# WEBL (Direxion Daily Dow Jones Internet Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: WEBL returned +23.6% where its own daily promise gave +26.2%, 2.6 points short.

## Key facts

- WEBL, what FDN did: +9.3%, as of Sep 11, 2026.
- WEBL, what +3 times a day gives: +26.2%, as of Sep 11, 2026.
- WEBL, what the fund returned: +23.6%, as of Sep 11, 2026.
- WEBL, the fund itself cost: −2.6 pts, as of Sep 11, 2026.
- WEBL, net assets: $112m (source, as filed for Apr 30, 2026).
- WEBL, expense ratio: 0.96% (485BPOS XBRL, Feb 26, 2026).

## WEBL over each window to Sep 11, 2026

| Window | Fund | FDN | +3x the move | Difference | FDN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −3.9% | −0.8% | −2.5% | −1.4 pts | 18% |
| 3 months | +23.6% | +9.3% | +27.9% | −4.3 pts | 21% |
| 6 months | +55.7% | +20.3% | +61.0% | −5.3 pts | 22% |
| 1 year | −14.8% | +1.9% | +5.8% | −20.7 pts | 21% |
| 3 years | +131.1% | +69.5% | +208.4% | −77.3 pts | 22% |
| Since launch | +23.1% | +117.3% | not meaningful over this window | not meaningful over this window | 28% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of FDN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.54 times, against +3 stated | ETFIQ |
| Underlying | FDN | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $112m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.96% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Nov 7, 2019 | ETFIQ |
| Underlying volatility over the window | 21% annualized | ETFIQ |

## Questions

### Did WEBL return +3 times FDN?

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.

### Why does WEBL not return +3 times over a year?

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.


## Cite this page

ETFIQ, WEBL, data as of Sep 11, 2026. https://etfiq.com/funds/WEBL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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