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.
Correlation
The correlation between WEBS and TQQQ is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WEBS vs. TQQQ - Performance Comparison
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Key characteristics
WEBS:
-0.74
TQQQ:
0.17
WEBS:
-1.08
TQQQ:
0.89
WEBS:
0.87
TQQQ:
1.12
WEBS:
-0.60
TQQQ:
0.35
WEBS:
-1.31
TQQQ:
0.91
WEBS:
45.40%
TQQQ:
22.05%
WEBS:
77.53%
TQQQ:
75.62%
WEBS:
-99.44%
TQQQ:
-81.66%
WEBS:
-99.44%
TQQQ:
-23.87%
Returns By Period
In the year-to-date period, WEBS achieves a -26.67% return, which is significantly lower than TQQQ's -10.54% return.
WEBS
-26.67%
-38.16%
-33.59%
-57.29%
-51.26%
N/A
TQQQ
-10.54%
41.76%
-11.29%
12.69%
32.25%
31.45%
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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 Rank
WEBS
TQQQ
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.
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Dividends
WEBS vs. TQQQ - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 8.75%, more than TQQQ's 1.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 8.75% | 8.01% | 8.52% | 0.20% | 0.00% | 1.13% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.40% | 1.27% | 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 -99.44%, 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.
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Volatility
WEBS vs. TQQQ - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 24.62% compared to ProShares UltraPro QQQ (TQQQ) at 22.30%. 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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