WEBS vs. WEBL
Compare and contrast key facts about Daily Dow Jones Internet Bear 3X Shares (WEBS) and Daily Dow Jones Internet Bull 3X Shares (WEBL).
WEBS and WEBL 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. WEBL 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. Both WEBS and WEBL 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 WEBL.
Key characteristics
| WEBS | WEBL | |
|---|---|---|
| YTD Return | -51.45% | 61.21% |
| 1Y Return | -70.80% | 156.45% |
| 3Y Return (Ann) | -32.34% | -34.80% |
| 5Y Return (Ann) | -55.82% | 0.51% |
| Sharpe Ratio | -1.22 | 2.62 |
| Sortino Ratio | -2.44 | 2.79 |
| Omega Ratio | 0.74 | 1.38 |
| Calmar Ratio | -0.70 | 1.62 |
| Martin Ratio | -1.36 | 12.30 |
| Ulcer Index | 51.04% | 11.82% |
| Daily Std Dev | 56.75% | 55.43% |
| Max Drawdown | -99.13% | -94.44% |
| Current Drawdown | -99.11% | -73.78% |
Correlation
The correlation between WEBS and WEBL is -0.99. 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. WEBL - Performance Comparison
In the year-to-date period, WEBS achieves a -51.45% return, which is significantly lower than WEBL's 61.21% 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. WEBL - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is lower than WEBL's 1.17% expense ratio.
Risk-Adjusted Performance
WEBS vs. WEBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) and Daily Dow Jones Internet Bull 3X Shares (WEBL). 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. WEBL - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.55%, while WEBL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.55% | 5.01% | 0.02% | 0.00% | 1.13% | 0.01% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Drawdowns
WEBS vs. WEBL - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.13%, roughly equal to the maximum WEBL drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for WEBS and WEBL. For additional features, visit the drawdowns tool.
Volatility
WEBS vs. WEBL - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) and Daily Dow Jones Internet Bull 3X Shares (WEBL) have volatilities of 14.20% and 13.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.