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ETFs

Direxion Daily Dow Jones Internet Bear 3X Shares

WEBS
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 7, 2019
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$5,434,323
AUM
$36,288,510
Associated Index
Dow Jones Internet Composite Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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GOLDMAN FINL SQ TRSRY INST 506
-25.46%
—
DREYFUS GOVT CASH MAN INS
-35.35%
Invest with WEBS
Trade WEBS Options

What is WEBS?

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
Max
www.composer.trade

WEBS
Performance Measures**

for the time period Nov 12, 2019 to Dec 4, 2025

Returns

1M Trailing Return: 5.3%

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

3M Trailing Return: 8.4%

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

Measures of Risk or Volatility

Max Drawdown: -99.6%

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

Standard Deviation: 91.8%

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: -0.40

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: -0.54

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

ETFs related toWEBS

ETFs correlated to WEBS include SQQQ, QID, PSQ

WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

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 toWEBS

NOVA | Long John Bond ETFifier | Anansi Mods v1.5

Category

Tactical allocation, leveraged ETFs, inverse ETFs, volatility hedge, bond-equity rotation, mean reversion, momentum, managed futures, sector rotation, daily rebalance

OOS Cumulative Return

156.66%

IFF Fund: Lost in The Market v3|10.5.23

Category

Tactical allocation, daily rebalance, leveraged ETFs, inverse ETFs, trend + mean‑reversion, sector rotation, volatility hedge, crypto sleeve, bonds hedge

OOS Cumulative Return

93.03%

Create your own algorithmic trading strategy with WEBS using Composer

FAQ

WEBS 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.

WEBS tracks the Dow Jones Internet Composite Index.

No, WEBS 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, WEBS 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 WEBS is 0.0158%. This is the percent change in the value of WEBS over the most recent 1-month period. The 3-month return on WEBS is -0.0454%. This is the percent change in the value of WEBS over the most recent 3-month period.

The standard deviation of WEBS for the past year is 0.8846%. 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 WEBS include SSO, TNA, and SPXL.

ETFs correlated to WEBS include SQQQ, QID, and PSQ.

ETFs that are inversely correlated to WEBS include FDN, WEBL, and PNQI.

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

Yes, WEBS is a Inverse (-3x) leveraged ETF: This means that WEBS will try to match the performance of Dow Jones Internet Composite Index, but move 3x in the opposite direction.

Disclaimers

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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.