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

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: WEBL returned +16.5% where its own daily promise gave +18.8%, 2.3 points short.

## Key facts

- WEBL, what FDN did: +7.0%, as of Sep 30, 2026.
- WEBL, what 3 times a day gives: +18.8%, as of Sep 30, 2026.
- WEBL, what the fund returned: +16.5%, as of Sep 30, 2026.
- WEBL, the fund itself cost: −2.3 pts, as of Sep 30, 2026.
- WEBL, net assets: $86m (issuer page, as of Sep 30, 2026).
- WEBL, expense ratio: 0.96% (485BPOS XBRL, Feb 26, 2026).

## WEBL over each window to Sep 30, 2026

| Window | Fund | FDN | +3x the move | Difference | FDN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −5.6% | −1.4% | −4.1% | −1.5 pts | 20% |
| 3 months | +16.5% | +7.0% | +21.0% | −4.5 pts | 20% |
| 6 months | +64.3% | +22.3% | +66.8% | −2.5 pts | 20% |
| 1 year | −12.3% | +3.1% | +9.2% | −21.5 pts | 21% |
| 3 years | +180.3% | +80.7% | +242.2% | −61.9 pts | 22% |
| Since launch | +21.2% | +116.9% | 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 | +2.36 times, against +3 stated | ETFIQ |
| Underlying | FDN | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $86m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.96% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Nov 7, 2019 | ETFIQ |
| Underlying volatility over the window | 20% annualized | ETFIQ |

## Questions

### Did WEBL return +3 times FDN?

Over the window to Sep 30, 2026, FDN moved +7.0% and WEBL returned +16.5%. 3 times that move is +21.0%, so the fund came out 4.5 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 30, 2026. https://etfiq.com/funds/webl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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