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 -34.67%/yr vs 16.02%/yr for TQQQ. Their -0.86 correlation means they have often moved in opposite directions in the past. 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 -21.74% return, which is significantly lower than TQQQ's 29.42% return.
WEBS
- 1D
- -8.59%
- 1M
- -17.07%
- 6M
- -27.46%
- YTD
- -21.74%
- 1Y
- -26.52%
- 3Y*
- -47.88%
- 5Y*
- -34.67%
- 10Y*
- —
- ALL TIME*
- -51.78%
TQQQ
- 1D
- 5.17%
- 1M
- -7.35%
- 6M
- 23.83%
- YTD
- 29.42%
- 1Y
- 64.98%
- 3Y*
- 50.64%
- 5Y*
- 16.02%
- 10Y*
- 39.51%
- ALL TIME*
- 42.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.46B | $4.47B | $5.36B | |
| $948.42K | $888.90K | $1.31M |
WEBS vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | -21.74% | -40.66% | -56.62% | -75.58% | 117.15% | -39.82% | -87.18% | -10.90% |
TQQQ ProShares UltraPro QQQ | 29.42% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 20.14% |
Correlation
The correlation between WEBS and TQQQ is -0.68, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.68 |
Correlation (3Y) Balances recent behavior with more history. | -0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.86 |
The correlation between WEBS and TQQQ shifts across timeframes, from -0.86 (all time) to -0.68 (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 | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.21 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.77 | -2.26 |
| Martin ratioReturn relative to average drawdown | -1.04 | 4.90 | -5.94 |
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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 | -99.62% | -21.90% | -77.72% |
Average DrawdownAverage peak-to-trough decline | -91.24% | -18.50% | -72.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.84% | 13.31% | +12.53% |
Volatility
WEBS vs. TQQQ - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 19.51%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.63%. 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 | 19.51% | 20.63% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 49.12% | 47.88% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.55% | 57.57% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.43% | 68.10% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.42% | 66.61% | +22.81% |
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 3.50%, more than TQQQ's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.56% | 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 | 3.50% | 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 -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (20.63%) compared to WEBS (19.51%). In terms of maximum drawdown, WEBS dropped -99.63% vs TQQQ's -81.66%.
On 5-year performance, TQQQ leads with 16.02% vs -34.67% for WEBS. On fees, TQQQ is cheaper at 0.95% per year. On volatility, WEBS has been the lower-risk option at 19.51%. 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 16.02% return vs -34.67%. 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 3.50%, compared with 0.56% 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 (1.14 vs -0.43), 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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