{"url":"https://etfiq.com/compare/leverage/webl-vs-webs","section":"compare","title":"WEBL vs WEBS: which held to its multiple? | ETFIQ","description":"WEBL sets out to return +3 times FDN each day and WEBS -3 times. Over the three months to Sep 30, 2026 they finished \u22124.5 pts and +0.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, WEBL or WEBS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, WEBL finished 4.5 points from what its multiple implies and WEBS finished 0.2 points from its own, so WEBS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are WEBL and WEBS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on First Trust DJ Internet Index Fund, WEBL at +3 times and WEBS at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, WEBL or WEBS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window WEBL\u2019s moved at 20% annualized and WEBS\u2019s at 20%, so WEBL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold WEBL or WEBS for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, WEBL or WEBS?","acceptedAnswer":{"@type":"Answer","text":"WEBL charges 0.96% a year and WEBS charges 1.07%, so WEBL is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"WEBL vs WEBS","item":"https://etfiq.com/compare/leverage/webl-vs-webs"}]},{"@type":"WebPage","name":"WEBL vs WEBS: which held to its multiple?","description":"WEBL sets out to return +3 times FDN each day and WEBS -3 times. Over the three months to Sep 30, 2026 they finished \u22124.5 pts and +0.2 pts away.","url":"https://etfiq.com/compare/leverage/webl-vs-webs","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, WEBL finished 2.3 points short and WEBS 2.4 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of WEBL and WEBS","description":"WEBL sets out to return +3 times FDN each day and WEBS -3 times. Over the three months to Sep 30, 2026 they finished \u22124.5 pts and +0.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/webl-vs-webs","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7036,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / WEBL vs WEBS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n WEBL vs WEBS: which held to its multiple?\n\n Over three months against its own daily promise, WEBL finished 2.3 points short and WEBS 2.4 points over.\n Copy this for sharing \n \n Direxion Daily Dow Jones Internet Bull 3X ETF and Direxion Daily Dow Jones Internet Bear 3X ETF.\n\n Download as PDF \n\n +16.5% WEBL returned, 3 months \n \u221220.8% WEBS returned, 3 months \n \u22124.5 pts WEBL from its stated multiple \n +0.2 pts WEBS from its stated multiple \n\n ETFIQ Decay Resistance Score: W","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/webl-vs-webs","a":{"ticker":"WEBL","name":"Direxion Daily Dow Jones Internet Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: WEBL returned +16.5% where its own daily promise gave +18.8%, 2.3 points short.","url":"https://etfiq.com/funds/webl","key_facts":[{"label":"What FDN did","value":"+7.0%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"+18.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+16.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$86m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.96%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"WEBS","name":"Direxion Daily Dow Jones Internet Bear 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: WEBS returned \u221220.8% where its own daily promise gave \u221223.3%, 2.4 points over.","url":"https://etfiq.com/funds/webs","key_facts":[{"label":"What FDN did","value":"+7.0%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u221223.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221220.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$7m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/webl-vs-webs"}