Y*
- —
TQQQ
- 1D
- -1.53%
- 1M
- -5.83%
- YTD
- 39.27%
- 6M
- 32.62%
- 1Y
- 89.02%
- 3Y*
- 57.21%
- 5Y*
- 21.17%
- 10Y*
- 45.25%
WEBS vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 3.95% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -87.18% | -10.90% |
TQQQ ProShares UltraPro QQQ | 39.27% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 20.14% |
Correlation
The correlation between WEBS and TQQQ is -0.73, 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 | -0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.87 |
The correlation between WEBS and TQQQ shifts across timeframes, from -0.87 (all time) to -0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WEBS vs. TQQQ — Risk / Return Rank
WEBS
TQQQ
WEBS vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.42 | -2.54 |
| Martin ratioReturn relative to average drawdown | -0.27 | 7.68 | -7.95 |
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Drawdowns
WEBS vs. TQQQ - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for WEBS and TQQQ.
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Drawdown Indicators
| WEBS | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -81.66% | -17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -36.97% | -16.57% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -58.04% | -32.29% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | -81.66% | -15.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -99.50% | -15.96% | -83.54% |
Average DrawdownAverage peak-to-trough decline | -91.11% | -18.49% | -72.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.69% | 11.64% | +11.05% |
Volatility
WEBS vs. TQQQ - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 22.07%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 27.27%. This indicates that WEBS experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBS | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.07% | 27.27% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 46.34% | 43.24% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.71% | 53.35% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.12% | 67.41% | +14.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.74% | 66.31% | +23.43% |
WEBS vs. TQQQ - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Dividends
WEBS vs. TQQQ - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.64%, more than TQQQ's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.43% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.64% | 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 TQQQ have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (27.27%) compared to WEBS (22.07%). In terms of maximum drawdown, WEBS dropped -99.63% vs TQQQ's -81.66%.
On 5-year performance, TQQQ leads with 21.17% vs -31.07% for WEBS. On fees, TQQQ is cheaper at 0.95% per year. On volatility, WEBS has been the lower-risk option at 22.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TQQQ has performed better with a 21.17% return vs -31.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TQQQ is cheaper with a 0.95% expense ratio, compared with 1.07% for WEBS.
WEBS has the higher dividend yield at 2.64%, compared with 0.43% for TQQQ.
WEBS tracks Dow Jones Internet Composite Index (300%), while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.07% for WEBS and 0.95% for TQQQ.
TQQQ currently has the higher Sharpe Ratio (1.68 vs -0.10), 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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