{
 "ticker": "WEBL",
 "name": "Direxion Daily Dow Jones Internet Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/WEBL",
 "html": "https://etfiq.com/funds/WEBL",
 "markdown": "https://etfiq.com/funds/WEBL.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: WEBL returned +23.6% where its own daily promise gave +26.2%, 2.6 points short.",
 "key_facts": [
  {
   "key": "what_fdn_did",
   "label": "What FDN did",
   "value": "+9.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WEBL, what FDN did: +9.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What +3 times a day gives",
   "value": "+26.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WEBL, what +3 times a day gives: +26.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+23.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WEBL, what the fund returned: +23.6%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "WEBL, the fund itself cost: \u22122.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$112m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "WEBL, net assets: $112m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "WEBL, expense ratio: 0.96% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of FDN, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.54 times, against +3 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "FDN",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$112m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Nov 7, 2019",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "21% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22123.9%",
   "FDN": "\u22120.8%",
   "+3x the move": "\u22122.5%",
   "Difference": "\u22121.4 pts",
   "FDN moved about": "18%"
  },
  {
   "window": "3 months",
   "Fund": "+23.6%",
   "FDN": "+9.3%",
   "+3x the move": "+27.9%",
   "Difference": "\u22124.3 pts",
   "FDN moved about": "21%"
  },
  {
   "window": "6 months",
   "Fund": "+55.7%",
   "FDN": "+20.3%",
   "+3x the move": "+61.0%",
   "Difference": "\u22125.3 pts",
   "FDN moved about": "22%"
  },
  {
   "window": "1 year",
   "Fund": "\u221214.8%",
   "FDN": "+1.9%",
   "+3x the move": "+5.8%",
   "Difference": "\u221220.7 pts",
   "FDN moved about": "21%"
  },
  {
   "window": "3 years",
   "Fund": "+131.1%",
   "FDN": "+69.5%",
   "+3x the move": "+208.4%",
   "Difference": "\u221277.3 pts",
   "FDN moved about": "22%"
  },
  {
   "window": "Since launch",
   "Fund": "+23.1%",
   "FDN": "+117.3%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "FDN moved about": "28%"
  }
 ],
 "questions": [
  {
   "q": "Did WEBL return +3 times FDN?",
   "a": "Over the window to Sep 11, 2026, FDN moved +9.3% and WEBL returned +23.6%. 3 times that move is +27.9%, so the fund came out 4.3 points short of it."
  },
  {
   "q": "Why does WEBL not return +3 times over a year?",
   "a": "Because it resets daily. WEBL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}