WEBS vs. TQQQ
Compare and contrast key facts about Daily Dow Jones Internet Bear 3X Shares (WEBS) and ProShares UltraPro QQQ (TQQQ).
WEBS and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both WEBS and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBS or TQQQ.
Key characteristics
| WEBS | TQQQ | |
|---|---|---|
| YTD Return | -51.45% | 64.96% |
| 1Y Return | -70.80% | 119.79% |
| 3Y Return (Ann) | -32.34% | 0.92% |
| 5Y Return (Ann) | -55.82% | 36.02% |
| Sharpe Ratio | -1.22 | 2.20 |
| Sortino Ratio | -2.44 | 2.54 |
| Omega Ratio | 0.74 | 1.34 |
| Calmar Ratio | -0.70 | 2.04 |
| Martin Ratio | -1.36 | 9.24 |
| Ulcer Index | 51.04% | 12.40% |
| Daily Std Dev | 56.75% | 52.07% |
| Max Drawdown | -99.13% | -81.66% |
| Current Drawdown | -99.11% | -3.47% |
Correlation
The correlation between WEBS and TQQQ is -0.89. 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.
Performance
WEBS vs. TQQQ - Performance Comparison
In the year-to-date period, WEBS achieves a -51.45% return, which is significantly lower than TQQQ's 64.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WEBS vs. TQQQ - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
WEBS vs. TQQQ - Risk-Adjusted Performance 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.
Dividends
WEBS vs. TQQQ - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.55%, more than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.55% | 5.01% | 0.02% | 0.00% | 1.13% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
WEBS vs. TQQQ - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.13%, 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. For additional features, visit the drawdowns tool.
Volatility
WEBS vs. TQQQ - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 14.20%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. 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.