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ETFs

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBL
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 7, 2019
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$10,870,563
AUM
$133,884,058
Associated Index
Dow Jones Internet Composite Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
GOLDMAN FINL SQ TRSRY INST 506
4.21%
AMZN
Amazon.com Inc.
2.58%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.14%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.53%
CSCO
Cisco Systems, Inc.
1.42%
CRM
Salesforce Inc
1.36%
GOOG
Alphabet Inc - Ordinary Shares - Class C
1.31%
NFLX
Netflix Inc.
1.2%
—
DREYFUS GOVT CASH MAN INS
1.11%
PYPL
PayPal Holdings Inc
0.91%
Invest with WEBL
Trade WEBL Options

What is WEBL?

The Daily Dow Jones Internet Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Dow Jones Internet Composite Index. The Dow Jones Internet Composite Index (DJINETT) is provided by S&P Dow Jones Indices and includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the Index Provider. Additionally, each stock must have a minimum of three months trading history and a three month average market capitalization of at least $100 million. The Index consists of 40 stocks that are included in two different sectors, internet commerce and internet services.

1M
3M
6M
YTD
1Y
3Y
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WEBL
Performance Measures**

for the time period Nov 7, 2019 to Dec 5, 2025

Returns

1M Trailing Return: -5.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -12.7%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -94.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 84.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.47

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.04

The annualized return divided by the max drawdown for the selected time period.

ETFs related toWEBL

ETFs correlated to WEBL include FDN, PNQI, SKYY

WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
TIME
Capitol Series Trust - Clockwise Core Equity & Innovation ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toWEBL

WAM Collection Live

Category

Mean reversion, leveraged ETFs, RSI regime filter, tactical allocation, daily rebalancing, long/short

OOS Cumulative Return

223.63%

WAM Collection

Category

Daily tactical rotation, mean reversion, RSI-based, leveraged ETFs, risk-on/risk-off, contrarian, multi-asset, high volatility

OOS Cumulative Return

223.63%

Create your own algorithmic trading strategy with WEBL using Composer

FAQ

WEBL is a US Equities ETF. The Daily Dow Jones Internet Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Dow Jones Internet Composite Index. The Dow Jones Internet Composite Index (DJINETT) is provided by S&P Dow Jones Indices and includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the Index Provider. Additionally, each stock must have a minimum of three months trading history and a three month average market capitalization of at least $100 million. The Index consists of 40 stocks that are included in two different sectors, internet commerce and internet services.

WEBL tracks the Dow Jones Internet Composite Index.

No, WEBL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, WEBL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on WEBL is -0.0326%. This is the percent change in the value of WEBL over the most recent 1-month period. The 3-month return on WEBL is -0.027%. This is the percent change in the value of WEBL over the most recent 3-month period.

The standard deviation of WEBL for the past year is 0.8706%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to WEBL include SSO, SPXL, and SDS.

ETFs correlated to WEBL include FDN, PNQI, and SKYY.

ETFs that are inversely correlated to WEBL include WEBS, SQQQ, and QID.

Yes, WEBL is a Leveraged (3x) ETF: This means that WEBL will try to match the performance of Dow Jones Internet Composite Index, but with 3x the returns.

No, WEBL is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.