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 -36.70%/yr vs 28.37%/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 -16.82% return, which is significantly lower than TQQQ's 64.46% return.
WEBS
- 1D
- 5.89%
- 1M
- -13.46%
- YTD
- -16.82%
- 6M
- -14.14%
- 1Y
- -30.71%
- 3Y*
- -49.47%
- 5Y*
- -36.70%
- 10Y*
- —
TQQQ
- 1D
- -0.76%
- 1M
- 33.35%
- YTD
- 64.46%
- 6M
- 55.93%
- 1Y
- 137.89%
- 3Y*
- 69.49%
- 5Y*
- 28.37%
- 10Y*
- 45.33%
WEBS vs. TQQQ - 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% |
TQQQ ProShares UltraPro QQQ | 64.46% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 18.93% |
Correlation
The correlation between WEBS and TQQQ is -0.74, 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 | -0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.87 |
The correlation between WEBS and TQQQ shifts across timeframes, from -0.87 (all time) to -0.74 (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.
| WEBS | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.40 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.75 | -4.33 |
| Martin ratioReturn relative to average drawdown | -1.33 | 12.27 | -13.60 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 2.92 | -3.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.43 | -0.88 |
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 | 0.74 | -1.32 |
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 | -99.60% | -0.76% | -98.84% |
Average DrawdownAverage peak-to-trough decline | -91.09% | -18.52% | -72.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.19% | 11.28% | +11.91% |
Volatility
WEBS vs. TQQQ - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 15.72% compared to ProShares UltraPro QQQ (TQQQ) at 13.29%. This indicates that WEBS's price experiences larger fluctuations and is considered to be riskier 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 | 15.72% | 13.29% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 43.46% | 36.04% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.60% | 47.60% | +10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.81% | 66.53% | +15.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.84% | 65.96% | +23.88% |
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 3.92%, more than TQQQ's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.36% | 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 | 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 TQQQ have a correlation of -0.74, 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 TQQQ (13.29%). In terms of maximum drawdown, WEBS dropped -99.63% vs TQQQ's -81.66%.
On 5-year performance, TQQQ leads with 28.37% vs -36.70% for WEBS. On fees, TQQQ is cheaper at 0.95% per year. On volatility, TQQQ has been the lower-risk option at 13.29%. 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 28.37% return vs -36.70%. 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 3.92%, compared with 0.36% 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 (2.92 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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